(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
(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
(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
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
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
(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
(Correcting the day of Rosebank's announcement) Read More
(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
(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
(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
(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
(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
(Removing reference to Converium calling for a board reshuffle) Read More
(Alliance News) - Wes Streeting met Keir Starmer for crunch talks that lasted less than 20 minutes this morning amid claims the UK Health secretary is poised to resign and trigger a leadership contest. Read More
(Alliance News) - Stock prices in London were little changed by midday Wednesday, having pared earlier gains as political drama in Westminster unsettled sentiment. Read More