Page 3 - Tom Fish News Today

OSB Group PLC said Thursday it will start a £150 million ($180 million) share buyback scheme guided by Slaughter and May, as part of the U.K. specialist lender's plan to deliver "attractive and sustainable" returns to shareholders.

Reabold Resources PLC said on Wednesday that it has received a "highly preliminary" offer from an affiliate of financial advisers Portillion Capital to buy the North Sea energy investor in an all-share deal which could be worth almost £19 million ($22.8 million).

Capita PLC said on Monday it has agreed a £21 million ($25 million) deal to sell its human resourcing businesses to investment company allowing the outsourcing giant to focus on its core businesses and cut debt, in a deal guided by Baker McKenzie.

A financial services industry group is lobbying the U.K. government to restore pension tax rules to their previous threshold in the upcoming March budget, claiming they are deterring unemployed older people from returning to the workforce.

Investment manager Kingswood Holdings said on Friday that it has completed the €25.6 million ($27.2 million) purchase of a majority stake in Moloney Investments Ltd., an Irish financial advisory firm, after receiving regulatory approval.

Tritax Big Box said on Thursday that it has agreed the sale of three major logistics facilities to an undisclosed real estate investor, which the U.K. real estate investment trust said will be a £125 million ($149.6 million) deal.

London Stock Exchange Group PLC said Thursday it is planning a directed share buyback from the Blackstone/Thomson Reuters consortium worth up to £750 million ($898 million) by April 2024 after reporting strong 2022 financial results.

Nexus Infrastructure PLC has said it plans to return £63 million ($76 million) to shareholders in a share buyback program advised by Travers Smith LLP after the engineering company completed the sale of two of its divisions to a private investment firm.

Circle Property PLC said on Friday that it has agreed to sell its largest remaining asset for around £12.3 million ($14.7 million) in cash, which the specialist regional office investment and development company will return to shareholders.

R&Q Insurance Holdings Ltd. said on Thursday that it is selling its minority 40% stake in Tradesman, a specialist broker, to the company's controlling shareholder and will use the proceeds of approximately $47 million to fund its business and pay back debt.