LONDON MARKET CLOSE: FTSE 100 ends flat as bank gains offset weak gold
(Alliance News) - Blue chips closed little changed on Tuesday on a generally downbeat day for stocks in London. Read More
(Alliance News) - Blue chips closed little changed on Tuesday on a generally downbeat day for stocks in London. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Announces that the relevant court has on Tuesday sanctioned the scheme of arrangement for its acquisition by Project Aurora Bidco Ltd, a special purpose vehicle indirectly wholly owned by investment funds and vehicles advised or sponsored by Kohlberg Kravis Roberts & Co LP and its affiliates. Spectris said at the end of October that it was in an "advanced stage of preparation for completion" of the takeover. Says on Tuesday that the scheme remains conditional and will take effect upon the court order being delivered to the Registrar of Companies, which Spectris expects to occur on Thursday. Read More
(Correcting Saba quote.) Read More
(Alliance News) - Haydale Graphene Industries PLC on Tuesday announced a hat-trick of good news which it said reflected "accelerating commercial momentum." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Metir PLC on Tuesday said it is trading in line with expectations but that investment in manufacturing growth and product development will prevent full-year profitability. Read More
(Alliance News) - A deal that gives the US zero tariffs on its imports of UK pharmaceuticals in return for the National Health Service raising spending on medicines will cost around GBP1 billion, Downing Street has said. Read More
Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - Chief Financial Officer Sarah Mace intends to step down from the board at the time of the company's annual general meeting in May next year. She has been CFO since October 2020. Names Matthew Cohen as Mace's successor, who will assume the CFO role and be appointed to the board by the end of the first half of next year. Cohen is currently CFO at Intact Insurance SA, a non-regulated life insurance company. The company says Mace will support the business through its financial results in March, and will remain available to the business post her departure "to facilitate a smooth transition". Read More
(Alliance News) - Temple Bar Investment Trust PLC on Tuesday announced a change in board leadership, with Director & Chair Richard Wyatt retiring and being succeeded by Charles Cade. Read More
MP Evans Group PLC - Tunbridge Wells, England-based producer of Indonesian crude palm oil - says operations at the Simpang Kiri estate in Aceh have been temporarily disrupted following significant flooding in Sumatra, Indonesia. With flood waters now subsided, normal operations will resume in the coming weeks, the company says. MP Evans says the flooding will not have a material impact on crop and production for the year. Read More
(Alliance News) - Baillie Gifford US Growth Trust PLC and Edinburgh Worldwide Investment Trust PLC on Tuesday outlined a proposed merger, but the tie-up was derailed by activist investor Saba Capital Management LP. Read More
(Alliance News) - Augmentum Fintech PLC on Tuesday said it is confident that its portfolio will continue growing in value, but is still considering how best to resolve the "substantial discount" between its shares and net asset value. Read More
(Alliance News) - Michelmersh Brick Holdings PLC on Tuesday said it continues to see positive order intake levels despite seeing a notable slowdown in the construction market since September. Read More
(Alliance News) - Falcon Oil & Gas Ltd on Thursday said it had remained loss-making in the year to date, ahead of a planned takeover by Australian peer Tamboran Resources Corp. Read More
(Alliance News) - Atome PLC on Tuesday said it is working "24/7" with financing partners to hit targets relating to its flagship Villeta project in Paraguay. Read More