LONDON, UK: GetBusy plc (AIM: GETB), a leading provider of productivity software for professional and financial services, announced the acquisition of the trade and assets of SmartPath LLC, the pricing intelligence and revenue optimisation platform for the accounting industry. The acquisition broadens the Group’s product offering into the pricing and small-practice management space in the…
Category: London Stock Exchange
News and updates from London Stock Exchange
Royal Mail calls for urgent reform to secure future of Universal Service
LONDON: In a move to address the financial sustainability of the Universal Service, Royal Mail has unveiled a comprehensive proposal that seeks to modernize the service without legislative change. The plan, which comes after extensive customer consultation, aims to maintain the core aspects of the service that customers value most while introducing necessary efficiencies to…
Thor Explorations expands gold mining interests in Senegal
LONDON, UK: Thor Explorations Ltd. has successfully expanded its mining portfolio in Senegal by acquiring significant interests in two key licenses. The company now holds up to an 85% stake in the Douta-West License and up to 80% in the Sofita License, both pivotal to the advancement of the Douta Gold Project. Key Developments: Acquisition…
East Star Resources Plc eyes partnership for Verkhuba Copper deposit
LONDON: East Star Resources Plc (LSE: EST), is exploring strategic options for its Verkhuba copper deposit in Kazakhstan. The company has opened a data room to facilitate a potential joint venture, farm-out, or outright sale of the deposit, following interest from various entities. Key Points: In parallel with the transaction process, East Star Resources is…
Elcogen AS has announced strategic investment by Baker Hughes
LONDON, UK: HydrogenOne Capital Growth’s portfolio company Elcogen AS has announced a strategic investment by Baker Hughes, part of an overall funding package totalling €140 million. This funding will be used to continue to scale up Elcogen’s leading solid oxide cell technology (SOEC) for green hydrogen. The investment by Baker Hughes, which follows strategic investment…
AB Dynamics has acquired Venshure Test Services for $30 million
LONDON, UK: AB Dynamics (AIM: ABDP) announced the acquisition of Venshure Test Services LLC (VTS). Venshure Test Services is a leading provider of dynamometer-based testing services to the automotive sector in the USA, particularly focussed on the development and deployment of electric vehicles (EV) for US based automotive OEMs. Headquartered in Chelsea, Michigan, VTS offers…
Moody’s affirms the long-term deposit and senior unsecured ratings of TBC Bank
LONDON: TBC Bank Group announced that on 28 March 2024, Moody’s Investors Service affirmed JSC TBC Bank’s Ba2 long-term local and foreign currency deposit ratings, as well as senior unsecured rating and revised the outlook from negative to stable. The stable outlook on the senior unsecured and long-term deposit ratings is reflective of the agency’s…
Nyetimber Wines and Spirits to acquire The Lakes Distillery in £46.1 million deal
LONDON: Nyetimber Wines and Spirits Group Limited has proposed a cash offer to acquire The Lakes Distillery Company plc, valuing the latter’s share capital at approximately £46.1 million. Shareholders of The Lakes Distillery are to receive 116 pence per share, with the total enterprise value estimated at £71.0 million, accounting for The Lakes’ net financial…
DSW Capital appoints Peter Fendall to the Board as Chief Operating Officer
LONDON: DSW Capital, a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, has today appointed Peter Fendall to the Board as Chief Operating Officer, a news release said. Peter Fendall joined DSW Capital in September 2021 to help facilitate the IPO and is currently the Business Development &…
Sunrise Resources announces sale of Nevada Diatomite claims to Dicalite Management
LONDON: Sunrise Resources plc has finalized the sale of 29 diatomite mining claims in Nevada’s Crow Springs area to Dicalite Management Group for $150,000, a news release noted. The initial payment of $75,000 has been completed, with the remainder due upon Dicalite’s submission of a mine plan to the Bureau of Land Management. The claims,…
BHP completes the $4.1 billion divestment of Daunia and Blackwater
LONDON: BHP and Mitsubishi Development Pty Ltd (MDP) have completed the divestment of the Blackwater and Daunia mines to Whitehaven Coal. Daunia and Blackwater were part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA. Whitehaven Coal has paid BMA US$2.0…
Agronomics’ Onego Bio raises €27 million in Series A financing led by NordicNinja VC
LONDON: Agronomics (LSE: ANIC) portfolio company Onego Bio Ltd has successfully raised €27 million in its Series A financing, led by NordicNinja VC, a Japanese-Nordic VC backing companies in climate and deep tech. In addition, Onego Bio secured a further €9.5 million in non-dilutive funding from Business Finland, a government organisation offering grant funding for…