LONDON MARKET MIDDAY: Stocks prosper but pound falls amid gloomy data
(Alliance News) - London's FTSE 100 was higher around midday on Friday, outperforming European peers, as a batch of weak economic data saw traders add to rate cut bets. Read More
(Alliance News) - London's FTSE 100 was higher around midday on Friday, outperforming European peers, as a batch of weak economic data saw traders add to rate cut bets. Read More
(Alliance News) - Ryanair Holdings PLC on Friday said it would be appealing Spanish fines imposed on the firm, citing breaches of EU law. Read More
(Alliance News) - Learning Technologies Group PLC - London-based digital learning and talent management company - Extends the deadline for US private equity firm General Atlantic Service Company LP to announce a firm intention to make an offer or withdraw its bid. The new PUSU deadline is December 6, pushed back from November 22. Learning Technologies says discussions with GASC are advanced, and due diligence has been completed, but negotiations over transaction terms remain ongoing. Read More
RTC Group PLC - London-based recruitment company - Announces that trading since June has been in line with its positive expectations about short, medium and long-term prospects, despite cost pressures emanating from the recent UK budget. Adds it is confident in trading for 2024, for which it expects to release results around March 24. Chair & Chief Executive Officer Andy Pendlebury says: "Economic conditions across the UK remain challenging, driving both fierce competition and revenue concerns, as evidenced by a number of earning downgrades across the sector. Despite this, we continue to drive growth through our focus on strong sector positioning, our people development, our systems enhancement, and our attention to excellent service and quality which continues to provide valuable differentiation for us with our clients." He adds that the recent UK government budget will intensify cost pressures and competition across the entire economy in 2025, but remains confident in the company's ability to capture further value for shareholders. Read More
(Alliance News) - Foresight Solar Fund on Friday appointed Tony Roper to its board as non-executive director. Read More
(Alliance News) - HgCapital Trust PLC on Thursday said it will invest around GBP11.7 million in Empyrean Solutions alongside other investments from Hg's clients. Read More
(Alliance News) - Tavistock Investments PLC said on Friday it has acquired Alpha Beta Partners, a Bath, England-based asset management business with nearly GBP3 billion in assets under management, as part of a strategic shift toward expanding its focus on asset management. Read More
(Alliance News) - Spain's leftist government said Friday it has fined five budget airlines including Ryanair Holdings PLC and EasyJet PLC EUR179 million for "abusive practices" such as charging passengers for hand luggage. Read More
(Alliance News) - Quadrise PLC on Friday said its 3 core projects are progressing towards commercialisation as it updated shareholders ahead of its annual general meeting. Read More
Sage Group PLC - Newcastle-upon-Tyne, England-based accounting software maker - Chief Executive Officer Steve Hare and Chief Financial Officer Jonathan Howell each sell 70,000 shares at GBP12.64 and GBP12.70, respectively, worth GBP1.8 million in total, on Thursday. Hare continues to hold 690,188 shares and Howell 302,239. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - National World PLC was the target of a takeover proposal announced on Friday by its largest shareholder, Media Concierge (Holdings) Ltd, which already holds a 26% stake in the company, valuing the multimedia publisher at over GBP56 million. Read More