(Alliance News) - N Brown Group PLC on Thursday said it has agreed to be taken over by a vehicle controlled by Non-Executive Director Joshua Alliance, a member of the firm's founding family. Read More
THG PLC - Manchester-based e-commerce retailer - Founder & Chief Executive Officer Matthew Moulding takes part in THG's equity raise, as announced last week. Moulding buys 20.4 million shares via FIC Shareco Ltd at 49 pence, worth GBP10.0 million on Tuesday. Moulding now has 341.3 million shares, of which 219.2 million are ordinary voting shares - 14.4% of the expanded total - and 122.2 million are unlisted ordinary shares. THG on Friday said it raised GBP95.4 million in total from the sale of 194.7 million new shares, 14.6% of the total prior to the raise, at 49p. THG raised GBP75 million from a share placement run by Barclays, Jefferies and Peel Hunt. To that was added the GBP10 million investment by Moulding and GBP10 million from acquisitive fellow retailer Frasers Group PLC. The "strategic investment" by Frasers followed a partnership between THG and Frasers that was announced back in June. The equity raise will be used to finance the demerger of THG's Ingenuity division, which operates its e-commerce platform, so as to make THG a pure-play retailer of consumer beauty and nutrition products. THG Chief Financial Officer Damian Sanders also takes part in the equity raise, buying 153,061 shares. Read More
(Alliance News) - London's FTSE 100 closed higher on Monday, although bookmakers suffered, as the UK prime minister played down rumours of a capital gains tax hike and urged investors to back his plans for growth. Read More
(Alliance News) - Stock prices in London were lower at midday on Monday, as investors wait for a number of inflationary prints later in the week. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and Monday and not separately reported by Alliance News: Read More
(Alliance News) - Mulberry Group PLC on Monday said it will "consider the company's position", following the announcement on Friday by Frasers Group PLC of an improved offer to acquire the luxury leather goods maker, though Mulberry's majority owner already rejected the fresh tilt by Frasers. Read More
(Alliance News) - Stock prices in London opened just about higher on Monday morning, inching up despite disappointing data from China, and reports of new restrictions on the UK gambling sector. Read More
(Alliance News) - Stocks were called to open lower in London on Monday, after data from China showed that demand remains fragile in the world's number two economy. Read More
(Alliance News) - Frasers Group PLC on Friday announced an improved offer to acquire luxury leather goods firm Mulberry Group PLC, of which it owns 37%, following Mulberry's rejection of a previous approach last week, but Mulberry's majority shareholder rejected the new bid as well. Read More
(Alliance News) - Frasers Group PLC announced on Friday an improved offer to acquire Mulberry Group PLC, of which is owns 37%, following Mulberry's rejection of a previous approach last week. Read More
(Alliance News) - THG PLC on Friday said it has raised just over GBP95 million after completing the placing announced on Thursday, which will be used to fund the Frasers Group-backed plan to demerge its Ingenuity division. Read More
(Alliance News) - Equities in London are called to open slightly higher on Friday, shaking off a decline in New York where stocks fell after a stronger-than-expected inflation reading. Read More
Mulberry Group PLC - Bath, England based luxury leather goods - Raises GBP10.4 million in total from share subscriptions by its two major shareholders and a retail share offer, an exercise that drew the ire of one of the two shareholders. Majority owner Challice Ltd, with a 56% stake, and Frasers Group PLC, now with just over a 37% holding, both took part in the equity raise, despite Frasers complaining it wasn't given sufficient notice. The Sports Direct-owner last week offered to acquire Mulberry instead at 130 pence per share, higher than the 100p equity raise price, but this was rejected by Mulberry. Read More
Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - confirms successfully subscription for 4.0 million shares of handbags and other leather goods maker Mulberry Group PLC, at 100 pence each, according to the clawback provisions of the subscription announced by Mulberry on September 27. Participation in subscription brings Fraser's holdings in Mulberry to 26.1 million shares, or 36.9% of shares outstanding. Percentage is relative to the open retail offer for up to 750,000 Mulberry shares. As Challice Ltd holds 56% of Mulberry share capital, Frasers has been granted a dispensation by the Takeover Panel. Fraser's participation does not require it to make a mandatory cash offer to other Mulberry shareholders under FCA takeover code. Read More
(Alliance News) - Stock prices in London opened mixed on Friday, despite geopolitical tensions remaining high with conflict in the Middle East showing no signs of de-escalation, and ahead of US nonfarm payrolls. Read More
(Alliance News) - London stocks are expected in the red on Friday, as tensions remain high across the Middle East with oil prices surging, and traders wait nervously for key US nonfarm payrolls data due this afternoon. Read More
(Alliance News) - Mulberry Group PLC on Thursday said Frasers Group PLC has subscribed for more shares in the company, days after a spat over a fundraising plan led to the Sports Direct owner announcing a takeover approach for the luxury goods company. Read More
(Alliance News) - Stock prices in London were higher at midday on Tuesday, as the FTSE 100 beat European peers after data showed "solid expansion" for the UK manufacturing sector in September. Read More
(Alliance News) - Mulberry Group PLC on Tuesday rejected the takeover approach from Mike Ashley's Frasers Group PLC after receiving the backing from its majority shareholder. Read More
(Alliance News) - Stock prices in London opened a mixed bag in London on Tuesday, with the FTSE 100 in the green, but compatriot indices in the red, ahead of a slew of manufacturing PMIs later in the day. Read More