News and updates from London Stock Exchange
SOUTHAMPTON: Croma Security Solutions Group Plc has completed its acquisition of Added Security Technology Limited, a Portsmouth-based provider of intercom and door entry systems, in a deal worth approximately £1.74 million, the company announced. Croma, which trades on London’s AIM market under the…
LONDON: RWS Holdings plc, a London-listed artificial intelligence solutions company, announced Monday it has agreed to acquire Acogroup, the parent company of language and content services provider Acolad, in a deal valued at £22.4 million ($26 million) in enterprise value. The…
LONDON: J Sainsbury plc has agreed to sell Argos, the general merchandise retailer it has owned for more than a decade, to Swift Partners, a newly formed company led by three retail executives and backed by investment firm True Capital. The deal, announced Friday,…
MADRID: Banco Santander said Friday it plans to launch an exchange offer to buy the outstanding shares of its Brazilian subsidiary that it does not already own, offering a 15% premium in a deal valued at up to €1.9 billion. The Spanish banking group…
LONDON: HSBC has agreed to sell its Australian home loan and personal loan business to funds managed by Blackstone, the bank announced Friday, marking the lender’s exit from retail banking in the country as part of a broader global simplification push. Under the deal,…
LONDON: Hilton Food Group plc has agreed to sell Dalco Food B.V., its Dutch-based vegan and vegetarian business, to Livekindly Production NL B.V. for total consideration of £5.4 million, the companies announced. The deal is still subject to standard approvals and deliverables,…
A consortium deal will carve up Picton’s portfolio between two listed REITs, promising shareholders a bigger dividend and an end to a long-running share price discount. LONDON: Picton Property Income has agreed to be acquired in a joint all-share offer from…
ZURICH: UBS Group AG delivered a robust set of second-quarter results on Tuesday, posting a net profit of $2.8 billion and showcasing the strength of its integrated franchise nearly three years after the historic acquisition of Credit Suisse. The Swiss banking giant…
LONDON: Mining giant Rio Tinto has delivered a transformative first-half performance, reporting a 28% increase in underlying EBITDA to $14.8 billion and a 75% jump in free cash flow to $3.8 billion, driven by robust commodity prices and accelerating productivity gains across its…
LONDON: Tracsis plc has announced a transformative acquisition of Mistral Data Limited, a UK rail software provider, in a deal worth £48 million that accelerates the company’s transition to a scalable software product business. The acquisition, which is subject to clearance from…
LONDON: Tavistock Investments Plc has acquired an 87.9% stake in Plus Group of Companies Ltd., a provider of AI Agent technology and paraplanning services to U.K. financial advisory firms, the company announced. The initial consideration for the acquisition is £900,000 payable in cash,…
LONDON: Serica Energy plc has agreed to acquire rival oil and gas producer Pharos Energy plc for approximately 145.7 million pounds in cash, topping an existing offer from Ratio, the companies announced Monday. Under the terms of the scheme of arrangement, Pharos…