(Alliance News) - UK Prime Minister Keir Starmer will meet Volodymyr Zelensky along with the French and German leaders in Downing Street on Monday as discussions on ending the war in Ukraine continue. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Prudential PLC - London-based insurer focused on Asia and Africa - Announces that ICICI Prudential Asset Management Co Ltd has filed the red herring prospectus with the Registrar of Companies, Delhi and Haryana at Delhi, for an initial public offering comprising an offer for sale of up to 9.9% of the share capital in IPAMC by Prudential Corp Holdings Ltd, a subsidiary of Prudential. The RHP has also been filed with the Securities and Exchange Board of India, BSE Ltd and National Stock Exchange of India Ltd. The IPO and the amount of the offer for sale remain subject to market conditions, requisite approvals and other considerations. As previously indicated and in addition to the potential IPO, Prudential continues to consider a private sale of 2% of IPAMC to ICICI Bank Ltd. "We are also considering an additional pre-IPO placement to select institutional investors before the completion of the IPO," Prudential says. Read More
Trustpilot Group PLC - Copenhagen-based consumer review platform - Short-seller Grizzly Research LLC accuses the company of "mafia-style extortion campaigns against non-paying businesses". In its report, Grizzly says its "opinions are held in good faith" and its analysis is based on public information collected "in a manner that any person could have done if they had been interested in doing so". Trustpilot denies Grizzly's claim that it creates unsolicited review profiles to sell subscriptions. Says "Over 97% of businesses on the platform do not pay for a subscription. Consumers and businesses create profiles for free. 70% of reviews on free profiles are 5 stars." Also rejects claims that fake reviews are managed differently for paying and free businesses. "All businesses - whether free or paid - must comply with the same guidelines and are held to the same moderation principles," it says. Also denies that it has "traded the integrity of reviews for revenue". "We have c.200 people focused on ensuring trust and integrity across our platform and have removed 6.7 million reviews from the platform so far this year. We have successfully brought lawsuits against bad actor businesses and review sellers," it says. Read More
Anglesey Mining PLC - mining company with operations in Wales, Sweden and Canada - Enters binding letter of intent with Energold Minerals, its largest shareholder and largest creditor, and says the deal will "allow for a comprehensive restructuring and improvement of the balance sheet". The deal enables Anglesey to eliminate GBP4 million of debt in exchange for its stake in Grangesberg Iron and Labrador Iron Mines holding, reducing its outstanding debt to approximately GBP100,000. Company also says that Energold has agreed to invest GBP350,000 in Anglesey through the purchase of non-voting exchangeable warrants. Energold President Brendan Cahill, "an experienced executive in the mining sector", and former VVV Resources Ltd executive chair Jim Williams, will both join Anglesey's board upon the closure of the warrant offering. Read More
(Alliance News) - Pennpetro Energy PLC reported on Friday a narrowed loss for a first half "of profound transition". Read More
(Alliance News) - Blue chip stocks in London underperformed European and US peers on Friday, despite stable inflation data across the pond, as falls in oil majors BP and Shell weighed. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Barings Emerging EMEA Opportunities PLC reported an outperforming net asset value total return for its latest year. Read More
(Alliance News) - 1Spatial PLC on Friday said it won a deal from mapping agency Ordnance Survey Ltd for the next stage of a "major national project". Read More
Iofina PLC - iodine producer - Signs a deal with Western Midstream Partners LP for the development of a plant in the Permian Basin between western Texas and southeastern New Mexico. The plant will be funded and operated by Iofina and will be able to process around 50,000 brine barrels per day. "Western Midstream will supply up to 50,000 barrels per day of produced water in exchange for a royalty fee on the plant's production," Iofina adds. Groundwork is anticipated to start by the end of this year, with the plant expected to come online in the second half of 2026. Read More
RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Signs partnership agreement with Jones Lang LaSalle [JLL], a Chicago, Illinois-based professional services firm specialising in real estate and investment management. The agreement allows 12 JLL offices in London to offer tenants in JLL-managed properties the option of securing a professional guarantor through RentGuarantor. Paul Foy, RentGuarantor chief executive officer, says: "I am pleased to announce this new partnership for RentGuarantor. This collaboration is advantageous for both partners; it provides the opportunity for us to expand the reach of our service through an esteemed and well-known firm, whilst helping JLL to fulfil an aspect of their comprehensive tenancy management service that was previously missing - the option to secure an insurance-backed professional guarantor. We look forward to working with these selected JLL offices to enhance their offering to tenants." Read More
(Alliance News) - Genedrive PLC on Friday reported a narrowed full-year loss as its net finance costs fell and revenue almost doubled from routine use of its MT-RNR1 test. Read More
(Correcting headline and amount raised.) Read More
(Alliance News) - Supply@Me Capital PLC on Friday reported that four resolutions at its annual general meeting failed to pass, including for the re-election of Founder & Chief Executive Officer Alessandro Zamboni. Read More