LONDON: Close Brothers Group plc has reached an agreement to sell Close Brewery Rentals Limited (CBRL) to MML Keystone, a fund managed by MML Capital. The transaction is expected to complete in the 2025 calendar year. The sale aligns with the group’s strategic priorities to simplify our portfolio, improve operational efficiency and drive sustainable growth….
Category: London Stock Exchange
News and updates from London Stock Exchange
Dalata Hotel Group accepts €1.4 billion cash offer from Pandox Consortium
LONDON: Dalata Hotel Group has agreed to a €1.4 billion cash offer from a newly formed consortium led by Pandox AB and Eiendomsspar AS, marking the successful conclusion of Dalata’s strategic review announced in March. Under the terms of the deal, Pandox Ireland Tuck Limited, a wholly owned bid vehicle jointly held by Pandox and…
NatWest to exit Permanent TSB stake through institutional placing
LONDON: NatWest Group plc on Monday said it plans to sell its entire stake in Permanent TSB Group Holdings PLC via a placing to institutional investors, marking its full exit from the Irish lender. The placing, launched immediately following the announcement, will be conducted through NatWest’s wholly owned subsidiary RBS AA Holdings (UK) Limited. It…
Kazatomprom, SEAS sign MoU to boost nuclear energy cooperation
ASTANA: National Atomic Company Kazatomprom JSC announced Monday it has signed a Memorandum of Understanding with Slovenské elektrárne a.s. (SEAS), Slovakia’s largest electricity producer, to explore long-term cooperation in the nuclear energy sector. The agreement marks the first formal collaboration between the two companies and outlines plans for potential supply of natural uranium concentrate and…
First Class Metals, Valereum Ink MOU to Explore Tokenisation of Mineral Projects
LONDON: First Class Metals, a UK-listed mineral exploration company focused on Ontario, Canada, said Monday it has entered into a non-binding memorandum of understanding with Valereum Plc, a digital asset infrastructure firm listed on the Aquis Stock Exchange. Under the agreement, the companies will assess the feasibility of applying regulated tokenisation to fund exploration and…
Wizz Air to exit Abu Dhabi operations amid strategic shift to core European markets
LONDON: Wizz Air Holdings PLC announced Monday it will suspend all Wizz Air Abu Dhabi operations effective Sept. 1, 2025, as part of a strategic realignment aimed at reinforcing its presence in Central and Eastern Europe and select Western European markets. The decision follows a comprehensive reassessment of regional market dynamics, operational constraints, and geopolitical…
Supermarket Income REIT acquires Tesco omnichannel supermarket in £54.1 million deal
LONDON: Supermarket Income REIT plc (LSE: SUPR) said Monday it has acquired a top-performing Tesco supermarket in Ashford, Kent, for £54.1 million, excluding acquisition costs. The deal reflects a net initial yield of 7.0%. The 93,000-square-foot store includes a petrol filling station and sits on an 8.2-acre site. Tesco has traded from the location for…
PPHC to acquire Texas-based Pine Cove Capital for up to $13 million
LONDON: Public Policy Holding Company, Inc. (AIM: PPHC) announced Thursday it has entered into a binding agreement to acquire Pine Cove Capital, LLC, a premier Texas-based strategic consulting firm, for an initial consideration of $3 million and a total potential value of $13 million. The acquisition, expected to close in August, is anticipated to be…
Saga Money, NatWest Boxed partners to expand savings products for over-50s
LONDON: Saga Money on Monday announced a seven-year partnership with NatWest Boxed, the banking-as-a-service arm of NatWest Group, to launch a new suite of savings products aimed at consumers over the age of 50. The collaboration, first flagged in Saga’s June trading update, will enable the company to expand its financial services offering, starting with…
DCC plc to sell UK and Ireland info tech business to AURELIUS for £100 million
LONDON: DCC plc said Monday it has reached a definitive agreement to sell its UK and Ireland Info Tech business to AURELIUS, a global private equity investor, in a deal valuing the unit at approximately £100 million. The transaction, which is expected to close in the fourth quarter pending regulatory approvals, reflects a cash-free, debt-free…
ECO Animal Health reports robust FY2025 results amid global expansion
LONDON: ECO Animal Health Group plc (AIM: EAH), a fast-growing global animal health company, posted resilient financial results for the year ended 31 March 2025, underscoring the success of its regional growth strategy, disciplined cost control, and continued advancement of its proprietary R&D pipeline. Group sales reached £79.6 million, down from £89.4 million a year…
Satsuma Technology names Henry Elder CEO, Boosts bitcoin treasury holdings
LONDON: Tao Alpha PLC, soon to be renamed Satsuma Technology Plc, announced Monday that Henry Elder will assume the role of Chief Executive Officer and join the board as an executive director, pending final due diligence checks. Elder, formerly a Principal at UTXO Management, brings deep expertise in institutional Bitcoin strategy, having advised and invested…