LONDON BROKER RATINGS: Jefferies raises Severn Trent; Davy cuts Weir
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Dowlais Group PLC on Monday said it expects full-year adjusted results to be higher than previously anticipated. Read More
Dowlais Group PLC - London-based automotive engineering firm - Takeover by Detroit, Michigan-based American Axle & Manufacturing Holdings Inc gets approval in China. Dowlais says the China State Administration for Market Regulation has issued a formal notice approving the combination of the two companies. EU approval was granted back in October, and Dowlais says all regulatory and antitrust approvals have now been received. The court hearing to implement the scheme of arrangement is scheduled for January 30, and the acquisition is expected to be completed on February 3. Read More
(Alliance News) - Dowlais Group PLC on Tuesday said it expects to achieve the top end of its full-year guidance range for its operating margin and revenue, despite "mixed" industry conditions. Read More
(Alliance News) - UK unemployment rose to 5.0%, its highest since early 2021, as the labour market weakened, while Vodafone launches a EUR500 million buyback after posting half-year results. Read More
Dowlais Group PLC - London-based automotive engineering firm - Dowlais and Detroit, Michigan-based American Axle & Manufacturing Holdings Inc note that the European Commission unconditionally clears the merger between the two firms. The EC decision, issued on October 1, means that the European Union antitrust condition is satisfied. This takes the number of antitrust approvals to 7 out of the 10 required jurisdictions where filings were made. The clearances that remain outstanding are Brazil, Mexico and China. Clearance in Brazil is expected in early November, while clearance in Mexico is also expected in the fourth quarter. In China, Dowlais and AA remain "highly confident" of obtaining clearance in late 2025 or early 2026. Based on this, completion of the deal is expected in the first quarter of 2026. AA also intends to add Roberto Fioroni, chief financial officer of Dowlais, Markus Bannert, chief executive officer of GKN Automotive, and Jean-Marc Durbuis, chief executive officer of GKN Powder Metallurgy, to the senior executive management team of the combined group. In January, Dowlais accepted a GBP1.16 billion takeover offer from AA, a producer of driveline products and systems. The deal was approved by shareholders in July. Read More
(Alliance News) - HSBC sets aside USD1.1 billion for a Luxembourg court ruling related to the Bernard Madoff fraud case, while the UK competition regulator asks for remedies to approve the Greencore-Bakkavor merger. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The FTSE 100 was called higher on Tuesday, in light of the increasing likelihood of Ukraine-Russia talks amid Ukrainian President Volodymyr Zelensky's announcement that "we are ready for a bilateral meeting with Putin". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Dowlais Group PLC on Thursday said it is on track to offset tariff-related headwinds in the second half of the year, ahead of its expected takeover by American Axle & Manufacturing Holding Inc. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Dowlais Group PLC on Tuesday announced that the requisite majority of its shareholders have voted for its "recommended cash and share combination" with American Axle & Manufacturing Holdings Inc, at a general meeting and court meeting. Read More
(Alliance News) - Dowlais Group PLC suitor American Axle & Manufacturing Holdings Inc on Wednesday said its purchase of the London-based automotive engineering firm has moved closer to completion. Read More
(Alliance News) - Miners Antofagasta and Rio Tinto reported improved second quarter output, publisher Bloomsbury expects annual results in line with the market view, while Craneware said it has topped consensus. Read More
Dowlais Group PLC - London-based automotive engineering - American Axle & Manufacturing Holdings Inc says integration planning for its acquisition of Dowlais has "continued at pace" in recent weeks. The two industry peers still believe the "strategic rationale for the combination remains compelling", AAM says. Referring to the recent US trade tariff announcements, Detroit, Michigan-based AAM says: "Recent global events have further highlighted the attractiveness of the combination, which will create a stronger business that is resilient across customers, geographies and products, resulting in the combined group being better positioned to navigate and succeed in an increasingly dynamic automotive industry and macroeconomic environment." Read More