(Alliance News) - Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
WH Smith PLC - Swindon, England-based retailer - Completes issue of GBP200 million US private placement notes and secures a three-year, GBP120 million bank term loan. Says it issued USSP notes on investment grade terms, with maturity of 7, 10 and 12 years. Notes that its bank term loan has 2 uncommitted extension options, which could see it extend to four and five years. Adds that it is being provided by a syndicate of lenders including Fifth Third Bank National Association, HSBC UK Bank PLC, Banco Santander SA and Skandinaviska Enskilda Banken AB. Also retains existing GBP400 million revolving credit facility which matures in 2029, with one-year extension option. Chief Financial Officer Max Izzard says: "We are pleased to have successfully completed our refinancing, which includes our first US Private Placement and a new bank term loan. The refinancing strengthens our balance sheet, extends our debt maturity profile, and diversifies our capital structure. It also gives the group access to a new debt investor base in the future, and we are pleased to have the continuing support of our banking partners." Read More
(Alliance News) - Smiths Group PLC on Tuesday raised its interim dividend and confirmed plans to continue its share buyback programme, as it reported improved profit and revenue. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
HSBC Holdings PLC - London-based, China-focused bank - Announces intention to issue, on Monday, 5.000% resettable perpetual subordinated contingent convertible securities worth SGD800.0 million or GBP463.7 million. Says application will be made for them to be admitted to London's Official List and to Euronext Dublin's Global Exchange Market on or around the issue date, with denominations of SGD250,000. DBS Bank Ltd, United Overseas Bank Ltd, and Oversea-Chinese Banking Corp Ltd will be joint lead managers along with co-managers CIMB Bank Berhad, Singapore Branch and Malayan Banking Berhad. "Managers" also includes sole global coordinator and joint bookrunner the Hongkong & Shanghai Banking Corp Ltd, Singapore Branch. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
HSBC Holdings PLC - London-based, China-focused bank - Chief Operating Officer Suzanna White sells 20,000 shares at GBP9.32, worth GBP186,321, on Monday. Read More
(Alliance News) - HSBC Holdings PLC has launched a search for a new head for its UK business after announcing that current chief executive Ian Stewart is taking on a newly-created role, in the latest reshuffle for the changing bank. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The FTSE 100 closed in positive territory on Tuesday, although well off early highs, as a marked drop in US consumer confidence knocked Wall Street. Read More
(Alliance News) - Stock prices in London were higher midday on Tuesday, while the UK's aviation regulator has noted the "benefits to consumers" of England's Gatwick airport expanding. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Stocks in Europe started the day mixed on Friday, with the FTSE 100 set for a weekly decline, in largely lifeless trade to kick off the final day of the week as eyes turn to PMI readings in Europe and beyond. Read More
(Alliance News) - The UK's competition regulator on Friday said four banks will pay fines totalling GBP104.5 million after they reached settlements in a competition case relating to UK government bonds. Read More
(Alliance News) - London's FTSE 100 is set for a tepid open, continuing a rough week for the blue-chip benchmark, and following the lead of US stocks which fell overnight. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - London's FTSE 100 is set to open in the green, clawing back some of the losses it has suffered in a three-day losing streak so far this week. Read More