Richmond Hill Resources PLC - London-based holding company focused on copper exploration in Canada - Completes its field reconnaissance and rock sampling programme across the Martello Gold Project in Ontario. Programme covered the Sakoose, Maw and Church Lake exploration targets. Says it identified evidence that multiple quartz vein systems may be present at Sakoose, which supports further refinement of the Richmond Hill's geological model. The target's historically mined quartz vein varies from approximately 15 centimetres to 2 metres in thickness, with additional quartz veinlets and widespread hydrothermal alteration identified. Company also says that reconnaissance at Maw found "numerous quartz veins and veinlets" and an excavation "believed to represent the principal historical working". Meanwhile, at Church Lake, "fieldwork identified additional quartz vein occurrences, historical workings and multiple structural trends." Richmond Hill expects sample assay results in the current quarter. Read More
(Alliance News) - Aquila European Renewables PLC on Monday said it will hold investment adviser Aquila Capital Investmentgesellschaft mbH accountable, after reporting that investment asset Olhava is again in breach of debt covenants. Read More
(Alliance News) - Potter & Moore PLC on Monday reported lower earnings for the full financial year, but raised its dividend. Read More
(Alliance News) - Bridgepoint Group PLC on Monday said it has taken a majority stake in Danish drone and defence technology firm UMag Solutions ApS. Read More
(Alliance News) - De Beers announced Monday it will pause production at South Africa's largest diamond mine for two years to reduce costs while trading conditions remained tough. Read More
(Alliance News) - Pennant International Group PLC on Monday said it expects to report higher revenue for the first half of the year after "a number of strategic contract wins". Read More
(Alliance News) - Nichols PLC on Monday announced the launch of a new protein water range, part of a multi-year brand licence agreement with Manchester, England-based online retailer of sports nutrition and beauty products, THG PLC. Read More
(Alliance News) - Heathrow airport on Monday reported an annual decline in passenger traffic in June, as a World Cup boost to travel to North America was more than offset by a drop in flyers to the war-torn Middle East. Read More
(Alliance News) - Stock prices in London were lower at midday on Monday, with weakness in technology and financial shares offsetting gains in telecoms stocks, while investors kept a close eye on the latest escalation in the Middle East. Read More
(Alliance News) - British American Tobacco PLC is being sued by investors over allegations it failed to inform the stock market about its operations in North Korea, The Times reported Sunday. Read More
(Alliance News) - Henry Boot PLC on Monday said its property investment and development arm has secured forward funding for the first phase of the Golden Valley mixed-use development. Read More
Derwent London PLC - owns real estate portfolio in central London worth GBP5 billion - Signs up to a GBP100 million unsecured revolving credit facility with the UK arm of Sweden's Handelsbanken. The new RCF has a five-year term with two one-year extension options. It also has a GBP50 million accordion option. Derwent London doesn't provide the interest rate of the RCF but says its margin over a benchmark and financial covenants are in line with the company's other bank facilities. Read More
Rathbones Group PLC - London-based investment and wealth manager - Ends share buyback after buying 939,315 shares at an average price of GBP16.22 per share for GBP15.2 million in total. When launching the buyback in June, Rathbones set GBP20 million as the maximum amount. However, Rathbones on Monday says the buyback has been concluded because the shareholding of Investec PLC and Ltd has reached the level agreed when Rathbones bought Investec's UK wealth business in 2023 in an all-share deal. This is a 29.90% voting interest and 41.25% economic interest. Rathbones now has 90.5 million shares for a GBP1.50 billion market capitalisation. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More