LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…
Category: London Stock Exchange
News and updates from London Stock Exchange
Vaultz Capital appoints Aleksander Nowak as chief operating officer
LONDON: Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, has appointed Aleksander (“Aleks”) Nowak as Chief Operating Officer (COO), effective immediately. The role is non-Board. Nowak will oversee core business functions and drive operational efficiency, aligning the company’s strategic objectives with its daily execution. His appointment comes as Vaultz Capital accelerates its growth trajectory…
Active Energy Group signs heads of terms for 150mw battery storage project in Wales
LONDON: Active Energy Group has signed Heads of Terms with Fonmon Castle Ltd to develop a 150-megawatt Battery Energy Storage System (BESS) in the Vale of Glamorgan, marking a strategic advance in the company’s renewable energy ambitions. Under the agreement, Fonmon Castle Ltd will lease approximately 10 acres of land for 30 years to facilitate…
ABF to acquire Hovis Group, following review of strategic options for Allied Bakeries
LONDON: As stated at the interim results, Associated British Foods plc (“ABF”) has been evaluating a range of strategic options for Allied Bakeries, its UK bakery business. Profitability at Allied Bakeries has been increasingly challenged in recent years by a decline in demand for pre-sliced, packaged bread and a loss of scale in Allied Bakeries’…
MHA Plc reports 45% revenue surge ahead of AIM IPO, eyes international expansion
LONDON: MHA plc (AIM: MHA), a leading provider of audit, tax, and advisory services, reported a 45% jump in full-year revenue to £224.2 million for the year ended March 31, 2025, marking a pivotal year capped by its successful IPO on the London Stock Exchange’s AIM market. Adjusted EBITDA rose 32% to approximately £41.1 million,…
Secure Trust Bank posts 36% rise in adjusted H1 profit, pivots from vehicle finance
LONDON: Secure Trust Bank PLC (STB.L), a UK-based specialist lender, reported a 36.3% rise in adjusted pre-tax profit to £23.3 million for the six months ended June 30, 2025, driven by strong income growth and tighter cost controls. The Group’s statutory profit before tax rose 30.4% to £22.3 million, while net lending increased 6.1% to…
PensionBee Group reports 21% AUA growth, expands US footprint in H1 2025 interim results
LONDON: PensionBee Group plc reported strong interim results for the six months ended June 30, 2025, underscoring its continued growth in the UK and laying strategic foundations in the US retirement market. The online pension provider saw a 21% year-on-year increase in Assets Under Administration (AUA), reaching £6.3 billion, and a 14% rise in Invested…
Antofagasta Plc reports 60% surge in EBITDA, doubling underlying EPS in H1 2025
LONDON: Antofagasta plc reported a 60% year-on-year increase in EBITDA to $2.23 billion for the six months ended June 30, 2025, driven by higher copper production and materially lower costs. The EBITDA margin rose 12 percentage points to 58.8%, placing the Chilean miner among the top-tier global pure-play copper producers. CEO Iván Arriagada attributed the…
DP World posts strong H1 2025 results amid global trade disruptions
Cash generated from operations surged to $2.63 billion, up 25.6% from the prior year DUBAI: DP World reported robust financial results for the first half of 2025, with revenue rising 20.4% year-over-year to $11.24 billion and adjusted EBITDA climbing 21.4% to $3.03 billion, despite ongoing geopolitical tensions and supply chain disruptions. The global logistics giant…
CAB Payments reports interim results for H1 2025
LONDON: CAB Payments Holdings plc (CABP.L), a specialist in B2B foreign exchange and cross-border payments for hard-to-reach markets, reported modest growth and strategic progress in its interim results for the six months ended June 30, 2025, as the Group continues its transformation journey. Total income rose 3% to £51.8 million compared to H2 2024, driven…
National Grid to sell Grain LNG Terminal for £1.66 billion in strategic refocus
LONDON: National Grid plc (NG.L) said on Thursday it has agreed to sell its Grain LNG business to a consortium comprising Centrica plc and Energy Capital Partners LLC, part of Bridgepoint Group plc, for approximately £1.66 billion including a pre-completion dividend. The sale marks a further step in National Grid’s strategy to streamline operations and…
Unite Group to acquire Empiric Student Property Plc in £723 million deal
LONDON: The Unite Group PLC, the UK’s largest provider of purpose-built student accommodation (PBSA), has reached an agreement to acquire rival Empiric Student Property PLC for approximately £723 million in a cash and share deal. The acquisition, which is recommended by both companies’ boards, aims to create a combined portfolio valued at £10.5 billion and…