LONDON: AstraZeneca today announced a historic agreement with President Donald J. Trump’s administration to lower the cost of prescription medicines for American patients while preserving America’s cutting-edge biopharmaceutical innovation. At a landmark event at the White House, AstraZeneca CEO Pascal Soriot joined President Trump and members of his Administration to confirm the Company voluntarily met…
Category: London Stock Exchange
News and updates from London Stock Exchange
PPHC files for proposed U.S. IPO, Nasdaq listing
LONDON: Public Policy Holding Company, Inc. a leading global strategic communications provider offering a comprehensive range of advisory services in the areas of Government Relations, Public Affairs and Corporate Communications, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed public offering of its common…
Serica Energy to acquire entire BP’s stake in the UK Central North Sea licenses
LONDON: Serica Energy plc (AIM: SQZ) announced the signing of an agreement to acquire the entirety of BP’s stake in the P111 and P2544 licences, located in the UK Central North Sea. Completion is subject inter alia to the waiver of applicable pre-emption rights. The proposed acquisition comprises a 32% non-operated working interest in the…
Software Circle has acquired Broker Information Services Limited
LONDON: Software Circle plc (AIM: SFT) has acquired 100% of the issued share capital of Broker Information Services Limited, a provider of client management and quotation software for the financial broker market in Ireland. The total consideration of €8.25m will be satisfied in cash on a debt free/cash free basis. The acquisition is expected to…
Renew Holdings has acquired Emerald Power for £12.3 million
LONDON: Renew Holdings (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, announced that its wholly owned subsidiary, Excalon Holdings Limited (“Excalon”), has acquired Emerald Power Ltd (“Emerald”) for a total consideration of up to £12.3m. Emerald Power, based in Cheshire, is a specialist in overhead lines, focused…
AstraZeneca to begin $4.5 billion Virginia facility expands U.S. drug manufacturing
The manufacturing facility is expected to create 3,600 jobs WILMINGTON: AstraZeneca is investing $4.5 billion in its new manufacturing facility in Virginia, a proposed increase of $500 million to support the enhanced manufacturing capability of a broader range of medicines including cancer treatments. This is part of the historic $50 billion investment announced in July…
Karatzis, METLEN forge joint venture for 330MW battery storage project in Greece
LONDON: Karatzis Group of Companies and METLEN (RIC: MTLN.L) have announced a strategic joint venture to develop a large-scale Battery Energy Storage System (BESS) in Thessaly, Greece. The project, designed to deliver 330 megawatts of power and 790 megawatt-hours of energy capacity, marks a significant step in bolstering Greece’s renewable energy infrastructure. Under the terms…
HSBC proposes HK$106 billion privatisation of Hang Seng Bank
LONDON: HSBC Holdings PLC has proposed to privatise its Hong Kong-based subsidiary Hang Seng Bank Ltd through a scheme of arrangement, offering HK$155 per share in cash for the 36.5% stake it does not already own. The deal values the transaction at approximately HK$106.1 billion (US$13.6 billion). The proposal, submitted by HSBC Asia Pacific, is…
Cloudbreak Discovery to acquire Crofton Gold Project
LONDON: Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, has secured the exclusive option to acquire the Crofton Gold Project, located 120 kilometres east-southeast of famous Australian gold mining centre of Marble Bar and 75km northeast of the mining centre town of Nullagine in the Pilbara region of Western Australia. The…
Sintana Energy to acquire Challenger Energy for £45 million
LONDON: Sintana Energy Inc. (TSXV: SEI) (OTCQX: SNNAF) and Challenger Energy Group PLC (AIM: CEG) announced Wednesday they have reached an agreement on a recommended all-share offer by which Sintana will acquire the entire issued share capital of Challenger. The acquisition, valued at approximately £45 million (C$84 million), will be effected through a Court-sanctioned scheme…
Bunzl plc announces two further acquisitions
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces two further acquisitions. In September, Bunzl completed the acquisition of Caterline Catering Equipment Ltd (“Caterline”), a distributor of commercial catering equipment in Ireland and Northern Ireland. The business complements our existing catering business and generated revenue of EUR 6 million (£5 million) in…
Sunda Energy secures offshore gas interests in BARMM bid round
MANILA: Sunda Energy Plc (AIM: SNDA), a Southeast Asia-focused gas company, said Wednesday it has been awarded non-operated interests in two offshore petroleum service contracts in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM), following the region’s 1st Conventional Energy Bid Round. The contracts, SC-80 and SC-81, cover licence blocks in the southwest Sulu Sea….