(Alliance News) - Safestay PLC shares plunged on Tuesday afternoon as potential suitor Infill Capital Partners confirmed that it does not intend to make a takeover offer for the company. Read More
(Alliance News) - Stock prices in London were lower at midday on Tuesday as renewed military escalation between the US and Iran sent oil prices sharply higher, lifting energy stocks ahead of US inflation data and a raft of major bank earnings. Read More
(Alliance News) - Stock prices in London were slightly higher at midday on Friday, in a calmer day on the markets, as oil prices eased a little and easyJet was boosted by takeover activity. Read More
(Alliance News) - Safestay PLC on Friday said it is in talks regarding its possible takeover, while noting that no firm offer has been made so far. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Safestay PLC on Thursday announced the early termination of the lease at Safestay Berlin Kurfurstendamm and the proposed liquidation of an operating subsidiary. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Safestay PLC on Thursday said challenging trading conditions have persisted, and the company reported that "various strategic options", including an equity fundraise, are in consideration. Read More
Safestay PLC - London-based hostel operator - Announces swing to pretax profit of GBP591,000 in the first half of 2025, from a loss of GBP113,000 a year ago. Revenue falls 5.7% to GBP10.1 million from GBP10.7 million. Notably, Safestay reports other operating income of GBP1.2 million in the first half of 2025, compared to none a year prior. Cost of sales decreased to GBP1.5 million from GBP1.7 million, while administrative expenses increased to GBP7.8 million from GBP7.5 million. The company says during the first half it "delivered further strategic progress and a resilient financial performance, despite the challenging trading environment which impacted pricing and demand across the European hostels market." Read More
Safestay PLC - London-based hostel operator - Announces the signing of its first franchise agreement effective from September 1, with hostel owner and operator Sycomore Entwicklungen GmbH. Contract has an initial term of five years with an option to extend for a further five years, and covers two hostels in "the sought-after alpine resort of Kitzbuhel, Austria". Says Kitzbuhel is "an ideal location for Safestay to broaden its reach beyond its core market of city centres in major European capitals", due to its "world-class ski facilities and summer attractions". Company is entitled to guaranteed fixed annual payments and additional performance-based fees. Franchising "offers reduced capital requirements while allowing Safestay to leverage its established international brand, marketing reach and operational capabilities to drive incremental growth," Safestay adds. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced recently and not separately reported by Alliance News: Read More
(Alliance News) - Safestay PLC on Monday hailed record annual revenue in calendar 2024 and reported a narrowed loss despite what it called a "challenging macroeconomic environment". Read More
(Alliance News) - London's FTSE 100 is called to open lower at the start of the week, but looks set to avoid a deeper sell-off, in the wake of the US striking Iranian nuclear targets. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Safestay PLC on Monday announced it has received planning approval for a new 170-bed hostel in Brighton, following the group's acquisition of the property in June 2024. Read More
(Alliance News) - Safestay PLC said its revenue hit a record high in 2024 as occupancy increased and its portfolio expanded against cost-of-living pressures. Read More