(Alliance News) - The FTSE 100 made strong headway on Wednesday, supported by a larger-than-expected cooling in inflation and a spike in the oil price. Read More
(Alliance News) - UK inflation slows more than expected in November and Bunzl reaffirms its 2025 outlook, while Greencore's takeover of Bakkavor clears a key regulatory hurdle. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - UK inflation slows more than expected in November and Bunzl reaffirms its 2025 outlook, while Greencore's takeover of Bakkavor clears a key regulatory hurdle. Read More
Hunting PLC - London-based supplier of equipment to the oil and gas industry - Intends to extend its current USD40 million share buyback programme by up to a further USD20 million. Says the buyback "is being extended in light of the group's sustainable cash generation and strong balance sheet and follows further consultation with major shareholders since the rebalanced capital allocation priorities were announced on July 9". Hunting's upper limit for the number of shares it can repurchase is unchanged at 24.7 million. Notes that the programme remains "subject to market conditions" and that "there is no guarantee that [it] will be implemented in full". Back in July, Hunting announced plans to undertake the current buyback for up to USD40 million , but reaffirmed its capital allocation policy of continuing to invest in core operations, and to pursue bolt-on acquisitions in subsea technologies, non-oil and gas, and other areas. Read More
Hunting PLC - London-based supplier of equipment to the oil and gas industry - Non-Executive Chair Stuart Brightman buys 20,000 shares at 387.66 pence, worth GBP77,532, on Friday. The shares are Brightman's only holding, having held the chair since April 2024. Read More
Hunting PLC - London-based supplier of equipment to the oil and gas industry - Says its recently acquired business that optimises oil reservoir performance and recovery rates has won its first contract in South America. Hunting Energy Services Production Technology Inc, which was purchased by Hunting back in March, wins the contract with an unnamed Brazilian based oil and gas exploration and production company. The contract is for sampling 20 wells across 11 oil fields, all onshore in the north of Brazil. Hunting doesn't provide the monetary value of the contract but calls it a "breakthrough" for its organic oil recovery technology, expanding this to a new territory for the first time under Hunting ownership. The OOR technology aims to extend the life and increase the economic returns from a producing oil field. Sampling operations under the contract are already underway, Hunting says, with field implementation in 2026. 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
(Alliance News) - Blue chips in London closed up sharply on Thursday, after hitting a new record peak on commodity price strength and well received trading updates. Read More
(Alliance News) - Hunting PLC on Thursday said ongoing restructuring has disrupted trading, leading to a lower anticipated annual outturn. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - London blue chips are set to open broadly unchanged on Monday, as investors weigh potential VAT hikes for UK businesses and a ruling across the pond sees US President Donald Trump's tariffs declared illegal. Read More
(Alliance News) - Hunting PLC will shut down 80% of its UK operations, The Telegraph reported Sunday. Read More
(Alliance News) - Stock prices in London opened lower on Friday, as bank stocks suffered after a think tank raised the possibility of a new windfall tax on their profits. Read More
(Alliance News) - The FTSE 100 closed lower on Thursday, despite gains elsewhere in Europe, held back by a number of stocks trading ex-dividend. Read More
(Alliance News) - Hunting PLC reported increased revenue but lower profit in the first half of 2025 against a "volatile" market backdrop, and said a solid tender pipeline underpins confidence for the medium-term. Read More
(Alliance News) - Stocks were called slightly higher on Thursday, with many eyes on the US' flash quarterly personal consumption expenditures data. Read More