(Alliance News) - Britain does not have to "accept" grim economic forecasts, Rachel Reeves has insisted despite reports she faces a barrage of fiscal bad news ahead of next month's Budget. Read More
(Alliance News) - The FTSE 100 recorded another record high on Tuesday boosted by HSBC, while Wall Street made further gains ahead of key tech earnings and central bank meetings. Read More
(Alliance News) - Gunsynd PLC on Tuesday said initial assay results from its Barb project in Manitoba Canada confirm the existence of "high-grade gold". Read More
(Alliance News) - 80 Mile PLC on Tuesday said it will take sole ownership of Hydrogen Valley Ltd, alongside signing three feedstock deals. Read More
Amaroq Ltd - Toronto-based mining company with gold and strategic mineral assets in Greenland - Announces initial results from 2025 field exploration programme on multiple satellite gold projects in South Greenland. In the Nanortalik gold belt, finds a new high-grade gold discovery at Vagar of up to 28.6 grammes of gold per tonne over a 2 kilometre ridge at Qoorormiut North Ridge. Further, at Anoritooq, it discovered a gold-copper system 50 kilometres north of Nalunaq, with results of up to 38.7 grammes of gold per tonne and 1.98% copper, confirming a high-grade gold-copper zone for follow-up. The exploration programme involved over 540 surface samples across 11 licences, the company says. Read More
Genedrive PLC - Manchester-based point-of-care pharmacogenetic testing company - Announces that its exclusive distribution partner in Saudi Arabia, iDeal iDea for Medical Equipment Technology, has signed a memorandum of understanding with Saudi Arabia's Ministry of Health. The MoU scope is to pilot Genedrive's MT-RNR1 ID Kit for potential national implementation under an initiative called "Generations Hear." Genedrive Chief Executive Officer Gino Miele says: "We are delighted with the signing of this MOU, which builds further on our commercial traction in Saudi Arabia and aligns perfectly to the long-term Saudi health goals. We are grateful to our valued partners at iDeal iDea for their support and look forward to progressing through pilot phase with the goal of implementation at national level." Read More
(Alliance News) -Pensana PLC on Tuesday said it is in advanced engagement with the Export-Import Bank of the United States for up to USD160 million in debt funding. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and in the past week and not separately reported by Alliance News: Read More
React Group PLC - Birmingham, England-based provider of cleaning and soft facilities management services - Expects revenue of GBP25.0 million for the financial ended September, up 21% from GBP20.7 million the year prior and gross profit of GBP8.0 million, up 40% from GBP5.7 million a year ago. Projects adjusted earnings before interest, tax, depreciation and amortisation of at least GBP3.0 million, up 25% from GBP2.4 million last time. React notes these results are ahead of prior market expectations for revenue and adjusted Ebitda of GBP24.50 million and GBP2.75 million respectively. Sales are driven by continued momentum across core service lines and the contribution from the acquisition of 24 hour Aquaflow, while profit reflects improved operational efficiency and a diversified service mix, React says. Read More
Petrofac Ltd - London-based energy infrastructure company and contractor - Says that following the appointment of administrators, its shares on the equity shares segment and Main Market of the London Stock Exchange have been cancelled as of the market open on Tuesday. The company's shares have been suspended from trading since May, owing to the delayed release of its 2024 results. Petrofac adds that operations continue to trade as normal, "while options for alternative restructuring and M&A solutions are being actively explored with its key creditors." On Monday, the company said it applied to the High Court of England & Wales for the appointment of administrators. Read More
(Alliance News) - KR1 PLC on Tuesday announced its intention to migrate its listing to the London Stock Exchange's Main Market. Read More
(Alliance News) - The UK Competition & Markets Authority on Tuesday said it has launched a merger inquiry into Fidelity National Information Services Inc's planned acquisition of Total System Services LLC. Read More