LONDON: Ofgem has announced that rules preventing energy suppliers from offering lower prices exclusively to new customers will remain in place to ensure all households can access the best available deals. The regulator has decided to keep the Ban on Acquisition-only Tariffs (BAT) – which ensures all customers have access to the best deals –…
Category: London Stock Exchange
News and updates from London Stock Exchange
Vicki Sloane appointed CEO of Oxygen Finance
LONDON: TruFin Plc announced that Vicki Sloane has today been appointed CEO of Oxygen Finance. Vicki was previously Oxygen’s Chief Client Officer (“CCO”), having held various roles since joining the organisation in 2012. As CCO she ran the Early Payment division, Oxygen’s largest revenue stream, growing the division by 26% during 2023 and by 29%…
NatWest Group acquires Metro Bank’s £2.5 portfolio of UK residential mortgages
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in…
Knights Group has agreed to acquire Thursfields Solicitors for £12.5m
LONDON: Knights Group has agreed to acquire Thursfields Legal Limited (Thursfields Solicitors”), a premium, full service legal services business with offices across the West Midlands. Under the terms of the acquisition, Knights will acquire Thursfields Legal Limited from its ten shareholders on a debt free, cash free basis, for a total consideration of c.£12.5m. This comprises…
Software Circle has acquired Link Maker Systems for £4.5m
LONDON: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of Link Maker Systems Limited. Link Maker’s adoption platform joins-up children’s social care across the UK to increase placement choice for children, and to improve use of data and collaboration between local authorities and adoption agencies. The total consideration of £4.5m will…
Vodafone Spain and MasOrange agree terms to create a joint fibre network company
LONDON: Zegona Communications plc (LSE: ZEG) announced Vodafone ONO, S.A.U. (Vodafone Spain) and MasOrange have signed a confidential non-binding term sheet setting out the proposed key terms for a national network sharing agreement. The proposed transaction will involve Vodafone Spain and MasOrange creating a joint fibre network company. This will cover approximately 11.5 million premises…
Informa PLC offers to acquire Ascential Plc for £1.2 billion
LONDON: Informa PLC reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Ascential Plc. Under the terms of the offer, each Ascential shareholder will be entitled to receive 568 pence in cash/share valuing the share capital of Ascential at approximately £1.2 billion…
Urban & Civic is set to acquire L&Q Estates from London & Quadrant Housing Trust
LONDON: Urban & Civic is set to acquire L&Q Estates from London & Quadrant Housing Trust (L&Q). The sale, now unconditional, will soon be completed. L&Q Estates, a strategic land business, promotes sites through the planning process and delivers serviced land to the market. Urban & Civic, a leading UK Master Developer, was chosen to…
Ocula Technologies received £3.25m series A investment in a round led by Praetura Ventures
LONDON: Ocula Technologies Holdings, a growing SaaS business specialising in providing AI insights to e-commerce businesses, has received £3.25m of series A investment in a funding round led by Praetura Ventures, a UK based venture capital firm. Castelnau, a founding shareholder in Ocula, and Lloyds Banking Group via its fintech investment team, have also added…
NextDecade Corporation appoints Tarik Skeik as Chief Operating Officer
HOUSTON: NextDecade Corporation (NASDAQ: NEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver…
Vodafone sells further 10% in Vantage Towers for €1.3bn
LONDON: Vodafone Group Plc announced the sale of a further 10% stake in Oak Holdings GmbH, the partnership that co-controls Vantage Towers, for €1.3 billion. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR that was envisaged when the co-control partnership…
Gavin Isaacs appointed CEO of Entain Plc
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, announced that Gavin Isaacs has been appointed as Chief Executive Officer (“CEO”), effective from 2 September 2024. Gavin Isaacs has over 25 years of experience across the global sports betting, gaming and lottery industries. His broad leadership experience has been built through previous roles within companies including…