(Alliance News) - MJ Hudson Group PLC on Wednesday confirmed the sale of its Data & Analytics division and set out its plan to cancel its shares from trading on AIM. Read More
MJ Hudson Group PLC - London-based asset-management consulting company - Agrees to sell its Data & Analytics and Business Outsourcing Divisions - substantially all of its remaining operating divisions - to Apex Group in a cash deal worth GBP40 million. Says proceeds will be used to reduce debt and it is highly unlikely that there will be a substantial, or any, amount available to shareholders following payment of all creditors and costs. Plans to seek shareholder approval to cancel shares on AIM which, if approved, is expected to occur on May 12. Intends to notify the Solicitors Regulation Authority of the proposed closure of its legal business. Read More
MJ Hudson Group PLC - London-based services for asset management industry - Wholly-owned subsidiary Tower Gate Capital Ltd agrees to sell its UK Fund Management business to special purpose acquisition vehicle Khepri Ltd for GBP1.0 million. The companies being sold are MJ Hudson Adivsors Ltd, MJ Hudson Fund Management Ltd, MH Hudson Consulting Ltd, and MJ Hudson Fund Administration Ltd. Read More
MJ Hudson Group PLC - asset-management consulting company - Reaches agreement with its existing senior lender to provide a further short term overdraft facility, which amounts to GBP1.8 million. Says this will provide the company with "additional working capital." The short term facility will bear 5% interest plus the Bank of England's base rate per annum, plus additional fees as agreed with the lender. Read More
MJ Hudson Group PLC - asset-management consulting company - Signs agreement with existing senior lender to provide a short term overdraft facility of GBP1.5 million. Says the loan will provide "working capital" while it undertakes the current sales process. As part of the agreement, the company's former Chief Executive & Founder Matthew Hudson provided a shareholder loan of GBP100,000. Read More
(Alliance News) - MJ Hudson Group PLC on Wednesday said Matthew Hudson has quit as chief executive officer, effective immediately, days after the company's auditor resigned citing "lost trust and confidence" in management. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, as markets looked ahead to a busy week for economic data out of the UK. Read More
(Alliance News) - Stock prices in London opened largely higher on Monday, as investors in large companies looked past figures last week showing the UK economy going nowhere. Read More
(Alliance News) - MJ Hudson Group PLC on Monday said its auditor Ernst & Young LLP has resigned with immediate effect, less than 18 months after being appointed. Read More
(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - It was a bright start to the week for stocks in Europe, but London's FTSE 100 was unable to keep pace with its counterparts on the continent despite a strong session from housebuilders and utilities. Read More
(Alliance News) - MJ Hudson Group PLC on Monday said its annual results are expected to be below guidance due to auditing uncertainties. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
MJ Hudson Group PLC - London-based asset management consultancy - Raises GBP9.0 million through issue 30.0 million shares at 30 pence each. Raises additional GBP220,000 through subscription of 742,463 shares at same price. Notes Chief Executive Matthew Hudson acquires 2.8 million shares in placing, and now holds 50.5 million shares, representing a 24.8% stake. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
MJ Hudson Group PLC - London-based asset management consultancy - Launches conditional fundraise by way of an accelerated bookbuild via a conditional placing of at least 26.7 million new shares at 30 pence each to raise GBP8 million. Issue price is around 4% discount to the closing price on Tuesday. Cenkos Securities PLC is acting as bookrunner. Also launches conditional offer for subscription via PrimaryBid at the same price to raise an additional GBP1.5 million. Read More
(Alliance News) - MJ Hudson Group PLC on Tuesday upped its full-year guidance as it posts a stronger than expected finish to its financial year. Read More
MJ Hudson Group PLC - London-based asset management consultancy - Announces a new partnership with London-based restructuring practice, financial consultant and investment firm Cork Gully. Company says the partnership will provide it with access to a "growing market" for private markets fund restructurings and extend its full-service solutions. MJ Hudson will also provide its services to Cork Gully's clients. Read More