LONDON: IntelliAM AI plc (AQSE: INT), a software company specializing in artificial intelligence and machine learning for manufacturing, has signed a formal agreement with U.S.-based Connection Technology Center Inc. (“CTC”) to co-develop advanced industrial sensing solutions, including dual-branded hardware. The collaboration integrates CTC’s sensory hardware with IntelliAM’s AI platform, enhancing real-time data analysis for asset…
Category: London Stock Exchange
News and updates from London Stock Exchange
Coro Energy, Threefold Energy forge battery storage partnership in Southeast Asia
LONDON: Coro Energy PLC, a renewable energy developer focused on Southeast Asia, has signed a memorandum of understanding with Threefold Energy Group Ltd to collaborate on advanced battery energy storage systems in commercial and industrial markets. The strategic partnership aims to deploy Threefold Energy’s proprietary Battery Energy Storage System (BESS) hardware and energy management platform…
Watches of Switzerland reports record revenue in FY25, driven by U.S. growth
LONDON: Watches of Switzerland Group PLC announced record revenue for fiscal year 2025, fueled by strong second-half performance and expansion in the U.S. luxury watch and jewelry markets. The company reported £1.65 billion ($2.11 billion) in revenue for the 52 weeks ended April 27, 2025, an 8% increase at constant currency compared to the previous year. The U.S. market…
Mkango Resources to merge with Crown PropTech Acquisitions, creating Nasdaq-listed rare earths giant
LONDON: Mkango Resources Ltd. (AIM/TSX-V: MKA) announced Thursday that its subsidiary, Lancaster Exploration Limited, soon to be renamed Mkango Rare Earths Limited, has entered into a definitive merger agreement with Crown PropTech Acquisitions (OTC: CPTKW), a special purpose acquisition company based in the Cayman Islands. The deal, expected to close in the fourth quarter of…
Chesnara Plc to acquire HSBC Life (UK) in £260 million deal
LONDON: Chesnara plc announced Thursday it has agreed to acquire HSBC Life (UK) Limited from HSBC Bank plc for £260 million, in a transaction that marks the UK life insurer’s largest acquisition to date. The deal is expected to significantly expand Chesnara’s scale in the United Kingdom, adding approximately £4 billion in assets under administration…
UK Oil & Gas agrees the sale of UKOG (GB) Limited to Servatec Holdings
LONDON: UK Oil & Gas PLC (AIM: UKOG) has agreed the sale of its 100%-owned subsidiary UKOG (GB) Limited to Servatec Holdings Limited for a cash consideration of £400,000. Servatec are the holding company of a widely utilised and respected UK onshore oil and gas sector well services and drilling group. Completion is subject to…
Baker Steel Resources Trust to receive $5.16 million from sale of Prognoz Royalty stake
LONDON: Baker Steel Resources Trust Ltd. said Wednesday that it expects to receive approximately $5.16 million in cash in the third quarter, following the divestment of a key royalty interest in a Russian silver project. The company announced that PAL, in which it holds a 49.99% interest, has signed a binding agreement to sell its…
KKR to acquire Spectris in £4.1 billion deal
LONDON: Private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire British precision measurement company Spectris plc in a recommended cash deal valued at approximately £4.1 billion ($5.2 billion). Under the terms of the acquisition, Spectris shareholders will receive £40.00 per share, comprising £39.72 in cash from KKR’s acquisition vehicle, Project Aurora…
Banco Sabadell to sell TSB to Santander for £2.9 billion
BARCELONA: Banco Sabadell’s board agreed Tuesday to propose the sale of its British subsidiary, TSB, to Banco Santander for £2.9 billion (€3.4 billion) in cash, with the deal expected to close in the first quarter of 2026. The Spanish bank said it will recommend an extraordinary cash dividend of €0.50 per share, totaling about €2.5…
MISSION Group plc appoints John Carey as new chief executive officer
LONDON: MISSION Group plc (AIM:TMG) announced that following an external process, John Carey has been appointed to the Board as Chief Executive Officer with effect from 1 September 2025. John draws on over 30 years of extensive experience in leading global businesses, most recently holding executive positions at Castrol, BP plc and Abu Dhabi National…
Swedbank acquires Stabelo
LONDON: In order to continue to develop the mortgage business and customer offering, Swedbank acquires the mortgage credit institution Stabelo. Through access to a complementary brand, new technology and new channels for mortgages, the acquisition will help Swedbank reach more customers in the mortgage market. Stabelo is an established actor in the mortgage market that…
Oakley Capital Invests in Heritage Brands Smythson, Fornasetti and FPM
LONDON: Oakley Capital Investments Limited announced Tuesday that its Iconic BrandCo platform is expanding with investments in three premium lifestyle brands: Smythson of Bond Street, Fornasetti and Fabbrica Pelletterie Milano (FPM). The move strengthens Oakley’s portfolio of luxury heritage brands under Iconic BrandCo, a vehicle established in 2020 under Oakley Capital Fund III. Oakley Capital Investments’…