(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 ended Friday on the back foot as banking stocks came under pressure amid reports that the UK government is considering a windfall tax on the sector. Read More
(Alliance News) - John Wood Group PLC on Friday accepted a bid proposal which includes a cash injection into the business, albeit the long-running takeover saga remains subject to several conditions. Read More
(Alliance News) - John Wood Group PLC on Friday said it has sold its North American Transmission & Distribution engineering business to Qualus LLC for USD110 million cash, as takeover talks rumble on. Read More
(Alliance News) - Frasers promotes new chair, Apax Global Alpha's net asset value slips ahead of its takeover while John Wood sells a transmission and distribution business. Read More
(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday, while blue-chip distribution firm Bunzl rose as it reported "reassuringly prosaic" half-year earnings. Read More
John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting - Potential bidder Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara, lowers indicative takeover offer to 30 pence per share from 35p, following the completion of due diligence. John Wood says its board "would be minded to recommend" the reduced offer to shareholders. It has given Sidara an extension of the deadline to announce a firm intention to make an offer to the close of business on Thursday. John Wood says there is "commercial alignment" between Sidara and Wood's lenders on the terms for a proposed refinancing of its debt. However, it warns there is no certainty of the takeover offer being made by Sidara. John Wood rejected an offer from Sidara in August last year for 230p - and prior to that a 240p bid from Apollo Global Management - before Sidara returned in February this year with its 35p bid. In the meantime, concerns have been raised over John Wood's financial statements, culminating in the launch of a formal investigation by the UK Financial Conduct Authority in June. Its shares have been suspended from trading in London since the end of April due to its failure to publish its 2024 results. Read More
(Alliance News) - John Wood Group PLC on Monday extended the deadline for a firm takeover offer from Dar Al-Handasah Consultants Shair & Partners Holdings Ltd, known as Sidara. Read More
(Alliance News) - John Wood Group PLC on Friday said it has agreed to sell its 50% stake in RWG Repair & Overhauls Ltd to joint venture partner Siemens Energy AG for USD135 million in cash, as part of the oil field services company's drive to pay down its debt. Read More
(Alliance News) - London stocks are called higher on Friday, as a UK retail data reading shows a rise in sales in June that fell short of expectations. Read More
(Alliance News) - Concerns raised over John Wood Group PLC's financial statements go back as far as 2017, the Financial Times reported Sunday. Read More
(Alliance News) - London's FTSE 100 is set to open higher on Monday, despite warnings for autumn tax hikes over the weekend, as UK gross domestic product grows as expected during the first quarter of 2025. Read More
(Alliance News) - John Wood Group PLC on Friday said the UK Financial Conduct Authority has launched an investigation into the company, covering a period of nearly two years. Read More
John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Together with joint venture partner Tendrill International Sdn Bhd, John Wood secures a "major" contract with Brunei Shell Petroleum Sdn Bhd, a joint venture between Shell PLC and the government of Brunei. The five-year contract is for brownfield engineering, procurement, and construction services. It has a two-year extension option. Tendrill Managing Director Haryati Ramlee says the contract marks "a significant milestone" for the TendrillWood joint venture, which was formed in 2023. The companies don't provide any financial details. 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 earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
(Alliance News) - The FTSE 100 climbed on Monday, while the pound rose, amid hopes for a softer policy on tariffs from the US. Read More
(Alliance News) - Stock prices in London were in the green at midday on Monday, while Beijing has warned the UK against "politicising" an unfolding spat over the future of Chinese-owned British Steel. Read More