(Alliance News) - Persimmon reports higher annual profit and completions, Shell agrees to sell its US Jiffy Lube business for USD1.3 billion, and Edinburgh Worldwide Investment Trust proposes a tender offer for up to 100% of its share capital as it seeks to end a prolonged dispute with activist investor Saba Capital. Read More
(Alliance News) - Stocks in London are set to open higher on Tuesday, as oil prices retreat and global equities rebound after US President Donald Trump suggested the war with Iran could end soon. Read More
(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More
(Alliance News) - Marula Mining PLC on Monday provided updates on several funding deals and announced a copper concentrate purchase and sale agreement, as it works to publish its 2024 financial report. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Phoenix Copper Ltd - US-focused base and precious metals producer and explorer - Dismisses Executive Chair Marcus Edwards-Jones and Chief Financial Officer Richard Wilkins after concluding an investigation. This confirmed that certain historic payments, paid in respect of previous fundraising transactions, totalling around USD1.7 million were made between 2016 and 2025 to Lloyd Edwards-Jones SAS, the company's former corporate finance adviser and a company of which Edwards-Jones is an owner and director. The payments were made by Wilkins to Lloyd Edwards-Jones SAS without board knowledge or approval and Wilkins shared in the proceeds of these payments. Phoenix Copper says the payments constituted related party transactions pursuant to AIM Rule 13 and should have been previously disclosed. Phoenix says it is seeking to recoup the financial loss suffered as a result of the payments. Edwards-Jones and Wilkins have indicated their willingness to work with the company in this respect. In addition, the investigation uncovered unauthorised payments, totalling GBP610,000, some of which were made without board knowledge or approval to an intermediary in connection with bond financing, while certain other payments were made expressly against the direction of the board. Phoenix is seeking to recoup these unauthorised payments as well. Catherine Evans, independent non-executive director and chair of the audit committee, has been appointed interim non-executive chair with immediate effect. Read More
(Alliance News) - Tullow Oil PLC on Monday said it has received another chunk of cash under an agreement announced last year, and said if oil prices stay elevated, pre-financing cash flow guidance would "double". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Baker Steel Resources Trust Ltd - investor in mining companies - Net asset value per share rises 15% to 174.3 pence at February 27 from 152.2p at January 30. NAV rises to GBP185.0 million from GBP162.0 million. Attributes growth to increases in share prices of quoted companies in the portfolio, particularly Tungsten West which rose 69% during the month. Notes that recent events in the Middle East have created new uncertainty but says it not aware of any meaningful negative impact on its portfolio companies. Read More
(Alliance News) - Stock prices in London closed lower on Monday, but the FTSE 100 steadily pared earlier losses throughout the day as investors mulled the impact of the ongoing war in the Middle East on inflation and interest rates. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Alien Metals Ltd - London-based mining firm focused on Australia - Says joint venture partner GreenTech Metals Ltd completes phase 1 drill programme at Munni Munni platinum, palladium copper and nickel project in the West Pilbara region of Western Australia. Read More