LONDON, UK: Glanbia plc has entered into an agreement with the shareholders of Aroma Holding Company, LLC and related entities, the owners of Flavor Producers LLC to acquire the business for an initial consideration of $300 million plus deferred consideration. Flavor Producers is a leading flavour platform in the US, providing flavours and extracts to…
Category: London Stock Exchange
News and updates from London Stock Exchange
HgT will invest approximately £21.3 million in Focus Group
BRIGHTON & HOVE, UK: Hg, the Manager of HgCapital Trust plc (HgT), announced an investment in Focus Group, one of the UK’s leading providers of essential business technology to SMEs. HgT will invest approximately £21.3 million in Focus Group, with other institutional clients of Hg investing alongside HgT through the Hg Genesis 10 Fund. Founded…
FCA issues reminder to motor finance firms on financial resources amid review
LONDON: The Financial Conduct Authority (FCA) has issued a formal reminder to motor finance firms regarding the necessity of maintaining adequate financial resources consistently. This communication comes as the FCA conducts a review of the historical application of discretionary commission arrangements (DCA) within the motor finance sector. The FCA’s scrutiny has revealed a variety of…
Frontier IP appoints Jo Stent as Chief Financial Officer
LONDON: Frontier IP, a specialist in commercialising intellectual property, announced the appointment of Jo Stent as Chief Financial Officer with effect from 22 April 2024. Jo is a chartered accountant, having qualified at Ernst & Young, and brings nearly 30 years’ experience in senior financial roles across a broad range of sectors and geographies. Jo…
Huddled Group has acquired online retailer Food Circle
LONDON, UK: Huddled Group plc (AIM:HUD) announced the acquisition of online retailer Food Circle Supermarket for total consideration of up to £300,000. The acquisition comprises the entire stock, intellectual property and website (www.foodcirclesupermarket.co.uk) and other social channels of Food Circle. Founded in 2018, by owner/operators Paul Simpson and James Barthorpe, Sheffield-based Food Circle is an…
Syncona to sell Clade Therapeutics to Century Therapeutics for $45 million
LONDON: Syncona Ltd has signed an agreement for the sale of its portfolio company Clade Therapeutics to Century Therapeutics for $45 million. Century is a biotechnology company developing induced pluripotent stem cell (iPSC)-derived cell therapies. Syncona committed $30 million to Clade in August 2021 alongside a syndicate of specialist investors as part of a $87…
Animalcare Group to sell it’s stake in STEM Animal Health for $4.7m
LONDON, UK: Animalcare Group plc (AIM: ANCR) has reached agreement in principle to sell its 33.34% equity stake in STEM Animal Health Inc. (STEM) to Dechra Pharmaceuticals Limited for a total cash payment of US$4.7m. STEM is currently owned by Animalcare and Canada-based Kane Biotech Inc. Other items covered by the agreement will bring the…
M&C Saatchi appoints of Rob Doubal and Laurence Thomson as new joint Global CCOs
LONDON, UK: M&C Saatchi announced the appointment of Rob Doubal and Laurence (Lolly) Thomson as the new joint Global Chief Creative Officers (CCOs). Rob and Lolly join M&C Saatchi from McCann London, where they held the position of joint CCOs of McCann UK and co-presidents McCann London. This is a newly created role and will…
Shurgard Self Storage offers to acquire Lok’nStore in a £378 million deal
LONDON, UK: Shurgard Self Storage Ltd has reached agreement on the terms of a recommended cash offer to acquire Lok’nStore Group. Under the terms of the acquisition, Lok’nStore shareholders will be entitled to receive 1,110 pence in cash for each share valuing the entire issued and to be issued share capital of Lok’nStore at approximately…
Epwin Group appoints Stephen Harrison as Chairman
LONDON: Epwin Group Plc, a key player in the building products industry, has announced upcoming changes to its leadership. Andrew Eastgate will retire as Chairman and step down from the Board after a decade of service, effective after the AGM on May 21, 2024. Succeeding him is Stephen Harrison, who joined the Board in November…
Vinanz Limited enhances U.S. market presence with DTC eligibility and Employee Benefit Trust
LONDON: Vinanz Limited, a London-listed Bitcoin mining firm, has announced its shares are now DTC eligible in the U.S., simplifying access for investors. The DTC eligibility allows for efficient electronic clearing of the company’s shares, traded under the ticker “VINZF.” This move is expected to increase market activity and investor engagement. Furthermore, Vinanz has established…
IQE and Advanced Wireless Semiconductor announce expanded partnership
LONDON: IQE plc, a leader in compound semiconductor wafer products, has announced an expanded partnership with Advanced Wireless Semiconductor Company (AWSC) through a multi-year supply agreement. This strategic move will see IQE providing Gallium Arsenide (GaAs) wafers to AWSC for the production of power amplifiers for smartphones, targeting Tier One OEMs in China’s Android market….