(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence. Read More
(Alliance News) - The latest stress test from the Bank of England has shown major UK lenders would be able to weather an increasingly stress-hit macroeconomic scenario, according to analysts and the UK central bank. Read More
(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing. Read More
(Alliance News) - Intuitive Investments Group PLC on Tuesday said it has named the experienced Nigel Rudd as its next independent non-executive chair, subject to it moving to a London listing on the Main Market, from its current position in the junior market. Read More
(Alliance News) - Ignite Luxembourg Holdings Sarl and Magnesita NV have extended the acceptance period to buy a stake in RHI Magnesita to July 21. Read More
(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Read More
(Alliance News) - Stocks are called lower in London on Thursday, after hawkish minutes from the US Federal Reserve once again gave rise to interest rate fears. Read More
(Alliance News) - Bank chiefs are meeting Financial Conduct Authority officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Read More
(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US. Read More
Capita PLC - London-based process outsourcing and professional services company - Extends the maturity of its revolving credit facility by just over two years to December 31, 2026 from August 31, 2024. The available facility is for GBP284 million, reducing to GBP250 million by January 1, 2025. The facility was arranged by seven lenders. These comprised two new banking partners, Standard Chartered PLC and the London branch of Bank of China Ltd, plus five existing lenders, including Barclays Bank PLC and Lloyds Banking Group PLC. The original terms of the RCF are "substantially unchanged." Barclays acted as the coordinator for the arrangement. Read More
(Alliance News) - Barclays PLC is reportedly the latest bank to look at cutting ties with scandal-hit Odey Asset Management LLP following sexual misconduct allegations against the hedge fund's founder. Read More
(Alliance News) - Vanquis Banking Group PLC on Friday said it will promote Non-Executive Director Peter Estlin to chair, subject to regulatory approval. Read More
(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
(Alliance News) - RHI Magnesita NV on Tuesday said it was advised by Barclays Bank PLC and Peel Hunt LLC that the offer from Ignite Luxembourg Holdings Sarl to buy a non-controlling minority stake undervalues the company. Read More
(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support. Read More
(Alliance News) - London's FTSE 100 closed higher, though equities in mainland Europe weakened, after both the Federal Reserve and European Central Bank both hinted that they are not done with rate hikes. Read More
(Alliance News) - WH Smith PLC on Wednesday said it has completed its refinancing, with a GBP400 million revolving credit facility. Read More