LONDON, UK: Aukett Swanke’s wholly owned subsidiary Torpedo Factory Ltd (TFL) has acquired certain assets of RTS, a company (trading as Vanti) which provided master system integration and smart building software to commercial properties in the UK. The acquisition introduces SaaS revenues from RTS’s smart buildings software and, in the opinion of the Directors, marks…
Category: London Stock Exchange
News and updates from London Stock Exchange
Recommended cash acquisition of Virgin Money UK by Nationwide Building Society
LONDON, UK: Nationwide Building Society has agreed to a cash acquisition of Virgin Money UK, valued at approximately £2.9 billion. Each Virgin Money shareholder is set to receive 220 pence per share, which includes 218 pence in cash consideration and a 2 pence proposed dividend. This offer marks a significant premium over recent closing prices,…
ReNeuron Group to appoint administrators amid financial uncertainty
LONDON: ReNeuron Group plc, a pioneering UK-based biotechnology firm specializing in stem cell derived exosome technologies, has announced the board’s decision to appoint administrators. This move comes as a follow-up to the company’s previous announcement on 5 February 2024, which highlighted ongoing business development and financing discussions. Despite exhaustive efforts to explore various corporate strategies…
HgCapital Trust invests in regulatory tech leader, CUBE
LONDON, UK: HgCapital Trust plc (HgT), the investment management firm listed on the London Stock Exchange, has announced a strategic investment of approximately £9.7 million in CUBE. This global leader in Automated Regulatory Intelligence and Regulatory Change Management technology is set to partner with Hg through the Hg Mercury 4 Fund, alongside other institutional clients….
Roadside Real Estate sells shares in Cambridge Sleep Sciences to CGV Ventures 1
LONDON: Roadside Real Estate (AIM: ROAD) has exchanged an unconditional share purchase agreement to sell 952 shares in its subsidiary, Cambridge Sleep Sciences, (“CSS”) for £6,302.53 per share to CGV Ventures 1 Ltd.. The total consideration of £6.0 million implies a significant upside to the Company’s retained shareholding in CSS. The consideration would be wholly…
IQGeo Group reports record growth and operational success in 2023
LONDON, UK: IQGeo Group plc (AIM: IQG), the innovative developer of geospatial productivity and collaboration software for telecoms and utility network operators, has announced its final audited results for the year ended 31 December 2023, marking a year of substantial growth and operational achievements. Operational Achievements: The company has made significant strides across all regions,…
CleanTech Lithium produces lithium chloride eluate from its pilot plant
LONDON: CleanTech Lithium PLC, a lithium exploration and development company, has announced the successful commencement of operations at its pilot plant in Chile. The plant, which is part of the Laguna Verde project, has begun producing lithium chloride eluate through the Direct Lithium Extraction (DLE) process. Key Milestones Achieved: This development marks a significant step…
PYX Resources marks milestone with first ilmenite shipment to China
LONDON: PYX Resources Ltd (NSX: PYX | LSE: PYX), recognized as the world’s third-largest publicly listed zircon producer based on resources, has successfully completed its first shipment of ilmenite. The company announced the export of 1,040 tonnes of ilmenite, which contains 45% titanium dioxide (TiO2), to a client located in Zhanjiang, Guangdong Province, China. This…
PayPoint and Lloyds Bank seal expansion deal to boost SME growth
LONDON, UK: PayPoint Plc and Lloyds Bank announced a major partnership expansion, which will see Lloyds Bank Cardnet become the main card acquiring partner across the PayPoint Group’s extensive network of over 60,000 SME and retailer partners. The expanded partnership, going into pilot in Q2 FY24/25, with a full launch expected in Q3 FY24/25 (subject…
Johnson Matthey to sell Medical Device Components business to Montagu for $700 million
LONDON, UK: Johnson Matthey Plc (JM) has signed a definitive agreement to sell 100% of its Medical Device Components business (MDC) to Montagu Private Equity for cash consideration of US$700 million (£550 million) on a cash free debt free basis. The Medical Device Components business produces components for medical device manufacturers globally with a focus…
Diageo to appoint Sir John Manzoni as Chair
LONDON, UK: Diageo today announced that current non-executive director Sir John Manzoni will be appointed Chair of the Board on or around 5 February 2025 when current Chair Javier Ferrán retires from the Board. Sir John Manzoni joined the Diageo Board in October 2020, having been Chief Executive of the UK Civil Service from 2014…
A. Sungailienė appointed as the new CEO of AB Ignitis Gamyba
LONDON: Asta Sungailienė has been appointed as the new CEO of AB “Ignitis gamyba” (hereinafter – the Company), a subsidiary of AB “Ignitis grupė” (hereinafter – the Group). Her five-year term starts on 27 March. She will replace the previous CEO, Rimgaudas Kalvaitis, at the end of his term. The CEO-elect of the Company is…