CAMBRIDGE: CamGraPhIC Srl, a leader in energy-efficient, high-bandwidth optical interconnect technology and a subsidiary of 2D Photonics SpA, announced Monday the successful completion of a €25 million Series A equity funding round. The investment, raised through 2D Photonics, will accelerate innovation in graphene photonics transceivers, revolutionizing artificial intelligence (AI) and cellular data transmission by enhancing energy efficiency,…
Category: London Stock Exchange
News and updates from London Stock Exchange
Plus500 to acquire Mehta Equities for $20 million
LONDON: Plus500, a global multi-asset fintech group, announced Monday that it has conditionally agreed to acquire 100% of Mehta Equities Limited, an Indian financial services company specializing in broking services, including futures, options, and cash equities trading. The acquisition, valued at approximately $20 million, is part of Plus500’s strategy to expand its geographic footprint into India’s…
File Forge Technology to acquire Amirose London in reverse takeover
LONDON: File Forge Technology PLC (AQSE: FILE), a provider of Filecoin staking nodes, revealed plans to acquire Amirose London Ltd, a contract manufacturing services business specializing in personal care products. The company signed non-binding Heads of Terms to acquire Amirose’s entire issued share capital from Epoque Services Incorporated Limited. The proposed deal, valued at £5.01…
Wildcat Petroleum collaborates with South African state-owned entity
LONDON: Wildcat Petroleum announced a major step forward in its petroleum endeavors, signing a collaboration agreement with the Strategic Fuel Fund Association (SFF), an entity owned by the government of South Africa. The agreement focuses on evaluating petroleum assets in South Sudan, previously held by PETRONAS. The partnership aims to harness the expertise of both organizations in…
Rathbones Group announces retirement of Group Chief Executive Paul Stockton
LONDON: The Board of Rathbones Group Plc has announced that Paul Stockton will retire on 30th September 2025 after 16 years with Rathbones, six years of which as Group Chief Executive. He will be succeeded by Jonathan Sorrell who will join the business as CEO designate, subject to regulatory approval, on 1st July 2025. In…
Shaftesbury Capital forms strategic partnership with Norges Bank Investment Management
LONDON: Shaftesbury Capital PLC has entered a long-term strategic partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund, involving the Covent Garden estate in London’s West End. The agreement will see NBIM acquire a 25% non-controlling stake in the estate for approximately £570 million, valuing the property at £2.7 billion. Shaftesbury Capital will retain…
Ofcom pushes UK’s full-fibre rollout into final phase
LONDON: Ofcom announced plans to ensure full-fibre broadband reaches nearly all UK homes and businesses by 2027, unveiling proposals to drive the final phase of the rollout. The regulator aims to boost competition and investment in faster, more reliable connections, vital for economic growth. Natalie Black, Group Director for Networks and Communications at Ofcom, hailed the…
Britain fast-tracks £4 billion investment to expand electricity networks
Britain’s high-voltage transmission network will be expanded quicker, thanks to Ofgem agreeing to accelerate £4bn of investment to build out the electricity grid. The regulator’s new Advanced Procurement Mechanism (APM) will enable Britain’s three transmission owners (TOs) to tackle supply chain constraints in procuring essential equipment, materials and services years in advance. This streamlined process will ensure…
Prospex Energy acquires full stake in Tarba Energía
LONDON: Prospex Energy PLC, an AIM-listed company specializing in European gas and power projects, announced its agreement to acquire the remaining shareholding in Tarba Energía S.L. held by Warrego Energy Ltd. This acquisition makes Prospex the sole shareholder of Tarba, consolidating its investments in Southern Spain’s El Romeral production concessions and exploration permits. Upon completion,…
Miami International offers to acquire The International Stock Exchange Group for £22.50 per share
LONDON: MIH East Holdings, a subsidiary of Miami International Holdings (MIH), has announced a proposed acquisition of The International Stock Exchange Group Limited (TISE). The offer, set at £22.50 per share, seeks to acquire the entire issued and to be issued ordinary share capital of TISE, valuing the company at approximately £70.4 million. MIH’s growth…
80 Mile PLC agrees to sell Finnish subsidiary to Metals One
LONDON: 80 Mile PLC, an exploration and development company listed on AIM, FSE, and the Pink Market, announced Wednesday that it has signed a binding agreement to sell FinnAust Mining Finland Oy, its wholly owned Finnish subsidiary, to Metals One Plc. The subsidiary holds licenses for the Hammaslahti Copper-Zinc Project and the Outokumpu Copper Project in Finland….
British consumers prioritize banking apps over local branches
LONDON: As the banking landscape evolves, British consumers are placing increasing value on mobile banking apps, according to the 2024 FICO Bank Customer Experience Survey. Three-quarters of respondents identified a high-quality phone app as the most important or second most important factor in their choice of primary banking services. In contrast, just 33% prioritized the availability…