LONDON: Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer, announces that Peter Sharp has informed the Board of his intention to retire as Chief Executive Officer (“CEO”) and a Director of the Company during 2025. As part of the Group’s ongoing succession planning, and following a third-party-led recruitment process involving both internal and…
Category: London Stock Exchange
News and updates from London Stock Exchange
FirstGroup acquires Grand Union Trains GWML Holdings Limited
LONDON: FirstGroup plc has announced the acquisition of Grand Union Trains GWML Holdings Limited, which holds track access rights for a new open-access rail service between Carmarthen and London Paddington. Additionally, FirstGroup has applied to the Office of Rail and Road (ORR) to expand this service with extra routes to Paignton, Devon. New Carmarthen to…
Warpaint London offers to acquire Brand Architekts Group for £13.88 million
LONDON: Warpaint London plc reached agreement on the terms and conditions of a recommended cash offer to acquire Brand Architekts Group plc. Under the terms, each Brand Architekts shareholder will be entitled to receive 48 pence in cash per share. The acquisition values Brand Architekts’ entire issued, and to be issued, ordinary share capital at…
Cardfactory has acquired Garven Holdings for $25 million
LONDON: cardfactory, the UK’s leading specialist retailer of greeting cards, gifts and celebration essentials, has acquired the entire issued share capital of Garven Holdings LLC and its subsidiaries. Garven trades as Garven Design and Cadence Packaging and is a leader in the design and wholesale of gifts and celebration essentials, based in Minnesota, USA. In…
Vodafone sells its 3.0% shareholding in Indus Towers Limited
LONDON: Vodafone Group Plc has launched a placing of its remaining 79.2 million shares in Indus Towers Limited representing 3.0% of Indus’ outstanding share capital through an accelerated book build offering. The proceeds will be used firstly to repay Vodafone’s outstanding borrowings of $101 million to Vodafone’s existing lenders, secured against Vodafone’s Indian assets. Under the terms…
GreenRoc Strategic Materials inks MOU with Morrow Batteries for sustainable lithium-ion battery cells
GreenRoc Strategic Materials plc (AIM: GROC), a company specializing in critical mineral projects in Greenland, announced a significant step forward with the signing of a Memorandum of Understanding (MOU) with Morrow Batteries ASA, a Norwegian firm focused on developing sustainable and high-performance lithium-ion battery cells. Alongside this MOU, GreenRoc has initiated the setup of a…
Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project
LONDON: Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia. Under the Term Sheet, which includes exclusivity obligations to work towards a binding Definitive Agreement, Rio Tinto will continue to develop and…
Rio Tinto pushes for stronger, diversified portfolio with new investments
LONDON: In a bid to strengthen its portfolio, Rio Tinto announced its ambitious growth plans today during its 2024 Investor Seminar in London. The company aims to enhance its position as a global leader in energy transition materials and ensure long-term shareholder returns. Jakob Stausholm, Rio Tinto’s Chief Executive, stated, “We have all the building…
Vinanz Limited applies for LSE listing, plans capital structure simplification
LONDON: Vinanz Limited (US OTCQB: VINZF and AQSE: BTC in London), a publicly listed Bitcoin mining company, has announced its intention to apply for the listing of its ordinary shares on the Official List of the Financial Conduct Authority (FCA) and trading on the main market of the London Stock Exchange (LSE). This move is…
Tungsten West appoints Stephen Harrison as Non-Executive Chairman
LONDON: Tungsten West (LON:TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK, announced the appointment of Stephen Harrison as Non-Executive Chairman of the Company. David Cather will continue to serve as a Non-Executive Director of the Company. Stephen is currently Chairman of Epwin Group plc, the…
IRIS Software signs deal to acquire Dext Software
LONDON: IRIS Software Group, a leading global provider of accountancy, education management, HR and payroll solutions, today announced a definitive agreement to acquire Dext Software Ltd, a leading bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms – Dext’s Bookkeeping Automation Platform and IRIS Elements – to deliver a complementary and fully…
Bigblu Broadband to sell Australian subsidiary, SkyMesh, for AUD 50.2 million
LONDON: Bigblu Broadband plc (AIM: BBB.L) has announced plans to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd, a new company set up by Salter Brothers Asset Management. The deal, known as the “Disposal,” is valued at up to AUD$50.20 million (£25.67 million). Deal Details – Initial Payment: 59.8% of…