(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
Serica Energy PLC - offshore oil and gas producer in UK continental shelf - Signs new six-year reserves-based lending facilities totalling USD750 million, including a USD500 million secured revolving loan facility and a USD250 million secured revolving letter of credit facility. The new arrangements replace Serica's previous USD525 million reserves-based lending facility. They are with a consortium of 11 banks, which include all of the banks involved in the previous facility. Read More
Serica Energy PLC - London-based, UK North Sea-focused oil and gas producer - Completes its purchase from ONE-Dyas of a 10% interest in the Catcher Field and a 5.21% interest in the Golden Eagle Area Development. Says it has settled the USD6.8 million consideration and received a $13.0 million payment, reflecting interim post-tax cashflows since January 1, 2024. Serica adds that it will receive around 85,000 barrels of oil equivalent in respect of an underlift position, and receive the roughly $8 million associated cash proceeds in the third quarter. Says the acquisition further diversifies its producing portfolio, which has current net production of around 2,500 boe per day, and adds combined net 2P reserves of 3.0 mmboe and 2C resources of 0.5 mmboe as at December 31. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More