(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Molten Ventures PLC on Wednesday said its interim net asset value fell amid unfavourable foreign exchange rates, as the company also announces the appointment of a new chief executive officer. Read More
Molten Ventures PLC - London-based venture capital investor in high-growth technology companies - Says Numis Securities on its behalf purchased 82,211 shares at an average price of 413.18 pence each, on Monday in London. Transaction was pursuant to Molten Ventures' GBP10 million share buyback programme, announced in late July. Company consequently confirms the completion of the programme, through which it has repurchased in total 2.6 million shares representing around 1.4% of its issued share capital. Buyback was financed through Molten Ventures' existing cash resources. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Molten Ventures PLC - London-based venture capital firm, which invests in developing high-growth digital businesses - Says its gross proceeds so far in the current financial year from Perkbox, Endomag, Graphcore and M-Files total GBP124 million, about 9% of gross portfolio value and close to its 10% cycle target. File management platform M-Files has agreed to a majority recapitalisation led by private equity firms Haveli Investments and Bregal Milestone. As part of the deal, Molten will realise its entire investment. The exit values Molten's stake at GBP47.7 million and will deliver a 7.4-times multiple on invested capital. Company also notes that portfolio firm Riverlane, a quantum computing firm, has raised USD75 million in its Series C funding round at a higher value than it was carried on Molten's books in March. Read More
Molten Ventures PLC - London-based venture capital firm, which invests in developing high-growth digital businesses - Announces commencement of new up to GBP10.0 million share buyback programme, to be financed through existing cash resources. Also says that Hologic Inc's acquisition of Cambridge-based, breast cancer-focused medical technology company Endomag has now closed, due to completion of the regulatory review. Company first invested in Endomag in 2018, and says transaction proceeds of around USD46 million are "modestly in excess" of Molten's GBP35 million holding value. Finally, Molten has agreed a new GBP180 million net asset value facility, effective from September 7, with JP Morgan Chase Bank NA and HSBC Innovation Banking Ltd. The debt facility comprises a GBP120 million term loan and a revolving credit facility of up to GBP60 million, both with a three-year tenor. It replaces the existing GBP150 million facility with the same lenders. Read More
(Alliance News) - Molten Ventures PLC on Friday updated the market on the positive progress of ongoing portfolio realisations. Read More
(Alliance News) - Stocks in London are called to open higher on Friday, as investors eye producer price data from the US, due out this afternoon. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Stock prices in London were higher at midday Wednesday, ahead of an interest rate decision and inflation data from the US. Read More
(Alliance News) - Molten Ventures PLC on Wednesday said it adapted to an environment of higher interest rates as it remained optimistic for a shift towards a more-favourable investment climate. Read More
(Alliance News) - Stock prices in London opened higher on Wednesday, as investors shook off news that the UK's economy stalled in April. Read More
(Alliance News) - Flutter Entertainment PLC on Friday said Chief Financial Officer Paul Edgecliffe-Johnson will leave the company immediately, as the gambling operator completes its shift to a US primary listing. Read More
(Alliance News) - Ocado Group PLC's stint in the FTSE 100 is set to end, with another technology firm Darktrace PLC set to replace it in the top flight, according to indicative index changes by FTSE Russell on Tuesday. Read More
(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review. Read More
(Alliance News) - Baillie Gifford UK Growth Trust PLC on Friday reported an annual decline in net asset value, as property developer Helical PLC and venture capital firm Molten Ventures PLC were cited as the largest detractors. Read More
(Alliance News) - Molten Ventures PLC on Thursday reported a fall in net asset value per share over financial 2023. Read More
(Alliance News) - Ocado Group PLC's five-year stint in London's top-flight index is under threat, after a tough run which has seen the grocer's shares plunge 35% since the turn of the year. Read More