It has been announced that Japanese auto giant Mitsubishi will invest £26.2m into the Aim-listed automotive tech firm Seeing Machines. The partnership will see Mitsubishi’s electric mobility arm become a significant shareholder in the company, taking a 19.9 per cent holding. Shares in Seeing Machines soared nearly 20 per cent on the news. Launched in [...]
Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. Under the terms of the deal, shareholders will receive 0.2867 Aviva shares, along [...]