LONDON MARKET CLOSE: Stocks slump on tariff woe and US data worry
28th Mar 2025 16:52
(Alliance News) - The FTSE 100 outperformed as equities struggled on Friday, with tariff and inflation worries keeping enthusiasm to a minimum. Read More
(Alliance News) - The FTSE 100 outperformed as equities struggled on Friday, with tariff and inflation worries keeping enthusiasm to a minimum. Read More
(Alliance News) - THG PLC on Thursday confirmed the structure of its GBP90 million fundraise, consisting of a GBP22 million share placing and a GBP68 million convertible loan, with Founder & Chief Executive Officer Matthew Moulding contributing two-thirds of the total. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - London is called to open lower on Thursday, as the market digests the latest US tariff targeting the automobile industry, and ahead of UK Prime Minister Keir Starmer's appearance at a summit in Paris on Ukraine ceasefire talks. Read More
THG PLC - Manchester, England-based online retailer of beauty and nutrition products - Raises GBP90 million in a share and convertible loan issue, including GBP60 million from Founder & Chief Executive Officer Matthew Moulding. THG says the fresh funds will be used to pay off one term loan and pay down another. THG will issue 91.9 million new shares, 7.0% of its existing total, at 32.3 pence each to raise GBP29.7 million from the share placing, which was first announced after the London market close on Monday. The placing is run by Barclays PLC as global coordinator, bookrunner and joint corporate broker. In addition, Moulding will invest GBP5.4 million in shares and GBP54.6 million via a convertible loan. Mouldings share investment will be via the paying up of 17.4 million partly paid F and G shares and their conversion into ordinary shares. THG has a market capitalisation of about GBP470 million and recently was promoted to the FTSE 250 index, joining on Monday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - European stocks were higher at midday on Monday, following reports of accelerated business activity in the eurozone for a third consecutive month, and investor hopes for a more targeted approach from US tariffs. Read More
Conygar Investment Co - London-based property investment and development firm - Restructures debt facility in connection with development loan from Barclays PLC to its subsidiary. Says the restructuring extends the final repayment date of the loan to December 23 from Sunday. This enables further letting and stabilisation of Winfield Court, which it says was provided as security for the loan. Adds that the total facility amount reduces to GBP46.6 million from GBP47.5 million, with the interest rate margin payable falling to 2.0% from 3.25%. Says this will be offset by inclusion of a GBP500,000 exit fee. Read More
(Alliance News) - Temple Bar Investment Trust PLC on Friday raised its dividend after reporting an improved net asset value, as NatWest Group PLC, Barclays PLC and Standard Chartered PLC contributed strongly to the portfolio in 2024. Read More
(Alliance News) - Pfizer Inc disposed of its entire residual stake in Haleon PLC, selling 662 million shares in the consumer health firm through a placing with institutional investments and a share buyback by Haleon. Read More
(Alliance News) - Pfizer Inc on Tuesday said it will sell its entire residual stake in Haleon PLC, offloading approximately 662 million shares in the consumer health firm through a secondary offering and a share buyback agreement with Haleon. Read More
(Alliance News) - European stocks were in the green at midday on Tuesday, with risk appetite "tentatively returning" ahead of a slew of central bank decisions later this week. Read More
(Alliance News) - The UK Financial Conduct Authority on Tuesday said it is no longer planning a further update on its review into past use of motor finance discretionary commission arrangements in May. Read More
Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Launches GBP25 million share buyback programme on Monday. The buyback will be conducted by Barclays Bank PLC and be completed December 3. Watches of Switzerland doesn't pay a dividend. It says it prioritises "investment for growth through showroom elevation, new projects and acquisitions" ahead of shareholder returns; however, it notes that, following a debt refinancing in December, it has GBP50 million liquidity headroom on its bank facility and surplus capital. Read More
(Alliance News) - Barclays PLC could pay out up to GBP12.5 million in compensation to customers affected by technology outages over the last two years, a new letter to MPs has revealed. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Stock prices in London opened mostly higher on Wednesday, ahead of composite purchasing managers' index reads from the UK and other regions and after China's beat consensus forecasts. Read More
(Alliance News) - International Workplace Group PLC on Tuesday reported "record" earnings for 2024, supported by demand for flexible workspaces, while maintaining a cautious outlook amid global uncertainty. Read More
(Alliance News) - CK Infrastructure Holdings Ltd is in talks with potential advisors to study a potential bid for UK waste management firm Viridor Ltd, Bloomberg reported on Saturday. Read More