(Alliance News) - Stock prices in London were higher at midday on Wednesday, with miners and housebuilders helping the FTSE 100 advance as investors digested an acceleration in UK inflation and awaited the US Federal Reserve's interest rate decision. Read More
boohoo Group PLC - online fashion, home and beauty retailer trading as Debenhams - Sells Nasty Girl brand to White Space Group New York LLC, which operates as WSG Brands, for USD16 million. boohoo says the decision to the sell the non-core business is part of its effort to strengthen its balance sheet and move toward a "marketplace-led business model that is capital-lite". Nasty Girl recorded adjusted earnings of GBP400,000 in financial 2026, which ended in February, on gross merchandise value of GBP12 million. Read More
(Alliance News) - Daily Mirror and Daily Express publisher Reach PLC is axing more than 200 editorial roles as part of an ongoing cost-cutting overhaul that will also see three titles close. Read More
(Alliance News) - Gore Street Energy Storage Fund PLC on Wednesday said the attempt by Saba Capital Management LP to shut down the company was quashed at its annual general meeting, but more than 44% of votes were cast in favour. Read More
Hilton Food Group PLC - Huntingdon, England-based food packaging - Chief Executive Officer Mark Allen buys 14,500 shares at GBP6.82, worth GBP98,890, on Tuesday. Allen now has 62,950 shares. Read More
(Alliance News) - The UK government has been urged to go further to fix failing water companies amid reports Andy Burnham plans to hand oversight powers to mayors and other political leaders. Read More
(Alliance News) - System1 Group PLC on Wednesday rejected Brave Bison Group PLC's latest takeover offer saying it still "materially undervalues" the company. Read More
Invesco Asia Dragon Trust PLC - Asia-focused investor - Informed by its manager, Invesco Fund Managers Ltd, that one of the three portfolio managers of the company, Ian Hargreaves, will retire from Invesco on March 31, after more than 30 years with the company. Invesco Asia Dragon says Fiona Yang will continue in her role as lead co-portfolio manager alongside Marc Ye, with Hargreaves continuing as co-portfolio manager until his retirement. Invesco Asia Dragon says: "The board remains confident that the company's portfolio managers, supported by the Invesco Asia and emerging market equities team, will continue to implement the company's investment strategy in accordance with its investment objective. The company's investment philosophy, process and portfolio construction framework remain unchanged." Read More
Grafton Group PLC - Dublin-based building materials distributor - Chief Financial Officer David Arnold and spouse Caroline Arnold sell 15,000 shares at GBP9.53, worth GBP143,016, on Tuesday. Read More
(Alliance News) - City Of London Investment Trust PLC on Wednesday reported an increased net asset value, and boasted a "record" 60th consecutive dividend increase. Read More
Smith & Nephew PLC - Hertfordshire, England-based medical technology, focused on repair, regeneration and replacement of soft and hard tissue - S&N says its tender offer for up to USD250 million of its 2.032% senior debt notes due in 2030 received tenders for USD431.8 million in notes out of the USD900.0 million outstanding. As a result, a 58% scaling factor will be applied to the tenders to reduce acceptances to the USD250 million maximum. The tender offer is priced at USD878.90 for each USD1,000 in principal amount. It will be financed by part of the net proceeds of the USD700.0 million in 2036 debt notes with a 5.75% coupon that S&N had priced last week. 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
(Alliance News) - WH Smith PLC on Wednesday said full-year profit will be at the bottom-end of already reduced guidance as continued weakness in its US business offset an improved UK performance. Read More
(Alliance News) - Annual house price growth in the UK slowed in July, as finance experts pointed to a sluggish housing market going into the autumn amid rising mortgage rates and other cost pressures for households. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More