Latest news with #RicardoPlc
Mint
25-07-2025
- Automotive
- Mint
Luxury cars not the biggest opportunity UK senses in India after FTA. It's this
The UK government expects bigger inroads of up to $240 million (about ₹2,076 crore) in auto parts and engine exports to India, surpassing luxury cars, after its free-trade agreement with India. The pact opens up the Indian market for companies including GKN Automotive, Cosworth and Ricardo Plc, among others. According to the UK government's assessment, auto component exports will jump by about £190 million or 150%, suggesting that auto parts and engines to be a key winner for Britain as part of the trade deal. While India's auto component industry doesn't see it as a challenge, the UK's assessment suggests a spike in imports from India in the next few years. Tariff cuts, mutual benefits Under the tariff agreement, most auto parts such as brakes, axles, airbags, suspensions, and engine components imported from the UK will see a gradual reduction in duties from 16% to 0% over 10 years. In return, the UK has agreed to waive 8.5% customs duty on Indian auto component imports. Also Read: Twin wins for Indian auto sector in free-trade pact with UK India exported auto parts worth approximately $191.6 million to the UK, while imports stood at around $138.6 million, according to Saket Mehra, Partner at Grant Thornton Bharat. 'With tariffs on components set to be significantly reduced, Indian manufacturers- particularly those supplying to global OEMs (original equipment makers), are well-positioned to expand their footprint in the UK market." India has also opened up the market for luxury car imports from the UK. Total auto imports from the UK stood around $196 million in FY25, as per commerce ministry data. Industry outlook Better market access and competition from British players come at a time when the government is working on a plan to boost exports of the country's component players to better integrate them in global supply chains. According to an industry consultant working with auto component players, there hasn't been any feeling of the FTA having a disruptive impact on the industry. "In conversations with executives at auto component makers, there is no sentiment that the FTA will have a disruptive impact for the Indian players due to opening up of the market," the person said. Also Read: Tata Motors, Tata AutoComp hit a patchy road in FY25 The analysts expect opportunities for British players in components in the clean vehicle value chain, while Indian players are expected to have new opportunities in internal combustion engine (ICE). Strategic fit for India The country's leading auto component body, the Automotive Component Manufacturers Association of India and many component players said the free-trade agreement will create more opportunities for the domestic industry. "The deal is a significant milestone for the Indian auto component sector, unlocking new opportunities in exports, R&D collaboration, and sustainable manufacturing," said Nirmal K Minda, executive chairman at Uno Minda. 'It also aligns seamlessly with India's Make in India vision, strengthening our role in global supply chains." Amit Kalyani, vice-chairman and joint managing director, Bharat Forge Ltd, said, 'Indian manufacturers can now tap into the UK market with greater competitiveness, improving their global footprint." Also Read: E-truck subsides are on their way—but with a rider and the clock ticking The country's $111-billion auto component industry is a trade surplus sector. In financial year 2024-25, auto component exports stood at $22.9 billion against imports of $22.4 billion. Among the largest exported components, the country dominates in engine parts shipped to various markets, including North America and Europe. Over $7 billion worth of exports went to the North American region alone in the last financial year.
Yahoo
20-06-2025
- Business
- Yahoo
Form 8.5 (EPT/RI) -Ricardo PLC
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Name of exempt principal trader: Investec Bank plc (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Ricardo plc (c) Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Advisor and Joint Broker to Ricardo plc (d) Date dealing undertaken: 19th June 2025 (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A' N/A 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received Ordinary shares Purchases 30,000 435 435 Ordinary shares Sales 18,528 435 435 (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit N/A N/A N/A N/A N/A (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit N/A N/A N/A N/A N/A N/A N/A N/A (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit N/A N/A N/A N/A N/A (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) N/A N/A N/A N/A 3. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Date of disclosure: 20th June 2025 Contact name: Priyali Bhattacharjee Telephone number: +91 9768034903 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Stocks in play: WSP Global Inc.
Announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc for 430 pence per share. This Acquisition underscores WSP's commitment to expanding its footprint in high-growth sectors worldwide. WSP Global Inc. shares are trading unchanged at $271.88.
Yahoo
12-06-2025
- Business
- Yahoo
Form 8.5 (EPT/RI)-Ricardo PLC
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Name of exempt principal trader: Investec Bank plc (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Ricardo plc (c) Name of the party to the offer with which exempt principal trader is connected: Investec is Joint Advisor and Joint Broker to Ricardo plc (d) Date dealing undertaken: 11th June 2025 (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A' N/A 2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received Ordinary shares Purchases 305,074 422 418 Ordinary shares Sales 286,687 421 418 (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit N/A N/A N/A N/A N/A (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit N/A N/A N/A N/A N/A N/A N/A N/A (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit N/A N/A N/A N/A N/A (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) N/A N/A N/A N/A 3. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Date of disclosure: 12th June 2025 Contact name: Priyali Bhattacharjee Telephone number: +91 9768034903 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at
CTV News
11-06-2025
- Business
- CTV News
WSP Global signs deal to buy engineering consulting firm Ricardo
The WSP Global Inc. logo is seen in Toronto on Sunday, Sept. 1, 2024. THE CANADIAN PRESS/Sean Vokey MONTREAL — WSP Global Inc. says it has signed a deal to buy Ricardo plc in an agreement that values the engineering consulting firm at about $670 million. Headquartered in the United Kingdom, Ricardo operates in over 20 countries. Under the deal, WSP says it will pay 430 pence per Ricardo share. Ricardo's business is organized under two main portfolios with one group including its air quality, water management, energy resilience, policy strategy, and advisory services and rail and mass transit business segments. The other group includes its automotive and industrial (A&I) and performance products (PP) business segments. WSP says it plans to continue an ongoing strategic review of the A&I and PP businesses and that while it says no firm decisions have been made, it says the review is likely to result in a sale of the operations. This report by The Canadian Press was first published June 11, 2025.
