(Alliance News) - Serica Energy PLC on Thursday announced the completion of the acquisition of Southern North Sea assets from Spirit Energy Ltd and certain affiliates. Read More
Serica Energy PLC - UK-focused oil and gas producer - Formally announces intention to move its listing from AIM to the London Stock Exchange's Main Market. Admission is expected before the end of October, subject to Financial Conduct Authority approval of a prospectus and the shares being admitted to the Official List and Main Market. The move will be effected through an introduction of existing shares, with no fundraising or new securities being issued. Admission does not require shareholder approval, and the company's AIM listing is expected to be cancelled concurrently with admission to the Main Market. Chair David Latin says, "We have been proud to be part of AIM, and the move to the Main Market reflects the scale and maturity of the business today, supporting our ambition to deliver long-term value for shareholders through providing the platform to take our investment case to the widest possible audience." Read More
(Alliance News) - Land Securities agrees to sell a London office for GBP211 million, while Entain maintains its annual guidance despite an online betting ban in Brazil. HICL Infrastructure invests around GBP68 million in Scandinavian rail freight operator Hector Rail. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - BP PLC's North Sea business would be under consideration from potential buyers including Adura and NEO Next+, Bloomberg reported on Wednesday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Pharos Energy PLC on Monday pushed its court and general meetings to August 28 to allow shareholders more time to consider the improved acquisition offer from Ratio Petroleum Energy LP. Read More
(Alliance News) - Serica Energy PLC has confirmed that it will not proceed with its offer for Pharos Energy PLC, which has instead favoured a bid from Ratio Petroleum Energy LP. Read More
(Alliance News) - European stocks opened mixed on Monday, in a slow start to the new week as investors track developments in the Middle East and look ahead to a US inflation reading on Wednesday. Read More
(Alliance News) - Serica Energy PLC on Monday said its takeover offer for Pharos Energy PLC is final and won't be raised. Read More
(Alliance News) - Plus500 reports improved half-year earnings and sets out a buyback and increased dividend, Serica Energy has backed out of the rate to acquire Pharos Energy, while Nichols has unveiled a deal of its own. Read More
(Alliance News) - Pharos Energy PLC on Friday said it is recommending a fresh takeover approach from Ratio Petroleum Energy LP, as it withdrew its support for a takeover by Serica Energy PLC, a London-based oil and gas producer. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - UK house price growth slows to its weakest pace since late 2023 in July, according to Lloyds, while JD Sports Fashion appoints former IKEA chief executive Peter Agnefjall as chair. Goodwin confirms it is reviewing strategic options, including a potential sale of a substantial part of its Mechanical Engineering division. Read More
(Alliance News) - The FTSE 100 closed higher in London on Monday as investors welcomed a temporary pause in hostilities between the US and Iran, which helped drive the oil price sharply lower. Read More
(Alliance News) - European shares moved higher at the start of the week, as a pause in US and Iran hostilities lifted hopes of a prolonged peace agreement, and sent oil into reverse. Read More
(Alliance News) - European equities pushed higher, while oil and the dollar weakened on de-escalation hope in the Middle East. Read More
(Alliance News) - AstraZeneca affirmed annual guidance, while Vodafone lifted its outlook after the Safaricom deal. Elsewhere, DCC Energy has agreed to a takeover, Serica Energy will buy Pharos Energy but IP Group's suitor will not make an offer for the firm. Read More
(Alliance News) - Pharos Energy PLC has agreed to an all-cash takeover offer from Serica Energy PLC that values Pharos at GBP145.7 million, the two London-listed companies announced on Sunday evening. Read More
(Alliance News) - European stocks are set to open higher on Monday, with the FTSE 100's advance expected to be slightly more tempered, after Iran and the US held their fire Sunday. Read More