LONDON BRIEFING: Sage announces buyback; Ninety One in Sanlam deal
20th Nov 2024 07:58
(Alliance News) - The FTSE 100 is called to open flat on Wednesday, after a hotter than expected UK inflation reading. Read More
(Alliance News) - The FTSE 100 is called to open flat on Wednesday, after a hotter than expected UK inflation reading. Read More
(Alliance News) - UK consumer price inflation accelerated at a faster pace than expected last month, spurred on by electricity and gas prices, numbers on Wednesday showed. Read More
(Alliance News) - Russia's "irresponsible rhetoric" on nuclear weapons will not deter UK support for Ukraine, Prime Minister Keir Starmer has said. Read More
(Alliance News) - Stocks in London are set to open a touch higher on Wednesday, clawing back Tuesday's loss, with focus in the morning on a UK inflation reading. Read More
(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More
Trifast PLC - East Sussex, England-based maker of industrial fastenings - Pretax profit falls 21% to GBP1.6 million in the six months to September 30 from GBP2.0 million a year prior. Revenue drops 3.2% to GBP113.9 million from GBP117.6 million. Diluted earnings per share fall to 0.99 pence from 1.15p. Dividend is unchanged at 0.60p. Continues to consider that an appropriate level of dividend cover is in the range of 3.0x to 4.0x. Says revenue fall reflects persistent market headwinds in a number of sectors leading to reductions in Europe and UK & Ireland. North America and Asia however reported revenue growth, ahead of expectations, reflecting more supportive local market conditions. Gross margin improves 169 basis points to 27.4%, the highest since 2020. Remains on track to achieve the phased cost savings in financial 2025 of around GBP3 million from the operational improvement programme. Looking ahead, remains on track to deliver results for the year ending March 31, 2025 in line with expectations, and remains confident in the delivery of mid-term margin and returns ambitions. Read More
(Alliance News) - J Smart & Co (Contractors) PLC said full-year profit multiplied more than five times in its financial year 2024, as the group swung to a net surplus on the valuation of its investment properties. Read More
(Alliance News) - Leeds Group PLC on Tuesday proposed to call time on its AIM listing, prior to the end of a six-month countdown which would have seen the shares cancelled from London's junior market. Read More
(Alliance News) - Stock in Europe closed off session lows but struggled on Tuesday, with geopolitical worries damping enthusiasm in equity markets, while the pound continued to sit below USD1.27 ahead of a key UK inflation reading on Wednesday. Read More
(Alliance News) - Fianna Fail would be open to negotiating with a number of centre ground parties post-election, Micheal Martin insisted as he pushed back on suggestions he was eyeing Labour as potential Ireland coalition partners. Read More
(Alliance News) - Rockwood Strategic PLC on Tuesday said its net asset value has outperformed its benchmark indexes in the first half of its current financial year, despite a "challenging external environment". Read More
(Alliance News) - Aquis Exchange PLC on Tuesday announced that Glenn Collinson has decided to step down as chair and director of Aquis with immediate effect for personal reasons. Read More
SysGroup PLC - Liverpool, England-based IT services, cybersecurity and cloud hosting provider - Acquires Crossword Consulting Ltd, the consulting arm of Crossword Cybersecurity PLC, for GBP311,000, as well as a potential post-conditional payment of GBP127,000. Crossword Consulting delivered revenue of around GBP2.4 million for its financial year that ended September 30, with more than 75% of its revenue recurring. Its client base, including FTSE 100 and FTSE 250-listed companies, provides new cross-sell opportunities for SysGroup across multiple sectors. Read More
(Alliance News) - Women with incurable breast cancer in England and Wales will not be offered a life-extending drug on the national health service after talks between the NHS spending watchdog and its manufacturer ended without an agreement on price for the third time. Read More
(Alliance News) - Petards Group PLC on Tuesday said its new subsidiary, Affini Technology, has been awarded a contract worth GBP400,000 to supply and install a new digital radio system. Read More