LONDON: LondonMetric Property Plc announced the off market acquisition of six single let urban logistics properties for £78.0 million from a FSTE 100 pension fund. The purchase price reflects a blended NIY of 5.8% which rises to 6.9% over the next two years. The portfolio comprises six high quality properties totalling 526,000 sq ft, located…
Category: London Stock Exchange
News and updates from London Stock Exchange
OGDCL announces gas discovery in Sindh
LONDON: The Sawan South Joint Venture has announced a gas discovery in the Lower Gour B Reservoir Sand of the Akhiro-1 well, located in Khairpur district, Sindh Province in Pakistan. The joint venture includes Oil and Gas Development Company Limited (OGDCL) with a 20% working interest, United Energy Pakistan Limited (UEPL) as the operator with…
Ondine Biomedical secures C$5 million financing
Ondine Biomedical Inc. (LON: OBI), a Canadian life sciences company pioneering light-activated antimicrobial treatments, announced that it has agreed to a private placement financing in exchange for common shares from a new third-party private investor in Canada to support commercial growth. The Company has agreed to issue 22,222,222 new common shares of no par value…
Smiths Group acquires Modular Metal Fabricators and Wattco Inc. for £110 million
LONDON: Smiths Group plc, a leading industrial technology company, announced today that it is acquiring two North American companies, Modular Metal Fabricators, Inc., and Wattco, Inc. for a combined purchase price of up to £110m. These two companies will be integrated respectively into the Heating, Ventilation & Air Conditioning (HVAC) and electrical heating solutions platforms…
Jim Mintern appointed new CEO of CRH Plc
DUBLIN: CRH plc (NYSE: CRH), the leading provider of building materials solutions, announced that Albert Manifold has decided to retire as Chief Executive Officer at the end of 2024 and that he is to be succeeded by Jim Mintern. Mr. Mintern is currently CRH’s Chief Financial Officer and has been a director of its board…
Legal & General Group appoints Eric Adler as Chief Executive Officer of Asset Management
LONDON: Legal & General Group announced the appointment of Eric Adler as Chief Executive Officer of Asset Management, subject to regulatory approval. The appointment follows the Group’s announcement that it would bring together its public and private markets businesses as a unified global asset manager, at its Capital Markets Event in June. The Group, which…
MTI Wireless Edge wins 5G backhaul antenna order from India’s leading cellular service provider
LONDON: MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, has received an initial order, worth approximately US$0.7 million, for its 5G backhaul antenna solution for use by one of India’s leading cellular service providers. The initial order will be delivered in the short…
NewRiver REIT agrees to acquire Capital & Regional plc in a £147 million deal
LONDON: NewRiver REIT plc and Capital & Regional plc have agreed on a cash and share offer, where NewRiver will acquire the entire share capital of Capital & Regional. This merger will be executed through a scheme of arrangement under Part 26 of the Companies Act. For each Capital & Regional share, shareholders will receive…
Hooman Caman Javvi appointed new CEO of Porvair Plc
LONDON: Porvair Plc announced the appointment of Hooman Caman Javvi as Chief Executive Officer designate and Director of the Company. He is expected to join the Group on 6 January 2025 and assume the role of Chief Executive on the retirement of Ben Stocks following the Company’s AGM on 15 April 2025. Hooman was, until…
Volution Group agrees to acquire Fantech Group for A$280 million
LONDON: Volution Group plc has signed an agreement to acquire the Fantech Group of companies from the owners of the UK based Elta Group Ltd. The Group has signed an agreement to acquire 100% of the holding company of the Fantech Australasia business for an initial consideration of AUD$220 million (£112.9 million) on a debt/cash…
Feedback signs collaboration agreement with a provider of primary care solutions
LONDON: Feedback plc has signed a collaboration agreement with a provider of primary care solutions to explore the opportunities for a novel Neighborhood Diagnostics Solution. The intention is to explore creating a solution that combines the partners’ technology and Bleepa to streamline NHS diagnostic and pathway referrals between primary care, Community Diagnostic Centres (CDCs) and…
Close Brothers selling wealth management business, CBAM, to Oaktree Capital for £200 million
LONDON: Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, L.P. for an equity value of up to £200 million. Mike Biggs, Close Brothers’ Chairman, commented: “Following a comprehensive strategic review, the Board is pleased to announce the agreed sale of…