(Alliance News) - JD Sports Fashion PLC on Tuesday said shareholders backed all its annual general meeting proposals, though not all went through without a hitch, as a motion to re-elect a non-executive director received sizeable opposition. Read More
Life Science REIT PLC - life science property-focused real estate investment trust - Refinances its existing GBP150 million term loan and revolving credit facility, which is secured on its existing portfolio. Says refinanced facilities provided by existing lender HSBC Holdings PLC, with the Bank of Ireland joining the syndicate as an additional lender. The facilities with HSBC and BoI now include GBP100 million fully drawn term loan, increased from GBP75 million, as well as a GBP50 million RCF, with the terms of both extended to March 2026. Additionally, now has GP35 million accordion facility on RCF. Read More
(Alliance News) - Stock prices in London were set to open higher on Tuesday, following a positive session for equities in Hong Kong and Shanghai. Read More
(Alliance News) - Banking firm HSBC Holdings PLC will switch global headquarters to London's traditional City finance district, from its current Canary Wharf base in the east of the capital, it said Monday. Read More
(Alliance News) - UK Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates, but has resisted offering government support. Read More
(Alliance News) - HSBC Holdings PLC on Wednesday said terms for the sale of its French unit, which were put in doubt by rising interest rates, have been agreed. Read More
(Alliance News) - WH Smith PLC on Wednesday said it has completed its refinancing, with a GBP400 million revolving credit facility. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - Further interest rate rises "cannot be ruled out" amid decades-high inflation in the UK, a Bank of England policymaker said. Read More
(Alliance News) - HSBC Holdings PLC on Monday launched HSBC Innovation Banking, its rebrand of Silicon Valley Bank UK, which HSBC bought following the collapse of its US parent earlier this year. Read More
IG Design Group PLC - Newport Pagnell, England-based designer and manufacturer of celebrations products, including greetings cards, gift wrap, Christmas crackers, gift bags and partywares - Negotiates a three-year refinancing of its lending facilities with HSBC Holdings PLC and NatWest Group PLC for USD125 million. Company also extends its overdraft facility with HSBC. The new facility replaces its previous revolving credit facilities agreed in 2019. Says the facility provides "more than sufficient" headroom to fund its working capital needs over the three years. Read More
(Alliance News) - Stock prices in London were down at midday Wednesday, ahead of a vote on the US debt ceiling bill. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Agrees new USD40 million revolving credit facility with HSBC Holdings PLC on a four-year term ending May 2027, accompanied by a USD20 million accordion option. Newly agreed facility replaces accesso Technology's previous undrawn GBP18 million arrangement with Investec PLC and Ltd from March 2021, which was due to expire in March 2024. This facility has now been cancelled. Says HSBC facility is accompanied by a USD20 million accordion option, which it may utilise as it "pursues its strategic plan into the mid-term". Says Numis Corp PLC acted as its debt advisor to the transaction. Read More
(Alliance News) - HSBC Holdings PLC will announce plans to rebrand Silicon Valley Bank UK, after it rescued the bank following the collapse of its US parent earlier this year, Sky News reported on Monday. Read More
(Alliance News) - The UK competition watchdog on Wednesday said it has provisionally found five banks guilty of breaking competition law on UK bonds over a decade ago, and it may issue fines in due course. Read More
(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing. Read More
(Alliance News) - Stock prices in London were largely higher at midday on Monday and the pound held firm against the dollar, with the FTSE 100 boosted by a strong performance by mining stocks. Read More
(Alliance News) - HSBC Holdings PLC on Monday said it is aiming for revenue and lending growth in Asia over the medium term. Read More