Hansa total return surges despite volatile market backdrop
(Alliance News) - Hansa Investment Co Ltd on Wednesday reported an increased net asset value after "the third year in a row of robust returns". Read More
(Alliance News) - Hansa Investment Co Ltd on Wednesday reported an increased net asset value after "the third year in a row of robust returns". Read More
(Alliance News) - Next 15 Group PLC on Wednesday issued an optimistic trading update, saying it "continues to see good growth" from its 'Track 1' businesses. 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) - Stock prices in London were sharply lower at midday on Wednesday after Trump's comments about the US/Iran ceasefire being 'over' sent oil prices surging, dragged airline stocks lower and prompted investors to dial back risk exposure. Read More
(Alliance News) - Capita PLC subsidiary Smart DCC Ltd has agreed to pay GBP200,000 in redress, after regulator Ofgem concluded its investigation into five contracts awarded between 2021 and 2024. Read More
Pulsar Helium Inc - helium projects in the US and Greenland - Raises USD25.5 million from an equity offer, funds from which Pulsar says it will use to accelerate its Topaz project in the US state of Minnesota into production. After the London market close on Tuesday, Pulsar had announced plans to raise USD20.0 million from a share placing with institutional investors and direct subscription. It also hoped to raise up to USD1.5 million from a separate offer to retail investors. The new shares were priced at 75 pence each. The placing run by Canaccord Genuity Ltd received "strong investor demand", Pulsar says, and was increased to USD25 million. The retail offer raised a further USD500,000. A total of 25.4 million new shares will be issued, representing 13.5% of the company's total prior to the raise. Read More
Aviva PLC - London-based insurer - Completes on Tuesday the GBP350 million share buyback programme it started in March. Aviva says it bought back 56.7 million shares at average price of 617.05 pence per share. Read More
Young & Co's Brewery PLC - London-based pub operator - Launches a new share buyback programme worth up to GBP10 million in total, which will end no later than September 30, 2027 or the last business day prior to its 2027 annual general meeting, whichever is earlier. This follows the conclusion on Monday of Young & Co's previous up to GBP10 million buyback, which it launched in November. Young & Co's reported on Tuesday that it had repurchased 1.5 million shares for GBP9.4 million. Read More
(Alliance News) - Dublin-based low-cost airline Ryanair Holdings PLC suffered a legal defeat before the EU's General Court on Tuesday, which ruled that Italian state aid to struggling airlines during the coronavirus pandemic was in line with EU law. Read More
(Alliance News) - Tesco PLC is exploring a sale of its central and eastern European operations, the Financial Times reported on Wednesday. Read More
Legal & General Group PLC - London-based insurer and asset manager - Tender offer for up to GBP500.0 million in dollar and sterling bonds receives USD519.7 million in acceptances for the dollar bonds and GBP409.2 million for the sterling bonds. As a result of tenders being more than the maximum, L&G will apply scaling factors of 35% to 77% and accept USD401.3 million in tenders for the dollar bonds and a total of GBP200.0 million in tenders for the sterling bonds, both as planned. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Wednesday. Read More