(Alliance News) - The European Union is planning to overhaul its merger rules to curb national powers to block corporate takeovers in a bid to help European companies build the scale to compete with US and Chinese rivals, the Financial Times on Tuesday reported. Read More
CVC Income & Growth Ltd - investor in senior secured loans and other sub-investment grade corporate credit - Notes recent decline in its share price amid recent geopolitical developments and energy market volatility. The company's investment vehicle manager notes: "The outlook for 2026 was fairly benign at the start of the year, which was reflected in credit spreads. Since then, markets have repriced software risk in both public equity and public credit markets given the fast-paced developments we've seen in artificial intelligence. After the recent developments in the Middle East, markets have also started to price in higher for longer oil prices which could result in a slowdown in growth, but also higher inflation, potential supply chain issues and a reduction in consumer confidence. At this point, it's impossible to say where the conflict is heading. The portfolio continues to generate income in line with expectations, but the marks on the underlying assets move on a daily basis reflecting sentiment around the conflict and global growth. Both public equity and credit markets have repriced since the start of the year, resulting in a small negative NAV performance year to date. This shows that public credit markets are functioning." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The UK chancellor has told entrepreneurs looking to build new artificial intelligence products to "come to the UK" after announcing plans to create a new economics institute focused on the technology and a GBP500 million fund. Read More
Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Agrees terms to acquire a new non-operational energised grid connection infrastructure asset in Abu Dhabi, comprising a 1.5 megavolt-ampere grid connection and providing approximately 1.275 megawatts of available load, for total consideration of GBP850,000. This includes GBP450,000 in Active shares at 0.1 pence each, and GBP400,000 in deferred cash over a one-year period. Says the connection only requires modest upgrade works prior to the deployment of digital infrastructure. Plans to deploy its modular digital infrastructure layer following completion and minor upgrade works. This asset purchase follows Active Energy's signing binding heads of terms last week to acquire the Ghummud Site, a 3.5 MVA live grid connection asset, also in Abu Dhabi. Active on Tuesday says these two newly secured grid connections will provide approximately 5 MVA of energised capacity available for digital infrastructure deployment, leaving it with approximately 13 MVA of energised power infrastructure in total. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Petrol prices in the UK are now 10 pence higher than before the Iran war escalated, and diesel costs have shot up by 20p a litre, according to new figures. Read More
(Alliance News) - President Donald Trump said UK Prime Minister Keir Starmer has made a "big mistake" in his response to US calls for support in the war with Iran as he suggested the "good" trade deal he struck with the UK "probably wasn't appreciated". Read More
(Alliance News) - Stock prices in London closed higher on Tuesday, as uncertainty surrounding the Middle East conflict continued. 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 UK should follow more of the EU's rules to boost trade and cut prices, Rachel Reeves has claimed. Read More
First Class Metals PLC - Ontario, Canada-focused gold and critical metals explorer - Announces further visible gold has been identified in core from drilling at the Roy prospect on the Sunbeam Property in Ontario. The company says current drilling confirms the mineralised structure over a strike extent exceeding 300 metres. Chief Executive Officer Marc Sale says: "The drill programme at Roy has to date been a resounding success. I was fortunate to be on site when the first visible gold was identified. The identification of a second occurrence, in two sections of core, while we are still barely halfway through the logging and sampling is incredibly encouraging and furthers the credibility of the Sunbeam property as a whole." Read More
(Alliance News) - Fonix PLC on Tuesday said it is doing well across its core UK and Ireland markets as "Portugal continues to develop well", amid an increase in interim profit and revenue. Read More
(Alliance News) - SThree PLC on Tuesday said net fees declined in its first quarter, and it announced the departure of its chief financial officer later this year. Read More
(Alliance News) - Midwich Group PLC shares rose on Tuesday, despite the firm announcing that it swung to a statutory pretax loss despite relatively stable revenue last year, blaming a challenging environment but saying it is "in a strong position" for the future. Read More