LONDON: Qualcomm Incorporated has agreed to acquire Alphawave IP Group in a recommended cash deal worth approximately $2.4 billion, the companies announced Tuesday. Chip stock Alphawave soars on Qualcomm takeover Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm, will acquire all issued and future ordinary shares of Alphawave under a scheme of arrangement…
Category: London Stock Exchange
News and updates from London Stock Exchange
Mark Read, CEO of WPP Plc to retire
LONDON: WPP plc announced Thursday that CEO Mark Read will retire from the board and step down as chief executive on Dec. 31, 2025, concluding more than 30 years with the global advertising and marketing company, including the last seven as its leader. The board has begun the process of finding a successor, WPP said…
Pri0r1ty Intelligence Group signs deal to acquire sports data firm, Halfspace
LONDON: Pri0r1ty Intelligence Group (AIM: PR1), an AI-driven professional growth services provider for small and medium-sized enterprises, has entered into a share purchase agreement to acquire Halfspace Limited, a London-based sports data and marketing business. The acquisition, first outlined in a term sheet on June 3, 2025, is pending shareholder approval. A circular detailing the…
Hydrogen Utopia signs deal to bring waste-to-hydrogen tech to MENA region
LONDON: Hydrogen Utopia International (HUI), a company that converts non-recyclable plastic waste into hydrogen and other clean fuels, has signed a preliminary agreement with U.S.-based InEnTec Inc. to secure exclusive licenses for its waste-to-hydrogen technology across the Middle East and North Africa (MENA). The deal, outlined in a heads of terms agreement, grants HUI access…
N4 Pharma reports 2024 financial results
LONDON: N4 Pharma plc (AIM: N4P), a UK-based biotechnology company developing its proprietary Nuvec® gene delivery system for advanced cancer and disease therapies, announced its audited financial results for the year ended Dec. 31, 2024. The company’s annual report and notice of its annual general meeting (AGM) have been distributed to shareholders. The AGM will…
Bango reports strong revenue growth in FY24, expands digital vending machine reach
LONDON: Bango (AIM: BGO), a global platform for data-driven commerce, announced its full-year results for the 12 months ended Dec. 31, 2024, highlighting double-digit revenue growth and an expanded customer base for its Digital Vending Machine® (DVM) technology. Financial Performance Total revenue rose 16% year-over-year to $53.4 million, up from $46.1 million in 2023. Transactional…
Amirose London Holdings begins trading on Aquis Stock Exchange following acquisition
LONDON: File Forge Technology PLC, soon to be renamed Amirose London Holdings PLC, announced Friday the completion of its acquisition of Amirose London Ltd. and the admission of its enlarged share capital to trading on the Aquis Stock Exchange. The company’s 117,483,865 ordinary shares, priced at £0.05 each, began trading at 8 a.m. under the…
IIG sees major growth in China’s digital lottery market with Hui10 expansion
LONDON: Intuitive Investments Group plc (IIG), a closed-end investment company focused on high-growth opportunities, announced its half-year financial results for the six months ending March 31, 2025, emphasizing progress in its key asset, Hui10, a leader in China’s digital lottery transformation. Chairman Optimistic on Growth Sir Nigel Rudd, IIG’s chairman, said the company’s primary driver of…
Rosebank acquires Electrical Components International in £1.14 billion deal
LONDON: Rosebank announced Thursday the acquisition of U.S.-based Electrical Components International (ECI), a market leader in critical electrical distribution systems, in a deal financed through debt facilities and a fully underwritten institutional capital raise of approximately £1.14 billion ($1.45 billion). The acquisition, Rosebank’s first under its “Buy, Improve, Sell” strategy, aims to enhance shareholder value…
Apax Global Alpha to invest additional €3M in WGSN following IWSR acquisition
LONDON: Apax Global Alpha (AGA), the closed-ended investment company linked to the Apax Private Equity Funds, announced Friday that it expects to invest an additional approximately €3 million in WGSN after the trend forecaster’s acquisition of IWSR, a leading provider of beverage alcohol market insights. WGSN, a portfolio company of the Apax XI Fund, disclosed…
Pinewood.AI to acquire Lithia’s stake in North American JV in $76.5 million deal
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the joint…
AIB Group sells shareholding in AIB Merchant Services to Fiserv
LONDON: AIB Group plc (AIB) today announced that it has reached agreement on the sale of its minority stake in AIB Merchant Services (AIBMS) to Fiserv, Inc.. Founded in 2007, as a Joint Venture (JV) between AIB and Fiserv, AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers….