LONDON: The Office of Rail and Road announced today that it is directing HS1 Ltd to lower its charges for passenger and freight train operating companies to use the high speed rail line from London to the Channel Tunnel, from April 2025. The regulator’s decision, published in its Final Determination of HS1 Ltd’s spending plans…
Category: London Stock Exchange
News and updates from London Stock Exchange
Sword Group commences 2028 business plan to achieve organic growth
PARIS: Sword Group announced the launch of its 2028 Business Plan, driven by the dedication of its employees, the loyalty of its customers, and the stability of its investors. Chairman and CEO Jacques Mottard shared the company’s clear strategic vision, which aims to turn challenges into opportunities for growth. Strategic Principles Sword’s management style emphasizes…
Coinsilium and Otomato collaborate to enhance digital asset trading strategies
LONDON: Coinsilium Group Limited (AQUIS: COIN, OTCQB: CINGF), a Web3 investor, advisor, and venture builder, announced a strategic collaboration with Otomato Inc., a pioneering Web3 technology platform specializing in autonomous agent-based solutions. This collaboration aims to leverage Otomato’s cutting-edge technologies to maximize the return potential of Coinsilium’s digital asset treasury holdings. The partnership comes at…
Roquefort Therapeutics signs term sheet for $10 million sale of subsidiary
LONDON: Roquefort Therapeutics (LSE:ROQ), a publicly traded biotech company, announced it has signed a term sheet for the sale of its wholly-owned subsidiary, Lyramid Pty Ltd, to Pleiades Pharma Limited. The proposed deal values Lyramid at a minimum of $10 million. Roquefort and Pleiades plan to finalize the transaction within 30 days. The agreement includes…
Thruvision Group appoints Victoria Balchin as Chief Executive Officer
LONDON: The Board of Directors of Thruvision Group plc (AIM: THRU), the leading international provider of walk-through security technology, announced the appointment of Victoria Balchin, currently Chief Financial Officer, as Chief Executive Officer with effect from 2 January 2025. Following the departure of Colin Evans in October 2024, working closely with Executive Chairman Tom Black,…
Safestore to acquire Easybox, Italy’s second largest self-storage operator
LONDON: Safestore, one of the UK’s largest self-storage groups, has entered into a 50/50 joint venture with Nuveen Real Estate to acquire Easybox, Italy’s second largest self-storage operator by number of stores, for €175m. Safestore will initially invest c. €45 million for its 50% share in the joint venture which has also been funded by joint…
FTV VIII offers to acquire Windward Ltd for £216 million
LONDON: FTV VIII, L.P., through Octopus UK Bidco Limited, reached agreement on the terms of a recommended cash acquisition of Windward Ltd. Under the terms of the acquisition, Windward shareholders will be entitled to receive 215 pence per Windward share in cash. The acquisition values the entire issued and to be issued ordinary share capital…
Chesnara plc announces acquisition deal with Canada Life Limited
LONDON: Chesnara plc, a leading European life and pensions consolidator, has struck a significant deal with Canada Life Limited to acquire a closed portfolio comprising unit-linked bonds and legacy pension business, encompassing approximately 17,000 policies and total assets under management of £1.5 billion as of 31 December 2023. The agreement will see these policies transferred…
Aviva agrees to acquire Direct Line Insurance Group in a £3.7 billion deal
LONDON: Aviva Plc has announced that it has reached an agreement on the terms of a recommended cash and share offer for Direct Line Insurance Group. The acquisition deal outlines that for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend…
Banco Santander sells 30.5% stake in CACEIS to Crédit Agricole S.A.
Banco Santander has entered into an agreement to sell its 30.5% stake in CACEIS to Crédit Agricole S.A. The transaction will enable Crédit Agricole S.A. to gain full control of CACEIS, a prominent entity in the depositary, custody, and related asset servicing business. This deal aligns with Santander’s strategy to proactively allocate capital and create shareholder…
The Citation Group welcomes HarbourVest Partners as new investor
LONDON: The Citation Group, a global provider of tech-enabled compliance and certification solutions for small to medium-sized enterprises (SMEs), announced today that HarbourVest Partners, a global private markets investment manager, has joined as a new investor. This investment will see HarbourVest collaborate with Citation’s management team and current majority investors, KKR and Hg, to support…
Henry Boot acquires full ownership of Stonebridge Homes
SHEFFIELD: Henry Boot has announced the acquisition of the remaining 50% share of Stonebridge Homes Group Ltd, making it the sole owner of the premium regional housebuilder. This move allows Henry Boot to fully control a high-growth business in the UK residential market. The acquisition will be completed in three phases over the next five…