(Alliance News) - Stock prices in London were mostly lower at midday on Wednesday as investors continued to fret about inflation and slowing economic growth, as central banks around the world scramble to keep a lid on rising prices. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - London's FTSE 100 index posted modest losses on Tuesday, with a buoyant session for the natural resources sector helping to take some of the sting out of a downbeat day for retailers. Read More
(Alliance News) - Stock prices in London were lower at midday on Tuesday amid ever-present concern about inflation, though UK investors took political uncertainty surrounding Prime Minister Boris Johnson in their stride. Read More
(Alliance News) - National Express Group PLC on Tuesday said its revenue is close to its 2019 pre-pandemic levels, putting it on track to deliver nearly GBP3 billion annual revenue in 2022. Read More
(Alliance News) - Stock prices in London opened lower on Tuesday with a flurry of merger and acquisition activity that saw Biffa receive a takeover offer, while Ted Baker shares sank after its preferred bidder walked away. Read More
(Alliance News) - Stock prices in London are seen opening lower on Tuesday amid ongoing trepidation over high levels of inflation, as Australia's central bank raised interest rates by more than expected. Read More
FirstGroup PLC - Aberdeen, Scotland-based transport provider - Receives "series of unsolicited, conditional proposals" to be acquired by I Squared Capital Advisors (UK) LLP. Says considering latest approach, received Wednesday evening, for 118 pence per share in cash, plus 45.6p more contingent on the proceeds of FirstGroup's recent disposals of First Transit and Greyhound. The 163.60p total offer is a 38% premium to Wednesday's close. Previous approaches all were unanimously rejected by the board, FirstGroup says. Read More
Stagecoach Group PLC - Perth, Scotland-based transport provider - Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, receives acceptances from 363.9 million shares in Stagecoach, reflecting a 66% interest in the company, clearing all conditions for its GBP594.9 million bid and making the offer unconditional. Read More
Stagecoach Group PLC - Perth, Scotland-based transport provider - National Express Group PLC confirms it will not raise the takeover offer for public transport peer Stagecoach that it made back in March. National Express says it believes its all-share combination with Stagecoach remains the better deal for Stagecoach shareholders, after being spurned for a cash offer from a fund managed by DWS Infrastructure. National Express notes its offer of a 0.36-times share exchange ratio currently values each Stagecoach share at 90 pence, which is below the DWS offer of 105p in cash. However, when including synergies, this rises to about 113p, a 7.6% premium. "National Express therefore considers the terms of its proposal to be full and fair and has decided that the terms will not be increased and are now final," it says. Read More
(Alliance News) - Stocks in Europe opened the new trading week with a cloud hanging over them after disappointing economic data from China showed its zero-Covid policy threatens global economic growth. Read More
(Alliance News) - The FTSE 100 looks set to start the new trading week on the back foot, following less than stellar data in China on Monday that showed the fallout from the country's zero-Covid policy. Read More
Stagecoach Group PLC - Perth, Scotland-based transport provider - Bidder lowers the acceptance condition for its agreed takeover offer to 50% from 75%. Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, has acceptances for its offer representing 30% of Stagecoach shares, unchanged from recent announcements. DWS decided to reduce the acceptance condition in order to provide more certainty to Stagecoach shareholders, as the deal is more likely to complete as a result, a spokesperson explains. Read More
Stagecoach Group PLC - Perth, Scotland-based transport provider - Bidder lowers the acceptance condition for its agreed takeover offer to 50% from 75%. Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, gives no reason for the decision. It says it has acceptances for its offer representing 27.5% of Stagecoach shares, essentially unchanged from recent announcements. Read More
(Alliance News) - Stocks in London ended mixed on Tuesday as earlier gains faded after US equity markets fell sharply at the open, while heavyweight oil majors helped keep the FTSE 100 in the green. Read More
(Alliance News) - European equities were enjoying a better day on Tuesday, with markets enjoying some respite after two successive days of sell-offs. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - National Express Group PLC on Tuesday said revenue in March beat the same month of the pre-pandemic year 2019. Read More
(Alliance News) - Stocks in London are seen opening higher on Tuesday, taking heart from a decent trading day in New York overnight, where the tech sector got an M&A boost. Read More