LONDON: Invinity Energy Systems plc (AIM: IES) (OTCQX: IESVF), a global leader in utility-grade energy storage, has signed a non-binding memorandum of understanding with Xiamen C&D Corporation Limited to explore the establishment of manufacturing facilities for vanadium flow batteries in Xiamen. The agreement, signed during the opening of the UK Government Pavilion at the 25th…
Category: London Stock Exchange
News and updates from London Stock Exchange
Roquefort Therapeutics to acquire Coiled Therapeutics in £30 million reverse takeover
LONDON: Roquefort Therapeutics plc (LSE:ROQ), a Main Market-listed biotech firm, said Monday it has entered into a binding term sheet to acquire Coiled Therapeutics, Inc., a clinical-stage oncology company spun out from A2A Pharmaceuticals, in a reverse takeover valued at £30 million. The deal, payable in shares, would give Roquefort full ownership of Coiled USA…
Guardian Metal Resources plans U.S. share offering, exchange listing in 2026
LONDON: Guardian Metal Resources PLC (LON: GMET), a tungsten exploration and development company, said Monday it plans to offer ordinary shares or American Depositary Receipts (ADRs) in the United States and pursue a listing on a U.S. securities exchange. The offering is expected to be completed in the first half of 2026, with proceeds earmarked…
Project Glow Topco Considers London IPO for Beauty Tech Group
LONDON: Project Glow Topco Limited, the holding company of The Beauty Tech Group Limited, said Monday it is considering an initial public offering and plans to publish a registration document later today. The company is evaluating a potential listing of its ordinary shares on the equity shares (commercial companies) category of the Financial Conduct Authority’s…
Metals One acquires strategic stake in Evolution Energy Minerals
LONDON: Metals One Plc (AIM: MET1), a critical and precious metals exploration company, said Friday it has acquired a 10.45% stake in Evolution Energy Minerals Ltd (ASX: EV1) and agreed to underwrite part of Evolution’s A$1.45 million Rights Issue. The investment provides Metals One exposure to Evolution’s Chilalo Graphite Project in Tanzania, a development-ready asset…
Tullow Oil plc appoints Ian Perks as new CEO
LONDON: Tullow Oil plc (Tullow) announced the appointment of Ian Perks as Tullow’s new Chief Executive Officer (CEO). Ian will take up the role of CEO and join the Board on 15 September 2025. Following the appointment, Richard Miller, who is currently Chief Financial Officer (CFO) and Interim CEO, will return to his role as…
Power Metal acquires stake in Dubai-based blockchain mining platform Kingia FZCO, renamed as Minestarters
LONDON: Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), a London-listed natural resources exploration company, said on Thursday it has signed a binding investment agreement to acquire up to 49% of Dubai-based Kingia FZCO, which will be renamed Minestarters, for up to £3 million in cash. Minestarters plans to launch a blockchain-enabled decentralised finance (DeFi)…
Empire Metals reports strong interim results, highlights breakthrough titanium discovery at Pitfield
Company posted a net loss of £1.7 million for the period ended June 30, 2025 LONDON: Empire Metals Limited (LON:EEE; OTCQX:EPMLF) on Thursday reported its interim results for the six months ended June 30, 2025, spotlighting a series of milestones that position its Pitfield project as a globally significant titanium asset. Empire posted a net…
Grafton Group posts 9.5% profit growth in H1, eyes expansion in Iberia
Revenue rose 10.1% to £1.25 billion, supported by integration of Spanish distributor Salvador Escoda and acquisition of HSS Hire Ireland LONDON: Grafton Group plc reported a 9.5% rise in adjusted operating profit for the first half of 2025, driven by strong contributions from its Iberian operations and disciplined margin management, despite mixed market conditions across…
Jersey Oil & Gas halves costs, pushes forward with Buchan Field amid UK tax scrutiny
LONDON: Jersey Oil & Gas plc (JOG), an independent oil and gas company operating in the North Sea, announced its unaudited interim results for the first six months of 2025, highlighting a significant reduction in its operational costs and continued progress on its flagship Buchan redevelopment project. The company stated it has halved its annualized…
Tungsten West reports FY2025 results, highlights strategic progress at Hemerdon Mine
LONDON: Tungsten West Plc (LON:TUN) on Thursday released its audited financial results for the year ended March 31, 2025, underscoring significant operational and strategic milestones at its Hemerdon tungsten and tin project in Devon, UK. The Company published its Annual Report and Financial Statements on its website, detailing a robust Development and Economic Plan and…
Genus posts strong FY25 results, accelerates China JV and FDA milestone boosts profit
Adjusted profit before tax surged 24% to £74.3 million, driven by broad-based growth LONDON: Genus plc reported a robust financial performance for the year ended June 30, 2025, with adjusted profit before tax rising 24% to £74.3 million, driven by broad-based growth across its porcine and bovine genetics businesses and strategic progress in China. Adjusted…