LONDON MARKET OPEN: Stocks rise as UK recession looks "unlikely"
29th Sep 2023 08:44
(Alliance News) - Stock prices in London opened higher on Friday as fresh data painted a slightly brighter picture for the UK economy. Read More
(Alliance News) - Stock prices in London opened higher on Friday as fresh data painted a slightly brighter picture for the UK economy. Read More
M&C Saatchi PLC - London-based advertising agency - Net revenue in the six months that ended June 30 declines 7.0% to GBP120.4 million from GBP129.4 million a year before, but M&C Saatchi says within that double-digit-percentage growth in 'Issues' and 'Passions' specialisms show the benefit of its diversification away from traditional advertising. Swings to pretax loss of GBP5.1 million from GBP300,000 profit. On an adjusted basis, pretax profit nearly halves to GBP8.8 million from GBP16.0 million. Net cash falls to GBP15.4 million from GBP39.7 million. Declares no interim dividend, unchanged from a year before. Paid a final dividend for 2022 and intends to adopt a progressive dividend policy in the future. Read More
(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth. Read More
Future PLC - Bath, England-based magazine publisher - Stock price gains for second day in a row, after Future announces on Monday it plans to buy back up to 10% of its shares. The on-market share buyback programme will return up to GBP45 million to shareholders. Future has been a frequent acquirer of media and technology companies in recent years and "has historically prioritised organic and inorganic investment before debt repayment and returning excess cash to shareholders", it says. However, it explains the buyback "will provide greater flexibility to achieve an optimal use of cash to deliver value for shareholders, whilst still maintaining a strong balance sheet." Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
M&C Saatchi PLC - London-based advertising agency - Appoints Trustpilot Group PLC Chair Zillah Byng-Thorne as independent non-executive chair, effective immediately. This was first announced in late March. Says Byng-Thorne "brings a wealth of experience across media and technology businesses". Notes Byng-Thorne was recently chief executive officer at Future PLC and has served on the boards of Flutter Entertainment PLC, GoCompare.com Ltd and Auto Trader Group PLC. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit. Read More
(Alliance News) - Future PLC reported on Thursday that its profit fell and revenue flattened in its half-year that ended March 31. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon: Read More
Trustpilot Group PLC - Copenhagen-based online review platform - Non-Executive Chair Zillah Byng-Thorne buys 220,324 shares at GBP0.91, worth GBP200,000, on Monday. It was the former Future PLC chief executive's first day as chair of Trustpilot, replacing Tim Weller. Read More
M&C Saatchi PLC - London-based advertising agency - Hires Zillah Byng-Thorne as board chair, replacing Gareth Davis at the company's annual general meeting in June. Byng-Thorne is the long-serving chief executive officer of magazine publisher Future PLC, but she is leaving that post on Friday. She also is set to be chair of website reviews platform Trustpilot Group PLC, starting on Monday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More