(Alliance News) - Stocks in London are set to open sharply higher on Thursday, extending gains from the previous session as investors welcomed the Democrats' victory in the US midterm elections, while awaiting a Bank of England interest rate decision. Read More
(Alliance News) - Supermarket Income REIT PLC said on Thursday that it had raised GBP60 million to fund new acquisitions through an institutional placing via an accelerated bookbuild and a retail offer. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Canadian General Investments Ltd – Toronto-based investment trust founded in 1930, focused on Canadian equities, and managed by Morgan Meighen & Associates – Reports net asset value per share of CAD84.06, around USD60.31, at October 31. Says year-to-date total NAV return is 5.3%, trailing the company's benchmark, the S&P/TSX Composite Index, which returns 14.4%. Over the period, Canadian General's top three investments are Nvidia Corp at 4.8%, Franco-Nevada Corp at 4.6% and Celestica Inc at 4.1%. Its largest sector weightings are industrials at 21%, information technology at 20% and energy at 16%. Read More
(Alliance News) - Burford Capital Ltd on Wednesday reported a return to profit in the third quarter, supported by higher unrealised gains across its litigation finance portfolio, although realised gains declined. Read More
(Alliance News) - Stocks soared in London on Wednesday, along with European and US peers, as investors weighed a decisive win for the Democrats over President Donald Trump's Republicans in the US midterm elections. Read More
(Alliance News) - Glanbia PLC on Wednesday upgraded full-year earnings guidance following a strong third quarter and continued revenue growth. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Chapel Down Group PLC on Wednesday said it plans to raise around GBP6.0 million to fund a new soft pressing facility at the company's Tenterden winery. Read More
(Alliance News) - Braemar PLC on Wednesday backed full-year guidance as it reported sales growth across its three main businesses in the first half of the financial year. Read More
International Public Partnerships Ltd - London-based infrastructure investor - Announces that BeNEX GmbH has been awarded a new concession, which is for Rhein-Ruhr-Express, Teilnetz B, alias RRX-B. The operation of RRX-B will be through a subsidiary of BeNEX and will require a further investment of around EUR26 million from INPP from 2027 to 2031, with the majority of funding required towards the end of the period. "This investment will expand BeNEX's regional rail activities in Germany with a complementary network in the German federal states of North Rhine-Westphalia and Lower Saxony, comprising operations of up to 5.1 million train kilometres per year to be operated over 15 years," INPP says. The acquisition is expected to generate an "attractive" internal rate of return in the low to mid-teens, in excess of that implied by a share buyback. INPP since 2019 fully owns BeNEX, a German regional rail business based in Hamburg. Read More
(Alliance News) - UK Culture Secretary Lisa Nandy on Wednesday formally intervened in Sky UK Ltd's proposed takeover of ITV M&E Holdings Ltd, ITV PLC's media and entertainment arm. Read More
(Alliance News) - The UK's competition watchdog said it has decided to scrap 23 outdated restrictions in a bid to cut red tape for thousands of businesses across different industries. Read More
(Alliance News) - The public will expect the UK government to grab "with both hands" the opportunity to boost economic growth through closer trade ties with the EU, Prime Minister Andy Burnham has said. Read More