(Alliance News) - Segro PLC on Tuesday said it continues to reject a possible bid approach from Prologis Inc after the US firm outlined the strategic and financial rationale for the proposed combination. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London were higher at midday on Tuesday and had strengthened from earlier in the day, as defence stocks were buoyed by the new UK defence investment plan, while in Japan the yen hit a 40-year low. Read More
(Alliance News) - Shuka Minerals PLC said on Tuesday it was focused on restarting Rukwa coal mine in Tanzania and the development of newly acquired Kabwe zinc mine in Zambia. Read More
Vodafone Group PLC -Berkshire, England-based telecommunications provider - Subsidiary Vodacom Group Ltd completes the acquisition of an effective 20% stake in Safaricom PLC, increasing its holding to 55%, following the announcement in December. Vodacom acquired a 15% stake from the government of Kenya for KES204 billion, equivalent to EUR1.36 billion, and a further 5% from Vodafone for KES68 billion, or EUR450 million. Following completion, Safaricom will be fully consolidated by both Vodacom and Vodafone, giving them controlling ownership of the Nairobi-based telecommunications and financial services company. Read More
(Alliance News) - Bravura Solutions Ltd on Tuesday announced that it will start trading on London's AIM market at the end of next month. Read More
North Atlantic Smaller Cos Investment Trust PLC - invests in public and private smaller companies based in countries bordering the North Atlantic - Makes partial sale of Coventbridge Group Ltd, a provider of insurance and fraud investigations. This will result in the repayment of a 10% loan note plus interest, worth GBP5.9 million, plus a distribution of GBP8.0 million from Harwood Private Equity IV. The deal is at a premium to the portfolio holding's end-January valuation. Remaining Coventbridge assets will be held at a low valuation, North Atlantic Smaller says, with a "further good upside" possible, subject to contract renewal negotiations. Read More
(Alliance News) - Acceler8 Ventures PLC on Tuesday announced that Intuitive Investments Group PLC has accepted its all-share takeover offer. Read More
(Alliance News) - Barclays PLC has acquired the long-term leasehold interest in its global headquarters at One Churchill Place in east London from Canary Wharf Group, securing control of the building beyond its current lease, the companies said on Tuesday. Read More
(Alliance News) - Irish consumer price inflation eased a bit in June, although it remained above the eurozone rate, according to a flash estimate released by the Central Statistics Office on Tuesday. Read More
GCP Infrastructure Investments Ltd - closed-ended investment company advised by Gravis Capital Management Ltd providing exposure to UK infrastructure debt - Introduces third-party debt financing to portfolio of solar-power projects that it owns to recycle equity capital. The deal with an unnamed counter-party is for GBP40 million in senior loans, representing a loan to enterprise value of 38%. GCP Infrastructure also says its investment adviser is progressing disposals worth GBP60 million in total. Read More
(Alliance News) - Keir Starmer said the UK had to be prepared for war to be able to deter potential enemies as he set out the GBP15 billion defence investment plan. Read More
(Alliance News) - SSE PLC on Tuesday said it welcomes the National Energy System Operator's 'Beyond 2030 Update', anticipating further investment for its SSEN Transmission business as a result. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Tuesday. Read More