(Alliance News) - The UK Competition & Markets Authority on Friday launched a formal investigation of the planned acquisition of Hovis Group Ltd by Associated British Foods PLC. Read More
(Alliance News) - Chrysalis Investments Ltd on Friday hailed a year of progress, with the continued building of momentum, as it is set to propose revisions to its investment policy that sees capital returns to shareholders and a pause of new investments. Read More
(Alliance News) - Joint administrators of a stake in First Class Metals PLC have been approached by a potential buyer, they announced Friday. Read More
Vp PLC - Harrogate, England-based equipment rental company - appoints Alice Woodwark as chief executive officer. Woodwark's most recent role was a managing director at Mitie Group PLC, a London-based engineering, security, cleaning and hygiene services provider. Prior to that, she was managing director for the RA Group at Compass Group PLC. Read More
(Alliance News) - Seraphim Space Investment Trust PLC on Friday noted that its largest holding, ICEYE Oy, and joint venture partner Rheinmetall AG, have secured a EUR1.7 billion contract with the Germany army. Read More
Balfour Beatty PLC - London-based international infrastructure construction firm - Sells Foundry Courtyard, a 536-bed student accommodation building in Glasgow, Scotland, to an undisclosed buyer. After allowing for debt repayment and normal adjusting items, it says net disposal proceeds are GBP26 million. Adds that the sale generates a profit on disposal of GBP24 million. Balfour Beatty says the proceeds are in line with its valuation as of June 27. It continues to expect gains on investment disposals for the full year in the range of GBP30 million to GBP40 million. Read More
(Alliance News) - WH Smith PLC on Friday said the UK financial watchdog has launched an investigation into the company following an accounting error within its US business, as it reported its delayed annual results and cut its annual dividend. Read More
SSE PLC - Perth, Scotland-based electricity generator - Signs GBP1 billion 12-year bank facility with a group of its relationship banks, led by Bank of America Corp. The facility is back by a GBP800 million financial guarantee from the UK government's National Wealth Fund and is ring-fenced as a 'green loan' to support SSEN Transmission projects. The funds will be used for grid upgrade projects taking place in the the north of Scotland. As part of that work, Orkney island will be connected to the UK transmission grid for the first time, SSE notes. Read More
DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Says GBP600 million tender offer to return cash from the sale of its Healthcare arm is fully subscribed. As a result, DCC will buy back 11.6 million shares, about 12% of its total, at the tender offer price of GBP51.70 on Friday. The tender offer is being managed by stockbrokers Davy. DCC completed the GBP1.05 billion sale of DCC Healthcare in September and at the time said it will return GBP800 million to shareholders. DCC started a GBP100 million share buyback in May. The remaining GBP100 million will be paid out in about two years, once DCC has received the final deferred payment from the health unit disposal. Read More
(Alliance News) - Applied Nutrition PLC on Friday said it has struck an exclusive agreement that will see its branded products sold in Morrisons supermarkets across the UK. Read More
(Alliance News) - Next PLC on Friday reported plans for a GBP421.3 million shareholder return. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says Gathoni Muchai Investments Ltd has confirmed that it will continue to pay the balance of its loan to Shuka throughout this month. Shuka requires the balance of the funds to satisfy the USD1.35 million consideration to acquire Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - The UK Competition & Markets Authority on Friday launched a formal investigation of the planned acquisition of Hovis Group Ltd by Associated British Foods PLC. Read More