LONDON: Hercules Site Services plc (AIM: HERC), a leading technology enabled labour supply group for the UK infrastructure and construction sectors, has successfully divested its Suction Excavator business. The Company’s Suction Excavator subsidiary has been sold to SNC Holdings (NW) Limited, for a total cash consideration of £2.4m. The divestment will materially reduce the Company’s…
Category: London Stock Exchange
News and updates from London Stock Exchange
Haydale announces filing for insolvency of U.S. subsidiary
LONDON: Haydale (AIM: HAYD), an advanced materials group, announced that it has filed for insolvency for its wholly owned subsidiary, Haydale Ceramic Technologies LLC (HCT), in the state of Georgia. This action is part of the Group’s restructuring efforts following a business review concluded on December 23, 2024. The Group plans to sell HCT’s assets…
Cardiogeni signs MoU with Sheikh Al Qassimi for £20 million investment
LONDON: Cardiogeni (AQSE: CGNI), a UK-based clinical-stage biotechnology company founded by 2007 Nobel Laureate Sir Martin Evans, has announced the signing of a memorandum of understanding (MoU) with the Private Office of Sheikh Al Qassimi. This agreement is set to facilitate direct investment and funding for the company’s clinical trials focused on novel heart failure…
L&G to sell US protection business to Meiji Yasuda Insurance
LONDON: Legal & General Group Plc (L&G) has agreed to sell its U.S. protection business to longstanding partner Meiji Yasuda Life Insurance Company, forming a strategic partnership to enhance its U.S. Pension Risk Transfer (PRT) business. The transaction, valued at $2.3 billion, is expected to close towards the end of 2025, pending regulatory approvals. The deal includes…
Codex Acquisitions to acquire Technologies New Energy S.A. for £28 million
LONDON: Codex Acquisitions plc (LSE: CODX) has signed an agreement to acquire Technologies New Energy S.A. (TNE), a Portuguese renewable energy company, for £28 million. The deal will be settled through the issuance of new ordinary shares, conditional upon the listing of the enlarged share capital on the equity shares transition category of the Official…
British Columbia Investment Management to acquire BBGI Global Infrastructure for £1.062 billion
LONDON: The British Columbia Investment Management Corporation (BCI) and BBGI Global Infrastructure S.A. have agreed on terms for an all-cash offer for the entirety of BBGI’s issued and to-be-issued share capital. The offer, to be made by Bidco, a special limited partnership based in Luxembourg and indirectly controlled by BCI, will see BBGI shareholders receive…
Pandora reports 13% organic growth in 2024, targets 7-8% in 2025
LONDON: Pandora, the global jewelry brand, announced a successful year in 2024, achieving a 13% organic growth rate and setting a target of 7-8% growth for 2025. The company’s full-year revenue reached DKK 31.7 billion, with an EBIT of DKK 8.0 billion, both reflecting a 13% increase. In 2024, Pandora’s gross margin improved to 79.8%,…
Syncona-backed Achilles Therapeutics recommends voluntary liquidation, return capital to shareholders
LONDON: Syncona Ltd, a leading life science investor, announced Monday that its portfolio company, Achilles Therapeutics plc, has recommended a members’ solvent voluntary liquidation to return capital to shareholders. The decision follows a review by the Achilles Board, which determined the move to be in the best interests of the company and its shareholders. Achilles…
Speed Fibre DAC to acquire wholesale and enterprise business of BT Ireland for €22 million
LONDON: Cordiant Digital’s portfolio company, Speed Fibre DAC has entered into a put and call agreement to acquire the entire issued share capital of BT Communications Ireland Limited (BTCIL), the wholesale and enterprise business unit of BT Ireland, for an enterprise value of €22 million. The acquisition is expected to enhance Speed Fibre’s ability to deliver advanced…
Sirius to acquire Reinsberg business park in Germany for €20.4 million
LONDON: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has notarised the acquisition of a business park in Reinsberg in Saxony, Germany, for €20.4 million. The Reinsberg acquisition is 75% occupied, the majority of which is under a…
Vodafone commences €480 million share buyback program
LONDON: Vodafone Group Plc announced today the initiation of a share repurchase program worth up to €480 million. The program will involve the repurchase of ordinary shares, priced at US$0.20 each, on the London Stock Exchange and other trading platforms. The company has instructed Goldman Sachs International (GSI) to conduct the purchases from February 4,…
Getech announces sale of Nicholson House Headquarters
LONDON: Getech, a world-leading locator of subsurface resources, has announced the sale of its headquarters building, Nicholson House, for £725,000. The sale includes a non-refundable deposit of £72,500, with the completion of the transaction set for February 27, 2025. The company plans to use a portion of the net proceeds to repay its bridge loan…