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…
Category: London Stock Exchange
News and updates from London Stock Exchange
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’…
Trafalgar acquires 10% stake in Manchester Property
LONDON: Trafalgar Property Group PLC (AIM: TRAF) said Tuesday it has acquired a 10% equity interest in Hilton House, a commercial property in central Stockport, Manchester, for £350,000, marking a substantial transaction under AIM Rule 12. The interest was purchased from Trafalgar director Paul Elliott. Payment will be made through a mix of newly issued…
ADVFN Plc acquires Capital Markets Group, expands retail investor reach
LONDON: ADVFN PLC (AFN:JPJ) announced Monday the acquisition of the Capital Markets Group, which includes two major investor engagement platforms: Stockhouse in Canada and HotCopper in Australia. The London-based financial information company said the deal strengthens its position in the small-cap investor space, combining one of the largest retail investor communities in both markets. As…
OptiBiotix reports strong revenue growth and expands global footprint in 2024
LONDON: OptiBiotix Health plc (AIM: OPTI), a UK-based life sciences company focused on microbiome modulation and healthy sugar alternatives, reported a 35% increase in annual revenue for the year ending Dec. 31, 2024, signaling a strong turnaround bolstered by international expansion and ecommerce growth. Revenue rose to £870,000 from £644,000 in 2023, driven by increased…
AdvancedAdvT reports strong fiscal 2025 results, highlights growth and acquisitions
LONDON: AdvancedAdvT Limited (LSE: ADVT), an international software solutions provider for business, compliance, and human capital management, reported significant revenue and profit growth in its year-end results for the 12 months ending Feb. 28, 2025. The company posted revenue of £43.3 million ($54.8 million), up from £21.1 million in the prior eight-month period ending Feb….
Belluscura initiates $1.5 million loan note and $12 million fundraising plan
LONDON: Belluscura plc (AIM: BELL), a UK-based medical device innovator specializing in portable oxygen enrichment technology, has launched a strategic funding initiative to strengthen its capital base and support growth. As part of the plan, the company’s wholly owned U.S. subsidiary, Belluscura LLC, has signed a secured convertible loan note agreement to raise up to…
Polar Capital CEO Gavin Rochussen to retire; Iain Evans named successor
LONDON: Polar Capital Holdings plc announced Monday that Chief Executive Officer Gavin Rochussen will retire later this year, ending an eight-year tenure during which the firm’s assets under management more than doubled. Rochussen will officially step down from his CEO role and board position following the company’s Annual General Meeting on Sept. 25, 2025. He…
Fulcrum Metals reports progress on gold tailings strategy in year-end 2024 results
KIRKLAND LAKE: Fulcrum Metals plc (AIM: FMET), a technology-led company focused on recovering precious metals from mine tailings in Canada, on Monday reported its final results for the year ended Dec. 31, 2024, highlighting a strategic pivot toward gold tailings processing and key mineral discoveries. During the year, the company formalized a definitive option agreement…
Phoenix Digital Assets posts strong FY2024 results, Returns £33.7 million to shareholders
LONDON: Phoenix Digital Assets PLC (AQSE: PNIX) on Monday reported a sharp rise in profits for the fiscal year ended Dec. 31, 2024, and announced a major capital return to shareholders following a significant share buyback. The company posted a post-tax profit of £19.7 million, up from £17.6 million in 2023, with net asset value…
Dalata to open first hotel in Berlin in partnership with Deka Immobilien
BERLIN: Dalata Hotel Group plc, the largest independent four-star hotel operator in the UK and Ireland, has signed a lease agreement with Deka Immobilien to operate a new Clayton Hotel in Berlin, marking its first property in the German capital. The 274-room property, currently operating as the Novotel Berlin Am Tiergarten, is undergoing an 18-month…
ActiveOps acquires workforce optimization firm Enlighten in $21.5 million deal
LONDON: ActiveOps plc (AIM: AOM), a global leader in Decision Intelligence software for service operations, has acquired Enlighten, a workforce optimization software and professional services firm, in a deal worth up to $21.5 million (£15.9 million). The acquisition, funded through existing cash reserves and future operating cash flow, is expected to double ActiveOps’ North American revenue and expand its footprint in the Asia-Pacific (APAC)…