(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) - Hiring activity fell further in July as the UK jobs market was weighed down by concerns over the economic outlook and increased labour costs, according to new figures. Read More
(Alliance News) - Advertising agency S4 Capital PLC has received a number of merger approaches, Sky News reported on Saturday. Read More
(Alliance News) - Keir Starmer has faced a call to "sit this one out" on Gaza, after the UK prime minister warned the Israeli government against pursuing its plan to take control of Gaza City. Read More
Spectris PLC - London-based provider of high-tech instruments, test equipment and software - Advent International LP says 4,100 pence per share bid for Spectris is final and will not be increased. Leaves the way clear for US private equity firm Kohlberg Kravis Roberts & Co which, on Tuesday, lifted its own offer to 4,175p per share, which Spectris accepted. The bid values all Spectris equity at GBP4.2 billion and implies an enterprise value of GBP4.8 billion. On Friday last week, Spectris had accepted the increased offer from Advent and withdrew its recommendation of a GBP40 per share bid from KKR but switched horses again on Tuesday. Read More
(Alliance News) - Gresham House Energy Storage Fund PLC on Friday said it has reached one gigawatt of operational capacity in its battery energy storage system projects. Read More
(Alliance News) - Primary Health Properties PLC on Friday applauded peer Assura PLC for re-affirming the fresh PHP offer, with Assura snubbing Kohlberg Kravis Robert & Co Inc again before the key deadline next week. Read More
(Alliance News) - The FTSE 100 edged down on Friday, on a mixed day for European equities, despite new optimism for an end to the war between Russia and Ukraine. Read More
(Alliance News) - DCI Advisors Ltd's largest shareholder Almitas Capital LLC on Friday called for the appointment of Martin Adams to the board and said there have been "multiple governance failures" at DCI. Read More
(Alliance News) - Assura PLC said on Friday its directors continued to back a revised offer from its peer Primary Health Properties PLC, despite efforts by Kohlberg Kravis Robert & Co Inc to convince it otherwise. Read More
PPHE Hotel Group Ltd - Amsterdam-based international hospitality real estate company - Says Arena Hospitality Group DD, in which it holds a controlling ownership interest, has terminated the leasehold of Park Plaza Wallstreet Berlin Mitte. The 167-room hotel has been part of Arena's German operations since the acquisition of Sugarhill Investment BV in 2016. The 20-year lease was originally set to expire at the end of 2025, but Arena reached a "mutually beneficial agreement" to terminate the lease four months ahead of schedule. "While the four-month operational gap will reduce the group's operating income, the group does not expect this to adversely affect statutory profit or the cash position for the financial year," the firm says. Read More
(Alliance News) - Vaalco Energy PLC on Friday cited declining oil prices as the main reason for weaker results in the first half of 2025. Read More