(Alliance News) - London stocks were set to open higher on Wednesday morning, with UK Prime Minister Keir Starmer flying to the US for talks with Donald Trump. Read More
(Alliance News) - Coca-Cola Europacific Partners PLC and THG PLC are set to join the FTSE 100 and FTSE 250, after both changed listing arrangements, while John Wood Group PLC's share price slump means an exit from the mid-cap index is likely. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Frasers Group PLC holds 63.1 million THG shares, a 4.8% stake, as of Friday last week, THG says in a stock exchange announcement on Tuesday, providing no other details. At the current market price, the stake is worth GBP26.6 million. Back in June, Shirebrook, England-based retailer Frasers and THG signed a cooperation agreement that included the launch of THG's Myprotein products in Frasers' Sports Direct stores. In October, Frasers invested GBP10 million in THG by taking part in an equity raise conducted to support the spin-off of THG's Ingenuity technology business. On Thursday last week, THG provided a positive trading update, having completed the demerger of Ingenuity at the start of the month. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Stocks were called to open higher in London on Friday morning, although UK consumer confidence has reportedly suffered a steep fall in recent weeks. Read More
(Alliance News) - THG PLC on Thursday said results were in line with its expectations last year, as it completed the spin-off of its technology arm and positioned itself for inclusion in the FTSE 250 index. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Monday, with investors mostly awaiting US inflation data in the afternoon. Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Says it has received approval from the UK Financial Conduct Authority for the transfer of its shares to the equity shares (commercial companies) category of the Official List, from the equity shares (transition) category. The move came into effect on Monday, making the group eligible for inclusion on the FTSE UK index. Read More
(Correcting Gresham House Energy Storage Fund PLC entry to include news from Monday.) Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Will change its London listing category to 'commercial companies' from 'transition' to clear the way for inclusion in FTSE UK indices. The change in listing status will be effective from January 6. This will allow THG to be part of the March quarterly index review by index provider FTSE Russell. It will miss the December review, which will take place next week. At that review, Deliveroo PLC and Oxford Nanopore Technologies PLC, who made the same change to their listing category, are expected to join the FTSE 250 index of mid-cap stocks. With a market capitalisation of GBP715.4 million, THG would be almost certain to do the same come March. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Non-Executive Chair Charles Allen and other directors buy 857,073 shares in total at GBP0.46 to GBP0.48, worth about GBP400,000, on Wednesday. THG earlier this month raised just over GBP95 million in a share issue at 49 pence to fund a plan to demerge its Ingenuity division. Of that GBP10 million was contributed by Founder & Chief Executive Officer Matthew Moulding. Read More
(Alliance News) - Acquisition vehicle Selkirk Group PLC on Thursday said it plans to start trading on the London's AIM market later this month. Read More
THG PLC - Manchester-based e-commerce retailer - Founder & Chief Executive Officer Matthew Moulding takes part in THG's equity raise, as announced last week. Moulding buys 20.4 million shares via FIC Shareco Ltd at 49 pence, worth GBP10.0 million on Tuesday. Moulding now has 341.3 million shares, of which 219.2 million are ordinary voting shares - 14.4% of the expanded total - and 122.2 million are unlisted ordinary shares. THG on Friday said it raised GBP95.4 million in total from the sale of 194.7 million new shares, 14.6% of the total prior to the raise, at 49p. THG raised GBP75 million from a share placement run by Barclays, Jefferies and Peel Hunt. To that was added the GBP10 million investment by Moulding and GBP10 million from acquisitive fellow retailer Frasers Group PLC. The "strategic investment" by Frasers followed a partnership between THG and Frasers that was announced back in June. The equity raise will be used to finance the demerger of THG's Ingenuity division, which operates its e-commerce platform, so as to make THG a pure-play retailer of consumer beauty and nutrition products. THG Chief Financial Officer Damian Sanders also takes part in the equity raise, buying 153,061 shares. Read More
(Clarifies that Rio Tinto's acquisition of Arcadium occurred last week Wednesday.) Read More
(Alliance News) - Stocks were higher in London on Wednesday morning, as data showed that UK consumer price inflation fell in September to its lowest rate in more than three years, while producer prices decreased. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More