LONDON: The energy price cap is set to increase by 6.4% from April, the UK’s energy regulator Ofgem announced on Tuesday. This adjustment will be in effect for the period covering April to June 2025. According to Ofgem, the main driver behind the rise is a recent spike in wholesale prices, which account for approximately…
Category: London Stock Exchange
News and updates from London Stock Exchange
Staffline sells PeoplePlus Group to Talent International for £12 million
LONDON: Staffline Group (AIM: STAF.L), the recruitment and training group, has disposed of its wholly owned subsidiary, PeoplePlus Group Limited to Talent International (UK) Limited, a wholly owned subsidiary of Swipejobs Holdings, for cash consideration of £12.0m, which includes £2.0m of deferred consideration. The consideration is on a cash free, debt free basis and subject…
EnergyPathways advances MESH energy storage project to boost UK’s clean energy transition
LONDON: EnergyPathways (AIM: EPP), an energy transition company, has announced significant progress on its MESH energy storage project, aligning with the UK government’s ambitious “Clean Power by 2030” target. The UK government aims to secure the nation’s power supply through a roadmap focused on rapidly deploying new clean energy sources and developing a flexible system…
National Grid sells U.S. renewables business to Brookfield
LONDON: National Grid plc announced today that it has reached an agreement to sell its National Grid Renewables U.S. onshore renewables business to Brookfield Asset Management and its institutional partners, including Brookfield Renewable Partners. The terms of the transaction imply an enterprise value for National Grid Renewables of $1.735 billion, with the final cash consideration…
Solvonis Therapeutics to acquire Awakn Life Sciences
LONDON: Solvonis Therapeutics plc announced Monday it has entered into an arrangement agreement to acquire Awakn Life Sciences Corp. The acquisition involves all issued and outstanding common shares, restricted share units, and deferred share units of Awakn. Solvonis will issue approximately 2.07 billion new ordinary shares as consideration, valuing Awakn at around £4.98 million (CAN$8.89…
XPS Pensions Group agrees to acquire Polaris Actuaries and Consultants Limited
LONDON: XPS Pensions Group has entered into an agreement to acquire the entire issued share capital of Polaris Actuaries and Consultants Limited, a highly regarded UK insurance consultancy business with a blue chip client base. The acquisition will materially accelerate the Group’s strategy of becoming a leading player in the fragmented UK Insurance Consulting market. …
Centrica signs Brazilian LNG supply agreement
LONDON: Centrica announces that it has entered into a major Sale and Purchase Agreement (“SPA”) with Petrobras, the leading Brazilian integrated oil & gas company. The contract provides for the purchase by Petrobras of 0.8 million tons per annum (MTPA) of LNG for 15 years, commencing in 2027. The agreement comprises approximately 30% of Centrica’s…
ECO Animal Health sells non-core product lines
LONDON: ECO Animal Health Group plc (AIM: EAH), a global animal health company with a growing portfolio of veterinary products, announced the sale of non-core product lines to its South African distribution partner for £491,000. ECO, which focuses on disease treatment and prevention in pigs and poultry, sold ECOmectin licenses for use in sheep and…
Vinanz Limited orders first USA-made bitcoin miners from Auradine Inc.
LONDON: Vinanz Limited, a London Stock Exchange Main Board Listed Bitcoin mining company with operations in the U.S. and Canada, has announced its first-ever order of U.S.-made Bitcoin miners, manufactured and supplied by California-based Auradine Inc. The initial trial order consists of 20 Auradine AT2880 miners (220TH and 17.5 J/TH efficiency) to be installed at…
Pharos Energy sign merger MOU with Egyptian General Petroleum Corporation
LONDON: Pharo Energy plc, an independent energy company with operations in Vietnam and Egypt, announced on Wednesday the signing of a non-binding Memorandum of Understanding (MOU) with the Egyptian General Petroleum Corporation (EGPC). This MOU, in collaboration with IPR Lake Qarun Company (IPR), pertains to the merger of the El Fayum and North Beni Suef…
Equipmake announces development agreement with JCB
LONDON: Equipmake, a leading company in electrification technologies for the automotive, truck, bus, and specialty vehicle industries, announced Tuesday that it has signed a development agreement with British multinational manufacturer J.C. Bamford Excavators Limited (JCB). JCB is renowned for its construction, agriculture, waste handling, and demolition equipment. Under the agreement, Equipmake will leverage its expertise…
Vikki Jeckell appointed as CEO of Tees Valley Lithium
LONDON: Alkemy Capital Investments plc (LSE: ALK) (JV2:FRA), the 100% owner of Tees Valley Lithium (TVL), has announced the appointment of Vikki Jeckell as Chief Executive Officer of TVL. In conjunction with this leadership transition, TVL has officially commenced its Front-End Engineering Design (FEED) study, marking a crucial milestone in the development of its lithium hydroxide refinery…