(Alliance News) - London's FTSE 100 higher was higher around midday, though it was defensive stocks such as utilities and pharmaceuticals which led the charge, suggesting there is still lingering discomfort in markets amid tensions in the Middle East. Read More
(Alliance News) - THG PLC on Tuesday said it recorded its best quarterly revenue performance in the last year during the third quarter, despite revenue falling 4.4% from a year earlier, as it noted performance improving each month in the quarter. Read More
(Alliance News) - Kelso Group Holdings PLC on Tuesday announced its third investment, having purchased 1.0 million shares in cybersecurity company NCC Group PLC. Read More
(Alliance News) - Kelso Group Holdings PLC on Thursday said it voted against a resolution as a shareholder of TheWorks.co.uk PLC at the latter's annual general meeting on Wednesday, which related to a proposal of TheWorks paying a final dividend. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
Kelso Group Holdings PLC - London-headquartered investment company - Updates its shareholders on its investment in THG PLC, following the publication of THG's half-year results on Thursday. Says that while it was "generally pleased" with the operational and financial performance of THG, the lack of strategic update was disappointing. Notes there is no mention of plans for the medium-term structure of the business or regarding its move to the Premium Segment of the London Stock Exchange, adding: "These matters are important to shareholders; we think that today's material share price fall is due to the lack of clarity on these plans." Read More
(Alliance News) - THG PLC on Thursday reported a weaker first half of 2023 with revenue plummeting and loss widening on a setback in its Beauty division, but maintains a hopeful outlook as sales trends improve and earnings in line with forecasts. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More
(Alliance News) - Stock prices in London opened mixed on Thursday, with the focus being the European Central Bank's interest rate decision in the afternoon. Read More
(Alliance News) - Stocks in London are called higher, with all eyes on the interest rate decision from the European Central Bank later in the day. Read More
(Alliance News) - Online retail group THG PLC has sealed a surprise deal to buy London-based business free sheet City AM, the newspaper has confirmed. Read More
(Alliance News) - Blue-chip stock prices in Europe closed lower on Wednesday, as risk aversion set in ahead of a Federal Reserve interest rate decision later. Read More
(Alliance News) - Online retail group THG PLC is in talks over a surprise deal to buy business newspaper City AM, Sky News reported on Wednesday. Read More
(Alliance News) - Stock prices in London made little headway at Friday's open, but look set to maintain the week's gains, boosted by Wednesday's cool inflation print. Read More
(Alliance News) - THG PLC on Friday confirmed the sale of two loss-making businesses for a total of about GBP4 million, as part of a company simplification exercise that the e-commerce platform announced back in January. Read More
(Alliance News) - Stocks in London are expected to edge up at Friday's open, after better-than-expected retail sales data. Read More
(Alliance News) - THG PLC has struck a deal to shift its OnDemand division, Sky News reported late Thursday, wrapping up a programme on non-core asset disposals. Read More
Kelso Group Holdings PLC - London-headquartered investment company - Says in the first six months of 2023, it has raised more than GBP6.0 million in two tranches, placed at 2.0 pence and 2.5p. Says half of funds have been used to purchase shares in the Manchester-based e-commerce platform THG PLC. Kelso holds 8 million shares in THG. These were bought at an average price of about 61p. This means they cost Keslo about GBP5 million and have a current market value of just under GBP8 million, giving a gain of 62%. Kelso says it will release interim results by the end of September. Read More
(Alliance News) - Revolution Beauty Group PLC on Tuesday said three of its directors were ousted from its board at Tuesday's annual general meeting, with shareholder boohoo Group PLC voting against their re-election, though its remaining director offered the trio a reprieve. Read More