(Alliance News) - Annual house price growth in the UK slowed to its weakest pace in more than two years in October, as economic uncertainty and rising mortgage costs weighed on the housing market, figures from Nationwide showed on Friday. Read More
(Alliance News) - Stocks in London are set to open higher on Friday as investors digest interest rate decisions from the European Central Bank and the Bank of Japan, while a busy day of UK corporate earnings lies ahead. Read More
(Alliance News) - UK Prime Minister Andy Burnham has offered to work with devolved governments to put more decision-making in the hands of regions and cities. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Stocks in London closed higher on Thursday, as investors weighed earnings, rate calls in Europe and the US and a hefty share price fall for Google owner Alphabet. Read More
(Alliance News) - PPHE Hotel Group Ltd maintained its annual outlook as its third-quarter revenue rose, driven by strong performances across its UK and Croatia portfolios. Read More
Renewables Infrastructure Group Ltd - Guernsey-registered renewable energy investor - The company, known as TRIG, completes the sale of its 17.5% equity stake in the Beatrice wind farm project offshore Scotland, receiving GBP157 million. The disposal was first announced in June. Pre-emption rights to acquire the stake were exercised by TRIG's co-owner, funds managed by Equitix Investment Management Ltd. The sale is a 40% step toward TRIG's target, set out in May, to raise GBP400 million from asset sales. TRIG will use the cash from Beatrice to reduce borrowings under its revolving credit facility to GBP184 million. Overall debt, including exposure to GBP210 million in project-level borrowings for TRIG's share of Beatrice, fall by GBP365 million to GBP1.7 billion, which is 43% of enterprise value. Read More
(Alliance News) - The European Central Bank left interest rates unchanged on Thursday, warning that rising energy prices could push inflation higher and weigh on economic growth, as President Christine Lagarde announced plans earlier in the day to step down early next year. Read More
Jubilee Metals Group PLC - London-based metal processing company operating in Zambia - Says it has completed phase two drilling at its Molefe copper mine in Zambia. Phase two follows the initial infill drilling and trenching, which formed part of phase one. Phane one was sought to test the eastern continuation of the mineralised structure and identify suitable locations for planned mine infrastructure. Read More
HSBC Holdings PLC - London-based, Asia-focused bank - HSBC on Thursday starts the GBP1 billion share buyback it had announced with its third-quarter results on Tuesday. The buyback will be run by investment bank Goldman Sachs International, part of Goldman Sachs Group Inc, and completed by February 19 next year. The purchases will be made in both London and Hong Kong, and all the repurchased shares will be cancelled to reduce the number of outstanding shares, HSBC says. Read More