LONDON: DFI Retail Group Holdings Limited reported a 39% increase in underlying profit for the first half of 2025 on Tuesday and announced its first special dividend in 18 years, signaling confidence in its strategic overhaul. The pan-Asian retailer said underlying profit attributable to shareholders rose to $105 million for the six months ended June…
Category: London Stock Exchange
News and updates from London Stock Exchange
The Works delivers profit surge in FY25 amid strategic overhaul
LONDON: TheWorks.co.uk plc, a U.K. retailer specializing in affordable, screen-free activities, posted stronger earnings and rising profit margins for the fiscal year ended May 4, 2025, aided by the successful rollout of its new strategic plan. Total revenue declined 2% to £277 million, impacted by the prior year’s additional trading week, but the company’s store-led…
Centrica commits £1.3 billion to Sizewell C nuclear project in landmark energy investment
LONDON: Centrica plc has announced a £1.3 billion investment for a 15% equity stake in Sizewell C, a new nuclear power station in Suffolk expected to power six million UK homes. The acquisition positions Centrica alongside HM Government, La Caisse, EDF, and Amber Infrastructure Group, marking one of the largest clean energy investments in a…
ME Group reports record H1 2025 profits driven by laundry expansion and cost discipline
LONDON: ME Group International plc (LSE: MEGP), the instant-service equipment provider, posted record first-half profits for the six months ended April 30, 2025, fueled by strong growth in its laundry segment and disciplined cost management. Group revenue rose 2.3% year-over-year to £153.8 million (up 4.7% at constant currency), while EBITDA climbed 3.9% to £53.2 million….
Diaceutics Plc reports 22% H1 revenue growth; Boosts recurring income
LONDON: Diaceutics PLC (AIM: DXRX), a technology provider for pharmaceutical and biotech companies, announced strong first-half revenue growth driven by increased demand for its precision medicine commercialization services. Revenue rose 22% on a constant currency basis to £14.6 million ($18.9 million) in H1 2025, marking a three-year compound annual growth rate of 25%. Recurring revenue…
Kier Group CEO Andrew Davies to retire; Stuart Togwell named successor
LONDON: Kier Group plc announced Tuesday that Chief Executive Andrew Davies will retire and step down from the board on Oct. 31. Stuart Togwell, currently executive director and group managing director of construction, will succeed him on Nov. 1. Davies, who joined Kier in 2019, is credited with steering the infrastructure services and construction group…
Inchcape Plc to acquire Iceland’s leading automotive distributor Askja
LONDON: Inchcape plc, the global automotive distribution group, said Tuesday it has agreed to acquire Askja, Iceland’s leading automotive distributor, marking its entry into a new regional market. The deal includes Askja and affiliated businesses, and is expected to close in the third quarter of 2025, pending customary conditions and regulatory approval. Inchcape said the…
Compass Group to acquire premium european food services firm Vermaat Groep for €1.5 billion
LONDON: Compass Group PLC (LSE: CPG), a global leader in food services, said Tuesday it has agreed to acquire Netherlands-based Vermaat Groep B.V. for an enterprise value of approximately €1.5 billion, expanding its premium food offerings across Europe. Vermaat is a multi-sector operator known for its customized on-site food concepts and consumer-oriented retail services. With…
Jon Clarke appointed CEO of Crimson Tide plc
LONDON: Crimson Tide plc (AIM: TIDE), the provider of the process management platform mpro5, has named Jon Clarke as Chief Executive Officer, effective immediately. Clarke had served as Interim Chief Operating Officer of the company since October 2024. His appointment finalizes board-level changes at Crimson Tide as the firm looks to expand its market presence….
AstraZeneca plans to invest $50 billion in America for medicines manufacturing and R&D
LONDON: AstraZeneca today announced $50 billion of investment in the United States by 2030, building on America’s global leadership in medicines manufacturing and R&D. This investment is expected to create tens of thousands of new, highly skilled direct and indirect jobs across the country powering growth and delivering next generation medicines for patients in America…
Anexo Group receives unconditional takeover offer from DBAY-led consortium
LONDON: Alabama Bidco Limited (“Bidco”), a new entity jointly controlled by funds managed by DBAY Advisors Limited and Anexo founders Alan Sellers and Samantha Moss, has made an unconditional recommended cash-and-loan-notes offer for all outstanding shares of legal services provider Anexo Group plc (AIM: ANX). The offer values Anexo at approximately £70.79 million. Bidco already…
Apax Partners backed bidco proposes €916.5 million acquisition of Apax Global Alpha
LONDON: The boards of Janus Bidco Limited (“Bidco”) and Apax Global Alpha Limited (“AGA”) (LSE: AGA) announced Monday a recommended cash acquisition of the entire issued share capital of AGA by Bidco. The deal values the Guernsey-based investment trust at approximately €916.5 million (approximately £794.5 million). Bidco, a newly formed Guernsey company indirectly owned by…