LONDON, UK: Duke Capital Limited, a leading provider of hybrid capital solutions for SMEs, has announced the successful exit of its investment in Fabrikat, a UK manufacturer of street lighting columns and guard rails. The exit delivers an internal rate of return (IRR) of 36% for Duke, with the possibility of further gains from deferred…
Harbour Energy reports 2023 results
LONDON: Harbour Energy plc, an independent oil and gas company, today announced its results for the year ended 31 December 2023 and provided an update on its outlook and acquisition plans. Harbour financial highlights The company reported a production of 186 kboepd, within guidance, and operating costs of $16/boe, in line with guidance, for 2023….
Hansard Global reports 32% rise in profit amid higher fees and interest rates
LONDON, UK: Hansard Global plc, the specialist long-term savings provider, announced its results for the six months ended 31 December 2023, showing a 32% increase in profit before tax to £4.1m, compared to £3.1m in the same period last year. Hansard Global attributed the improved performance to higher fee income, especially from its international business,…
ORR approves new Grand Union Trains Services between London and Stirling
The latest access decision by the Office of Rail and Road (ORR) provides more services for rail passengers travelling between London and central Scotland. LONDON: ORR has given the go-ahead for Grand Union Trains, an open access operator, to start a new train service between London and the city of Stirling, from June 2025. ORR’s…
HSS Hire Group to sell ABird Limited and APEX Generators Limited for £23.25 million
LONDON, UK: HSS Hire Group has entered into an unconditional agreement to sell ABird Limited and APEX Generators Limited, the Group’s power solution providers, to CES Global for an enterprise value of £23.25 million. The cash proceeds from the disposal will further strengthen the Group’s balance sheet, a company announcement on London Stock Exchange noted….
Nationwide Building Society to buy Virgin Money for £2.9 billion in cash
LONDON, UK: Nationwide Building Society has agreed to acquire Virgin Money UK PLC for £2.9 billion in cash, in a deal that would create the UK’s second largest mortgage and savings provider. Virgin Money shareholders would receive 220 pence per share, including a dividend of 2 pence, which is a 38% premium to the market…
Envipco reports record revenues and profits in Q4 23, driven by European expansion
OSLO: Envipco, a global leader in recycling systems and reverse vending machines, announced its Q4 23 results on Thursday, March 7, 2024, showing a remarkable growth in revenues and profits, mainly due to its successful expansion in Europe. The company reported a 165% year-on-year increase in group revenues to EUR 35.4 million, with Europe accounting…
Pelagia Holdings has acquired Ideal Foods
OSLO: Pelagia Holdings has acquired 100% of the shareholding in Ideal Food Limited and its subsidiaries. Ideal Foods is an established and successful trader, headquartered in Cornwall, United Kingdom, specialising in the provision of fish, shellfish and co-products to a global market. In addition, Ideal Nutritional Foods, a subsidiary of Ideal Foods, is a dedicated…
iRangers and Gunbrig merge to form DeepDive World
Cybersecurity and IT advisory giants iRangers and Gunbrig have merged to establish DeepDive World, a new powerhouse in digital security and IT strategy. The merger is a culmination of a longstanding partnership, aiming to harness their collective expertise to provide unparalleled cybersecurity services, cloud solutions, and IT strategies. Dima Zodek, CEO of Gunbrig, and Misha…
Spacely AI Secures Pre-Seed Funding from SCB 10X
Spacely AI has announced the closure of a pre-seed investment round led by SCB 10X. This strategic infusion of funds is set to propel Spacely AI’s mission of democratizing interior architecture design through its Generative AI platform, enabling users globally to craft their own success in spatial design. Mukaya (Tai) Panich, CEO of SCB 10X,…
Doctor Care Anywhere Group appoints CEO and CFO
SYDNEY, AUSTRALIA: Doctor Care Anywhere Group PLC (ASX:DOC) has announced the appointment of Ben Kent as the Chief Executive Officer (CEO) and Seema Sangar as the Chief Financial Officer (CFO). Ben Kent, who has served as the interim CEO for the past year, has been instrumental in steering the company through a period of strategic…
Inghams Group to acquire Bostock Brothers for NZ$35.3 million
SYDNEY, AUSTRALIA: In a strategic move to bolster its market position, Inghams Group Limited (ASX: ING) has announced plans to acquire Bostock Brothers, New Zealand’s sole organic poultry producer, for NZ$35.3 million. The deal includes the purchase of 100% of Bostock Brothers Limited shares, the Bostock brand for poultry products, three farming properties, and a…