LONDON BROKER RATINGS: Morgan Stanley raises Aviva; Jefferies cuts GSK
29th Oct 2026 10:06
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Monday: Read More
Renew Holdings PLC - Leeds, England-based engineering services provider - Acquires Porter Brothers Holdings Ltd, parent company of PBU UK Ltd, for of up to GBP50.0 million in cash. The initial cash outlay of GBP31.1 million is funded through existing banking facilities, with a further GBP18.9 million conditional on profit targets being met over the next three years, Renew says. The acquisition, via subsidiary Excalon Holdings Ltd, strengthens the company's capabilities in electricity transmission and distribution through PBU's specialist extra-high-voltage cabling and directional drilling services, Renew says. Read More
(Alliance News) - GSK reports a fall in third-quarter profit despite higher revenue, while Unilever upgrades its full-year volume growth outlook. Aston Martin narrows its third-quarter loss as revenue jumps, driven by deliveries of its Valhalla supercar. Read More
Renew Holdings PLC - Leeds, England-based engineering services group that provides maintenance for infrastructure networks in the UK - Says it expects to report "record levels of revenue and operating profit" for the year ended on September 30. The company says it expects full-year adjusted revenue and adjusted operating profit in line with market consensus of GBP1.19 billion and GBP77.7 million respectively. Renew says: "The record performance delivered during the year reflects the resilience of the group’s operating model and the quality of its increasingly diversified end-market exposure." Renew says its net cash position was ahead of market expectations. Company-compiled consensus expects pre-IFRS 16 net cash of GBP6.3 million. Renew attributes this balance sheet strength to receiving a one-off insurance payment of around GBP6.9 million "relating to the settlement of historical claims". Renew says its cash position allows it to progress its mergers pipeline and that it plans to expand in the water and energy markets both organically and through targeted acquisitions. Renew says it is confident in its "prospects for the year ahead and beyond." It will announce annual results on November 24. Read More
Renew Holdings PLC - Leeds-based engineering and maintenance group - Reports record revenue and operating profit for the year ended September 30, with trading in line with market expectations. Says performance reflects the "resilience of the Group's operating model" and increasingly diversified end-market exposure. Continues to focus on water and energy markets, supported by acquisitions of Emerald Power Ltd, Edwards Diving Services Ltd, PWR-X Ltd and Electricity Distribution Engineering Services Ltd. Says acquisitions are integrating well and expects to expand in these markets organically and through further earnings-enhancing acquisitions. Balance sheet remains strong, ending the year with a net cash position ahead of market expectations, partly due to a one-off GBP6.9 million insurance payment relating to the settlement of historical claims. Says increased participation in attractive end markets with visible and committed investment programmes contributes to a record order book at September 30, providing confidence in prospects for the year ahead and beyond. Will announce preliminary results on November 24. Read More
Renew Holdings PLC - Leeds, England-based engineering services - Hires Pete Raby to be its next chair, succeeding David Brown. Raby, was chief executive officer of FTSE 250-listing Morgan Advanced Materials PLC until last year. He currently is a non-executive director of Hill & Smith PLC and Chemring Group PLC. Raby will join the Renew board on October 5 and replace Brown as chair on January 27. Brown is stepping down from the board after nine years as a member. Read More
(Alliance News) - Renew Holdings PLC on Tuesday said it has acquired Electricity Distribution Engineering Services Ltd, a high voltage engineering design service provider, for up to GBP9.0 million. Read More
(Alliance News) - Renew Holdings PLC on Tuesday expressed confidence in its full-year outlook, as it raised its interim dividend amid improved profit. Read More
Renew Holdings PLC - Leeds, England-based engineering services group - Acquires through its subsidiary Excalon Ltd, provider of specialist cable jointing services to the power industry, PWR-X Ltd for a GBP1.1 million total consideration. Notes the deal was on a cash and debt free basis. Says the initial GBP750,000 cash consideration was funded via the company's bank facilities. "This acquisition represents a strong strategic fit expanding Excalon's capabilities and enhancing its offering in the high voltage power market," says Renew Holdings. Adds that it continues to evaluate a pipeline of further acquisitions. Read More
(Alliance News) - Renew Holdings PLC on Wednesday reported a strong business performance in line with expectations despite disruptions to its energy services and fewer rail renewals. Read More
(Alliance News) - Stocks were called higher on Wednesday, as markets became more hopeful of a de-escalation in the Middle East. Read More
(Alliance News) - Renew Holdings PLC on Thursday expressed optimism for full-year trading, as it updated on performance head of its annual general meeting. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More