(Alliance News) - Stock prices in London opened slightly higher on Friday, with mining stocks supporting the FTSE 100 as metal prices strengthened, while investors kept a close watch on developments in the Middle East. Read More
JD Sports Fashion PLC - Lancashire, England-based sports and outdoor wear retailer - JD picks former IKEA chief executive Peter Agnefjall as its next board chair, starting September 1. Darren Shapland, who has served as interim chair since the company's annual general meeting in July, will revert to non-executive director. Shapland had filled the gap left by the departure of Andrew Higginson after the AGM. Read More
(Alliance News) - UK house price growth slows to its weakest pace since late 2023 in July, according to Lloyds, while JD Sports Fashion appoints former IKEA chief executive Peter Agnefjall as chair. Goodwin confirms it is reviewing strategic options, including a potential sale of a substantial part of its Mechanical Engineering division. Read More
(Alliance News) - Schroder European Real Estate Investment Trust PLC said on Friday it will seek shareholder approval for its proposed plan to wind down the business. Read More
(Alliance News) - UK house prices were flat in July, with annual growth slowing to its weakest pace since late 2023 as affordability pressures and higher mortgage rates continued to weigh on the market. Read More
(Alliance News) - Stocks in London are set to open marginally lower on Friday as investors assess fresh US trade measures, firmer oil prices and will closely watch the US jobs report later in the day. 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
Tesco PLC - Welwyn Garden City, England-based grocer - Chief Communications & Sustainability Officer Christine Heffernan sells 317,000 shares at 481.7 pence for GBP1.5 million in total, on Wednesday in London. Read More
Time Out Group PLC - London-based global media and hospitality business - Secures a "landmark location" at London's Piccadilly Circus, through a deal with the owning Crown Estate, for its first UK market. Expects the new venue on Regent Street to open in summer of 2028, saying it "will overlook the iconic Piccadilly Circus in the heart of London's West End." Notes that Regent Street's annual footfall totals approximately 74 million, making the area "an exceptional setting for the global flagship of the Time Out Market portfolio." Says the market will occupy over 26,000 square feet with approximately 15 restaurants, bars and food businesses, with the venue also hosting "live entertainment and cultural experiences". Notes that it has 13 operational markets worldwide with over 12 million visitors annually, while its Media business "reaches approximately 280 million people every month". Adds that it has five additional markets currently in development. Read More
Devolver Digital Inc - Austin, Texas-based video game publisher - Announces the proposed cancellation of its shares from trading on AIM. Also proposes a capital return of up to USD5.0 million in cash to shareholders and holders of depository interests through a tender offer. Intends to seek approval at a general meeting on September 8. Under the tender offer, Devolver will repurchase up to 23.3 million shares or approximately 4.71% of its current issued and outstanding share capital at 16 pence per share. This is equal to its closing price on Wednesday, Devolver notes. Read More
Devolver Digital Inc - Austin, Texas-based video game publisher - Announces the proposed cancellation of its shares from trading on AIM. Also proposes a capital return of up to USD5.0 million in cash to shareholders and holders of depository interests through a tender offer. Intends to seek approval at a general meeting on September 8. Under the tender offer, Devolver will repurchase up to 23.3 million shares or approximately 4.71% of its current issued and outstanding share capital at 16 pence per share. This is equal to its closing price on Wednesday, Devolver notes. Read More
Wellnex Life Ltd - Melbourne-based consumer healthcare products company - Enters formal binding agreement to sell 'Pain Away' business and assets to Mentholatum Australasia Pty Ltd, for up to AUD21.3 million in cash. Mentholatum's parent firm is Japanese FMCG and pharmaceutical company Rohto Pharmaceutical Co Ltd. Consideration consists of AUD19.8 million payable upon completion, followed by an up to AUD1.5 million earn-out subject to threshold and target normalised earnings before interest, tax, depreciation and amortisation performance of the business in the year following completion. Wellnex intends to use the proceeds to retire all of its borrowings totalling around AUD10.2 million, with leftover funds going towards working capital and potentially other growth initiatives, as well as a potential capital return to shareholders. Wellnex will convene a general meeting seeking shareholder approval on September 8, aiming to complete the sale "shortly" afterwards. Expects the proceeds to leave it debt-free upon completion. Read More
(Alliance News) - Serica Energy PLC on Thursday said it is well-positioned to deliver its growth plans, as it reported sharp rises in profit and revenue following its purchase of North Sea exploration blocks from TotalEnergies SE in March. Read More
(Alliance News) - The FTSE 100 fell on Thursday despite well-received earnings, but mid-caps extended their recent gains, lifted by advances by WPP and easyJet. Read More
(Alliance News) - Avation PLC on Thursday said Tony Romano had been appointed chief commercial officer. Read More