LONDON: Redcentric plc (AIM:RCN), a leading UK IT managed services provider, has conditionally agreed the sale of its Data Centre business, Redcentric Data Centres Limited, (RDC) to Stellanor Datacenters Group Limited, UK data centre operator backed by a fund managed by DWS Group for a cash consideration based on an enterprise valuation of up to…
Category: London Stock Exchange
News and updates from London Stock Exchange
Plus500 partners with Topstep to power US Futures brokerage expansion
LONDON: Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces that it has entered into a strategic partnership with Topstep, a leading US-based trading education and evaluation platform, under which Plus500 will exclusively provide clearing and technology infrastructure for Topstep Brokerage and Topstep’s broader Enterprise. Through this partnership, Topstep’s large and…
Barclays lifts profit target, kicks off early $639 million share buyback
LONDON: Barclays BARC.L raised its key profit target and announced a fresh 500 million pound ($639 million) share buyback on Wednesday, citing strong performance and cost savings delivered ahead of plan, despite setting aside more money for a UK motor finance probe. The British bank now expects to deliver a return on tangible equity (RoTE)…
AB Dynamics appoints Sarah Matthews-DeMers as Group Chief Executive Officer
LONDON: AB Dynamics plc announced the appointment of Sarah Matthews-DeMers as Group Chief Executive Officer. Sarah is the current Chief Financial Officer and will take up her new role from 1 December 2025. Sarah has been an instrumental part of the leadership team that has transformed the Group over the last six years. Following a…
Hostelworld Group has acquired OccasionGenius Inc for $12 million
LONDON: Hostelworld Group has acquired the entire issued share capital of OccasionGenius Inc., a US-based B2B event discovery platform, for a total cash consideration of $12.0 million. OccasionGenius empowers businesses to inspire their audiences with a global event dataset delivered via API, comprising a rich, city-by-city catalogue of local ‘Things to Do’ and a unique…
Riverstone Energy to sell Onyx Power to ResInvest Group for $49 million
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Coca-Cola HBC AG agrees to acquire 75% shareholding in Coca-Cola Beverages Africa for $2.6 billion
LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4 billion….
Supreme Plc acquired UK and European assets of SlimFast for £20.1 million
LONDON: Supreme Plc (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, announced the acquisition of the trade and selected UK and European assets of SlimFast, a market leader in meal replacement products, for a total cash consideration of £20.1 million (including £9.0 million of deferred consideration due in 15 months’…
Sirius to acquire defence anchored business park near Munich for €43.7 million
LONDON: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has notarised the acquisition of a business park in Feldkirchen, Germany, for €43.7 million (including acquisition costs). Located on the outskirts of Munich, Bavaria, the site has a…
Avacta Group raises £16 million in equity fundraise, extends cash runway
LONDON: British biopharmaceutical company Avacta Group Plc (AVCT.L) said on Monday it has raised approximately £16 million ($20.5 million) in an oversubscribed share placing, providing it with working capital to progress its cancer drug development programs into the second half of 2026. The company, which is developing targeted cancer therapies using its pre|CISION platform, placed…
EDX Medical secures up to £4 million in funding to accelerate diagnostic innovation
CAMBRIDGE: EDX Medical Group plc has secured up to £4 million in funding to advance its portfolio of digital diagnostic products and services, the company announced Monday. The financing includes £2 million raised through the issue of 14,285,713 new ordinary shares at 14p per share, and a further £2 million via a convertible loan note…
Bank of England’s Bailey says AI could be next industrial revolution, warns on growth
LONDON: Bank of England Governor Andrew Bailey said that Artificial Intelligence has the potential to be the next great technological leap that transforms the economy, but warned that Britain must work with it to reverse a prolonged slowdown in productivity growth. In a speech drawing on lessons from economic history, Bailey said the nature of…