LONDON MARKET CLOSE: European stocks slump as bond sell-off resumes
(Alliance News) - European stocks fell sharply on Wednesday as bonds sank, and the oil price rose amid renewed concerns in the Middle East. Read More
(Alliance News) - European stocks fell sharply on Wednesday as bonds sank, and the oil price rose amid renewed concerns in the Middle East. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More
Investec PLC and Ltd - Sandton-based financial services company - Says it will start buying back non-redeemable, non-cumulative, non-participating preference shares on the Johannesburg Stock Exchange from Tuesday. Investec has noted that it may repurchase up to a maximum of 20% of the preference shares in issue as at September 17. Investec will issue a further announcement once the repurchases, on a cumulative basis, constitute 3% of the preference shares in issue or the repurchases have closed. Read More
(Alliance News) - Investec PLC and Ltd reported on Friday its financial performance for the first five months of its financial year was "stable" and indicated it was on track to meeting its annual guidance. Read More
(Alliance News) - Stock prices in London were higher at midday on Friday, after stronger-than-expected UK economic growth offered some encouragement, although elevated energy costs continued to cloud the outlook ahead of key US inflation data. Read More
NCC Group PLC - Manchester, England-based cyber security and resilience provider - Starts GBP15 million shares buyback to complete the return of capital from NCC's disposal of its Escode division in May. NCC sold Escode, which provides software escrow and verification services, to TDR Capital LLP for an enterprise value of GBP275.0 million. NCC is returning GBP185 million of the net proceeds to shareholders, with the first GBP170 million of this already completed by means of a tender offer. The share buyback starts on Monday and will be completed by October 23, 2027. It will be run by brokers Peel Hunt LLP and Investec Bank PLC. Read More
(Alliance News) - Stock prices in London closed higher on Friday, joining a broader rally across European and US equities, while Federal Reserve Chair Kevin Warsh's inflation warning boosted expectations for higher US interest rates. Read More
(Alliance News) - Stock prices in London were higher at midday on Friday, as gains across European equities helped the FTSE 100 advance, though defence stocks came under pressure amid uncertainty over the UK government's spending plans. Read More
(Alliance News) - Stock prices in London were lower at midday on Thursday, with JD Sports Fashion tumbling after cutting its profit outlook, while European equities also struggled as investors continued to monitor developments in the Middle East. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Thursday. Read More
(Alliance News) - Stock prices in London opened lower on Thursday, as a sharp fall for JD Sports Fashion and a host of ex-dividend stocks weighed on the FTSE 100. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More
Rathbones Group PLC - London-based investment and wealth manager - Ends share buyback after buying 939,315 shares at an average price of GBP16.22 per share for GBP15.2 million in total. When launching the buyback in June, Rathbones set GBP20 million as the maximum amount. However, Rathbones on Monday says the buyback has been concluded because the shareholding of Investec PLC and Ltd has reached the level agreed when Rathbones bought Investec's UK wealth business in 2023 in an all-share deal. This is a 29.90% voting interest and 41.25% economic interest. Rathbones now has 90.5 million shares for a GBP1.50 billion market capitalisation. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday. Read More
Investec PLC and Ltd - Sandton-based financial services company - Appoints David Duffy and Ingrid Johnson as non-executive directors, with effect from Tuesday next week. Duffy is the former chief executive officer of Virgin Money UK PLC, formerly CYBG PLC, and held a similar role at Allied Irish Banks and Standard Bank International. Johnson previously served as finance director of Old Mutual PLC. Read More
Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling operator - Hollywood Bowl starts on Wednesday the GBP5 million share buyback announced with its interim results in May. The buyback will be run by investment bankers Investec and Berenberg and will be completed by September 30. All the repurchased shares will be cancelled. Hollywood Bowl says the share buyback reflects its "highly cash generative business model and strong balance sheet", allowing the company to return excess capital while still investing to grow the business. Read More
Fevertree Drinks PLC - London-based maker of premium drink mixers - Fevertree starts the GBP30 million extension of its share buyback programme, which it had announced at its annual general meeting last month. The new GBP30 million buyback follows a buyback of the same size completed earlier in the year. It begins on Wednesday and will be completed by December 31. It will be run by Investec Bank PLC. Read More