LONDON, UK: James Fisher and Sons plc (FSJ.L) has entered into an agreement for the sale of the entire issued share capital of RMSpumptools Limited (RMS) to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation for a total enterprise value of £90 million. It is in line with James Fisher’s strategy to simplify and…
Navigator Paper UK offers to acquire Accrol Group Holdings for £127.5 million
LONDON, UK: Navigator Paper UK Limited, a subsidiary of The Navigator Company has agreed to takeover Accrol Group Holdings plc in an all-cash transaction. The transaction is valued at approximately £127.5 million and will be executed via a Court-sanctioned scheme of arrangement, with an alternative Takeover Offer as a reserved option. Accrol shareholders are set…
HPI announces major assets sale and capital investment program
SYDNEY , AUSTRALIA: HPI has announced the sale of four key assets to Australian Venue Co. for a total consideration of $48.6 million. The sale, structured in two tranches, will see the immediate reinvestment of proceeds into a capital investment program aimed at upgrading other properties within HPI’s portfolio. The transaction is set to deliver…
How does PayPal work? A Financial Perspective
PayPal is a digital payment platform that allows users to conduct transactions online without entering their financial details into every website they deal with. You can link your credit card and/or bank account to the platform, then use it to shop at retailers who accept PayPal, send money to other users, or manage your finances…
Substrate AI to raise €10 million for subsidiary Subgen AI at €200 million valuation
LONDON, UK: Substrate AI (SAI/SAI.B) has entered into an agreement with the FINRA-regulated Californian investment bank, GT Securities, to identify potential investors or partners for its subsidiary, the generative artificial intelligence company Subgen AI Ltd and raise at least €10 million. The agreement valued Subgen AI at €200 million and the investment round will be…
Blue Star Capital reports significant loss amidst investment write-downs
LONDON, UK: Blue Star Capital plc (AIM: BLU), a prominent investment firm specializing in esports, technology, and related media and gaming sectors, has disclosed its annual financial results for the year concluding on September 30, 2023. The company reported a substantial pretax loss of £6,329,473, a stark increase from the previous year’s £1,301,008. The considerable…
FirstGroup wins London cable car contract
LONDON: FirstGroup plc has been awarded the contract by Transport for London (TfL) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames. The contract will commence on 28 June 2024 and has an initial core five-year term with…
En+ Group reports net profit plummeted 61.2% to $716 million in 2023
LONDON: En+ Group IPJSC, a leading global producer of aluminium and power, has released its financial and operational results for the fiscal year 2023, revealing a challenging economic landscape marked by geopolitical tensions and market volatility. Despite a significant drop in aluminium prices and a rapid rise in the dollar exchange rate, En+ managed to…
Esken Limited enters administration amid restructuring challenges
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…