LONDON: Pennon Group (LSE:PNN) announced Friday that Chief Executive Officer Susan Davy will retire from her position and the board after more than 18 years with the company and nearly three decades in the water sector. Davy has served as CEO since July 31, 2020, following her tenure as Chief Financial Officer beginning in 2015….
Category: London Stock Exchange
News and updates from London Stock Exchange
Polar Capital Technology Trust posts modest NAV growth amid volatile fiscal year
LONDON: Polar Capital Technology Trust PLC (PCT.L) reported a 3.1% rise in net asset value (NAV) per share to 325.20 pence for the financial year ending April 30, 2025, up from 315.41 pence a year earlier. The trust’s total net assets reached £3.80 billion, reflecting resilience despite geopolitical turbulence and sharp market swings driven by…
Metir narrows CY24 loss to £1.81 million amid strategic overhaul
LONDON: Metir plc (AIM: MET), a global provider of mobile and point-of-use water and environmental testing technologies, reported a 53% year-over-year decline in revenue to £0.23 million for the year ended December 31, 2024, as the company implemented a transformative reset that included restructuring, product integration, and acquisition activity. Operating loss narrowed to £1.81 million…
WPP plc has appointed Cindy Rose as Chief Executive Officer
LONDON: WPP plc (LSE/NYSE: WPP) today announces that Cindy Rose has been appointed as Chief Executive Officer (CEO) of the Company, effective 1 September 2025. Cindy succeeds Mark Read who will step down as CEO on the same date. Mark will continue to work with Cindy to support the transition until the end of the…
Jupiter Fund Management to acquire CCLA Investment Management in £100 million deal
LONDON: Jupiter Fund Management plc announced Tuesday it will acquire CCLA Investment Management Limited for £100 million, marking a major expansion into the UK non-profit asset management sector. The deal, subject to regulatory approval, positions Jupiter to broaden its domestic footprint by integrating CCLA’s £151 billion in assets under management and deep relationships with charities,…
Jet2 reports record revenue and profit growth in FY2025, Boosts dividend and launches share buyback
LEEDS: Jet2 plc, the UK-based leisure travel group, reported strong financial results for the year ended March 31, 2025, driven by increased passenger volumes, strategic expansion, and robust demand for holiday travel. The company posted a 15% year-over-year increase in revenue to £7.17 billion, while profit before taxation rose 12% to £593.2 million. Operating profit…
Oscillate Plc enters agreement to acquire copper exploration licences in Botswana
LONDON: Oscillate PLC announced Wednesday it has signed a non-binding Heads of Terms agreement with Kalahari Copper Ltd. to acquire a suite of copper and silver exploration licences in Botswana’s Kalahari Copper Belt, marking a significant step in the company’s strategic metals expansion. The proposed acquisition, to be finalized through a share purchase agreement, would…
everplay Group acquires Hammerwatch franchise and publishing rights for two titles
LONDON: everplay Group plc, a leading global independent games developer and publisher, reported strong trading results for the first half of 2025, driven by successful new releases and continued performance from its back catalogue. The company highlighted the positive reception of its recently launched title, Date Everything!, which has delivered strong sales, high concurrent user…
Saint-Gobain to sell prefabrication specialist Brüggemann to Germany’s Köster Group
PARIS: Saint-Gobain has entered into a definitive agreement to sell its prefabricated construction subsidiary Brüggemann to German construction firm Köster Group, the French building materials giant announced Tuesday. Brüggemann, which specializes in the production and installation of prefabricated solutions, operates a single plant in Neuenkirchen, North Rhine-Westphalia. The company employs approximately 190 people and reported…
HgCapital Trust invests £48 million in cybersecurity compliance leader A-LIGN to fuel global expansion
LONDON: HgCapital Trust plc (LSE: HGT), a London-listed private equity investment trust, has announced a £48 million investment in A-LIGN, a Tampa-based cybersecurity compliance firm, as part of a broader strategic acquisition by Hg, a leading investor in software and services businesses. The transaction, funded through the Hg Genesis Fund alongside other institutional clients, marks…
Schroder British Opportunities Trust invests in UK insurance broker JMG Group
LONDON: Schroder British Opportunities Trust plc (SBO) has announced a new private equity investment in JMG Group, one of the United Kingdom’s fastest-growing insurance brokerages. The investment is being made through Synova, a long-standing private equity partner of Schroders Capital and the majority shareholder in JMG since 2020. Founded and headquartered in the UK, JMG…
Optima Health reports strong FY25 results, eyes growth in FY26
LONDON: Optima Health Plc (AIM: OPT), a leading UK provider of technology-enabled corporate health and wellbeing solutions, reported strong preliminary unaudited results for the fiscal year ended March 31, 2025, highlighting strategic progress, international expansion, and a robust financial position. The company posted group revenue of £105 million, compared to £110.9 million in FY24, reflecting…