(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) - GSK PLC on Thursday announced that its subsidiary Tesaro has filed a lawsuit against AnaptysBio Inc, alleging material breach of their license agreement. Read More
(Alliance News) - UK consumer confidence has fallen across all measures as the public braces for difficult news in next week's government budget, figures show. Read More
Inspecs Group PLC - Bath, England-based producer of eyewear solutions, including eyewear frames, low-vision aids, and lenses - Provides a trading update for the 10 months ended October. Says trading improved in October after being "slightly behind plan" in the first two months of the second half of the year. Notes Tura recorded stronger than expected sales and order books at the end of October are 10% up on prior year. However, ongoing US tariff disruption and continuing weak macroeconomic environment are expected to impact the timing of product shipments, in particular from Killine. As a result Inspecs now expects to report revenue of GBP191 million and underlying earnings before interest, tax, depreciation and amortisation of GBP17.7 million in 2025. In 2024, Inspecs reports revenue of GBP198.3 million and underlying Ebitda of GBP17.6 million. Read More
(Alliance News) - The FTSE 100 snapped a five-day losing streak on Thursday, although gains were pared after mixed US jobs data pointed to interest rates staying on hold across the pond. Read More
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 278,258 shares in Ninety One PLC at an average 209.31 pence, worth GBP581,898, on Tuesday and Wednsday. Forty Two Point Two is the wholly owned by the Marathon Trust. Chief Executive Hendrik du Toit and Finance Director Kim McFarland are associated with the trust. Ninety One Assurance Ltd directors Johan Schreuder and Malcolm Gray, and Ninety One Guernsey Ltd director Adam Fletcher are also associates of the trust. Read More
(Corrects the name and coding of the company which issued the release to Gresham House Energy Storage Fund PLC, not Gore Street Energy Storage Fund PLC as was previously reported.) Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Gore Street Energy Storage Fund PLC - invests in utility-scale battery energy storage systems - Net asset value is 115.68 pence per share on September 30 - the end of the third quarter - up 7.4% from 107.71p on June 30. Total NAV is GBP658.3 million. The fund says the biggest boost to NAV is from increased cashflows from new augmentations and the lowering of discount rate premiums on projects moved to commissioning from construction. Debt is GP210 million on September 30, while cash on hand was GBP78 million, giving a net debt to NAV ratio of 20%. Gore Street Energy Storage Fund also says it has agreed to buy a 100 megawatt battery project in Elland, West Yorkshire. The new project is adjacent to the company's operational Elland 1 site, allowing for efficiencies between the two sites. It doesn't provide the purchase price. Read More
(Alliance News) - MHA PLC on Thursday said it is "confident" it will deliver full-year results in line with expectations as it reported its first interim results since admission to trading on London's AIM market. Read More
PPHE Hotel Group Ltd - Guernsey-registered operator of Park Plaza and art'otel hotels - Refinances GBP95.8 million debt facility from Aareal Bank AG for the Park Plaza London Riverbank hotel. The term is extended to June 2030 from June 2026. The interest rate remains fixed at 3.248% until the original maturity date in 2026. Thereafter, 85% of the loan will have a 5.72% fixed interest rate, while the remainder will have a "competitive" floating interest rate. Read More
IP Group PLC - London-based intellectual property commercialisation firm - Completes GBP20 million extension of GBP75 million share buyback programme on Tuesday. In total, IP Group buys back 158.0 million shares at average 47.5 pence. All the repurchased shares will be cancelled, leaving IP Group with 883.4 million in total. Read More