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….
Category: London Stock Exchange
News and updates from London Stock Exchange
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…
HSQ Investment offers to acquire Kingswood Holdings for £48.03 million
LONDON: HSQ Investment Limited has announced an unconditional cash offer to acquire all remaining shares of Kingswood, valuing the shares at 7 pence each. The offer, which values Kingswood at approximately £48.03 million, will be made through the issuance of an Offer Document and Form of Acceptance. These documents are expected to be sent to shareholders…
Beeks Financial Cloud Group partners with Kraken
LONDON: Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is delighted to announce that it has signed a significant new Exchange Cloud contract with Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, based in San Francisco. With Exchange Cloud already delivering results in the Tier…
Foresight proposes to acquire Harmony Energy Income Trust for £190.8 million
LONDON: Harmony Energy Income Trust plc (HEIT) announced Monday that its board has agreed in principle to financial terms proposed by Foresight Group LLP for a potential acquisition of HEIT’s entire share capital. Under the proposed agreement, HEIT shareholders would receive 84 pence per share in cash, valuing the company’s ordinary share capital at £190.8 million. The…
AstraZeneca signs definitive agreement to acquire EsoBiotec for $1 billion
LONDON: AstraZeneca has entered into a definitive agreement to acquire EsoBiotec, a biotechnology company pioneering in vivo cell therapies that has demonstrated promising early clinical activity. The EsoBiotec Engineered NanoBody Lentiviral (ENaBL) platform empowers the immune system to attack cancers and could offer many more patients access to transformative cell therapy treatments delivered in just minutes rather…
Digitalbox acquires The Life Network from Media Chain Group
Completion of Acquisition of The Life Network from Media Chain Group LimitedLONDON: Digitalbox plc (AIM: DBOX), the mobile-first digital media business has exchanged contracts to acquire the digital assets of The Life Network from Media Chain Group Limited for a total consideration of £200,000. The acquisition is subject to completion of satisfactory testing by Digitalbox, as set…
HgCapital Trust plc announces investment in Scopevisio AG
LONDON: HgCapital Trust plc (HgT) today announced an investment in Scopevisio AG, a leading innovator in cloud-based business automation. The terms of the transaction were not disclosed. HgT will invest approximately £4.8 million in Scopevisio, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund. HgT, whose shares are listed on the…
Software Circle plc acquires Total Drive Software for £7.5 million
LONDON: Software Circle plc (AIM: SFT) announced today the acquisition of the entire issued share capital of Total Drive Software Limited, an end-to-end software solution provider for driving instructors. The acquisition is valued at up to £7.5 million, to be satisfied in cash on a debt-free and cash-free basis. The deal is projected to be cash flow…
Elementis plc appoints Luc van Ravenstein as Chief Executive Officer
LONDON: Elementis plc, a global specialty chemicals company, announced that Luc van Ravenstein will assume the role of Chief Executive Officer (“CEO”) and join the Board of the Company on 29 April 2025, succeeding Paul Waterman. Luc is a highly respected leader with a strong track record of delivering innovation, growth and efficiency during his 13…
James Lowery appointed new CEO of essensys plc
LONDON: essensys plc (AIM:ESYS), the leading global provider of software and technology to the flexible workspace industry announces that Mark Furness has decided to retire as Chief Executive Officer, after founding essensys in 2006 and leading the business since launch. Mark Furness will be succeeded by James Lowery, Chief Operating Officer, who will take over as…
Restore Plc has acquired Synertec (Holdings) for £22 million
LONDON: Restore plc (AIM: RST), the UK’s leading provider of secure and sustainable business services for data, information, communications and assets, today announced the acquisition of Synertec (Holdings) Ltd, a document management business, for an initial cash consideration of £22 million plus deferred cash consideration based on Synertec’s future profits. Synertec was founded in 1999 and is…