(Alliance News) - A group of British warships will patrol the Arctic, Keir Starmer has said, following Donald Trump's threats to annex Greenland after he cited concerns about its security. Read More
Mollyroe PLC - investment firm focused on AI business opportunities - Announces on Tuesday it has raised GBP300,000 through subscriptions for 120.0 million new shares at 0.0025 pence each. Says this "attracted the strong support of significant incoming shareholders." Subscribers will receive warrants on a one-to-one basis, exercisable at the issue price with a four-year term. Mollyroe subsequently announces on Friday it has raised an additional GBP5,000 through the issue of a further 2.0 million shares. Company intends to use the net proceeds "to provide funding to execute the investment strategy agreed by shareholders in 2024, and as furthered by the company's first investment as announced on 3rd September 2025 and for general working capital purposes." Adds on Tuesday that it is in the final stages of negotiating further funds through a convertible loan note. Also, Chair Noel Lyons says Mollyroe is in the final stages of recruiting a chief executive and chief innovation officer. Read More
(Alliance News) - Celtic PLC on Friday reported a decline in profit for a first half that saw a "great deal of change and disruption", with the football club on its third manager of the season. Read More
(Alliance News) - Dauch Corp on Friday reported a wider fourth quarter loss and a decline in annual profit, stemming from costs related to its buy of Dowlais. Read More
Pinewood Technologies Group PLC - Birmingham, England-based provider of software to the automotive retailing sector - Apax Partners LLP confirms that it does not intend to make an offer for Pinewood. Pinewood previously confirmed on January 29, responding to press speculation, that it was in discussions with Apax regarding a possible cash offer of 500 pence per share, following multiple earlier approaches. Apax says its decision is "In light of the prevailing challenging market conditions". Read More
(Alliance News) - UK Prime Minister Keir Starmer met the Ukrainian president and European leaders at a major defence summit. Read More
Tekmar Group PLC - Newton Aycliffe, England-based technology and services provider for the offshore energy industry - Secures contract worth over GBP4 million from "an established customer", to supply its 10th generation cable protection systems, and associated ancillaries, to "a large European offshore windfarm". Says it will deploy its in-house engineering expertise and holistic design capabilities to deliver an optimised technical solution for the project. Expects to complete delivery during financial 2027, and expects revenue recognition across both financial 2026 and 2027. Read More
GSTechnologies Ltd - Perth, Australia-based fintech company - Announces update on its 66.67% owned subsidiary Semnet Pte Ltd, having issued a notice of arbitration to Semnet's sellers, Choo Seet EE and Zheng Kang Wen Mervyn, in mid-July. Notes that a mediation hearing was held in early December, but now says that formal settlement terms were not reached. As a result, Semnet has formally issued and served a writ of summons against the sellers, and former manager Hoi Yan 'Daphane' Chong, "to vigorously pursue claims for alleged breaches of fiduciary and contractual duties." Says these include breaches of the sale & purchase agreement signed in December, 2023, which have negatively impacted Semnet's business. Seeks approximately US$4.2 million in total damages. Read More
(Alliance News) - Stock prices in London closed mostly higher on Friday, following the news that US consumer inflation slowed more than expected last month. Read More
(Alliance News) - Tern PLC shares fell on Friday after it announced an open offer to raise up to GBP384,408 before expenses. Read More
Prudential PLC - London-based insurer - Confirms Douglas Flint's appointment as a non-executive director and chair-designate will become effective on March 4. As previously announced, Flint will succeed Shriti Vadera as chair after the annual general meeting on May 28, when Vadera will leave the board. Flint, who has previously chaired Asia-focused lender HSBC Holdings PLC, currently holds the same post at asset manager Aberdeen Group PLC and intellectual property commercialisation firm IP Group PLC. Read More
(Alliance News) - Aferian PLC shares plummeted on Friday, after it announced banking facility extensions, and said it is in "advanced discussions" regarding alternatives to its formal sale process. Read More