LONDON, UK: Reckitt Benckiser Group plc (Reckitt), a leading consumer health and hygiene company, has announced that its Chair, Chris Sinclair, will retire and step down from the Board after completing his full nine-year term. Sinclair will be succeeded by Sir Jeremy Darroch, the current Senior Independent Non-Executive Director, at the end of the Company’s…
Category: London Stock Exchange
News and updates from London Stock Exchange
Insig AI offloads subsidiaries, Sport in Schools and The Elms Group
LONDON, UK: Insig AI plc (AIM: INSG), the data science and machine learning group, announced the disposal of its legacy subsidiaries, Sport in Schools Limited and The Elms Group Limited for a total consideration of £500,000, as well as a new project win. On 14 November 2023, the company’s 85.87% owned subsidiary, Pantheon Leisure plc,…
Apax Global Alpha makes investment in Petvisor
LONDON, UK: Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it has invested approximately €3.2m in Petvisor on a look-through basis. On 14th November 2023, the Apax Digital Fund II (“ADF II”), in which AGA is a limited partner, announced that it had invested in…
Schroders Capital makes investment in AI company
LONDON, UK: Schroders Capital Global Innovation Trust has made an investment of $2.0 million (£1.7 million) into an early leader in an emerging segment of artificial intelligence (AI) software. The Company invested through its co-investment partner, MMC Ventures, via a single asset fund, MMC SPV 3 LP. Tim Creed, Lead Portfolio Manager, and Harry Raikes,…
Watkin Jones Plc appoints as Alex Pease as Chief Executive Officer
LONDON, UK: Watkin Jones announced the appointment of Alex Pease as Chief Executive Officer (CEO’ with immediate effect. Alex Pease joined Watkin Jones in 2010 and took on the role of Group Investment Director in 2013. He was appointed Chief Investment Officer in 2021 and joined the Board in 2022. Since 19 July 2023, Alex…
DCC Energy has agreed to acquire Progas GmbH for €160 million
LONDON, UK: DCC plc announced that DCC Energy has agreed to acquire Progas GmbH, a leading distributor of LPG in Germany, subject to customary regulatory approval. The acquisition is based on an enterprise value of approximately €160 million (£140 million) on a cash-free, debt-free basis and the consideration will be settled in cash on completion,…
Tekmar Group acquires minority interest in Ryder Geotechnical Limited
LONDON, UK: Tekmar Group plc (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announced that AgileTek Engineering Limited has entered into an agreement to acquire the remaining shares of Ryder Geotechnical Limited not already owned by it. AgileTek Engineering is a wholly owned subsidiary of the Tekmar Group….
Fintel Plc acquires two fintech firms to expand its services and ratings
LONDON, UK: Fintel Plc, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of two fintech firms, VouchedFor and AKG, to broaden its services and ratings for the advice market. VouchedFor is a leading review site for financial advisers, mortgage advisers, solicitors and accountants, serving…
JPMorgan UK Smaller Companies Investment Trust to merge with JPMorgan Mid Cap Investment Trust
LONDON, UK: JPMorgan UK Smaller Companies Investment Trust plc (JMI) has announced that it has agreed to combine with JPMorgan Mid Cap Investment Trust plc (JMF) in a deal that will create a larger and more diversified fund focused on UK smaller companies, a statement noted. The deal will be implemented by a scheme of…
Jadestone Energy acquires additional interest in the CWLH oil fields
SINGAPORE: Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, has executed a sale and purchase agreement with Japan Australia LNG (MIMI) Pty Ltd to acquire the Seller’s non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia, for a total…
Glencore plc to acquire 77% interest in Teck’s Elk Valley Resources for US$6.93 bn
LONDON, UK: Glencore plc has entered into a binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources (EVR), for US$6.93 bn in cash, on a cash free debt free basis, subject to a normalised level of working capital. Concurrently,…
LEBC Holdings agrees to sell Aspira Corporate Solutions to Titan Wealth
LONDON, UK: LEBC Holdings Limited (LEBC) has entered into a conditional agreement to sell Aspira Corporate Solutions Limited (Aspira), a wholly-owned subsidiary, to Titan Wealth Holdings Limited, a deal that signifies a pivotal move in their business trajectory. B.P. Marsh’s investment in LEBC, initiated in 2007, centered around LEBC Group Limited, an independent financial advisory…