LONDON: Hammerson plc today announced the completion of the acquisition of the remaining 50% stake in Westquay for £135m. This gives the Company a 100% interest in a leading retail and leisure destination situated in the heart of the South Coast, which is A rated by Green Street. The consideration will be funded by the…
Category: London Stock Exchange
News and updates from London Stock Exchange
LendInvest completes sixth securitisation of £285 million UK prime buy-to-let and owner-occupied mortgage loans
LONDON: LendInvest plc (LSE: LINV), the UK’s leading platform for property finance and the parent company of LendInvest BTL Ltd and LendInvest Loans Limited, today announced the successful completion of its sixth securitisation in prime UK property loans originated by its Mortgages division. The £285m oversubscribed transaction, “Mortimer 2024-Mix Plc” received Aaa(sf) and AAA(sf) ratings…
Digitalbox has acquired Entertainment Group of GRV Media
LONDON: Digitalbox plc (AIM: DBOX) has agreed to acquire certain online assets, including all associated intellectual property, of the Entertainment Group of GRV Media Ltd. A three-month transitional services agreement with GRV comes into effect from today to support the integration process. Digitalbox is the mobile-first digital media business, which owns leading websites Entertainment Daily,…
Mendell Helium announces major farm-in agreement with Scout Energy
LONDON: Mendell Helium has announced that M3 Helium Corp. has signed an exclusive farm-in and fixed price helium agreement with Scout Energy Partners. This agreement covers 161,280 acres in the Hugoton gas field, one of North America’s largest natural gas fields. As per the announcement on June 27, 2024, Mendell Helium has an option to…
JPMorgan Global Core Real Assets Limited to be wind-down
LONDON: The Board of JPMorgan Global Core Real Assets Limited has decided to propose a managed wind-down of the company, which they believe is in the best interests of all shareholders. To implement the managed wind-down, shareholder approval is required to amend the company’s investment objective and policy. Detailed proposals, including the timeline for asset…
EQTEC signs collaboration agreement in the USA with Simonpietri Enterprises
LONDON: EQTEC plc (AIM:EQT), a leading licensor and innovator of syngas technology for clean conversion of the world’s waste into sustainable energy and biofuels, to power the circular economy, has entered into a Collaboration Framework Agreement with Simonpietri Enterprises LLC, a Hawaii-based developer of innovative project solutions to re-use and recycle waste into sustainable products…
Mobily partners with Telecom Egypt to land first Saudi submarine cable linking Saudi Arabia and Egypt
LONDON: Mobily, a leading Technology, Media, and Telecom (TMT) company in the Kingdom of Saudi Arabia, and Telecom Egypt, the total telecom operator in Egypt and one of the largest subsea cables operators in the region, have signed a cooperation agreement to land the first Saudi submarine cable linking Saudi Arabia and Egypt. The new…
Solid State plc has acquired Q-Par Antennas USA LLC for $2 million
LONDON: Solid State plc (AIM: SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, announced the acquisition of Q-Par Antennas USA LLC for a maximum consideration of up to $2.0m. Q-Par will join the Systems division of the Group. Established in 2014, Q-Par is a recognised and highly regarded…
IMI plc has acquired TWTG Group B.V. for €25 million
LONDON: IMI plc has acquired TWTG Group B.V., a leader in smart connected asset monitoring solutions for process industries based in Rotterdam, the Netherlands. TWTG will become part of IMI’s Process Automation sector. The acquisition of TWTG is fully aligned to IMI’s strategy and purpose, Breakthrough engineering for a better world. TWTG’s exceptional portfolio of…
J Sainsbury sells cards portfolio of Argos Financial Services to NewDay Group
LONDON: J Sainsbury PLC announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support around 20 percent of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the portfolio acquisition…
Coca-Cola HBC reports strong Q3 growth with 13.9% increase in organic revenue
LONDON: Coca-Cola HBC AG has announced its Q3 2024 trading update, highlighting strong organic revenue growth of 13.9% for the quarter and 13.7% year-to-date. The company saw a 4.0% increase in organic volumes, with notable growth in Sparkling (3.9%), Energy (28.0%), and Coffee (35.6%) categories. Organic revenue per case rose by 9.5%, driven by targeted…
Commissioning of two hybrid solar and battery storage projects in Australia
LONDON: VH Global Sustainable Energy Opportunities plc has completed the construction and commissioning of two solar and storage hybrid systems in Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems (“BESS”) situated in New South Wales. Following the completion of these two sites, the operational portion of the Company’s…