(Alliance News) - Lloyds Banking Group PLC on Thursday said pretax profit nearly doubled in the third quarter from a year before, amid a strong rise in net interest income, and the lender confirmed its annual guidance. Read More
(Alliance News) - Stock prices in London opened higher on Thursday, with gains for oil major Shell helping the FTSE 100 advance, but earnings for banking firm Lloyds failed to inspire. Read More
(Alliance News) - Lloyds Banking Group reports a sharp rise in third-quarter profit, while Shell more than doubles its earnings and announces a USD5 billion share buyback. Premier Inn owner Whitbread expects to benefit from UK budget measures limiting business rates increases for hospitality businesses. Read More
(Alliance News) - Stocks in London were set to open higher on Thursday as investors digest the UK government's autumn budget and the US Federal Reserve's decision to hold interest rates, while a busy day of corporate earnings and the European Central Bank's latest policy announcement lay ahead. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Stocks in London ended mixed on Wednesday as investors assessed Chancellor John Healey's first budget and looked ahead to an expected US interest rate hold. Read More
(Alliance News) - Commodity prices are set to rise 23% this year as global shocks mount, World Bank reported on Wednesday in its latest commodity markets outlook. Read More
(Correcting to clarify Andy Beaver assumes the role of chief financial officer.) Read More
(Alliance News) - Entain PLC on Wednesday said it is disappointed by the UK government's decision to increase the tax burden on the gambling industry which it said would cost it GBP25 million per year, before any mitigating measures. Read More
(Alliance News) - International Paper Co on Wednesday reported a widened loss in the third quarter, largely due to a non-cash goodwill impairment of its European business, which it is preparing to spin off as a separate company. Read More
Renew Holdings PLC - Leeds, England-based engineering services provider - Acquires Porter Brothers Holdings Ltd, parent company of PBU UK Ltd, for of up to GBP50.0 million in cash. The initial cash outlay of GBP31.1 million is funded through existing banking facilities, with a further GBP18.9 million conditional on profit targets being met over the next three years, Renew says. The acquisition, via subsidiary Excalon Holdings Ltd, strengthens the company's capabilities in electricity transmission and distribution through PBU's specialist extra-high-voltage cabling and directional drilling services, Renew says. Read More
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Wednesday maintained its annual guidance, as higher sales, driven by its Valhalla Coupe, steered the company to a narrowed loss. Read More
(Alliance News) - Chancellor John Healey on Wednesday laid out measures to support first-time home buyers which he said give them the chance to get the "keys to your own front door". Read More
(Alliance News) - UK Chancellor of the Exchequer John Healey on Wednesday pledged to reach targets for defence spending and that welfare bills will be cut "in a Labour way". Read More
Plus500 Ltd - Israel-based trading platform operator - Launches Kalshi perpetual futures, or perps, through its US futures commission merchant, becoming the first futures commission merchant outside Kalshi Prime to offer the contracts. The contracts, which have no expiry date, cover a range of markets. Plus500 says they are available through its business-to-business and business-to-business-to-consumer channels. Chief Executive David Zruia says "Perps have grown quickly in recent years and their arrival on a fully regulated US exchange is a significant boost for the whole industry. From prediction markets to perps, our US business is capable of rolling out innovative products at speed, which is why Plus500 is a partner of choice for Kalshi." Read More