(Alliance News) - Kore Potash PLC said on Monday it still expects to wrap up the engineering, procurement and construction contract during the second quarter of this year. Read More
(Alliance News) - Stocks in London are set to open higher on Monday, following strong gains from US tech shares on Friday and a solid start to the week for Asian equities. Read More
(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More
(Alliance News) - The average price paid for comprehensive motor insurance was around a third, 33%, or GBP157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British Insurers. Read More
(Alliance News) - Vacancies in the UK jobs market have fallen for the fifth month in a row, sparking a warning that jobseekers face a "turbulent" year looking for work. Read More
(Alliance News) - The UK water regulator is working on rescue plans for Thames Water that could see its operations dismantled and sold off as piecemeal to rival suppliers, according to the Telegraph on Read More
Dalata Hotel Group PLC - Dublin-based hotel chain - Issues trading statement on Thursday. Says 2024 has commenced with a good performance for its UK portfolio. Also continues to see healthy levels of corporate demand across all regions. Notes lower levels of trade in Ireland. Explains the timing and nature of events compared to 2023, in addition to the increased value added tax rate from September 2023 has had an impact during the first four months. Says revenue per available room for the group is expected to be 4% behind 2023 for the period of January to April on a ‘like for like’ basis. Remains optimistic in outlook for the remainder of the year where trade typically is driven by stronger seasonal factors, supported by a strong events calendar, flight schedules and forward bookings for May and June. Also looks forward to the greater contribution from the ten hotels added to the portfolio since 2022 as they mature and the additional contribution from the four new hotels opening this year. Read More
Renewi PLC - Milton Keynes, England-based company which turns waste into recycled products - On Thursday, issues trading update. Expects financial 2024 results in line with current market expectations. Highlights a strong performance in three out of four divisions coupled with cost actions across the group, amid a challenging operating environment for Commercial Waste Netherlands. Notes recyclate prices were largely stable through the second half. Overall, sees full-year revenue slightly lower year-on-year, as expected, reflecting the mixed market backdrop and lower recyclate pricing. But says the benefits of ongoing cost reduction, digitisation, execution of strategic initiatives and strong momentum in several businesses is expected to result in an improved underlying earnings before interest and tax margin performance in the second half. Read More
Starwood European Real Estate Finance Ltd - investor which manages senior and mezzanine real estate debt in the UK and Europe - On Thursday, reports first quarter dividend of 1.375 pence, in line with annual 5.5p target. Says net asset value at March 31 totals 104.45p. No comparison given. Notes GBP37.9 million realised during the period, over 14% of the group’s December 31 2023 total funded loan portfolio. "We are on track to meet our aim of paying out a 5.5 pence per share dividend for 2024. We also expect to make further realisations in the coming months and look forward to updating shareholders on these realisations in due course," company says. Read More
Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas company - Reports a pretax loss of USD3.3 million for 2023, narrowed from USD4.0 million a year prior. Generates no revenue in the year, unchanged from 2022. Losses per share were 0.3 cents, narrowed from 0.4 cents per share. As at December 31, company has USD8.0 million in cash, more than halved from USD16.8 million at the end of 2022. Read More
REA Holdings PLC - London-based company engaged in oil palm cultivation in Indonesia, as well as in producing crude palm and palm kernel oil - On Thursday, says revenue in 2023 falls to USD176.7 million from USD208.8 million. Cost of sales also falls to USD142.4 million from USD147.8 million. Swings to pretax loss of USD29.2 million from profit of USD42.0 million. Basic loss per share totals 32.7 US cents compared to EPS of 43.1c. Explains loss follows losses on disposals of subsidiaries and similar charges of USD26.0 million. Says CPO prices are firm and are expected to remain at remunerative levels as limited availability of land and increasing regulatory restrictions constrain expansion of oil palm hectarage. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - World Chess PLC on Friday said it saw its annual loss widen on higher costs, and also reported a drop in revenue. Read More
Agronomics Ltd - Isle of Man-based venture capital firm which invests in cellular agriculture companies - Says portfolio company Solar Foods Oy has raised an additional EUR8 million in funding via Finnish investment organiser Springvest Oyj. In November it had already raised EUR8 million in a series B financing round. Agronomics Chair, Jim Mellon commented: "Solar Foods has shown impressive execution with the funds they have raised to date. It is one of the few companies in this field with a wholly owned and fully operational factory and regulatory approval which puts Solar Foods as one of the most advanced cell ag companies globally. We are very much looking forward to seeing product sales begin in Singapore and for regulatory approval in Europe." Read More