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Share Price: 515.00

Bid: 510.00

Ask: 520.00

Change: 0.00 (0.00%)

Spread: 10.00 (1.961%)

Open: 515.00

High: 515.00

Low: 515.00

Prev. Close: 515.00

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IN BRIEF: BP Marsh investee LEBC to be incorporated into Aspira

Wed, 09th Aug 2023 14:27

BP Marsh & Partners PLC - London-based venture capital investor in financial services businesses - Says that Aspira, a wholly owned subsidiary of LEBC, has acquired the trading assets and personnel of sister company, LEBC Group. BP Marsh & Partners has a 59% shareholding in LEBC. Says the combination "brings together the expertise of the two businesses under one brand" and will result in an "enhanced service" for both its individual and corporate clients.

LEBC Group & Aspira Chief Executive Officer Derek Miles says: "All LEBC staff and personnel will be incorporated into Aspira, with the shared management team unchanged. I look forward to leading the combined company as we continue to provide high-quality advice to our expanded client base."

Current stock price: 390.000, down 1.3%

12-month change: up 27%

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Private equity investor B.P. Marsh & Partners saw its profits rise in the first six months of the year after a period of portfolio growth. The company's net asset value (NAV) increased to £59.8m compared to the £56.9m seen in the same period last year, while profit before tax rose to £2.1m from £1.6

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LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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Tuesday broker round-up UPDATE

Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley

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IN BRIEF: BP Marsh investee LEBC to be incorporated into Aspira

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