LONDON: Valterra Platinum Ltd. reported a 46% drop in EBITDA to R6.6 billion for the six months ended June 30, reflecting lower PGM sales volumes and one-off demerger costs, the company said Monday. Despite two fatalities at Unki and Dishaba mines during the first half, CEO Craig Miller reaffirmed safety as a top priority and…
Category: London Stock Exchange
News and updates from London Stock Exchange
Avacta Therapeutics announces agreement to sell Coris Bioconcept SRL
LONDON: Avacta Therapeutics (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs, today announced the sale of Coris Bioconcept SRL to 3B BlackBio Dx Ltd for an upfront cash consideration of £2.15 million (including net cash & customary working capital adjustments) with an additional earn-out based on future business performance of up to…
RTC Group posts steady interim profit as cash flow surges in first half
DERBY: Engineering and technical recruitment firm RTC Group Plc (AIM: RTC.L) reported a resilient set of interim results for the six months ended June 30, 2025, maintaining profit from operations at £1.3 million while delivering a sharp rise in operating cash flow. Group revenue from continuing operations stood at £48.3 million, slightly below £49.0 million…
Science Group soars on Ricardo windfall; Posts record H1 profit
CAMBRIDGE: Science Group plc (AIM: SAG) reported a dramatic surge in first-half profit, fueled primarily by a highly profitable strategic investment, alongside resilient underlying operations despite economic volatility. Key Highlights (H1 2025 vs H1 2024): Operational Performance: While the exceptional Ricardo gain dominated the headline profit, underlying trading showed resilience. Revenue growth was led by…
Velociti powers 70% IRR for Literacy Capital in premium exit deal
LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…
FirstGroup has acquired Tetley’s Coaches
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…
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…