(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
(Alliance News) - Ireland's construction sector continued to grow in April despite a slowdown in momentum, S&P Global reported on Tuesday. Read More
Aeorema Communications PLC - London-based live events agency - Intends to buy back up to 5% of company's market value. This "reflects the board's confidence in the long-term outlook for the group", it says. The buyback will be funded from existing surplus cash resources. The programme starts Monday and runs until the earliest of buying back 484,650 shares or the date of the next AGM in 2025. Shard Capital Partners LLP has been appointed to execute and manage the buyback. Read More
Oriole Resources PLC - Hampshire, England-based gold explorer focused on West and Central Africa - Reports 125 gold-bearing intersections now returned from the first eight drill holes on its 90% owned Mbe orogenic gold project in Cameroon. Calls it "an incredible discovery rate for a maiden drilling programme." Says the results are "hugely significant" for the project and continue to demonstrate wide zones of bulk-tonnage and near-surface gold mineralisation, which could be mineable by open pit. The drill programme is currently scheduled for completion in the third quarter, and Oriole anticipates publishing a maiden, pit-constrained mineral resource estimate in the fourth quarter. Read More
New Frontier Minerals Ltd - minerals exploration company in Australia with exposure to copper, heavy rare earth minerals and uranium - Says high-grade assay results at two new prospects, 'Paddington' and 'Westminster' confirm significant heavy rare earth element targets west of Bobs Prospect in the Northern Territory, Australia. These results, combined with findings from the Bobs and Cusp prospects validate an east-west trending structural corridor now extending over 2 kilometres at the Harts Range Project, company says. New Frontier Minerals is actively validating and reviewing all targets with plans to drill test priority targets once suitable contractors have been appointed. Read More
ValiRx PLC - Essex-based life sciences company focusing on early-stage cancer therapeutics and women's health - signs an extension to the evaluation and commercial use agreement with UK based Dominion Biotech Ltd announced on April 30. Under the extension, Inaphaea will share access to results from a proprietary screen of around 3000 Food & Drug Administration approved drugs generated in a panel of patient derived cells. The drugs are approved for non-cancer applications and Dominion will mine the data for potential cancer applications, carrying out routine analysis to validate the most promising candidates at its own expense; the parties will agree and share any additional in-depth studies if required. The results of the analysis will be jointly owned, and both parties will share equally all costs associated with filing, prosecution and maintenance of any arising patents for any repurposed drugs. The parties will work together to commercialise any new assets either to the owner of the original drug compounds or alternative companies interested in the repurposed assets. All revenue generated will be equally shared after costs. Read More
Ondine Biomedical Inc - Vancouver, Canada-based life sciences company - Joins CAN Health Network - a national initiative focused on accelerating the adoption of Canadian technology within the health care system. Chief Executive Carolyn Cross says: "This membership provides us with valuable opportunities to collaborate with Canada's foremost healthcare innovators and further our goal of expanding access to Steriwave and delivering enhanced patient outcomes across the country." Read More
Focus Xplore PLC - strategic energy and critical minerals exploration company with exploration programs in Ontario, Canada - provides an update regarding upcoming exploration programs scheduled to commence shortly in Ontario, Canada. Says Fladgate Exploration Consulting Corp expects to begin the initial phase of exploration activities at the Iva and Ellie lithium projects and at its Bay Road rare earth element project later this week. Further, Focus Xplore appoints a second geological consulting firm, Bayside Geoscience Inc to commence the initial phase of exploration activities, including mapping and sampling, at the Pearl and Burrows lithium projects. Read More
CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - receives formal letter of award from the Government of Goa's Electricity Department for the contract announced in April. The GBP70 million contract was awarded to its Indian subsidiary, DigiSmart Networks Pvt Ltd and is for the deployment of around 750,000 smart meters. Read More
Carnival PLC & Corp - Miami, Florida-based cruise operator - Starts a private offering of new senior unsecured notes for amount of USD1.0 billion, expected to mature in 2031, to refinance the company's USD993 million 7.625% senior unsecured notes due 2026. As a result, Carnival expects to reduce interest expenses and manage its future debt maturities. Carnival will issue a conditional notice of redemption for the entire outstanding principal amount of the 2026 unsecured notes to be redeemed on or about May 22, at a redemption price equal to 100.0% of the principal amount of the 2026 unsecured notes to be redeemed. Carnival expects to fund the redemption using the net proceeds from the notes offering. Read More
(Alliance News) - Wellnex Life Ltd on Monday said it expects growth to continue for the rest of the year and into next year as it reported higher revenue in the quarter. Read More
(Alliance News) - TheraCryf PLC on Monday said it has signed a master service agreement with Pharmaron UK Ltd to progress development of its Orexin-1 addiction programme. Read More
Gerresheimer AG - Dusseldorf, Germany-based manufacturer of drug packaging and delivery systems - Completes investment of around EUR100 million in its state-of-the-art glass production facility at its Lohr site in Germany. Completes the modernisation and expansion of the site following over two years of planning and construction. Notes that the project was focused on upgrading two glass melting furnaces with state-of-the-art oxy-hybrid replacements. These offer greater capacity and consume less electricity, says Gerresheimer. Noted that the investment represents one of its largest investments in moulded glass in recent years. Adds that the project strengthens its competitive position as an innovative systems and solutions provider, and as a "future-proof" employer in the region. Read More
(Alliance News) - Stocks in London climbed, while the pound sank against the dollar, after the US and China struck a better-than-hoped trade deal. Read More
(Alliance News) - Kinovo PLC on Monday said it would be "minded to recommended" a takeover proposal from Sureserve Ltd that values it at around GBP56.4 million. Read More