LONDON: Coats Group plc said Wednesday it will acquire OrthoLite Holdings LLC, the global leader in premium insoles, for $770 million, as part of its strategy to expand in the high-growth footwear component sector. The deal, expected to close in the fourth quarter of 2025, will be funded through a mix of new debt facilities…
Category: London Stock Exchange
News and updates from London Stock Exchange
Honye Financial Services to acquire Zoyo Capital Limited for £26 million
LONDON: Honye Financial Services Ltd (LSE: HOYE) announced Wednesday it has agreed to acquire London-based FinTech firm Zoyo Capital Limited in a share-based deal valued at £26 million. Under conditional agreements, Honye will acquire the entire issued share capital of Zoyo. The consideration will be satisfied entirely through the issuance of 113,043,478 new Honye ordinary…
Cohort plc reports record annual results, boosts growth outlook after EM Solutions deal
READING: UK defence technology group Cohort plc (AIM: CHRT) posted record revenue and adjusted operating profit for the year ended April 30, 2025, driven by strong demand and a robust order book extending into the 2030s. The Group reported revenue of £270.0 million, up 33% from the previous year, with adjusted operating profit rising to…
Creightons FY25 profit surges as cost controls and private label sales drive growth
LONDON: UK-based beauty and wellbeing brand Creightons plc reported a sharp increase in profits and margins for the year ended March 31, 2025, as strong private label sales offset declines in its branded and contract manufacturing segments. Revenue rose 1.6% to £54.1 million, bolstered by a £5.4 million surge in private label sales. Gross profit…
Apax Global Alpha to indirectly invest €4.5 million in Foods Connected via Impact Fund
LONDON: Apax Global Alpha Limited (AGA) said on Wednesday it expects to invest approximately €4.5 million indirectly in Northern Ireland-based food tech firm Foods Connected, through its limited partnership in the Apax Global Impact Fund (AGI). AGI has reached an agreement to acquire Foods Connected from Hilton Food Group Plc, with the transaction expected to…
Brickability Group reports resilient FY2025 results amid sector challenges
LONDON: Brickability Group PLC (AIM: BRCK), a leading distributor and provider of specialist construction products, on Tuesday reported a 7.2% rise in full-year revenue to £637.1 million for the year ended March 31, 2025, bolstered by its diversification strategy and resilient trading. Gross profit climbed 15.0% to £121.7 million, driving an 11.6% increase in adjusted…
Cake Box Holdings posts higher EBITDA, expands footprint with £22 million Ambala acquisition
LONDON: Cake Box Holdings plc (CBOX.L), the UK’s largest retailer of fresh cream celebration cakes, reported a 17.1% rise in underlying EBITDA to £8.73 million for the year ended 30 March 2025, driven by strong franchisee performance and growth in online sales. The company’s gross margin edged down to 52.5% from 52.7% a year earlier…
Fashion retailer Sosandar lifts margins to profit; Guides cautiously after M&S cyber hit
LONDON: British women’s fashion retailer Sosandar PLC (AIM:SOS) reported a year of improved profitability driven by higher margins, despite a planned reduction in revenue, and signalled a return to growth in its first quarter, according to full-year results released on Tuesday. For the year ended March 31, 2025 (FY25), revenue fell to £37.1 million, down…
Gateley posts modest FY25 revenue growth amid volatile market; profit declines
LONDON: Gateley Holdings (AIM: GTLY), a UK-based professional services firm, reported a 4.1% rise in annual revenue to £179.5 million for the year ended April 30, 2025, driven by solid performance in its legal services arm and strategic investment activity. Organic growth in legal services reached 3.9%, while underlying operating profit edged up 3.3% to…
Mobico Group completes sale of North America School Bus business for $364 million
LONDON: Mobico Group PLC said Monday it has finalized the sale of its North America School Bus business to I Squared Capital, netting upfront proceeds of $364 million (£273 million), and increasing the company’s financial flexibility heading into 2025. The transaction, first announced on April 25, closed on July 14 following approval from the U.S….
Rio Tinto appoints Simon Trott as Chief Executive
LONDON: The Board of Rio Tinto has appointed Simon Trott to succeed Jakob Stausholm as Chief Executive, with effect from 25 August 2025. Simon, currently Iron Ore Chief Executive, has a track record of exceptional delivery over 25 years in roles across a wide range of commodities and geographies, with a strong focus on values-based performance culture…
Hilton Foods sells Foods Connected to Apax Global Impact Fund for £22 million
LONDON: British food business Hilton Food Group said on Tuesday it has agreed to sell a stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund for £22 million ($28 mln), marking a strategic step to scale the technology-led platform. The Apax Global Impact Fund, advised by private equity firm Apax…