OSLO: Norwegian Block Exchange (NBX) has entered into an agreement to be the European issuer of a US dollar stablecoin in collaboration with Mehen Finance LLC. Mehen Finance LLC owns the rights to the stablecoin USDM and carries out issuance and redemption in the USA, while NBX will perform corresponding operations for the European part…
Category: London Stock Exchange
News and updates from London Stock Exchange
BATM to deliver Edgility to Totalplay in Mexico
LONDON: BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, has signed a three-year agreement to provide its Edgility edge virtualisation platform and accompanying hardware to Totalplay, a Tier 1 telecommunications company in Mexico that offers internet access, pay television and telephony services through one of…
Anglesey Mining plc appoints Rob Marsden as Chief Executive Officer
LONDON, UK: Anglesey Mining plc (AIM:AYM), 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in Anglesey, North Wales, announced the appointment of Robert Marsden to the Board as Chief Executive Officer with effect from 1st May 2024. Rob Marsden is a Mining Engineer with 29 years of international experience. Upon graduation from the Camborne…
Great Western Mining acquires Olympic Gold Project in Nevada
LONDON: The UK-based Great Western Mining Corporation (GWMC) has finalized the acquisition of the Olympic Gold Project in Mineral County, Nevada, from Nevada Select Royalty Inc., a subsidiary of Gold Royalty Corp. The deal, valued at $150,000, grants GWMC ownership of 48 claims over 825 acres, including the historic OMCO gold mine, and an additional…
Charlestown Energy Partners to invest in Challenger Energy
LONDON, UK: Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, has entered into a legally binding term sheet for an investment by Charlestown Energy Partners LLC. Charlestown will invest £1.5m in the Company, initially in the form of a loan, which upon closing of the AREA OFF-1 farm-out to Chevron and subject to…
Concord Chorus Limited offers to acquire Hipgnosis Songs Fund for $1.4 billion
LONDON, UK: Concord Chorus Limited and the board of Hipgnosis Songs Fund have announced a definitive agreement for a recommended all-cash acquisition. The transaction will see Concord Chorus acquire the entire issued and to be issued share capital of Hipgnosis. The acquisition, valued at approximately US$1.402 billion, is set to be executed through a Court-sanctioned…
Surface Transforms forecast 165% growth in sales in 2024
LONDON: Surface Transforms (AIM:SCE) manufacturer of carbon fibre reinforced ceramic disc brake materials provides the following more detailed sales guidance for 2024. Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to…
Mosa Meat B.V. has raised EUR 40 million in new capital
LONDON: Agronomics (LSE: ANIC), a leading listed company in cellular agriculture, announced that its portfolio company Mosa Meat B.V., a leader in cultivated beef production, has successfully raised EUR 40 million in new capital to help finance further scaling up of production processes and prepare its products for market entry. The oversubscribed round was led…
Scottish Power to pay £1.5m for overcharging customers
Ofgem is announcing that Scottish Power Energy Retail Ltd will pay £1.5 million in refunds and compensation for charging customers above the price cap during the height of the energy crisis. Ofgem agreed the redress package after the supplier confirmed that between 2015 and 2023, it mistakenly overcharged 1,699 direct debit customers a higher rate,…
Superdry chalks out turnaround plan including restructuring, equity raise, and delisting
LONDON, UK: Superdry Plc has unveiled a comprehensive package of measures aimed at revitalizing its operations and ensuring long-term success. The fashion retailer is set to implement a significant restructuring plan, raise equity, and delist from the London Stock Exchange. Peter Sjӧlander, Superdry Plc Chairman, commented: “The Board has spent a lot of time engaging…
Eleco plc has acquired 100% of Vertical Digital group companies
LONDON, UK: Eleco plc (AIM: ELCO) wholly owned subsidiary Elecosoft Ltd has acquired 100% of the share capital of Vertical Digital group of companies, consisting of Vertical Digital SRL and Sons of Coding SRL for an initial consideration of €1.3m (c£1.1m), exclusively financed by the Company’s internal cash resources. Vertical Digital has a proven track…
International Paper Company and DS Smith Plc have agreed to merge
LONDON, UK: International Paper Company and DS Smith Plc have agreed to a recommended all-share merger. This move will unite two complementary businesses, establishing a global leader in sustainable packaging solutions with strongholds in Europe and North America. It is intended that the Combination will be implemented by way of a Court-sanctioned scheme of arrangement…