(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady. Read More
(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Thursday said it has agreed to a USD1.40 billion cash takeover from music rights acquirer Alchemy Copyrights, which trades as Concord Chorus Ltd. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Thursday, shaking off a miserable session for US tech shares overnight. Read More
Hipgnosis Songs Fund Ltd - London-based music investment company - Promotes Non-Executive Director Cindy Rampersaud to senior independent director, effective from Friday last week. Rampersaud has been on the music royalty investor's board since August last year. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Thursday confirmed the valuation of its portfolio was in line with an earlier estimate, giving its shares a boost. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it had identified an error in its latest operative net asset value calculation. 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) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it will divert its free cashflow toward paying down debt and won't resume paying dividends "for the foreseeable future", as an independent study found a lower valuation for the company's portfolio. Read More
(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that it plans to bring a High Court claim against its founder, Merck Mercuriadis, after he refused to indemnify the company against liabilities. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said that its request for an indemnity from its founder had been denied, prompting the company to pursue court action in pursuit of the full amount. Read More
Hipgnosis Songs Fund Ltd - London-based investor in music rights - Says 99.9% of shareholders vote in favour of a special resolution at its extraordinary general meeting. This was to enshrine payment of a fee, at the board's discretion, of up to GBP20 million to any prospective bidders who approach the board seeking to make an acquisition of Hipgnosis assets on terms recommendable to shareholders. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer. Chair Robert Naylor says: "The board remains focused on the strategic review, under which it is looking at all options to deliver shareholder value. The board will update shareholders as to the outcome of due diligence in due course." Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it has appointed solicitors to review the claim made against its founder Merck Mercuriadis, Hipgnosis Songs Management and the company by Hipgnosis Music Ltd. Read More
(Alliance News) - Merck Mercuriadis is stepping down as chief executive of music royalties fund manager Hipgnosis Songs Management. Read More
(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said its investment adviser, Hipgnosis Songs Management Ltd, has refused its request to drop the call option from its investment advisory agreement. Read More
Hipgnosis Songs Fund Ltd - investor in music rights - Will call extraordinary general meeting of shareholders to approve a proposal to compensate potential bidders for the fund's assets. The board wants to be able pay a fee of up to GBP20 million to prospective buyers offering terms recommendable to shareholders by the board. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer. Read More
(Alliance News) - Investors were not in the festive spirit on Thursday, with stocks in London down, as the last load of US economic data edges closer. Read More