LONDON MARKET OPEN: Unilever up as splits off ice cream arm
(Alliance News) - Stock prices in London lacked direction at the open on Tuesday, as investors digested interest rate decisions from Japan and Australia. Read More
(Alliance News) - Stock prices in London lacked direction at the open on Tuesday, as investors digested interest rate decisions from Japan and Australia. Read More
(Alliance News) - Unilever PLC on Tuesday said it plans to spin off its ice cream business and cut 7,500 jobs as it picks up the pace of its reorganisation plans. Read More
(Alliance News) - Diageo PLC on Tuesday said it will promote Non-Executive Director John Manzoni to be its new chair from early next year, replacing Javier Ferran. Read More
(Alliance News) - AstraZeneca PLC on Tuesday said it will buy Fusion Pharmaceuticals Inc, a Canada-based clinical-stage biopharmaceutical company developing "next-generation" radioconjugates. Read More
(Alliance News) - Stocks in London are called to open slightly lower, following some mixed trade across Asian markets. Read More
(Alliance News) - Stocks in London are set to open lower on Tuesday, ahead of several interest rate decisions from central banks across the world this week. Read More
(Alliance News) - An additional GBP58 billion will need to be invested in Great Britain's electricity grid in the first half of the next decade to ensure that it can supply the power to keep homes and businesses going, a new report has found. Read More
(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More
Smart Metering Systems PLC - Glasgow-based energy management services provider - Shareholders representing just under 18% of the company, including two founders, temper opposition to Kohlberg Kravis Roberts & Co LP takeover offer, which SMS backed in December. Funds advised by private equity firm Kohlberg Kravis Roberts & Co LP offered 955 pence in cash per SMS share, which gives a GBP1.3 billion equity value and GBP1.4 billion enterprise value to all of SMS. Primestone Capital LLP, together with Alan Foy and Steve Timoney, "remain disappointed" by the offer price but note interest in SMS elsewhere has been scarce. Read More
Ruffer Investment Co Ltd - investment firm aiming for positive total annual return of "at least twice" Bank of England bank rate - Says Henry Maxey, chief investment officer of manager Ruffer LLP, buys 2.0 million Ruffer Investment redeemable participating preference shares at 265.36 pence each, around GBP5.3 million in total. Read More
JPMorgan Multi-Asset Growth & Income PLC - investor with "diversified multi-asset portfolio" - Says just over 98% of shareholders back JPMorgan Global Growth & Income PLC merger at general meeting on Monday. Says trading of shares to be suspended on March 25. The merger, announced in January, will be conducted through the voluntary liquidation of JPMorgan Multi-Asset and the transfer of its assets to JPMorgan Global Growth & Income. JPMorgan Multi-Asset shareholders will receive new JGGI shares. Read More
Caledonia Mining Corp PLC - gold producer whose main asset is the Blanket Mine in Zimbabwe - Former chief executive Steve Curtis steps down from non-executive director board role with effect next annual general meeting. Curtis had retired as CEO in June 2022. Tariro Gadzikwa joins board as independent non-executive director in an appointment that came to effect on Friday. Gadzikwa was formerly chief financial officer of Johannesburg-listed Efora Energy Ltd, an oil and gas firm with operations in southern Africa, Egypt, Nigeria and the Democratic Republic of Congo. Read More
NatWest Group PLC - Edinburgh-based bank - Chief People & Transformation Officer Jen Tippin sells 92,100 shares at GBP2.43 each on Friday, around GBP224,000 in total. Tippin's stake following the sale was not disclosed. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday 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