LONDON: FirstGroup plc has acquired Tetley’s Motor Services Limited (`Tetley’s Coaches’), a Leeds-based coach and bus operator that has been in operation for over 75 years. Tetley’s Coaches operates from a large depot which it owns in Central Leeds, adjacent to the Group’s existing First Bus Hunslet Park depot. It has a fleet of 55…
Category: London Stock Exchange
News and updates from London Stock Exchange
GSK, China’s Hengrui Pharma ink $500m deal to co-develop 12 innovative medicines
LONDON: GSK plc announced Monday that it has entered into agreements with China-based Hengrui Pharma to co-develop up to 12 innovative medicines spanning respiratory, immunology, inflammation and oncology indications, marking a major expansion of the British pharmaceutical giant’s pipeline beyond 2031. The collaboration includes an exclusive license for HRS-9821, a potential best-in-class PDE3/4 inhibitor in…
Ocean Wilsons and Hansa Investment Company finalize £900 million all-share combination deal
LONDON: Ocean Wilsons Holdings Limited and Hansa Investment Company Limited have formally agreed to an all-share merger that will see Hansa acquire the entire issued and to-be-issued share capital of Ocean Wilsons through a court-sanctioned scheme under Section 99 of the Bermuda Companies Act. The transaction marks a significant moment in both firms’ histories and…
NatWest Markets group reports strong H1 2025 results amid market volatility
LONDON: NatWest Markets Group (NWM Group) delivered solid financial results for the first half of 2025, reporting a profit of £89 million—up from £83 million in the same period last year. The performance came despite navigating a turbulent geopolitical environment and volatile currency markets. Total income rose to £762 million, an increase of £112 million…
John Wood sells RWG joint venture stake to Siemens Energy for $135 million
LONDON: John Wood Group PLC on Friday said it has agreed to divest its 50 percent interest in RWG (Repair & Overhauls) Limited to Siemens Energy Global GmbH & Co. KG for $135 million in cash, marking another key step in Wood’s disposal program aimed at streamlining its portfolio and reducing net debt. The transaction,…
Metals One eyes expansion with U.S. uranium project acquisition
LONDON: Metals One Plc (AIM: MET1) said Friday it has secured exclusive rights to acquire a 75% stake in two U.S.-based companies holding uranium and vanadium claims in Utah and Colorado, expanding its strategic footprint in America’s critical minerals sector. The claims—Vanadium King, Radium Mountain, and Wedding Bell—are located in the Uravan Mining Belt and…
NatWest Group reports £1.85 billion profit for H1 2025, driven by stronger income and stable costs
LONDON: NatWest Bank Group (NWB Group) on Friday reported an attributable profit of £1.85 billion for the first half of 2025, as income rose and operating costs remained stable. The group’s Common Equity Tier 1 (CET1) ratio stood at 11.3% for NWB Plc, down slightly from year-end 2024. Total income surged 8% year-over-year to £6.36…
Taylor Maritime posts wider annual loss amid vessel revaluations and softening freight market
LONDON: Taylor Maritime Limited reported a full-year loss of $78.6 million for the financial year ended 31 March 2025, widening from $53.5 million a year earlier, as weaker market sentiment and falling vessel values weighed on performance. The Hong Kong-headquartered dry bulk shipping firm said asset revaluations accounted for $113.0 million in losses, reflecting a…
Close Brothers Group to sell Winterflood Securities to Marex Group for £103.9 million in cash
LONDON: Close Brothers Group has agreed to sell its execution services and securities business, Winterflood Securities to Marex Group plc for a consideration amount of approximately £103.9 million in cash. The Transaction is aligned with the group’s strategic priorities to simplify the portfolio, enhance operational efficiency and drive sustainable growth. As previously outlined, Close Brothers is actively…
Victoria PLC reports FY2025 results, targets margin recovery in FY2026
LONDON: Victoria PLC (AIM: VCP), the international flooring group, today announced audited results for the year ended 29 March 2025, with revenue and earnings broadly in line with market expectations. The company also confirmed the refinancing of its Super Senior Revolving Credit Facility (SSRCF) and 2026 Senior Secured Notes, extending maturities to 2029. FY2025 Financial…
Severfield reports FY25 loss but confirms stable outlook amid market pressures
LONDON: Severfield Plc, the UK’s leading structural steel group, posted a pretax loss of £17.5 million for the year ended 29 March 2025, reversing a profit of £23 million a year earlier, as subdued market conditions and bridge remediation costs weighed on performance. Full-year revenue dipped 3% to £450.9 million, while underlying operating profit plunged…
Airtel Africa posts robust Q1 growth on soaring data, mobile money demand
LONDON: Airtel Africa plc reported a 9% jump in its customer base to 169.4 million for the quarter ended 30 June 2025, driven by double-digit gains in data and mobile money services across its markets. Data customers grew 17.4% to 75.6 million, with 45.9% smartphone penetration fueling a 47.4% surge in data usage. Data ARPU…