LONDON: B.P. Marsh & Partners PLC, a specialist investor in early-stage financial services businesses, said Wednesday that Sterling Insurance Pty Ltd, a general liability underwriting agency focused on Australia’s construction industry, has been acquired by ATC Insurance Solutions Pty Limited. B.P. Marsh holds a 20% stake in Sterling and a 25% share in ATC, which…
Category: London Stock Exchange
News and updates from London Stock Exchange
Jubilee Metals receives $90 million offer for South African chrome, PGM operations
JOHANNESBURG: Jubilee Metals Group, a diversified metals producer with operations in South Africa and Zambia, announced Thursday it has received a conditional binding offer of up to $90 million from a private mining and metals trading company to acquire its chrome and platinum group metals (PGM) operations in South Africa. The proposed deal, subject to…
Mitie Group offers to acquire Marlowe PLC for £366 million
LONDON: Mitie Group PLC announced Wednesday a recommended cash-and-share offer to acquire Marlowe PLC in a deal valuing the company at approximately £366 million ($466 million). The boards of both companies said they had reached an agreement under which Mitie Treasury Management Limited, a wholly owned subsidiary of Mitie, will acquire all issued and future…
Blackstone affiliated Bidco to acquire Warehouse REIT in £470 million deal
LONDON: Warehouse REIT plc has agreed to a recommended cash acquisition by Wapping Bidco Ltd, a newly formed company backed by investment funds advised by affiliates of Blackstone Inc., in a deal valuing the real estate investment trust at approximately £470 million ($600 million). Under the terms of the deal, announced Wednesday, shareholders of Warehouse REIT…
Ghana signs agreement to extend offshore oil licenses through 2040
ACCRA: The Government of Ghana has signed a memorandum of understanding with energy companies to extend key offshore oil licenses until 2040, a move expected to drive investment and increase reserves in the country’s energy sector. The agreement covers the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses, which include the Jubilee…
Johnson Service Group to move listing to London Stock Exchange main market, extends share buyback program
LONDON: Johnson Service Group (JSG), a leading textile services provider in the United Kingdom and Ireland, announced Tuesday its intention to apply for admission of its shares to the Main Market of the London Stock Exchange, moving from the AIM market where it has been listed since 2008. The company said the move, expected by…
Hammerson plc CEO Rita-Rose Gagné to step down
LONDON: Hammerson plc today announced that Rita-Rose Gagné has informed the Board of her intention to step down and retire from her position as Chief Executive Officer of Hammerson in 2026. She will remain with the business for the next 12-months, bringing continuity while a successor is identified. This timeframe will also allow for a…
Oakley Capital Invests in Infravadis
LONDON: Oakley Capital Investments Limited announced Tuesday that its Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform targeting Europe’s underground infrastructure maintenance market, valued at over €25 billion. Oakley Capital Investments’ indirect contribution through the fund is estimated at approximately £5 million. Infravadis plans to consolidate the fragmented underground infrastructure maintenance…
Pandox AB and Eiendomsspar AS proposes €1.3 billion takeover of Dalata Hotel Group
LONDON: A consortium formed by Pandox AB and Eiendomsspar AS confirmed Tuesday it has submitted a non-binding proposal to acquire Ireland’s Dalata Hotel Group PLC in an all-cash deal valuing the company at approximately €1.3 billion ($1.4 billion). The offer of €6.05 per share represents a 27.1% premium to Dalata’s closing price on March 5, the…
Valereum PLC announces strategic investment in Blubird Global, Inc.
LONDON: Valereum PLC (AQSE: VLRM), announced a US $2.5 million strategic investment in Blubird Global, Inc., (“Blubird”) (“Investment”) for a minority stake and will be granted a Board observer seat. The Investment will be made in eight tranches. The Company expects to complete the acquisition of the first tranche of shares in June 2025, with…
TP ICAP Group has acquired Neptune Networks
LONDON: TP ICAP Group, a leading global provider of financial market infrastructure, has announced the acquisition of Neptune Networks, an independent financial data company jointly owned by a consortium of some of the world’s top investment banks. Neptune provides buyers with high-quality, real-time pre-trade bond market data from multiple sell-side banks to buy-side clients. By integrating…
Marks & Spencer reports strong growth amid cyber incident challenges
LONDON: Marks & Spencer Group plc (M&S) announced robust financial performance for the 2024/25 fiscal year, with group revenue rising 6% to £13.8 billion and profit before tax reaching £875.5 million, a 22.2% increase. However, the retailer faces significant disruption from a recent cyberattack, which it estimates will impact profits by approximately £300 million in the coming…