News And Announcements
Kingswood to acquire Harrogate-based Metnor Holdings
Wealth and investment management group Kingswood Holdings has agreed to acquire the Harrogate-based Metnor Holdings, which owns IBOSS Asset Management and Novus Financial Services.
Hambro Perks planning first ever London Spac listing
Venture capital firm Hambro Perks said on Tuesday that it plans to raise up to £150m listing a special purpose acquisition vehicle (Spac) in London.
Deltic Energy completes 3D survey after Cairn farm-out
Natural resources investment company Deltic Energy announced on Tuesday that the 3D seismic survey over licence P2428 and its surrounding areas was now complete.
Third-quarter sales spark at Best Buy, shares fall on outlook concerns
Shares in US electronics retailer Best Buy fell sharply on Tuesday despite third-quarter numbers beating expectations.
Marks & Spencer takes 25% stake in fashion brand Nobody's Child
Marks & Spencer said on Tuesday that it has bought a 25% stake in eco-conscious womenswear brand Nobody’s Child for an undisclosed sum, having worked with the business for a year.
High-speed grocery delivery firm Getir to buy rival Weezy
High-speed grocery delivery firm Getir has agreed to buy London-based rival Weezy for an undisclosed sum.
House sales plummet as stamp duty holiday ends
The number of homes sold in the UK tumbled by more than half last month, official data showed on Tuesday.
4basebio enters development deal with T-cell therapy firm Leucid
Life sciences company 4basebio announced a joint development agreement between its wholly owned-subsidiary 4basebio Discovery and Leucid Bio on Tuesday, which it said was pioneering “next-generation” chimeric antigen receptor T-cell (CAR-T) therapies for hard-to-treat cancers.
Canada's Magna puts $10m into Seeing Machines' $41m fundraise
Computer vision technology company Seeing Machines raised $41m (£30. 4m) before expenses in a placing and subscription on Tuesday, which it planned to spend on growing its presence in the driver monitoring systems market.
'Unprecedented' revenue growth leads to record first-half for Victoria
Flooring company Victoria reported “unprecedented” 30% growth in like-for-like organic revenue in its interim results on Tuesday, leading to all-time record operating results.
IG Design confident despite 'challenging' first half
Greeting card and giftware designer IG Design Group reported a “challenging” first half on Tuesday, with cost headwinds and supply chain limitations leading to lower-than-expected revenue and reduced year-on-year operating margins, despite strong demand.
TinyBuild buys Versus Evil, Red Cerberus in deal worth up to $31m
Video game developer and publisher TinyBuild announced the acquisition on Tuesday of United States-based Versus Evil, which publishes “acclaimed” titles including The Banner Saga, as well as its Brazil-based games service provider subsidiary Red Cerberus.
Tremor in contact with third party amid shareholder pressure
Advertising technology company Tremor International responded to speculation that it was facing pressure to consider a sale on Tuesday, confirming that it had been in contact with an unnamed third party.
Eurasia Mining confirms possibility of Moscow dual listing
Palladium, platinum, rhodium, iridium and gold producing company Eurasia Mining responded to media speculation on Tuesday around the possibility of listing on the Moscow Exchange, while retaining its listing on AIM.
Knights Group performing well despite costs of expansion
Legal and professional service provider Knights Group reported first-half revenue of £59. 7m in a trading update on Tuesday, representing year-on-year growth of 29%.
Ofcom ends competition probe as PayPoint agrees to pay £12.5m
Energy regulator Ofgem said on Tuesday that it will put an end to an investigation into PayPoint after it agreed to pay £12. 5m to address competition concerns.
International PPL portfolio continue to achieve 'strong and sustainable performance'
Investment firm International Public Partnerships revealed on Tuesday that it had continued to achieve a "strong and sustainable performance" from its investment portfolio.
Goldman offshoot Petershill Partners performing in line post-IPO
Private equity investment company Petershill Partners reported aggregate partner-firm assets under management of $203bn at the end of its third quarter on Tuesday, growing 8% during the quarter and 35% year-on-year.
Mortality claims and vaccine hesitancy a concern for Old Mutual
Old Mutual reported an 18% improvement in life annual premium equivalent (APE) sales in an unscheduled trading update on Tuesday, to ZAR 8. 14bn (£390m).
AO World warns profits to be hit by supply chain issues, product shortages
Online electrical retailer AO World cut its profit outlook as it warned of product shortages due to supply chain issues and higher costs.