(Alliance News) - Mercantile Investment Trust PLC on Friday reported growth in its net asset value, but a lower return than its benchmark in financial 2026. Read More
(Alliance News) - Stock prices in London were mixed on Thursday, as the FTSE 100 missed out on a European rally amid weakness in SSE and National Grid after Ofgem approved a GBP28 billion investment. Read More
(Alliance News) - Rio Tinto says earnings could rise by up to 50% by 2030, SSE and National Grid welcome Ofgem's approval of GBP28 billion of energy investment and SSP swings to a loss. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Announces that the relevant court has on Tuesday sanctioned the scheme of arrangement for its acquisition by Project Aurora Bidco Ltd, a special purpose vehicle indirectly wholly owned by investment funds and vehicles advised or sponsored by Kohlberg Kravis Roberts & Co LP and its affiliates. Spectris said at the end of October that it was in an "advanced stage of preparation for completion" of the takeover. Says on Tuesday that the scheme remains conditional and will take effect upon the court order being delivered to the Registrar of Companies, which Spectris expects to occur on Thursday. Read More
(Alliance News) - WPP PLC is set to make way for a returning British Land Co PLC on the FTSE 100, as the advertising agency's more than 60% share price slump this year leaves it set for a festive index relegation. Read More
(Alliance News) - Hill & Smith PLC on Wednesday said former Spirax Group PLC Chief Executive Nick Anderson will replace Alan Giddins as chair in May 2026, as it said recent trading has remained positive. Read More
(Alliance News) - Hill & Smith PLC on Wednesday said former Spirax Group PLC Chief Executive Nick Anderson will replace Alan Giddins as chair in May 2026. Read More
(Alliance News) - Kohlberg Kravis Roberts & Co LP on Friday outlined board appointments planned for Spectris PLC and its new parent company once its proposed acquisition of the precision instrumentation firm completes. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Says sales in the third quarter of 2025 rose 11% to GBP335.6 million from GBP302.7 million a year prior. Spectris Scientific sales were up 12%, while Spectris Dynamic sales were up 10%, all on a reported basis. The company continues to expect 2025 adjusted operating profit in line with management expectations. Regarding its planned acquisition by New York-based private equity firm KKR, Spectris says it is in an "advanced stage of preparation for completion." Back in September, it had said it expected the takeover to complete in or before the first quarter of 2026. Read More
(Alliance News) - Shell launches new USD3.5 billion buyback, WPP cuts its outlook while Permanent TSB puts itself up for sale. Read More
(Alliance News) - Spectris PLC on Monday said it has cleared the US waiting period for takeover by New York-based private equity firm Kohlberg Kravis Roberts & Co. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Receives confirmation from the State Administration for Market Regulation of the People's Republic of China that no further review will be conducted into its acquisition by Kohlberg Kravis Roberts & Co LP via special purpose vehicle Project Aurora Bidco Ltd. The foreign direct investment authority in Italy also grants the takeover clearance. Spectris says filing processes in other jurisdictions are progressing in line with expectations, and expects the takeover to complete in or before the first quarter of 2026. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Spectris shareholders at general and court meetings on Wednesday vote to accept a takeover offer from US private equity firm Kohlberg Kravis Roberts & Co. The takeover is supported by 99.9% of shares voted. The recently raised KKR offer of 4,175p per share values all Spectris equity at GBP4.2 billion and gives an enterprise value of GBP4.8 billion. It consists of 4,147p in cash and an interim dividend of 28p. The way was cleared for the KKR offer after Advent International LP earlier this month said its own 4,100p per share bid for Spectris was final and would not be increased again. Spectris had accepted the increased offer from Advent and withdrew its recommendation of a 4,000p bid from KKR but switched horses again when KKR raised its own offer. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Advent International LP says 4,100 pence per share bid for Spectris is final and will not be increased. Leaves the way clear for US private equity firm Kohlberg Kravis Roberts & Co which, on Tuesday, lifted its own offer to 4,175p per share, which Spectris accepted. The bid values all Spectris equity at GBP4.2 billion and implies an enterprise value of GBP4.8 billion. On Friday last week, Spectris had accepted the increased offer from Advent and withdrew its recommendation of a GBP40 per share bid from KKR but switched horses again on Tuesday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More