LONDON: Pennpetro Energy (LSE: PPP) announced that Robert Menzel has been appointed as Chief Executive Officer of the company with immediate effect. Robert is the founding member and Chairman of Globalvision International Lda, an international commodity trading organisation with a focus on developing oil and gas investment projects. His career experience includes setting up new…
Category: London Stock Exchange
News and updates from London Stock Exchange
Petra Diamonds sells entire stake in Williamson Diamonds Limited for $16 million
LONDON: Petra Diamonds Limited (LSE: PDL) has entered into an agreement to sell its entire shareholding in the entity that holds its interest in Williamson Diamonds Limited (WDL) to Pink Diamonds Investments Limited for up to $16 million. Transaction Highlights: – The sale includes Petra’s entire shareholding in the entity holding its WDL interest and…
LPA Group signs deal with Eaton Electrical Products to acquire Eaton’s Powertron business
LONDON: LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, announced that an agreement has been signed to acquire the UK trade and assets of a power supply provider. LPA has reached agreement with Eaton Electrical Products Limited to acquire Eaton’s Powertron business. The Acquisition includes the UK trading division…
EnQuest agrees to acquire Harbour Energy’s business in Vietnam
Acquisition of Harbour Energy’s Vietnam Business LONDON: EnQuest has signed a Sale and Purchase Agreement to acquire Harbour Energy’s business in Vietnam, which includes the 53.125% equity interest in the Chim Sáo and Dua production fields. This transaction aligns with the Group’s strategic aim to grow its international operating footprint by investing in fast-payback assets,…
Manx Financial Group has acquired CAM Wealth Group
LONDON: Manx Financial Group (AIM:MFX), the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, has acquired the UK FCA licenced Wealth Management business, CAM Wealth Group Holdings Limited and its subsidiary CAM Wealth Group Ltd, trading as CAM Wealth. This purchase links to the Group’s…
UK government unveils AI opportunities action plan
LONDON: The UK Government has released its AI Opportunities Action Plan, presented to Parliament by the Secretary of State for Science, Innovation and Technology on January 13, 2025. The plan aims to secure the UK’s future with homegrown AI and highlights the rapid advancements in the field. A small number of companies at the forefront…
New Frontier Minerals forms strategic alliance with Austral Resources
LONDON: New Frontier Minerals Ltd (LSE and ASX: NFM) announced it has signed a Memorandum of Understanding (MOU) with Austral Resources Ltd (ASX: AR1). This strategic alliance aims to leverage their combined strengths across the Mt Isa copper belt to maximize exploration and mining potential from their expanded asset base. “This is an excellent outcome…
BSF Enterprise partners with Sartorius to advance sustainable biotech innovations
LONDON: BSF Enterprise (BSFE), through its subsidiary 3D Bio-Tissues (3DBT), is pioneering the biotech landscape with innovative scaffold-free tissue engineered materials and patented macromolecular crowders. These bio-inert additives, City-Mix™ for the alternative protein industry and CytoBoost™ for the biopharma sector, optimize cell growth without the need for expensive growth factors or animal serum, representing a…
Tritax Big Box acquires Heathrow data center site, forms power JV
LONDON: Tritax Big Box REIT plc has announced the acquisition of a 74-acre site within the Slough Availability Zone near Heathrow Airport. The site, known as the Manor Farm site, is a key location for data centers within the EMEA region. Simultaneously, Tritax has secured a 50% stake in a joint venture with a leading…
Argo Blockchain CEO Thomas Chippas is stepping down
LONDON: Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announced that Thomas Chippas is stepping down from his positions as Chief Executive Officer and Director effective 28 February 2025. Argo intends to engage an executive search firm to assist with the process of selecting a new Chief Executive Officer and will update the market in due…
Thungela Resources announces Moses Madondo as new CEO Designate
JOHANNESBURG: Thungela Resources Ltd. has announced a change in leadership as current CEO July Ndlovu is set to retire in 2025 upon reaching the company’s mandatory retirement age of 60. Ndlovu, who has been at the helm of Thungela, has been recognized for his exceptional leadership and extensive mining experience, which has contributed significantly to…
Predator Oil & Gas Holdings completes strategic investment in Bonasse Field
LONDON: Jersey-based Predator Oil & Gas Holdings Plc (PRD) has announced the completion of a strategic investment by T-Rex Resources (Trinidad) Limited (“TRex”), its wholly owned subsidiary, to acquire 51% of the issued share capital of CRL. This investment grants TRex a majority stake in CRL’s sole asset, the Bonasse Field in the SW Peninsular,…