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…
Category: London Stock Exchange
News and updates from London Stock Exchange
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…
ImmuPharma reports positive financial and business update
LONDON: ImmuPharma PLC, a specialist drug discovery and development company, has announced a positive and comprehensive update on its financial situation and its portfolio of products. The company, which is listed on the London Stock Exchange’s AIM market, said it has enough funds for its immediate needs and does not plan to raise more equity…
Breedon Group acquires US concrete supplier BMC Enterprises for $300m
LONDON: Breedon Group plc, a leading construction materials group in Great Britain and Ireland, has announced the acquisition of BMC Enterprises Inc., a supplier of ready-mixed concrete, aggregates and building products based in St Louis, Missouri, for an enterprise value of $300m (£238.1m). The deal, which is expected to close by 7 March 2024, will…
HydrogenOne backs Sunfire GmbH’s EUR 500 million funding round
LONDON: HydrogenOne Capital Growth plc, a London-listed fund investing in clean hydrogen, has announced its participation in a EUR 500 million funding package for Sunfire GmbH, a leading electrolyzer manufacturer. The package includes a EUR 215 million Series E equity round, a EUR 100 million term loan from the European Investment Bank (EIB), and EUR…
CEVA Logistics withdraws bid for Wincanton after rival offer
LONDON: CEVA Logistics UK Rose Limited, a subsidiary of French shipping giant CMA CGM S.A., has decided to drop its bid for British logistics company Wincanton plc after a competing offer emerged. CEVA had agreed to buy Wincanton for £1.2 billion in cash in January, in a deal that would have created a leading logistics…
Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
LONDON, UK: Bank of Georgia Group PLC (BOGG), a leading banking and investment group in Georgia, announced on Monday that it has agreed to acquire 100% of Ameriabank CJSC, a leading universal bank in Armenia, for approximately $303.6 million in cash. The acquisition, which is subject to shareholder and regulatory approvals, will significantly enhance the…
Onfido in talks with US firm Entrust for potential sale
LONDON, UK: Onfido, a UK-based fintech company that provides identity verification solutions using artificial intelligence and machine learning, is in exclusive negotiations with Entrust, a US-based company that specializes in payments, identities and data security, for a possible acquisition. The deal, if finalized, would be the sixth exit for Augmentum Fintech, Europe’s leading publicly listed…