(Alliance News) - Seven London-listed investment trusts on Monday confirmed they have entered three-year standstill agreements with their manager, abrdn Fund Managers Ltd, and activist investor Saba Capital Management LP. Read More
(Alliance News) - Workspace Group PLC on Wednesday said there was "still a long way to go" in its repositioning, but urged shareholders to back management, rather than activist-investor Saba Capital Management LP, which has called for a leadership shake-up. 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) - Workspace Group PLC on Thursday responded to Saba Capital Management LP's recent letter and presentation, calling the activist investor's proposed strategy "an accelerated wind-down" in disguise. Read More
(Alliance News) - Centrica secures a 20-year regulated contract to extend the life of the Sizewell B nuclear power station, Severn Trent says trading remains in line with expectations, while Computacenter upgrades its annual profit outlook after strong first-half trading. Read More
(Alliance News) - Workspace Group PLC has materially underperformed against sector peers and should embark on an "ambitious programme of strategic property disposals," activist investor Saba Capital Management LP proclaimed on Tuesday. Read More
(Alliance News) - Workspace Group PLC on Thursday acknowledged Saba Capital Management LP's letter calling for an overhaul of its board, as it expressed optimism around its recently announced strategy. Read More
(Alliance News) - Saba Capital Management LP on Wednesday successfully appointed its four nominees to the board of Impax Environmental Markets PLC, after it earlier in the day moved towards the replacement of non-executive directors at Workspace Group PLC. Read More
(Alliance News) - Saba Capital Management LP is expected to appoint four nominees to the board of Impax Environmental Markets PLC on Wednesday, as it also moved toward the replacement of non-executive directors at Workspace Group PLC. Read More
(Alliance News) - UK consumer price inflation held steady in May while producer input inflation accelerated to its highest level in more than three years. On the corporate front, Tritax Big Box REIT agreed terms for a data centre project in Essex, and AO World proposed a further GBP20 million shareholder return after annual profit more than doubled. Read More
(Alliance News) - Stock prices in London were lower at midday on Wednesday, as jittery investors looked ahead to US inflation data, and the conflict between the US and Iran continues. Read More
