LONDON BROKER RATINGS: Goldman cuts Big Yellow price target
(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and on Friday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and on Friday: Read More
(Alliance News) - Macquarie Group Ltd on Monday reported that a new shareholder will provide further funding to UK utility Southern Water. Read More
(Alliance News) - Prime Minister Keir Starmer said he will give his successor his "full and unequivocal support" as he confirmed he will be stepping down as leader of the Labour Party. Read More
(Alliance News) - Keir Starmer on Monday announced he will resign as UK prime minister less than two years after coming to power. Read More
(Alliance News) - Paragon Banking Group PLC on Monday said it has agreed to sell its Specialist Fleet Services Ltd subsidiary to NRG Fleet Services Ltd for GBP85.6 million, with proceeds set to support growth in its commercial lending business. Read More
(Alliance News) - The pound has come under pressure as speculation mounts that Keir Starmer is set to imminently announce plans to step down as UK prime minister. Read More
AEP Plantations PLC - operator of sustainable palm-oil plantations in Indonesia and Malaysia - Plans to implement a 10-for-1 share split, following approval by its shareholders of the resolution to facilitate the share split at its annual general meeting on Monday last week. Explains that the purpose of the split is to enhance the affordability of its shares, as it looks to improve their trading liquidity and marketability. Says the share split is conditional upon the new shares being admitted to the Official List of the Financial Conduct Authority, and to the Main Market of the London Stock Exchange. Expects dealings in its new shares to commence on Thursday this week, at which time the share split will become effective. Read More
(Alliance News) - Great Portland Estates PLC on Monday called the pre-letting of a property in central London a "great result". Read More
(Alliance News) - Pantheon Infrastructure PLC on Monday said it has committed to invest around USD55 million in US renewable energy platform, Tera-Gen LLC. Read More
(Alliance News) - Stock prices in London opened mixed on Monday, as investors continue to weigh the impact of the US and Iran's peace talks over the weekend. Read More
Ocado Group PLC - Hatfield, Hertfordshire-based grocer and warehouse technology firm - Confirms that Chief Executive Officer Tim Steiner and the board "continually engage in long-term succession planning and regularly engage with potential candidates." The statement by Ocado comes after Sky News reported that Ocado is preparing to appoint a successor to Steiner, the founding chief executive officer of Ocado. Read More
(Alliance News) - easyJet PLC on Monday said it had rejected three takeover proposals from Castlelake LP, the latest of which valued the Luton, Bedfordshire airline at around GBP4.74 billion. Read More
BAE Systems PLC- London-based defence contractor - Commences the third tranche, worth up to GBP500 million, of its up to GBPBP1.5 billion, three-year buyback scheme announced back in August 2023. Says JP Morgan Securities PLC will carry out share repurchases on its behalf, with the tranche expected to complete by June 30 next year. Notes the purpose of the programme is to reduce its share capital, with shares repurchased to be cancelled. Read More
(Alliance News) - Babcock International Group PLC on Monday backed its guidance for the current financial year and reiterated medium-term targets, despite reporting lower annual profit after taking a charge on its Type 31 frigate programme. Read More
(Alliance News) - Stocks were called higher on Monday after the US and Iran, mediators said, agreed to set up communications lines to keep the vital Strait of Hormuz open and end fighting in Lebanon after their first round of talks in Switzerland. Read More