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Lastest Finance News

IN BRIEF: Fenikso receives partial repayment on USD51.9 million loan

13th May 2026 18:07

Fenikso Ltd - investor in Nigerian oil and gas assets - Reports the receipt of funds under the Lekoil & Gas Investments loan that was entered into at the end of 2022, as part of the Fenikso restructuring. Receives USD798,277 as a partial repayment of the loan of USD51.9 million. Notes the remaining amount under the loan is USD32.4 million. Adds that the amount received equates to 8.65% of the most recent payment from crude oil sales received by Logi, with the next payment set for June. Read More

IN BRIEF: Gana Media subsidiary teams with Grupo Radio Centro

13th May 2026 18:04

Gana Media Group PLC - London-based mobile gaming content provider - Wholly owned subsidiary Estadio Deportes inks content partnership with Grupo Radio Centro, expanding sports coverage into broadcast radio. Under the agreement, Radio Centro will air the Estadio Deportes program "Sin Filtros" on Radio Red in Mexico, Monday through Friday from 1200 noon. Notes the agreement provides a new platform to expand the reach of Sin Filtros. Read More

LONDON MARKET CLOSE: Gilts steady as PM clings on; miners aid FTSE 100

13th May 2026 17:01

(Alliance News) - The FTSE 100 rallied on Wednesday, led by mining stocks, while gilts steadied as UK Prime Minister Keir Starmer kept a precarious grip on power. Read More

Cordel agrees to GBP29 million cash acquisition by Germany's Vossloh

13th May 2026 16:47

(Alliance News) - Cordel Group PLC on Wednesday said it has agreed to be acquired by Werdohl, Germany-based railway infrastructure company, Vossloh AG, in a GBP29 million all-cash deal. Read More

Airtel Africa falls as Bharti Airtel raises stake at discounted price

13th May 2026 15:44

(Alliance News) - Shares in Airtel Africa PLC slumped Wednesday afternoon in London after Bharti Airtel Ltd confirmed it will raise its stake, but buy shares at a discount to the prior closing share price. Read More

IN BRIEF: Arrow Exploration "encouraged" by Icaco 1 well log results

13th May 2026 15:31

Arrow Exploration Corp - Colombia-focused oil producer - Updates on operational activity at the Icaco field on the Tapir Block in the LLanos Basin of Colombia. Says the Icaco 1 exploration well was spud on May 5, reaching target depth four days later, and adding that it was drilled on tike and under budget to a total measured depth of 7,800 feet. Notes that "multiple" hydrocarbon-bearing intervals were encountered. Reports that log analysis showed 30 feet of pay in the Carbonera C7 formation, 15 feet in the Gacheta formation along with 26 feet in the Ubaque formation. Adds that it plans to production test the IC-1 well in the three formations that are hydrocarbon-bearing on petrophysical analysis. Read More

IN BRIEF: Rome Resources takes part in airborne geophysical survey

13th May 2026 15:31

Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - Says it is participating in an airborne geophysical survey covered the greater Bisie tin district. Notes this district contains one of the world's highest grade tin plays, with the survey forming part of a broader contiguous programme of geophysical data acquisition. Says acquisition of over 600 kilometres of helicopter-borne geophysical data is planned for the company, with the survey to cover the entirety of its two licences. Adds that pre-survey testing began in the southern area on Monday, and is anticipated to move onto the company's licence areas in late May. Read More

PRESS: Boots picks Currys' Baldock as next chief executive - Sky

13th May 2026 14:52

(Alliance News) - Sky News reported on Wednesday that Alex Baldock, the outgoing chief executive officer of Currys PLC, is expected to become the next CEO of pharmacy chain Boots. Read More

CORRECT: Rosebank completes acquisition of CPM amid Main Market move

13th May 2026 14:41

(Correcting the day of Rosebank's announcement) Read More

UzNIF IPO raises USD603 million in "defining moment for Uzbekistan"

13th May 2026 14:29

(Alliance News) - The National Investment Fund of the Republic of Uzbekistan JSC, known as UzNIF, on Wednesday launched its initial public offering in London. Read More

Steps to fast-track EU rules into UK law included in King's Speech

13th May 2026 14:18

(Alliance News) - The UK government could fast-track EU rules into law without giving MPs a vote under legislation brought forward in the King's Speech. Read More

Schroder Income Growth Fund underperforms benchmark but optimistic

13th May 2026 14:16

(Alliance News) - Schroder Income Growth Fund PLC on Wednesday said that valuations in the UK remain supportive despite uncertainty regarding the conflict in Iran, as net asset value grew comfortably in the first financial half. Read More

UPDATE: PM has "full confidence" in Streeting despite leadership talk

13th May 2026 14:15

(Alliance News) - UK Prime Minister Keir Starmer retains "full confidence" in Wes Streeting as Health secretary, even as he looks set to resign in a bid to launch a leadership challenge. Read More

TRADING UPDATES: Avingtrans subsidiary secures CE certification

13th May 2026 13:29

(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

CORRECT: Activist pressures CVS to buy back GBP100 million in shares

13th May 2026 12:51

(Removing reference to Converium calling for a board reshuffle) Read More

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