(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
Serval Resources PLC - London-based metals exploration and development company - Issues update on the ongoing work programme at "two of its key prospects in the Kalahari Copper Belt." These are audio-frequency magnetotellurics, high-resolution drone magnetic and orientation induced polarisation surveys on the Somelo prospect and a high-resolution drone magnetic survey on the Sweet Thorn Pan prospect. Both, especially Sweet Thorn Pan, are along the interpreted strike to and located near the Khoemacau copper-silver mine. Says the Somelo surveys are complete, while the drone magnetic survey on Sweet Thorn Pan is ongoing. Expects to complete the work programme this month. Says data processing has commenced and expects to complete an integrated interpretation using the combined data sets in October, "with expected follow-up targets to be delivered around the end of that month." Read More
Harworth Group PLC - Rotherham, South Yorkshire-based property regeneration company - Says it is "evaluating" this week's revised offer from Peel Holdings Group Ltd via Peel Pepper (UK) Ltd, after the latter triggered a "mandatory offer". Peel announced early on Thursday afternoon that the revised offer, of 172.5 pence per Harworth share, is now required to be effected as a mandatory cash offer under the Takeover Code. This is due to Peel Pepper acquiring 137,669 Harworth shares, meaning that Peel BidCo, and "persons with whom it is acting in concert," hold a combined 30.00% share of voting rights in Harworth. Peel says that accepting the offer "will provide Harworth shareholders with an attractive and fair valuation...at a significant 40 per cent premium to the three-month volume-weighted average share price." Read More
(Alliance News) - Softcat PLC on Thursday delivered an upbeat trading update as it announced a GBP350 million fundraise to help fund the USD1.05 billion purchase of GDT Topco LP. Read More
(Alliance News) - Stocks in London rose sharply on Thursday, boosted by falling bond yields and a lower oil price, as investors weighed a 'hawkish' hold by the Bank of England. Read More
(Alliance News) - Anglesey Mining PLC on Thursday reported a swing to profit during "a significant period of change". Read More
(Alliance News) - The founder and boss of Revolut Ltd has said the bank is considering a dual stock market listing in London and New York. Read More
EDX Medical Group PLC - Cambridge, England-based developer of digital diagnostic products and services - Enters an initial three-year agreement with the Arnold Clark Group, to provide its health and wellbeing screening programme to the European automotive dealership's employees. Says it expects the deal to generate between GBP1.4 and GBP1.6 million in annual revenue. Arnold Clark has 11,600 workers across 200 UK locations, and EDX says it has estimated a high level of participation in the programme from eligible employees. The service includes deploying its proprietary biomarker testing panels, as well as "extensive general health checks." EDX says it is currently in talks about providing similar services to "other major UK employers". Read More
SysGroup PLC - London-based managed IT services provider - Issues a trading update ahead of its annual general meeting, reporting "a continuation of the very positive sales and margin trajectory reported earlier in the year". Says trading since the start of its current financial year, which ends on March 31, has continued in line with the fourth quarter's exit run rate, "with both sales growth and margins holding consistently." Remains "confident" that its full-year results will be "in line with current market expectations." Adds that it remains confident in its strategy, and in the opportunities across both its core managed services base and newer growth channels. Read More
(Alliance News) - Andy Burnham has insisted he was "determined" to reach net zero by 2050 as he announced nearly GBP30 million for community-led renewable energy projects. Read More
(Alliance News) - Shares in Castelnau Group Ltd on Thursday fell after it reported weak interim results. Read More
(Alliance News) - Andy Burnham has insisted he was "determined" to reach net zero by 2050 as he announced nearly GBP30 million for community-led renewable energy projects. Read More