LONDON: TruFin announced that Satago, a leading provider of invoice financing and Lending as a Service software solutions, has partnered with Bank of Ireland Finance to allow small and medium-sized enterprises (SMEs) in Ireland, for the first time, to seek Invoice Finance via Sage Accounting and Sage50 accounting software.Powered by Satago, Sage customers in Ireland…
Category: London Stock Exchange
News and updates from London Stock Exchange
TRIG sells UK onshore wind farms for £51 million
LONDON: TRIG, a London-listed investment company advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems (RES) as Operations Manager, has sold two UK onshore wind farms. TRIG announced the sale of its 100% equity interests in Forss and Little Raith onshore wind farms in the UK for a total consideration of £51…
Aston Martin appoints Adrian Hallmark as its new Chief Executive Officer
LONDON: The Board of Aston Martin today announced the appointment of ultra-luxury automotive leader Adrian Hallmark, who will join Aston Martin as an Executive Director of the Company and its Chief Executive Officer no later than 1 October 2024. Hallmark, aged 61, will join Aston Martin from his recent position as Chairman and Chief Executive…
S-Ventures secures £2 million in new loans amidst strategic financial maneuvers
LONDON, UK: In order to bolster its portfolio of natural, wellness, and food-tech brands, S-Ventures plc has announced securing new loans totaling £2 million. The investment company, known for nurturing promising brands, has obtained £1 million each from Riverfort Global Opportunities plc and Sherwood International Holdings Ltd, the latter being an existing shareholder. The 12-month…
James Fisher and Sons to sell RMSpumptools to ChampionX UK for £90 million
LONDON, UK: James Fisher and Sons plc (FSJ.L) has entered into an agreement for the sale of the entire issued share capital of RMSpumptools Limited (RMS) to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation for a total enterprise value of £90 million. It is in line with James Fisher’s strategy to simplify and…
Navigator Paper UK offers to acquire Accrol Group Holdings for £127.5 million
LONDON, UK: Navigator Paper UK Limited, a subsidiary of The Navigator Company has agreed to takeover Accrol Group Holdings plc in an all-cash transaction. The transaction is valued at approximately £127.5 million and will be executed via a Court-sanctioned scheme of arrangement, with an alternative Takeover Offer as a reserved option. Accrol shareholders are set…
Substrate AI to raise €10 million for subsidiary Subgen AI at €200 million valuation
LONDON, UK: Substrate AI (SAI/SAI.B) has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities, to identify potential investors or partners for its subsidiary, the generative artificial intelligence company Subgen AI Ltd and raise at least €10 million. The agreement valued Subgen AI at €200 million and the investment round will be…
Blue Star Capital reports significant loss amidst investment write-downs
LONDON, UK: Blue Star Capital plc (AIM: BLU), a prominent investment firm specializing in esports, technology, and related media and gaming sectors, has disclosed its annual financial results for the year concluding on September 30, 2023. The company reported a substantial pretax loss of £6,329,473, a stark increase from the previous year’s £1,301,008. The considerable…
FirstGroup wins London cable car contract
LONDON: FirstGroup plc has been awarded the contract by Transport for London (TfL) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames. The contract will commence on 28 June 2024 and has an initial core five-year term with…
En+ Group reports net profit plummeted 61.2% to $716 million in 2023
LONDON: En+ Group IPJSC, a leading global producer of aluminium and power, has released its financial and operational results for the fiscal year 2023, revealing a challenging economic landscape marked by geopolitical tensions and market volatility. Despite a significant drop in aluminium prices and a rapid rise in the dollar exchange rate, En+ managed to…
Esken Limited enters administration amid restructuring challenges
LONDON: Esken Limited has announced the suspension of its restructuring plan, citing commercial non-viability and legal complexities under Guernsey law. The company, which had been exploring restructuring options, has identified an unacceptable level of risk associated with the court process required to implement the proposed plan. The board, after a thorough review of Esken’s financial…
Aquis Exchange plc reports 13% increase in basic earnings per share during 2023
LONDON, UK: Aquis Exchange PLC (AQX.L), a pioneering force in the development of next-generation financial markets, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a commendable increase in net revenue and profits, attributing its success to a diversified portfolio and strategic market expansions. Financial Performance…