(Alliance News) - The body which operates Britain's electricity network has made another industry call for more power generation as the week's heatwave rages on. Read More
Barratt Redrow PLC - Leicestershire, England-based house builder - Confirms that Dean Banks will join Barratt as its new chief executive on September 21. Barratt had announced Banks's hiring back in March but at the time said only he would start in the fourth quarter. Banks joins from Ventia Pty Ltd, a Sydney-based and listed provider of infrastructure services in Australia and New Zealand where he has been chief executive since 2021. Prior to Ventia, Banks worked for construction firm Balfour Beatty PLC and security documents printer De La Rue PLC, and he now will return to the UK. Read More
(Alliance News) - BP PLC on Thursday said it has signed a technical services contract with India's Oil & Natural Gas Corp Ltd to help enhance production from fields in the country's Western Offshore Basin. Read More
(Alliance News) - The FTSE 100 was called lower on Friday, as tensions continue in the Middle East, while BP has announced a new technical services contract over a "prolific" hydrocarbon basin in India. Read More
(Alliance News) - British American Tobacco PLC on Friday launched another share buyback in a sign of commitment to enhance shareholder value. Read More
(Alliance News) - Stocks in London are set to open lower on Friday, amid a mixed picture in the Middle East as talks between Lebanon and Israel were extended, but Iran reportedly attacked a ship in the Strait of Hormuz. Read More
(Corrects that Heavitree recorded a pretax profit in both periods.) Read More
(Alliance News) - UK's King Charles III has paid more than GBP30 million in personal taxes since becoming monarch in September 2022, Buckingham Palace announced Thursday, in the first such disclosure by a reigning British sovereign. Read More
(Alliance News) - BHP Group Ltd on Friday announced changes to its senior leadership team as the company moves to strengthen operational performance and regional oversight across its global portfolio. Read More
Cirata PLC - Sheffield, England-based software-solutions provider - Plans to raise GBP4.6 million via a placing of shares to new and existing institutional and other investors, and a subscription, at 15 pence per share. Cirata will also undertake a retail offer to raise a further GBP380,000. The placing will be conducted by way of an accelerated bookbuild process. Stifel and Panmure Liberum are acting as joint bookrunners in relation to the placing. Proceeds will be used for balance sheet stability, pipeline conversion and investment in Cirata Symphony. Read More
Defence Holdings PLC - London-based defence technology group - Plans to raise up to GBP4 million via a placing to institutional and other investors at 1 pence per share. Is also a broker option to raise up to a further GBP1 million at the same price. The placing is to be conducted by way of an accelerated bookbuild process. Proceeds will be used to fund working capital as well as enable it to undertake strategic partnerships within the defence space. "The funding will be used to further the execution of the recently announced Operating Model and Strategic Playbook which includes the delivery of new contract wins and to invest in strategic joint ventures and partnerships focused on providing innovative solutions to our customers. We believe we are close to announcing at least one new contract win in the near future, evidencing our in-roads as an active operator within the Defence community," says Chief Executive Andrew Roughan. Read More
Iberdrola SA - Bilbao, Spain-based electric utility company and BP PLC - London-based oil major - Receive approval from the Spanish Ministry for the Ecological Transition and the Demographic Challenge for the reallocation to Castellon of up to EUR211 million in funding from EU's IPCEI Hy2USE programme. "This will enable both companies to explore new opportunities to increase green hydrogen production at bp's refinery in Castellon," Iberdrola says. The joint programme is receiving an additional EUR15 million in funding from the NextGenerationEU fund, and is expected to begin green hydrogen production before the end of 2026. The project is set to become Spain's largest green hydrogen plant. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 made strong progress on Thursday amid an improving outlook for inflation following this week's drop in oil prices and as the Dow Jones reached a new record best. Read More
(Alliance News) - ICG Enterprise Trust PLC on Thursday raised its dividend and reported a net asset value total return of 0.1% for the first quarter of the financial year. Read More