LONDON BROKER RATINGS: Whitbread raised; Segro, Oxford BioMedica cut
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Synectics PLC on Tuesday said reduced first-half performance was as expected, as it continued to implement its transformation strategy aimed at driving growth from financial 2027. Read More
Seraphim Space Investment Trust PLC - London-based investor in 'SpaceTech' companies, such as space-based mobile phone connectivity - Seraphim deploys USD30 million from its recent GBP137 million C share equity raise into a new portfolio company. Hubble Network Inc is an existing portfolio holding of Seraphim Space Venture Fund II, Seraphim's early-stage venture fund. Hubble is building a satellite-powered Bluetooth network. This will allow existing Bluetooth-enabled devices with standard off-the-shelf Bluetooth low energy chips to connect directly to space without cell towers, gateways or custom hardware. The new technology will open up opportunities across asset tracking, logistics, supply chain management, and industrial monitoring, Seraphim says. Read More
(Alliance News) - Smith & Nephew PLC and Imperial College London on Tuesday announced the launch of a centre to accelerate innovation in surgical robotics. Read More
RHI Magnesita NV - Vienna-based refractory products maker - Promotes Chief Customer Officer Gustavo Franco to chief executive officer, starting November 1. Franco will replace Stefan Borga, who will step down as CEO and executive director at the end of October after 10 years in post. Franco joined Magnesita in 2001, holding technical and commercial roles and helping to lead its merger with RHI in 2027. Read More
(Alliance News) - Made Tech Group PLC on Tuesday said it expects to report revenue and adjusted earnings ahead of market expectations after landing the "largest contract award in the company's history". Read More
(Alliance News) - Stock prices in London opened slightly higher on Tuesday, but trade was cautious as Middle East sabre-rattling continues, while sterling faded after a weaker UK unemployment reading. Read More
HgCapital Trust PLC - London-based investment trust that provides access to private equity investments of manager Hg - Invests GBP20 million into Nourish Care Systems Ltd, a Bournemouth, England-based software provider to the UK social and community care sector. HgCapital Trust says the investment will be made alongside other institutional clients of Hg through the Hg Mercury Fund. Terms of the Hg investment into Nourish are not disclosed. The deal is expected to be completed by the end of August. Hg says Nourish Care will continue to be led by Founder & Chief Executive Officer Nuno Almeida, who also remains a significant shareholder. Private equity firm Livingbridge EP LLP, an earlier backer, will retain a minority stake, Hg says. Read More
(Alliance News) - Frasers Group PLC on Tuesday increased its shareholding in Hugo Boss AG to nearly 48%, falling just short of taking full control of the German fashion house. Read More
(Alliance News) - Kainos Group PLC on Tuesday raised its revenue and earnings guidance, as it said sales momentum from financial 2026 has continued into the new financial year. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Completes the tenth drill hole KBDD10 in the newly identified area south of the unmined 'speaks' and 'mine club' zones at the Kabwe zinc mine in Zambia. KBDD10 represents the second of three exploratory drill holes, targeting this new ore body. Shuka conducted the drilling in late May. Says exploration holes continue to provide "encouraging and valuable" new insight into the broader Kabwe orebody, suggesting it is also materially larger than was first modelled, Shuka Chief Executive Officer Richard Lloyd says. Says copper grades are detected, confirming the historically reported copper mineralisation. Read More
(Alliance News) - UK grocery price inflation in recent weeks decelerated notably, as Lidl once again overtook Morrisons in market share, numbers on Tuesday showed. Read More
(Alliance News) - Kainos says a strong start to the year continues, Frasers says it has strengthened its holding in Hugo Boss but is shy of a majority while Made Tech reports its largest ever deal win. Read More
(Alliance News) - The UK unemployment rate was steady at the end of the second quarter, underperforming expectations of a decrease, but a measure of pay growth was hotter than forecast. Read More
Ajax Resources PLC - natural resources sector investor focused on South America - Moves ahead with the acquisition of a copper project in Chile, while cancelling its option to buy a company prospecting in Italy. Both potential acquisitions were announced earlier this year. In January, Ajax had said it signed an exclusivity agreement to buy a 74.8% interest in the Paguanta project in Chile from Sydney-listed Asara Resources Ltd. On Monday, Ajax says it now has signed a share purchase agreement for Paguanta. Ajax will pay Asara USD50,000 in cash, plus USD350,000 in Ajax shares issued at 25 pence each, well above its current market price of 5.75p. Deferred consideration is two milestone payments of USD500,000 upon reserve statements for zinc and copper. Paguanta is a silver-zinc-lead project in the Tarapaca region of northern Chile, which Ajax says has significant unexplored copper potential. Read More