LONDON: Esken Limited has announced the suspension of its restructuring plan, citing commercial non-viability and legal complexities under Guernsey law. The company, which had been exploring restructuring options, has identified an unacceptable level of risk associated with the court process required to implement the proposed plan. The board, after a thorough review of Esken’s financial…
Aquis Exchange plc reports 13% increase in basic earnings per share during 2023
LONDON, UK: Aquis Exchange PLC (AQX.L), a pioneering force in the development of next-generation financial markets, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a commendable increase in net revenue and profits, attributing its success to a diversified portfolio and strategic market expansions. Financial Performance…
Dowlais Group reports 6.3% growth in revenue to £5.48 billion in 2023
LONDON, UK: Dowlais Group plc, a leading specialist engineering group in the automotive industry, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a significant revenue increase and robust profit margins, reflecting strong performance and strategic advancements in the sector. Financial Highlights: Operational Setbacks: Earnings and…
Waga Energy secures €52 million for global expansion in oversubscribed offering
PARIS, FRANCE: Waga Energy, renowned for transforming landfill gas into Renewable Natural Gas (RNG), has announced a triumphant capital increase of €52 million. The accelerated bookbuild offering, which was initially targeted at a minimum amount, saw a 15% increase due to overwhelming demand from both international and French investors. The fresh capital, raised through the…
Aptitude Software announces robust financial performance and strategic advances for 2023
LONDON, UK: Aptitude Software Group plc (LSE: APTD), a leading provider of finance transformation software solutions, has released its audited financial results for the year ended December 31, 2023. The company reported a solid financial performance with a notable increase in annual recurring revenue and profits, alongside strategic progress in its operations. Financial Highlights: Strategic…
Energean Israel reports gross profit of $495.7 million in 2023
LONDON, UK: Energean Israel has reported a comprehensive income statement for the year ended December 31, 2023, showcasing a significant leap in revenue and net profit compared to the previous year. The company’s revenue skyrocketed to $939,836,000 in 2023, a substantial increase from a modest $27,122,000 in 2022. This surge in revenue led to a…
Tritax Big Box and UK Commercial Property REIT to merge in a £924 million deal
LONDON: Tritax Big Box REIT (BBOX) and UK Commercial Property REIT Limited (UKCM) have announced a definitive all-share merger agreement. Under the terms of the deal, BBOX will acquire all the issued and to be issued ordinary share capital of UKCM. Shareholders of UKCM are set to receive 0.444 new BBOX shares for each UKCM…
NEXT Group posts 5% surge in profit to £918 million in 2023
LONDON, UK: NEXT Group has announced its financial results for the year ending January 2024, showcasing a steadfast increase in sales and profits despite challenging market conditions. The retail giant reported total group sales of £5,842 million, marking a 5.9% increase from the previous year’s £5,516 million. This growth is attributed to the company’s strategic…
OPG Power Ventures sells solar assets in India
LONDON, UK: OPG Power Ventures Plc (AIM: OPG), the developer and operator of power generation assets in India, announced the sale of the Group’s 31% equity holding in the four solar assets totalling 62 MW located in Karnataka, India. As previously announced, the Group has been seeking to divest its stake in the solar assets…
Aukett Swanke’s Torpedo Factory acquires assets of RTS
LONDON, UK: Aukett Swanke’s wholly owned subsidiary Torpedo Factory Ltd (TFL) has acquired certain assets of RTS, a company (trading as Vanti) which provided master system integration and smart building software to commercial properties in the UK. The acquisition introduces SaaS revenues from RTS’s smart buildings software and, in the opinion of the Directors, marks…
Recommended cash acquisition of Virgin Money UK by Nationwide Building Society
LONDON, UK: Nationwide Building Society has agreed to a cash acquisition of Virgin Money UK, valued at approximately £2.9 billion. Each Virgin Money shareholder is set to receive 220 pence per share, which includes 218 pence in cash consideration and a 2 pence proposed dividend. This offer marks a significant premium over recent closing prices,…
Parkin appoints xCube as liquidity provider
DUBAI: Parkin Company PJSC, (DFM: PARKIN), the largest provider of paid parking facilities and services in Dubai, has appointed xCube LLC, a leading Dubai-based market making and brokerage platform, as a Liquidity Provider. Under the terms of the agreement, xCube will provide liquidity for Parkin shares that recently listed on the Dubai Financial Market (DFM)….