LONDON, UK: Dr. Martens plc announced that Kenny Wilson has decided that this will be his final year as Chief Executive Officer (CEO) of the Company. As part of an orderly succession plan, and following a thorough search process, the Board is delighted to announce that Ije Nwokorie, currently Chief Brand Officer (CBO), will succeed…
Category: London Stock Exchange
News and updates from London Stock Exchange
Marika Auramo appointed CEO of Vodafone Business
LONDON: Vodafone today announced that Marika Auramo has been appointed CEO of Vodafone Business, with effect from 1 July 2024. She will also become a member of Vodafone’s Executive Committee from the same date. Marika is a highly respected business leader and has more than 25 years’ experience in the global IT industry. She joins…
Hostmore plc proposes to acquire TGI Fridays Inc. for £177 million
LONDON, UK: Hostmore plc has reached agreement on a non-binding basis for a proposed all-share acquisition of TGI Fridays Inc. TGI Fridays is the global hospitality business that owns the American-themed casual dining brand “TGI Fridays” which is the Company’s franchisor. TGI Fridays primarily operates through franchising and licensing agreements in the US and in…
Regent Acquisitions to takeover TClarke plc in a £90.56 million deal
LONDON, UK: Regent Acquisitions Limited has negotiated the acquisition of TClarke plc, with both companies’ boards of directors expressing their satisfaction over the agreed terms. The transaction will see Regent Acquisitions making a recommended cash offer for the entire issued and to be issued share capital of TClarke that is not already under the ownership…
Ceres Power Holdings reports robust financial growth
HORSHAM, UK: Ceres Power Holdings plc (CWR.L), a global leader in the development of clean energy technologies, has proudly announced its financial results for the fiscal year ending December 31, 2023. The company has reported a significant increase in revenue, gross profit, and investment in research and development, highlighting its commitment to innovation and the…
Synthomer plc sells its latex compounding business to Matco NV for €27.5 million
LONDON, UK: Synthomer plc announced an agreement to divest its latex compounding business to Belgian company Matco NV, a leader in compounds, water-based adhesives, and solutions for various industrial applications, for consideration of c.€27.5 million. The latex compounds business, which is part of Synthomer’s Health & Protection and Performance Materials division, was designated as non-core…
Helix Exploration announces strategic partnership with Petroleum Consultants LLC
LONDON, UK: Helix Exploration, a company renowned for its focus on large-scale and low-risk helium deposits, has proudly announced a strategic partnership with Petroleum Consultants, LLC. This collaboration is set to advance Helix’s operations within the prolific ‘Montana Helium Fairway’. The expertise of Petroleum Consultants’ management team is unparalleled, boasting three Professionally Licensed Petroleum Engineers…
Air Astana Group and Neos SpA forge strategic airline alliance
LONDON, UK: Air Astana Group, the premier airline conglomerate in Central Asia and the Caucasus, has announced a strategic partnership with Neos SpA, Italy’s second-largest carrier and a member of the Alpitour group. This collaboration is set to enhance connectivity and service between the two regions, marking a significant step in international travel and cooperation….
Balanced Commercial Property Trust evaluates sale of the business
LONDON, UK: The Balanced Commercial Property Trust Limited (BCPT) has announced a comprehensive strategic review to evaluate the company’s future and maximize shareholder value. Amidst a challenging economic climate and property market, the BCPT Board is considering various options, including a potential sale, although no discussions with buyers are currently underway. Paul Marcuse, Chairman of…
Respiratory disease diagnostics ProAxsis secures c.£1.8 million investment
LONDON: NetScientific Plc (AIM: NSCI) announced that its portfolio company ProAxsis Limited has successfully closed a c.£1.8 million investment. The investment was led by the Company’s wholly owned venture capital and corporate finance firm, EMV Capital, syndicated from a cohort of private investors. The Investment includes c.£211,000 from new investors, c.£36,000 from the exercise of…
CLS announces sale of Westminster Tower for £40.8 million
LONDON: CLS Holdings announced that it has conditionally exchanged on the sale of Westminster Tower, Albert Embankment, for £40.8 million, in-line with its 31 December 2023 valuation. Completion is expected in Q2 2024. The asset was sold to the London Square Group, which intends to convert the property from an office space into residential. The…
Inchcape to sell UK Retail operations to Group 1 Automotive UK for £346 million
LONDON, UK: Inchcape Plc has agreed to sell its UK Retail operations to Group 1 Automotive UK Limited, a wholly-owned subsidiary of Group 1 Automotive Inc. (NYSE: GPI) for a cash consideration of approximately £346 million. In FY2023, Inchcape’s UK Retail operations generated revenue of £2,065m, 18% of Group revenue, and adjusted operating profit of…