LONDON, UK: Real Good Food plc, (AIM: RGD), the food manufacturing business specialising in cake decoration, has sold the business and certain assets of Rainbow Dust Colours (RDC) to European Fermentation Products Limited for a total cash consideration of £800,000. The disposal provides JF Renshaw cash to help fund its working capital during the busy…
Category: London Stock Exchange
News and updates from London Stock Exchange
Hill & Smith plc acquires United Fiberglass of America for $14 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, today announced the acquisition of United Fiberglass of America Inc. Hill & Smith plc has completed the acquisition of the business and assets of United Fiberglass from a charitable foundation. The management team will be staying with the business. The…
Justin Platt appointed Marston’s PLC CEO, as Andrew Andrea steps down
LONDON, UK: Marston’s PLC today announced that Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board wishes to take this opportunity to express its gratitude…
H.I.G. Capital reaches agreement to acquire DX Group for £314.8 million
LONDON, UK: Transit Bidco Limited, an indirectly wholly-owned subsidiary of funds advised or managed by H.I.G. Capital LLC reached agreement on the terms of a recommended cash acquisition to acquire DX Capital Group, according to a notice. Under the terms, each DX shareholders will be entitled to receive 48.5 pence/share valuing DX’s entire issued and…
Karoon Energy to acquire 30% interest in Who Dat and Dome Patrol fields for $720mn
SYDNEY, AUSTRALIA: Karoon Energy Limited has entered into binding arrangements to acquire a 30% interest in the Who Dat and Dome Patrol fields and associated infrastructure, including the Who Dat Floating Production System (FPS), plus a 16% interest in the Abilene field, from LLOG Exploration Offshore, L.L.C. and LLOG Omega Holdings, L.L.C. (collectively, LLOG). In…
Andrada Mining secures $25 million funding package from Orion
LONDON, UK: Andrada Mining Limited, a metals and mining company with operations in Namibia, has announced the receipt of USD 25 million from Orion Resource Partners, a global resource funding partner. The funding package consists of a tin royalty, an equity subscription, and a convertible loan note, as well as warrants to acquire shares in…
Martin Murphy to step down as Chair of Syncona Investment Management Limited
LONDON, UK: Syncona Ltd announced that Martin Murphy is stepping down as Chair of Syncona Investment Management Limited (SIML) with Chris Hollowood taking on the role of Interim Chair and Chief Executive Officer (CEO) of SIML. Martin will continue to represent Syncona on the Boards of Autolus, Anaveon and Clade. Martin co-founded Syncona with the…
Mirriad signs agreement with a top three entertainment network in the US
LONDON, UK: Mirriad Advertising Plc, the leading in-content advertising company, has entered a master license and services agreement with one of the world’s leading multinational mass media entertainment companies to employ its platform to identify virtual product placement opportunities and introduce in-content advertising into the Partner Company’s content. The Agreement brings Mirriad’s AI-powered virtual in-content…
CBA to sell 99% shareholding in PT Bank Commonwealth for A$220m
SYDNEY, AUSTRALIA: Commonwealth Bank of Australia (CBA) it has entered into a binding agreement to sell its 99% shareholding in its Indonesian banking subsidiary, PT Bank Commonwealth (PTBC), to PT Bank OCBC NISP Tbk (OCBC Indonesia), a subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC) for an upfront cash consideration of approximately A$220m. CBA has been…
Ofwat launches investigation into South East Water’s supply resilience
LONDON, UK: Ofwat has opened an enforcement case into South East Water to investigate whether it has failed to develop and maintain an efficient water supply system. This announcement follows the regulator calling in the Board of South East Water before Ofwat’s Chair and Chief Executive to explain its performance over the last 18 months. …
Wheaton Precious Metals expands portfolio with $530 million stream acquisitions
LONDON, UK: Wheaton Precious Metals and its wholly-owned subsidiary, Wheaton Precious Metals International have finalized a definitive agreement with entities advised by Orion Resource Partners to acquire existing streams related to Ivanhoe Mines’ Platreef Project and BMC Minerals’ Kudz Ze Kayah Project. Additionally, Wheaton International has entered into a new precious metals purchase agreement for…
Silver Bullet Data Services Group launches AI powered insights platform
LONDON: Silverbullet, a provider of digital transformation services and products, announced the launch of its 4D AI Powered Insights Platform based on the accumulated knowledge and client feedback from more than 100 campaigns in FY23. The 4D AI Insights Platform leverages AI models to combine proprietary 4D contextual intelligence with client first party data to…