boohoo turnaround continues "at pace" as the company returns to profit
23rd Oct 2026 09:12
(Alliance News) - boohoo Group PLC on Friday said its turnaround "continued at pace" as the company reported its first pretax profit for five years. Read More
(Alliance News) - boohoo Group PLC on Friday said its turnaround "continued at pace" as the company reported its first pretax profit for five years. Read More
AIB Group PLC - Dublin-based bank - Says its pillar 2 capital requirement will be reduced to 2.20% from 2.40%, effective from the start of 2027, following the supervisory review and evaluation process carried out by the European Central Bank. Pillar 2 is a requirement imposed by the ECB bank-by-bank in addition to its general 3% leverage ratio requirement. Leverage ratio is Tier 1 capital divided by assets and off-balance sheet items irrespective of their risk. The 2.40% pillar 2 requirement for AIB in 2026 is the same as in 2025 but is down from 2.60% in 2024. Read More
Wag Payment Solutions PLC - London-based provider of payment and data services to trucking companies in Europe - Peel Hunt LLP says Bock Capital EU Luxembourg WAG Sarl, an affiliate of TA Associates Management LP, sells its entire remaining 12.7% interest in Wag Payment Solutions, known as Eurowag. The broker, together with joint bookrunner Wood & Co Financial Services as, places 88.5 million shares at GBP1.00 each, worth GBP88.5 million, with institutional investors in an accelerated bookbuild. Read More
(Alliance News) - Stock prices in Europe opened lower on Friday, with the mood nervy amid artificial intelligence spending worries and a lofty oil price, with investors still mindful of Middle East tensions. Read More
(Alliance News) - Valterra Platinum Ltd reported on Friday that Middle East turmoil intensified cost pressures in the third quarter, as safety stoppages and planned maintenance also weighed on production. Read More
J Sainsbury PLC - London-based supermarket chain - Launches the second tranche of its GBP300 million share buyback programme, announced in April, worth up to GBP100 million. The tranche begins on Friday and will run until no later than February 27, 2027, the end of its financial year. Says it completed the first GBP200 million tranche in July, repurchasing 62.9 million shares for cancellation. Appoints Shore Capital Stockbrokers Ltd to conduct the buyback independently on its behalf. Read More
Barclays PLC - London-based bank - Barclays will start its new share buyback programme worth up to GBP500 million immediately after completing its existing GBP1.00 billion buyback, which began on July 29, it says. The new programme will be completed by April 16 next year. Shares repurchased under the programme will be cancelled to reduce share capital. Barclays picks JPMorgan Securities PLC to conduct the buyback independently on its behalf, with purchases taking place on the London Stock Exchange. Plans for the new share buyback were first announced by Barclays with its third-quarter results on Thursday, when it reported a 12% rise in pretax profit and said it will cut 5,000 jobs due to efficiencies from artificial intelligence. Read More
(Alliance News) - boohoo says its turnaround has progressed, with the retailer posting its first interim profit in five years, miner Rio Tinto announces an investment in a Queensland project, while gambling firm Evoke says customer-friendly results kept a lid on quarterly revenue. Read More
(Alliance News) - UK retail sales were weaker than expected in September, declining on month and growing at a slower pace on-year, numbers from the Office for National Statistics showed on Friday. Read More
KCR Residential REIT PLC - Surrey, England-based residential property investment trust - Reports a pretax loss of GBP2.90 million for the year ended June 30, 2026, swinging from a GBP327,641 profit a year earlier. Revenue rises 15% to GBP2.17 million from GBP1.89 million, as "strong performance gains in the core rental income of 19% were partially offset by lower levels of sales commissions", the company says. The revaluation of investment properties results in a GBP2.28 million loss, compared with a GBP1.16 million gain a year earlier. However, refurbishment costs nearly halve to GBP106,979 from GBP203,129. Read More
(Alliance News) - Shell PLC and Exxon Mobil Corp are looking to sell Infineum, their 50-50 chemicals joint venture in the UK, the Financial Times reported on Thursday. Read More
(Alliance News) - The chancellor has set out plans to cut back on "form-filling and pointless paperwork" that aim to cut some GBP800 million worth of red tape for businesses. Read More
(Alliance News) - London's FTSE 100 is expected to inch higher on Friday, though lingering artificial intelligence sector worries have hit parts of Asia, after tech stocks were sold off in New York. Read More
(Alliance News) - Rio Tinto PLC and Ltd on Friday said it will invest USD1.9 billion to develop the Kangwinan bauxite project on Western Cape York Peninsula in Queensland. 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