LONDON, UK: Substrate AI (SAI/SAI.B) has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities, to identify potential investors or partners for its subsidiary, the generative artificial intelligence company Subgen AI Ltd and raise at least €10 million. The agreement valued Subgen AI at €200 million and the investment round will be…
Category: London Stock Exchange
News and updates from London Stock Exchange
Blue Star Capital reports significant loss amidst investment write-downs
LONDON, UK: Blue Star Capital plc (AIM: BLU), a prominent investment firm specializing in esports, technology, and related media and gaming sectors, has disclosed its annual financial results for the year concluding on September 30, 2023. The company reported a substantial pretax loss of £6,329,473, a stark increase from the previous year’s £1,301,008. The considerable…
FirstGroup wins London cable car contract
LONDON: FirstGroup plc has been awarded the contract by Transport for London (TfL) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames. The contract will commence on 28 June 2024 and has an initial core five-year term with…
En+ Group reports net profit plummeted 61.2% to $716 million in 2023
LONDON: En+ Group IPJSC, a leading global producer of aluminium and power, has released its financial and operational results for the fiscal year 2023, revealing a challenging economic landscape marked by geopolitical tensions and market volatility. Despite a significant drop in aluminium prices and a rapid rise in the dollar exchange rate, En+ managed to…
Esken Limited enters administration amid restructuring challenges
LONDON: Esken Limited has announced the suspension of its restructuring plan, citing commercial non-viability and legal complexities under Guernsey law. The company, which had been exploring restructuring options, has identified an unacceptable level of risk associated with the court process required to implement the proposed plan. The board, after a thorough review of Esken’s financial…
Aquis Exchange plc reports 13% increase in basic earnings per share during 2023
LONDON, UK: Aquis Exchange PLC (AQX.L), a pioneering force in the development of next-generation financial markets, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a commendable increase in net revenue and profits, attributing its success to a diversified portfolio and strategic market expansions. Financial Performance…
Dowlais Group reports 6.3% growth in revenue to £5.48 billion in 2023
LONDON, UK: Dowlais Group plc, a leading specialist engineering group in the automotive industry, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a significant revenue increase and robust profit margins, reflecting strong performance and strategic advancements in the sector. Financial Highlights: Operational Setbacks: Earnings and…
Aptitude Software announces robust financial performance and strategic advances for 2023
LONDON, UK: Aptitude Software Group plc (LSE: APTD), a leading provider of finance transformation software solutions, has released its audited financial results for the year ended December 31, 2023. The company reported a solid financial performance with a notable increase in annual recurring revenue and profits, alongside strategic progress in its operations. Financial Highlights: Strategic…
Energean Israel reports gross profit of $495.7 million in 2023
LONDON, UK: Energean Israel has reported a comprehensive income statement for the year ended December 31, 2023, showcasing a significant leap in revenue and net profit compared to the previous year. The company’s revenue skyrocketed to $939,836,000 in 2023, a substantial increase from a modest $27,122,000 in 2022. This surge in revenue led to a…
Tritax Big Box and UK Commercial Property REIT to merge in a £924 million deal
LONDON: Tritax Big Box REIT (BBOX) and UK Commercial Property REIT Limited (UKCM) have announced a definitive all-share merger agreement. Under the terms of the deal, BBOX will acquire all the issued and to be issued ordinary share capital of UKCM. Shareholders of UKCM are set to receive 0.444 new BBOX shares for each UKCM…
NEXT Group posts 5% surge in profit to £918 million in 2023
LONDON, UK: NEXT Group has announced its financial results for the year ending January 2024, showcasing a steadfast increase in sales and profits despite challenging market conditions. The retail giant reported total group sales of £5,842 million, marking a 5.9% increase from the previous year’s £5,516 million. This growth is attributed to the company’s strategic…
OPG Power Ventures sells solar assets in India
LONDON, UK: OPG Power Ventures Plc (AIM: OPG), the developer and operator of power generation assets in India, announced the sale of the Group’s 31% equity holding in the four solar assets totalling 62 MW located in Karnataka, India. As previously announced, the Group has been seeking to divest its stake in the solar assets…