LONDON: Frenkel Topping Group plc, a financial services firm specializing in asset management and investment advice, confirmed Monday that its independent directors are engaged in advanced discussions with Harwood regarding a potential cash acquisition offer. The Possible Offer would be made by Harwood through a newly formed, privately held special purpose vehicle, Bidco, and would encompass Frenkel Topping’s…
Category: London Stock Exchange
News and updates from London Stock Exchange
Rosebank Industries in talks to acquire Electrical Components International
LONDON: Rosebank Industries PLC said Monday it has resumed discussions with Cerberus Capital Management LP about a potential acquisition of Electrical Components International Inc. for less than $1.9 billion. ECI, a U.S.-based manufacturer of electrical distribution systems, serves a range of industrial markets. The deal, if finalized, would align with Rosebank’s acquisition strategy and be funded through…
AccelerComm secures $15 million funding to boost 5G satellite technology
SOUTHAMPTON: AccelerComm, a leader in high-performance 5G technology for satellite networks, has closed a $15 million funding round to advance its direct-to-device (D2D) communications solutions. The investment, led by IP Group plc (LSE: IPO), will support the development and deployment of AccelerComm’s 5G satellite communications products, enabling seamless connectivity between mobile devices and space-based networks….
Indivior Plc to delist from London Stock Exchange, citing U.S. focus and cost savings
RICHMOND: Indivior PLC (Nasdaq/LSE: INDV) announced Tuesday its plans to cancel its secondary listing on the London Stock Exchange, consolidating its primary listing on Nasdaq as the company shifts focus to its U.S. operations. The pharmaceutical firm, known for its addiction treatment SUBLOCADE, said the move reflects its revenue concentration in the U.S., where over…
Anglo American completes demerger of Valterra Platinum
LONDON: Anglo American plc has completed the demerger of c.51% of the Company’s interest in the platinum group metals business, Valterra Platinum Limited (formerly named Anglo American Platinum Limited) and the associated share consolidation of Anglo American. This follows overwhelming approval by shareholders on Wednesday, 30 April 2025. The demerger took effect on Saturday, 31…
Mirriad Advertising finalizes joint venture agreement with U.S. tech firm
LONDON: Mirriad Advertising plc (AIM: MIRI), a virtual in-content advertising and product placement company, has signed binding agreements with a U.S. technology firm to advance its presence in the American market, the company announced Monday. Under the deal, the U.S. partner will acquire exclusive rights to market Mirriad’s virtual product placement (VPP) technology to existing…
Jadestone Energy appoints Thomas Mitchell Little as Chief Executive Officer
LONDON: Jadestone Energy plc (AIM:JSE), an independent upstream production and development company focused on the Asia-Pacific region, announces the appointment of Thomas Mitchell (Mitch) Little as Chief Executive Officer (“CEO”) effective 1 June 2025. Mr. Little has relocated to Jadestone’s head office in Singapore. Mr. Little will be responsible for the delivery of Jadestone’s existing…
Tungsten West plans to restart production at UK mine, aims to boost global supply
DEVON: Tungsten West plc (LON:TUN), a mining company focused on reviving the Hemerdon tungsten and tin mine in Devon, has finalized its development and economic plan to restart operations. The company announced the plan ahead of a full feasibility study, which is being prepared by AMC Consultants with support from industry experts. Key Project Highlights…
DFI Retail Group divests shares in Robinsons Retail
LONDON: DFI Retail Group Holdings (DFI) announced the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (“RRHI”), representing approximately 22.2% of RRHI’s outstanding shares. The transaction aligns with DFI’s strategic shift from a portfolio investor to a focused operating company, allowing the Group to divest minority holdings and reallocate capital toward subsidiary growth and higher…
Dai-ichi Life Holdings, M&G form strategic partnership with $6 billion investment target
LONDON: Dai-ichi Life Holdings, Inc. and British asset manager M&G plc announced a long-term strategic partnership Wednesday, combining asset management and life insurance expertise with plans for cross-border growth and a potential 15% stake acquisition by the Japanese insurer. Under the agreement, M&G will become Dai-ichi Life’s preferred European asset manager, with a target of…
AdvancedAdvT Limited acquires Goss Technology Group in £13.5 million deal
LONDON: AdvancedAdvT Limited (AIM: ADVT), an international software solutions provider, announced Tuesday the acquisition of Goss Technology Group Limited, a digital transformation specialist for the public sector, in a deal worth approximately £13.5 million. The total consideration includes £8.5 million in cash from existing resources and £5.0 million in AdvT ordinary shares. After accounting for…
UK government plans to double pension megafunds to boost investment, improve returns
LONDON: Millions of British workers could retire with larger pension pots under government plans to double the number of U.K. pension “megafunds” by 2030, unlocking billions for domestic investment. Reforms set out in the upcoming Pension Schemes Bill will require multi-employer defined contribution (DC) pension schemes and Local Government Pension Scheme (LGPS) pools to manage at least…