LONDON: International Biotechnology Trust PLC announced Wednesday it has entered into an agreement with Schroders Capital to establish a partnership aimed at investing in unquoted biotechnology companies. The new partnership is designed to provide the Company’s shareholders with long-term access to a diversified portfolio of earlier-stage, private biotechnology firms. The Company intends to make an…
Category: London Stock Exchange
News and updates from London Stock Exchange
Prosus declares Just Eat Takeaway.com offer unconditional, clearing path to acquisition
AMSTERDAM: Prosus N.V. announced Thursday that its public offer for Just Eat Takeaway.com (JET) has been declared unconditional, paving the way for the transaction to close successfully. The move follows the tendering or irrevocable commitment of approximately 90.13% of JET’s issued and outstanding share capital. With all offer conditions satisfied, settlement is scheduled for Oct….
Pennon Group appoints Keith Haslett as new Group Chief Executive
LONDON: Pennon Group today announces the appointment of Keith Haslett as Chief Executive Officer and Executive Director. Keith has been the CEO of Affinity Water since January 2023 and is currently expected to join Pennon during 2026, following his notice period. During his tenure at Affinity, Keith has delivered significant improvements in business performance and…
Vault Ventures Plc has sold all of its Solana (SOL) holdings
LONDON: Vault Ventures Plc (AQSE: VULT), a London based technology developer focused on AI, blockchain and fintech innovation, has sold all of its Solana (SOL) holdings and realised a profit of approximately £96,000 ($130,000). Following the disposal the Company only holds Ethereum (“ETH”) in its treasury. The proceeds from the Disposal of SOL will be…
LiveWest Homes Limited and Bromford Flagship Limited mull business combination
LONDON: LiveWest Homes Limited and Bromford Flagship Limited in talks to form a combined business focused on sustainable growth and investing in homes, services and communities LiveWest Homes Limited (LiveWest) and Bromford Flagship Limited (Bromford Flagship) have agreed to enter into formal discussions with a view to creating a combined business. If the outcome results…
Victoria PLC CEO Philippe Hamers to step down
LONDON: Victoria PLC (LSE: VCP), the international flooring group, announced Tuesday that Group CEO Philippe Hamers has proposed stepping down from his role around mid-2026, following nearly nine years of leadership and the successful completion of the company’s refinancing initiatives. The announcement comes after Victoria secured a new £130 million super senior credit facility and…
Eesti Energia to consolidate electricity business under subsidiary Enefit
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…
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…