RIV.L Share News (RIV)

IN BRIEF: AssetCo says CEO to leave after "extremely demanding" period

AssetCo PLC - London-based asset management fund - Says Chief Executive Officer Campbell Fleming has decided to step down for personal reasons, effective June 30. Campbell oversaw AssetCo's formation, as well as multiple acquisitions. AssetCo will not replace Campbell directly; instead, Executive Chair Martin Gilbert and Chief Financial & Operating Officer Gary Marshall will assume its overall strategic direction and day-to-day operations, respectively. Alex Hoctor-Duncan, CEO of AssetCo's principal operating company and 2022 acquisition River & Mercantile Group PLC, also will continue taking on additional responsibilities.

AssetCo swings to half-year loss; in "sound shape" as R&M deal closes

(Alliance News) - AssetCo PLC on Wednesday said it swung to a half-year loss in a busy period for the firm as it bought River & Mercantile Group PLC.

IN BRIEF: River & Mercantile shares suspended as takeover complete

River & Mercantile Group PLC - London-based advisory and asset management company - Shares suspended from trading on Tuesday at request of company with takeover by AssetCo PLC complete. Shares to be cancelled from trading on London Main Market on Wednesday.

TRADING UPDATES: Tekcapital fundraise; Kromek wins US government order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: AssetCo's takeover of River & Mercantile gains FCA approval

River & Mercantile Group PLC - London-based advisory and asset management company - Receives change in control approval from the UK Financial Conduct Authority for takeover by AssetCo PLC.

LONDON MARKET CLOSE: Dour day in Europe as New York struggles again

(Alliance News) - European equities slumped on Thursday, after deep sell-offs in New York on Wednesday as retailers across the Atlantic faced heavy selling pressure following a series of warnings on costs, margins and profits.

DIRECTOR DEALINGS: Taseko Mines director buys shares worth USD293,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: River & Mercantile widens half-year loss, ups revenue

River & Mercantile Group PLC - London-based advisory and asset management company - More than doubles its loss in the first half of its 2022 financial year. It posts a loss of GBP13.4 million for the half-year ending on December 31, widening from GBP6.0 million a year ago. Revenue grows 4.2% to GBP13.5 million from GBP12.9 million. As previously reported, subject to shareholders' approval and change of control permission being granted by the Financial Conduct Authority, River & Mercantile will soon be part of AssetCo PLC, Chair Jonathan Dawson says.

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

River & Mercantile completes sale of solutions arm to Schroders

River & Mercantile completes sale of solutions arm to Schroders

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

LONDON BRIEFING: Shares in retailer Joules plunge on business woes

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

TRADING UPDATES: Cordiant raises GBP200 million; Home REIT spends

River & Mercantile agrees to GBP99 million AssetCo takeover

River & Mercantile agrees to GBP99 million AssetCo takeover