LONDON, UK: M&C Saatchi Plc has reported a challenging fiscal year 2023. The company saw a slight decrease in revenue, down by 2% from the previous year, standing at £453.9 million compared to £462.5 million in FY22. This dip was mirrored in the net revenue, which also fell by 7% to £252.8 million. The company’s…
Category: London Stock Exchange
News and updates from London Stock Exchange
THG Plc reports 8.4% decline in total group revenue
LONDON, UK: THG Plc has reported a decline in total group revenue by 8.4% year-over-year (YoY), a move attributed to the company’s decisive action to phase out unprofitable categories. Despite these challenges, the group’s continuing revenue stood at £1.983 billion, a modest decrease of 2.8%, as the focus shifted towards sales and territories with higher…
Entrust has completed the acquisition of Onfido
LONDON: Entrust has completed the acquisition of Onfido, a portfolio investment of the Augmentum Fintech plc (LSE: AUGM). Augmentum’s understanding of the terms of the transaction implies a valuation of the Company’s investment in Onfido at £10.1 million (30 September 2023: £9.7 million representing 3.6% of the value of the portfolio). Augmentum Fintech initially invested in…
JTC plc reports 28.7% increase in revenues in 2023
LONDON, UK: JTC plc has delivered an outstanding financial report for the year ended December 31, 2023, indicating another year of exceptional performance and positive momentum heading into 2024. The company’s revenue saw a significant increase of 28.7%, driven by a record net organic growth of 19.9%. The underlying EBITDA also grew by 30.1%, reaching…
First Class Metals in talks with Seventy Ninth Resources for asset disposal
LONDON, UK: First Class Metals PLC, the UK-listed exploration company, has initiated discussions with asset management firm Seventy Ninth Resources Limited for the potential sale of select properties in northern Ontario, Canada. The negotiations, which involve both core and non-core assets, underscore the effectiveness of First Class Metals’ strategy to enhance and monetize its holdings….
Helix Exploration commences trading on AIM market of London Stock Exchange
LONDON: Helix Exploration, a US-based helium exploration firm, has commenced trading on the AIM market of the London Stock Exchange under the ticker HEX. The company’s shares opened at 8.00 a.m. with an ISIN of GB00BPK66X70, following an oversubscribed placing that raised £7.5 million from a demand book exceeding £22 million. The initial market capitalisation…
HSBC agrees to sell its business in Argentina to Grupo Financiero Galicia for $550m
LONDON: HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. Noel Quinn, Group Chief Executive, said: “We are pleased to agree the sale of HSBC Argentina. This transaction is…
Carnell Group has acquired Route One Holdings for £5.0 million
LONDON, UK: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, announced that its wholly owned subsidiary, Carnell Group Holdings Ltd, has acquired Route One Holdings (Wakefield) Ltd for an Enterprise Value of £5.0 million. Based in West Yorkshire, Route One is a multi-disciplinary specialist engineering…
STG Partners agrees to acquire Gresham Technologies £146.7 million
LONDON, UK: Alliance Bidco Ltd, a company indirectly owned by STG Partners has agreed on the terms and conditions of a recommended cash offer to acquire Gresham Technologies plc. Under the terms, each Gresham Technologies shareholder will be entitled to receive 163 pence in cash per share. In addition, prior to the effective date the…
Voyager Life halts merger talks with Northern Leaf amid fundraising challenges
LONDON: Voyager Life Plc, a prominent health and wellness group known for its high-quality Cannabidiol (CBD) products, has announced the cessation of merger discussions with Northern Leaf plc. The proposed merger, which had been publicized on March 13, 2024, was anticipated to create a pioneering vertically integrated cannabis entity in the British Isles. The crux…
TotalEnergies expands its natural gas production in Texas
PARIS: TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain. Located in Texas, the Dorado…
Mirriad Advertising forms strategic partnership with TripleLift
LONDON: Mirriad Advertising, a pioneer in in-content advertising and virtual product placement, has announced a strategic partnership with TripleLift Inc., a leader in advanced advertising technology. This collaboration is set to transform the digital advertising landscape by integrating TripleLift’s supply-side platform (SSP) capabilities with Mirriad’s extensive in-content inventory. The partnership heralds a new era for…