LONDON: Eesti Energia AS announces that starting from 2026, all electricity-related business activities – including retailsales, renewable energy production, energy trading and development, but excluding non-renewable electricity production and reserve power units – will be consolidated into one subsidiary – Enefit OÜ. The reorganisation aims to strengthen the Group’s competitiveness and improve management efficiency. The…
Category: London Stock Exchange
News and updates from London Stock Exchange
Upland Resources Limited signs asset acquisition agreement with Vanguard Drilling Limited
LONDON: Upland Resources Limited has signed an Asset Acquisition Agreement with Vanguard Drilling Limited (“Vanguard”) regarding the proposed acquisition of Vanguard’s proprietary intellectual property, advanced drilling management systems, and the integration of select senior personnel into Upland’s operational structure. This agreement represents a significant development in Upland’s evolution into a fully integrated, technically capable operator in Southeast…
B.P. Marsh invests £10 million in Oneglobal to fuel global insurance expansion
LONDON: B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, said on Tuesday it has invested £10 million in Oneglobal Broking Holdings Limited, a London-based international insurance broker majority-owned by J.C. Flowers & Co. The investment, structured as cumulative convertible preferred shares, will entitle B.P. Marsh to…
Argo Blockchain reports $8.1 million net loss in H1 2025 amid machine relocation and recapitalization plan
LONDON: Argo Blockchain plc reported a net loss of $8.1 million for the first half of 2025, down from $38 million in the same period last year, as the cryptocurrency miner grappled with machine refurbishment and relocation efforts. Revenue fell sharply to $6.3 million from $29.3 million in H1 2024, with Bitcoin production dropping to…
SEEEN plc reports 87% revenue growth, positive EBITDA in first half of 2025
LONDON: SEEEN plc (AIM: SEEN), a global media and technology platform specializing in AI-powered video monetization, reported an 87% increase in revenue for the six months ended June 30, 2025, marking its first full half-year of positive EBITDA. The company posted unaudited interim results Tuesday, highlighting total revenues of $2.1 million, up from $1.1 million…
Close Brothers swings to loss on motor finance provision, cuts dividend
Group reported a statutory operating loss before tax of £122.4 million compared with £132.7 million profit the previous year LONDON: British lender Close Brothers Group reported a full-year statutory loss on Tuesday, driven by a major provision for a regulatory review into motor finance commissions, prompting the company to scrap its final dividend. For the…
Watkin Jones sells major Glasgow student housing project in £182 million joint venture
LONDON: British residential developer Watkin Jones Group has agreed to sell a newly developed, 784-bed student accommodation scheme in Glasgow to a joint venture predominantly owned by Maslow Capital, the company announced on Tuesday. The transaction, which values the project known as “The Ard” at a projected £182 million upon completion, underscores a strategic move…
PayPoint and Royal Mail deepen partnership with £43.9 million Investment in Collect+
LONDON: PayPoint Plc and International Distribution Services (IDS), owner of Royal Mail, announced the next stage in their partnership through a strategic investment in Collect+ to take a 49% ownership, with an investment of £43.9 million, valuing the Collect+ business at £90 million. Currently, Collect+ has a network of over 14,000 Out of Home locations…
Serica Energy acquires portfolio of assets in the UK North Sea for $18.9 million
LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion is…
Genmab A/S to acquire Merus N.V.
LONDON: RTW Biotech Opportunities Ltd, the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announced that the portfolio company Merus N.V. has entered into a definitive agreement to be acquired by Genmab A/S (“Genmab” Nasdaq: GMAB). Genmab will acquire Merus in an all-cash transaction…
United Oil & Gas reports progress on Jamaican exploration, eyes farm-out partner
LONDON: United Oil & Gas Plc (AIM: UOG) on Monday reported unaudited results for the six months ending June 30, 2025, highlighting significant progress on its high-impact Walton Morant exploration licence offshore Jamaica. CEO Brian Larkin said the company had “strengthened the foundations for value creation” at Walton Morant, citing a two-year licence extension to…
Devolver Digital reports H1 2025 results, confident in full-year outlook
Revenue for the period was $38.8 million, a 24.8% decrease from the $51.6 million reported in the same period last year LONDON: Video game publisher Devolver Digital Inc. announced Tuesday its unaudited financial results for the six months ended June 30, 2025, reporting a decline in revenue but affirming it is on track to meet its…