LONDON: ITV Plc, the UK’s largest commercial broadcaster, announced its full year results for 2023, showing a robust financial performance despite a challenging advertising market. The company saw a 2% drop in total revenue and a 32% fall in adjusted EBITA, but also achieved record revenues in ITV Studios and 19% growth in digital revenues….
Category: London Stock Exchange
News and updates from London Stock Exchange
Permanent TSB Group reports strong profits and capital position for 2023
LONDON: Permanent TSB Group Holdings plc (PTSB), one of the leading retail banks in Ireland, announced its annual results for the year ended 31 December 2023, showing a significant improvement in its profitability, capital and market share. The bank reported an underlying profit before tax of €166 million, up from €45 million in 2022, and…
Aviva Plc reports 9% increase in operating profit to £1.46 billion in 2023
LONDON, UK: Aviva Plc, the UK’s largest insurer, announced its 2023 annual results on Thursday, showing a 9% increase in group operating profit to £1,467m and a 12% increase in solvency II operating own funds generation to £1,729m. The company also declared a final dividend of 22.3 pence per share, up 8% from the previous…
Duke Capital exits Fabrikat with 36% IRR and equity gain
LONDON, UK: Duke Capital Limited, a leading provider of hybrid capital solutions for SMEs, has announced the successful exit of its investment in Fabrikat, a UK manufacturer of street lighting columns and guard rails. The exit delivers an internal rate of return (IRR) of 36% for Duke, with the possibility of further gains from deferred…
Harbour Energy reports 2023 results
LONDON: Harbour Energy plc, an independent oil and gas company, today announced its results for the year ended 31 December 2023 and provided an update on its outlook and acquisition plans. Harbour financial highlights The company reported a production of 186 kboepd, within guidance, and operating costs of $16/boe, in line with guidance, for 2023….
Hansard Global reports 32% rise in profit amid higher fees and interest rates
LONDON, UK: Hansard Global plc, the specialist long-term savings provider, announced its results for the six months ended 31 December 2023, showing a 32% increase in profit before tax to £4.1m, compared to £3.1m in the same period last year. Hansard Global attributed the improved performance to higher fee income, especially from its international business,…
ORR approves new Grand Union Trains Services between London and Stirling
The latest access decision by the Office of Rail and Road (ORR) provides more services for rail passengers travelling between London and central Scotland. LONDON: ORR has given the go-ahead for Grand Union Trains, an open access operator, to start a new train service between London and the city of Stirling, from June 2025. ORR’s…
HSS Hire Group to sell ABird Limited and APEX Generators Limited for £23.25 million
LONDON, UK: HSS Hire Group has entered into an unconditional agreement to sell ABird Limited and APEX Generators Limited, the Group’s power solution providers, to CES Global for an enterprise value of £23.25 million. The cash proceeds from the disposal will further strengthen the Group’s balance sheet, a company announcement on London Stock Exchange noted….
Nationwide Building Society to buy Virgin Money for £2.9 billion in cash
LONDON, UK: Nationwide Building Society has agreed to acquire Virgin Money UK PLC for £2.9 billion in cash, in a deal that would create the UK’s second largest mortgage and savings provider. Virgin Money shareholders would receive 220 pence per share, including a dividend of 2 pence, which is a 38% premium to the market…
Spiritus Mundi signs terms to acquire InReste
LONDON: Spiritus Mundi plc (LSE:SPMU), the Special Purpose Acquisition Company (SPAC) seeking to acquire targets in Europe and Asia in the clinical diagnostics sector, has entered into a heads of terms to acquire the entire issued share capital of InReste Pte. Ltd. The proposed acquisition would constitute a reverse takeover under the UK Financial Conduct…
Braveheart Investment increases stake in Autins Group to 23.42%
LONDON: Braveheart Investment Group, a UK-based investment company, has increased its shareholding in Autins Group, a leading provider of acoustic and thermal solutions for the automotive sector and other industries. Braveheart announced that it has acquired an additional 4 million shares in Autins at an average price of 8 pence per share, for a total…
888 Holdings to explore options for US business amid low margins and high costs
LONDON: 888 Holdings, one of the world’s leading betting and gaming companies, has announced a strategic review of its US consumer-facing operations, which could lead to a sale or exit of the market. The company, which owns brands such as William Hill, 888 and Mr Green, said it would consider all potential alternatives that can…