(Alliance News) - Stock prices in London opened slightly higher on Wednesday after UK inflation came in as expected, easing fears of a more aggressive Bank of England, while investors continued to monitor escalating tensions in the Middle East. Read More
(Alliance News) - UK inflation accelerated as expected in July, while producer price pressures eased on lower oil costs. Smith & Nephew announced the departure of its finance chief, while Trainline responded to a Competition & Markets Authority investigation into how it presents mandatory booking fees. Read More
(Alliance News) - UK consumer price inflation accelerated in July as higher housing and household services costs offset weaker transport inflation, while factory gate and input price pressures eased as oil prices fell. Read More
(Alliance News) - Stocks in London are set to open marginally lower on Wednesday as investors await UK inflation data, with sentiment also weighed by renewed uncertainty over the Middle East and a sell-off across Asian markets. Read More
(Alliance News) - The following companies are due to release earnings reports or trading statements at 0700 BST: Read More
Rockpool Acquisitions PLC - Belfast-based special purpose acquisition company - Reports a delay in the planned acquisition of its takeover target, European Lingerie Group. ELG was in talks with an investor regarding the investment of an amount sufficient to allow for the refinancing of its existing debt facilities and to eliminate its shortfall in working capital. This would have put ELG in a position to meet its obligations to make payments to Rockpool by way of contribution to costs incurred by it in relation to the proposed acquisition. But Rockpool says these talks have ended due to the amount of the potential funding being too low for the investor's criteria. ELG continues to pursue discussions with alternative funders and is seeking new potential sources as well. Rockpool says: "This development will cause further delay in recommencing the work towards the acquisition of ELG and preparations for readmission to the market following the completion of that transaction. It will also delay and may jeopardise the ability of Rockpool to recover the sums owed to it by ELG. If Rockpool does not recover the sums owed to it by ELG, its medium-term financial viability will be adversely impacted." Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Winvia Entertainment PLC on Tuesday said it has entered a GBP33 million three-year term loan agreement with Barclays Bank to replace its existing loan with Eurobank, aiming to increase its flexibility to grow in the market. Read More
(Alliance News) - The FTSE 100 outperformed European peers on Tuesday, with oil stocks on the up amid rising prices, and bond market concerns adding to the cautious mood. Read More
(Alliance News) - Talisman Metals PLC shares rose on Tuesday, after the company announced drill mobilisation at the Tirzzit copper project site in Morocco. Read More
(Alliance News) - Pageant Investments Ltd on Tuesday said it voted against the proposed acquisition of Irish Continental Group PLC by Bluefin Bidco Ltd, highlighting that it views the share price of Irish Continental as undervalued. Read More
(Alliance News) - Georgina Energy PLC shares jumped on Tuesday after the company reported completion of a water well as part of its drilling project Hussar in Western Australia. Read More
(Alliance News) - Aseana Properties Ltd on Tuesday said it swung to an interim loss as it cited a depreciated Malaysian ringgit, in which all of its assets are denominated. Read More
(Alliance News) - Aberdeen Asian Income Fund Ltd on Tuesday reported a strong first-half performance, despite geopolitical tensions, driven by investments in artificial intelligence and other information technology. Read More