(Alliance News) - Stocks were called to open lower in London on Monday, after data from China showed that demand remains fragile in the world's number two economy. Read More
(Alliance News) - Frasers Group PLC on Friday announced an improved offer to acquire luxury leather goods firm Mulberry Group PLC, of which it owns 37%, following Mulberry's rejection of a previous approach last week, but Mulberry's majority shareholder rejected the new bid as well. Read More
(Alliance News) - Frasers Group PLC announced on Friday an improved offer to acquire Mulberry Group PLC, of which is owns 37%, following Mulberry's rejection of a previous approach last week. Read More
Mulberry Group PLC - Bath, England based luxury leather goods - Raises GBP10.4 million in total from share subscriptions by its two major shareholders and a retail share offer, an exercise that drew the ire of one of the two shareholders. Majority owner Challice Ltd, with a 56% stake, and Frasers Group PLC, now with just over a 37% holding, both took part in the equity raise, despite Frasers complaining it wasn't given sufficient notice. The Sports Direct-owner last week offered to acquire Mulberry instead at 130 pence per share, higher than the 100p equity raise price, but this was rejected by Mulberry. Read More
Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - confirms successfully subscription for 4.0 million shares of handbags and other leather goods maker Mulberry Group PLC, at 100 pence each, according to the clawback provisions of the subscription announced by Mulberry on September 27. Participation in subscription brings Fraser's holdings in Mulberry to 26.1 million shares, or 36.9% of shares outstanding. Percentage is relative to the open retail offer for up to 750,000 Mulberry shares. As Challice Ltd holds 56% of Mulberry share capital, Frasers has been granted a dispensation by the Takeover Panel. Fraser's participation does not require it to make a mandatory cash offer to other Mulberry shareholders under FCA takeover code. Read More
(Alliance News) - Stock prices in London opened mixed on Friday, despite geopolitical tensions remaining high with conflict in the Middle East showing no signs of de-escalation, and ahead of US nonfarm payrolls. Read More
(Alliance News) - London stocks are expected in the red on Friday, as tensions remain high across the Middle East with oil prices surging, and traders wait nervously for key US nonfarm payrolls data due this afternoon. Read More
(Alliance News) - Mulberry Group PLC on Thursday said Frasers Group PLC has subscribed for more shares in the company, days after a spat over a fundraising plan led to the Sports Direct owner announcing a takeover approach for the luxury goods company. Read More
(Alliance News) - London's FTSE 100 closed higher, supported by oil stocks, in volatile trading on Tuesday amid claims that Iran was preparing to launch an attack on Israel. Read More
(Alliance News) - Stock prices in London were higher at midday on Tuesday, as the FTSE 100 beat European peers after data showed "solid expansion" for the UK manufacturing sector in September. Read More
(Alliance News) - Mulberry Group PLC on Tuesday rejected the takeover approach from Mike Ashley's Frasers Group PLC after receiving the backing from its majority shareholder. Read More
(Alliance News) - Stock prices in London opened a mixed bag in London on Tuesday, with the FTSE 100 in the green, but compatriot indices in the red, ahead of a slew of manufacturing PMIs later in the day. Read More
(Alliance News) - Stocks opened higher in London on Tuesday morning, after data showed that UK shop prices have moved further into deflation. Read More
(Alliance News) - Frasers Group PLC on Monday said it is considering a bid to fully acquire investee Mulberry Group PLC, fearing the luxury goods maker could be "run into administration" without a takeover. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Mulberry Group PLC on Tuesday named Andrea Baldo as its new chief executive officer, replacing Thierry Andretta who is stepping down immediately. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Mulberry Group PLC on Wednesday said annual revenue was down due to declining luxury consumer spending and challenging macroeconomic conditions, especially in the last quarter. Read More
(Alliance News) - Equities in London are called to open flat on Wednesday, ahead of the latest Federal Reserve interest rate decision, while a host of financial markets in mainland Europe and beyond are closed for public holidays. Read More
(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data. Read More