(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
Severfield PLC - York, England-based structural steel contractor - says it has cancelled effective immediately its agreement with Liberum regarding the GBP10 million share buyback programme announced in April 2024. In total, it had repurchased 13.4 million shares for GBP9.3 million between April 17 and Friday, February 28. Also issues a downbeat trading update, revising its 2025 underlying pretax profit forecast to between GBP18 million and GBP20 million. Expects 2026 underlying pretax profit to be lower than this revised guidance. Says that "market conditions have shown no signs of improvement" since its interim results in November, "with pricing remaining at tighter levels for longer than expected in a competitive market and project opportunities continuing to be either cancelled or delayed". Says this "includes a large project for which production was expected to commence in January and which has been recently delayed until early FY26". "Whilst the group has sought to mitigate the effects of these prevailing market conditions through new project awards, our normal contract execution improvements and cost reductions, as well as the cancellation of the share buyback programme, it has not been possible to secure sufficient work in the short term to fully offset the non-recovery of factory overheads in Q4," it says. Company adds: "Whilst we continue to see a good pipeline of project opportunities, client decision-making continues to be deferred and projects are not being awarded or progressing within normal timescales, consistent with the current lower level of business confidence in the UK economy as a whole." Read More
(Alliance News) - Defence stocks powered European equity markets higher on Monday, amid expectations of higher armament spending as politicians seek an end to conflict in Ukraine. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, ahead of US manufacturing PMI data due in the afternoon. 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) - The following London-listed shares received analyst recommendations on Monday morning and on Friday: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. 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) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: 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) - London's FTSE 100 snapped a three-day winning streak on Tuesday after plans by incoming US president Donald Trump to slam tariffs on China, Canada and Mexico sparked renewed investor concerns. Read More
(Alliance News) - Severfield PLC on Tuesday saw its shares fall more than 35% following its swing to a loss in the first half of its current financial year. Read More
(Alliance News) - Stocks in Europe went into Tuesday afternoon in negative territory, as the threat of US tariffs on the North American nation's neighbours, as well as arch-rival China, unnerved investors. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Severfield PLC - York, England-based structural steel maker - Issues trading statement ahead of Tuesday's annual general meeting. Says trading since the start of the financial year has been as expected, and it remains on track to deliver a result for 2025 in line with its expectations. Cash and balance sheet position remains strong. Businesses remain well-positioned to win work in markets with positive long-term growth trends, providing a strong platform to fulfil strategic growth aims. UK & Europe order book stands at GBP460 million as of July 1, of which GBP369 million is for delivery over the next 12 months. In India, order book at same date is GBP181 million. Read More