LONDON BROKER RATINGS: Numis cuts 3i Group; HSBC likes JD Wetherspoon
31st May 2023 09:21
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: 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
Investec PLC - Sandton, Johannesburg-based financial services firm - Says Chief Strategy Officer Marc Kahn sells 74,322 shares for GBP4.4264 each, worth GBP328,978. Read More
(Alliance News) - Investec PLC and Ltd on Thursday reported a "strong" financial performance, though funds under management buckled under a challenging macroeconomic backdrop. Read More
Rathbones Group PLC - London-based investment and wealth management firm - Says funds under management and administration at the end of the first quarter of 2023 amounted to GBP60.9 billion, up 1.2% from GBP60.2 billion at the end of 2022. Underlying net operating income for the quarter fell by 2.2% to GBP117.8 million from GBP120.5 million. Read More
(Alliance News) - Melrose Industries PLC on Thursday said it has completed the demerger of the GKN Automotive, GKN Powder Metallurgy and GKN Hydrogen businesses from the company into Dowlais Group PLC. Read More
(Alliance News) - Stock prices in Europe were in the green on Tuesday around midday, after news that annual eurozone factory gate inflation cooled in February. Read More
(Alliance News) - Early signs suggest April could be a busy month on the M&A front, with sizeable deals struck in the property, wealth management, beauty and entertainment sectors so far this week. Read More
(Alliance News) - London share prices opened mostly higher on Monday, as investors came to terms with the Opec+ oil production cut and after Australia's central bank paused its interest rate hikes. Read More
(Alliance News) - Investec PLC and Ltd Rathbones Group PLC on Tuesday said they have agreed an all-share merger of Rathbones with Investec Wealth & Investment Ltd to create one of UK's leading wealth manager. Read More
(Alliance News) - Stocks in London were called to open higher on Tuesday, after the Reserve Bank of Australia decided to pause interest rate hikes, while Rathbones and Investec agreed a combination to create a UK wealth manager with GBP100 billion in assets. Read More
Ediston Property Investment Co PLC - real estate investment trust focused on UK commercial property - Hires Investec Bank PLC to lead a strategic review, saying its preference is to merge with "one or more" fellow REITs. Says however will consider all options to maximise value to shareholders, including selling the company or its property portfolio. Says the company's "modest" size at present deters some potential investors. "The board has concluded that it is unlikely to be able to raise new capital in the short or medium term," it says. "This is particularly disappointing given the opportunities which the board and manager anticipate may arise to acquire properties that could substantially enhance returns to shareholders over the medium term." The REIT, launched in 2014, is managed by Ediston Properties Ltd. Read More
(Alliance News) - Investec PLC and Ltd on Thursday hailed a "strong" performance, notwithstanding the "complex macroeconomic backdrop" in its current financial year. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Says Investec Ltd Chief Risk Officer Mark Currie sells 100,000 shares in the group at ZAR108.63 a piece, worth ZAR10.9 million, in a transaction dated Monday. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd company secretary Niki van Wyk sells 6,358 shares at an average ZAR108.69 each, worth ZAR691,051.02, on Friday. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd buys 1.9 million SHARES at an average ZAR106.41 each, worth ZAR202.2 million, in Investec PLC between December 19 and Friday last week. Since October 3, the company has purchased 11.7 million Investec PLC shares at a cost of ZAR1.13 billion. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd buys 1.7 million at an average ZAR102.06 each, worth ZAR174.6 million, in Investec PLC throughout last week. The company intends to treat these shares as if they were treasury shares in the consolidated annual financial statements of the Investec Group. Since October 3, Investec Ltd has purchased 8.1 million shares at a cost of ZAR756.8 million. Read More