(Alliance News) - Stock prices in London opened higher on Monday with consolation for markets in the news that many consumer electronics will be exempt from US tariffs. Read More
(Alliance News) - ConvaTec Group PLC on Monday increased guidance for its wound dressing treatment InnovaMatrix after proposed legislative changes in the US were postponed. Read More
(Alliance News) - Ashmore Group PLC on Monday reported a drop in assets under management in its financial third quarter, as institutional redemptions in local currency strategies offset positive investment performance. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it it is at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM from Monday as it hasn't met the six month deadline for this. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage. Read More
Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Chair Ollie Oliveira will retire on April 30 and be succeeded by Vice Chair Mathews Phosa. Chief Executive Officer Leon Coetzer says he is confident Phosa's leadership, deep industry knowledge and experience recognised especially within the African continent will prove "invaluable". Jubilee also says Interim Finance Director Jonathan Morley-Kirk has been confirmed permanently in the position, effective immediately. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says direct investment property portfolio is independently valued at EUR194.0 million at at March 31, reflecting a marginal like-for-like decrease of 0.3%. Says robust industrial portfolio valuations continue to offset declines in other sectors, primarily driven by shortening lease terms. Notes that the EUR11.8 million sale of its grocery asset in Frankfurt will complete this month. Read More
(Alliance News) - The FTSE 100 was called to open higher on Monday, with the US government announcing exemptions to its import tariffs covering a range of consumer electronics. Read More
(Alliance News) - Stocks in London are set to open higher on Monday, despite news that new US tariffs on semiconductors will be announced 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) - UK businesses hit by Donald Trump's tariffs are set to receive extra support as the government announced a new export finance package worth billions of pounds. Read More
(Alliance News) - The UK business secretary has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe blast furnaces. Read More
(Alliance News) - Consumer goods firm Reckitt Benckiser Group PLC's home care brands up for sale could fetch a lower price than hoped, Bloomberg reported on Friday. Read More
Watchstone Group PLC - Former insurance software provider originally called Quindell; now cash shell pursuing litigation claims - Says that following a hearing held in March, it has now been informed of the decision of the Court of Appeal which has dismissed WTGIL's appeal. WTGIL is a subsidiary of Watchstone. WTGIL will consider the judgment with its advisers and counsel and decide on the next steps, if any. Read More
XLMedia PLC - London-based sports digital media company - Plans to return GBP11 million to shareholders via tender offer at 11 pence per share. Following the tender offer, XLMedia does not expect to make any further distributions of capital to shareholders prior to the planned suspension of the shares on AIM, expected on May 14 2025. Read More
Catenai PLC - London-based digital media and technology company - Raises GBP750,000 through the issue of 500 million shares at 0.15 pence per share conditional on approval of shareholder authorities and share capital reorganisation which will be sought at the forthcoming Annual General Meeting. The AGM is expected to occur in early May 2025. In addition, Catenai plans to invest GBP500,000 in Alludium Ltd, a software company which has developed a multi-agent artificial general intelligence platform for AI automation of processes and solutions for productivity. Intends to invest a further GBP450,000 into Alludium subject to receipt of funds from Klarian Ltd per the announcement of April 7 or a further fundraise. While the company intends to progress the second Investment, there is no certainty that it will proceed. Read More