(Alliance News) - Speculation over the upcoming budget is partly to blame for weaker-than-expected economic growth figures as worries over tax hikes hit business and consumer spending, the former top economist at the Bank of England has warned. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Proposes GBP600 million return to shareholders, following the sale of its Healthcare arm. The return will come in the form of a tender offer for shares. DCC will buy back just under 12.0 million shares, some 12% of its total. The price will be set as part of the tender offer within a range of GBP50.20 to GBP53.20 per share. "DCC has concluded that a tender offer represents the most effective means of returning a significant amount of capital to shareholders in a short space of time and in a manner that provides shareholders with a suitable degree of optionality as to the number and value of shares that they may elect to offer for purchase," it says. Read More
(Alliance News) - WPP PLC has attracted takeover interest after a steep slide in its market value left the advertising group on the brink of ejection from the FTSE 100, the Sunday Times reported. Read More
(Alliance News) - THG PLC on Monday announced a partnership agreement with Mars Inc to bolster presence of THG's Myprotein in both offline retail and licensing. Read More
(Alliance News) - Puma VCT 13 PLC and Puma Alpha VCT on Friday reported decreases in interim net asset value and pretax losses, which the two companies attribute to an uncertain economic and political environment. Read More
(Alliance News) - European stocks barely budged in early dealings on Monday, with trade lacking impetus as investors look ahead to the end of a data blackout in the US. Read More
(Alliance News) - HICL Infrastructure PLC on Monday said it has agreed a combination with Renewables Infrastructure Group Ltd, creating an investment firm with net assets above GBP5.3 billion, putting it on course for possible entry to the FTSE 100. Read More
(Alliance News) - DCC announces plans for a tender offer to return GBP600 million to shareholders, while investors HICL Infrastructure and Renewables Infrastructure Group have agreed to join forces. Elsewhere, THG announced a Snickers-themed partnership with confectionery firm Mars. Read More
(Alliance News) - Polarean Imaging PLC on Friday proposed cancelling the admission of its shares to AIM and re-registering as a private limited company, saying the move would improve access to capital as it seeks about USD20 million in new funding. Read More
(Alliance News) - Stocks in London are set to open slightly lower on Monday, before the release of UK data later this week, and the end of a US data blackout after the government shutdown ended. 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) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Crystal Amber Fund Ltd on Wednesday said it would hold off on its realisation of Morphic Medical Inc until the firm's Reset device has received US approval. Read More
(Alliance News) - RC Fornax PLC on Friday said it plans to conduct an equity fundraising for GBP2.8 million split across a placing and retail offer. Read More