LONDON BROKER RATINGS: Deutsche Bank raises AJ Bell and IntegraFin
1st Apr 2025 09:26
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
Saga PLC - Kent, England-based provider of services to people aged 50 and over - Redeems outstanding senior unsecured notes, maturing July 2026, following receipt of funds under new credit facilities that were announced in January. Further says GBP75.0 million drawings under the GBP85.0 million loan facility provided by Roger De Haan, maturing April 2026, have been repaid and, as such, the facility has been cancelled in full. Also, says the existing GBP50.0 million revolving credit facility has been cancelled in full. Read More
Saga PLC - Kent, England-based provider of services to people aged 50 and over - On Thursday, says it expects annual profit growth, and announces a refinancing of its corporate debt. Underlying pretax profit in the year, which concludes on Friday, is to be "marginally" higher than 12 months prior on a like-for-like basis. It will be "ahead of our previous guidance", Saga adds. "As we look ahead, we expect the momentum to continue to build in our Cruise and Travel businesses. As previously outlined, we anticipate that Insurance Broking earnings will fall in the short-term, ahead of the start of the partnership with Ageas, but are pleased that work on the transition is on track to allow the new arrangement to go live Q4 2025," Saga says. The firm says it has agreed new credit facilities with certain funds and accounts on HPS Investment Partners' direct lending platform. The facilities will "materially enhance the group's liquidity position, significantly increase covenant headroom and provide funding certainty as the group moves to execute its growth plans". The financing includes a GBP335.0 million term loan, which will go towards repaying its GBP250.0 million senior unsecured notes which mature in July 2026. It will also repay GBP75.0 million of drawings under a GBP85.0 million loan facility with Chair Roger De Haan. Saga also announces a GBP100.0 million delayed-draw term loan facility that is available for three years and a GBP50.0 million revolving credit facility. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Correcting AIM All-Share, CAC, DAX closing prices) Read More
(Alliance News) - The FTSE 100 started the week on the back foot hindered by weak economic data and caution ahead of interest rate calls either side of the Atlantic this week. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Saga PLC on Monday confirmed a new insurance partnership with, and agreed the sale of its underwriting business to, Belgium's Ageas SA. Read More
(Alliance News) - London's FTSE 100 was down heading into Friday afternoon, with Sainsbury's struggling, as US banking results kick off the third quarter earnings season. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Saga PLC on Friday announced a widened half-year loss amid an impairment in Insurance Broking goodwill, as it highlighted exclusive talks for a long-term partnership. Read More
(Alliance News) - European stocks opened mixed on Friday, in uncertain trade following a hotter-than-expected US inflation data, which came alongside a weaker reading of the nation's labour market. Read More
(Alliance News) - Equities in London are called to open slightly higher on Friday, shaking off a decline in New York where stocks fell after a stronger-than-expected inflation reading. Read More
(Alliance News) - London's FTSE 100 faded into the close but still posted modest gains on Wednesday, while mid-and-small caps fell back amid ongoing Middle East nerves. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Shares in Saga PLC climbed on Wednesday as it said it was holding talks with Belgium's Ageas SA with regard to a potential partnership arrangement for its Insurance business. Read More
(Alliance News) - Saga PLC said it is trading in line with expectations, with its travel arm soaring, though its insurance offering struggling to make further traction. Read More
(Alliance News) - Saga PLC on Tuesday highlighted an exceptional start to the year at its cruise business but said conditions in insurance remain challenging. Read More
(Alliance News) - London's FTSE 100 is set to tread water on Tuesday, with a slump for US tech shares overnight keeping a lid on enthusiasm. Read More