Tharisa PLC - Cyprus-headquartered platinum miner - Secures a new ZAR750.0 million, about USD45.5 million, asset-based revolving finance facility from Nedbank Ltd to help the platinum producer transition to underground mining. Tharisa has the option to increase the facility to ZAR1.25 billion, or USD75.8 million. The new facility ensures that Tharisa's underground fleet is fully funded, it says. Read More
(Alliance News) - The UK's total vehicle output improved in May amid stronger export demand and weaker domestic demand, an industry body reported Thursday. 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) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News: Read More
Satsuma Technology PLC - London-based bitcoin treasury firm formerly known as Tao Alpha - Posts circular to investors concerning a proposed return of capital announced in May. The return was proposed by a group of shareholders and the board has been unable to reach a unanimous recommendation regarding it. Accordingly, the circular contains a recommendation from four of the directors to vote against the resolutions and a recommendation from two dissenting directors to vote for them. Since the board as a whole operates by majority decision, the recommendation is to vote against the resolutions. If approved, Satsuma Technology says it will return to shareholders the proceeds of sale of its bitcoin and cash balances, less deductions of GBP2 million for working capital and transaction and termination costs. The company will not liquidate its bitcoin unless and until the resolutions are approved. In the meantime, shares in the firm have been suspended pending publication of results. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Phoenix Asset Management Partners, a major shareholder in Barratt Redrow PLC, on Wednesday called on the company to materially increase its share buybacks to create value for long-term shareholders. 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) - The FTSE 100 closed higher on Wednesday as gains in property stocks and housebuilders offset a slump in mining stocks as metals prices fell. Read More
(Alliance News) - GSK PLC on Wednesday said it has launched the tender offer for its previously announced acquisition of US-based cancer drug developer Nuvalent Inc for USD10.6 billion. Read More
(Alliance News) - Thor Energy PLC on Wednesday said it signed a letter of award for an onshore 2D seismic acquisition survey. Read More
Marechale Capital PLC - London-based adviser and financing provider serving consumer brands, leisure, clean energy, mineral extraction and technology companies - Announces that it has completed its acquisitions of Stanford Capital Partners, Blubird Global Inc, NJC Capital Management VSA Private Fund Ltd, and NJC Capital Management Ltd. Says it is now developing into a fully integrated digital merchant bank, and providing corporate finance, capital markets and asset management services underpinned by its technology solutions and distribution platform. Marechale proposed the acquisitions earlier this month, saying they would be share-for-share exchanges involving the issue of 75.2 million shares at GBP0.0175 each. It also announced the appointment of Stanford Capital Founder Patrick Claridge as an executive director, with effect from Wednesday. Read More
Watkin Jones PLC - London-based property developer - London-based property consultancy Marick Real Estate appoints Watkin Jones as its construction partner for the redevelopment of 38-40 George Street into Wilde Oxford. Says the new 145-unit "lifestyle aparthotel" will have "welcoming social spaces designed to bring guests, locals and visitors together to meet, work and connect," and a 400 metres squared community space which "will serve as a hub for a wide variety of community activities". Marick signed building contracts with Watkin Jones earlier this month, which it says marks "a significant milestone in the delivery of this landmark project for the Gloucester Green area." Says the project is now in the mobilisation stage. Hoarding will be installed in mid-August, before it expects welfare cabins to arrive and demolition to start in late August. Consequently, the project is "in line with previously forecast timescales." Practical completion, and the project's handover back to Marick, Staycity Group, and Oxford City Council, is forecast for the first quarter of 2029. Read More