LONDON, UK: Power Metal Resources PLC (AIM:POW), a metals exploration and development company, has sold its entire stake of 69.5 million shares in Kavango Resources plc (Kavango) for 0.8p per share, raising £556,000 in cash. Power Metal still holds 60 million warrants to buy new Kavango shares at a price of 4.25p or 5.5p, expiring…
Category: London Stock Exchange
News and updates from London Stock Exchange
GKN Aerospace and GE Aerospace sign new agreement to expand partnership
LONDON, UK: GKN Aerospace, a division of Melrose Industries PLC, has announced a new agreement with GE Aerospace, the global leader in aerospace engines, that will increase its participation in the GEnx programme and other GE engine platforms. The new agreement covers four areas: an expanded risk and revenue sharing partnership (RRSP) on the GEnx…
SDI Group acquires Peak Sensors Holdings for £2.4 million
LONDON, UK: SDI Group plc announced the acquisition of Peak Sensors Holdings Limited, a UK manufacturer of temperature sensors. Total consideration is forecast to be approximately £2.4 million. Peak Sensors is a leading UK manufacturer of temperature sensors, specialising in standard and bespoke thermocouples and resistance thermometers which are used in various industries, including glass,…
Pineapple Power Corporation to acquire Ilios Hydrogen Canada Limited
LONDON, UK: Pineapple Power Corporation has entered into a non-binding heads of terms to acquire 100% shares in Ilios Hydrogen Canada Limited, based in Vancouver, B.C., subject to legal, financial and other due diligence and entry into a legally binding sale and purchase agreement. Illios Hydrogen is a privately held, Canadian based, international developer of…
Roebuck Food Group announces acquisition of Moorhead & McGavin Ltd
LONDON, UK: Roebuck Food Group plc (AIM: RFG), a company specializing in food and agribusiness growth and innovation, has announced a conditional agreement to acquire the entire issued share capital of Moorhead & McGavin Ltd, a food and food ingredient distribution business based in Motherwell, UK. The acquisition, subject to a completion accounts adjustment mechanism,…
Currys Plc announces €200 million sale of Kotsovolos to PPC
LONDON, UK: Currys plc has officially confirmed an agreement to sell Dixons South East Europe A.E.V.E., the company responsible for Currys’ retail operations in Greece and Cyprus under the name Kotsovolos, to Public Power Corporation S.A. (PPC) for an enterprise value of €200 million (£175 million). This sale comes after a strategic review announced in…
Londonmetric Property Plc sells £24.5 million of assets
LONDON, UK: LondonMetric Property Plc announced the sale of four offices and two long income assets in separate transactions, for £24.5 million. Four non-core assets have been sold from the recently acquired CT Property Trust (“CTPT”) portfolio for £15.3 million, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT…
Soraya Benchikh appointed Chief Financial Officer and Executive Director at BAT plc
LONDON, UK: Soraya Benchikh has been appointed to the role of Chief Financial Officer and Executive Director and will join the BAT p.l.c. and Management Boards from 1 May 2024. She will succeed Javed Iqbal, who will continue to serve as interim Finance Director until 30 April 2024. Soraya has been President, Europe at Diageo…
e-therapeutics signs strategic collaboration with Arcturis Data Limited
LONDON, UK: e-therapeutics plc announced a strategic collaboration with Arcturis Data Limited, a UK data company with a high quality and enriched real-world data platform. The companies will integrate Arcturis’ Real-World Evidence (RWE), which utilises a platform comprised of high quality, clinically-rich real-world data, and analytical expertise derived from their unique access to anonymised patient…
Smith+Nephew appoints John Rogers as new CFO
LONDON, UK: Smith+Nephew, the global medical technology business listed on the LSE and NYSE, has announced that John Rogers will take over as Chief Financial Officer (CFO) from Anne-Françoise Nesmes. Rogers will join the company as CFO-designate on December 1, 2023, and will officially join the Board as CFO in early 2024. Anne-Françoise Nesmes, who…
Pyaterochka to take over Amba Stores
MOSCOW: X5 Group, a leading Russian food retailer, continues to expand its footprint in the Far East and announces the acquisition of stores operated by the Amba retail chain in the Khabarovsk Territory. The Pyaterochka retail chain has acquired long leases of 71 stores, measuring a total of 49,122 square metres of selling space. Pyaterochka…
Harry Hyman appointed Non-executive Chairman of Primary Health Properties
LONDON, UK: Primary Health Properties announced the appointment of Harry Hyman, Founder and Chief Executive Officer (“CEO”) of PHP, as Non-executive Chairman subject to shareholder approval at, and with effect from the conclusion of, its Annual General Meeting to be held on 24 April 2024. Harry will succeed Steven Owen who, as previously announced, will…