LONDON BROKER RATINGS: UBS cuts Shell; Berenberg says 'buy' Genus
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Edinburgh Investment Trust PLC on Wednesday said it underperformed its benchmark, despite reporting a rise in its net asset value as it hailed an "encouraging" UK stock market. Read More
(Alliance News) - Mobico Group PLC on Wednesday said it is taking "decisive" actions to improve performance after forecasting full-year operating profit towards the lower end of guidance. Read More
Harworth Group PLC - Rotherham, South Yorkshire-based regenerator of land for sustainable development - Signs a new GBP275 million revolving credit facility with existing lenders, replacing its existing GBP240 million facility. It includes an uncommitted accordion option that would take the RCF to GBP325 million, notes Harworth. It says it holds an improved margin of 200 basis points over the sterling overnight index average, or Sonia, and possesses an initial four-year term which can be extended to five years. Harworth notes the syndicate includes its existing relationship banks, NatWest Group PLC, Banco Santander SA and HSBC Holdings PLC, with the potential to add more lenders. Adds that the new facility extends its debt maturity by around two and a half years. Read More
Shepherd Neame Ltd - Faversham, Kent-based brewer and pub operator - Chair Richard Oldfield buys 25,000 shares at GBP4.68, worth GBP116,900, on Thursday last week. Read More
(Alliance News) - Stock prices in London opened higher on Wednesday, supported by a rise in miners, as investors focused on the all-important government budget due this afternoon. Read More
European Smaller Cos Trust PLC - London-based investor in small- to mid-cap European equities - Director Andrew Paterson buys 48,587 shares at 203.08 pence, worth GBP98,671, on Tuesday. Read More
(Alliance News) - Polar Capital Global Healthcare Trust PLC on Wednesday hailed "a very strong statement" in the result of its tender offer for shares, with nearly 80% of its shareholders choosing to stay invested. Read More
Regional REIT Ltd - London-based real estate investment trust focused on commercial property outside the M25 motorway - Non-Executive Director Stephen Inglis buys 50,000 shares at GBP1.01, worth GBP50,500, on Friday last week. Read More
Supermarket Income REIT PLC - London-based real estate investment trust for property leased to grocery retailers - Chief Executive Officer Rob Abraham buys 64,229 shares at GBP0.78, worth GBP50,004, in London on Tuesday. Abraham, who was named CEO in March, now has 226,402 shares. Read More
(Alliance News) - Pets at Home Group PLC on Wednesday outlined plans to address weakness in its retail business after announcing sharply lower half year profit. Read More
(Alliance News) - Workspace Group PLC on Wednesday said it sold three London properties for just over GBP40 million in total, as part of its portfolio management strategy. Read More
(Alliance News) - Intertek Group PLC on Wednesday said it has bought Professional Testing Laboratory LLC, a provider of testing services to the flooring industry. Read More
(Alliance News) - Intertek buys a US provider of testing services for the flooring industry, Pets At Home interim earnings drop while the founder of Judges Scientific is moving from CEO to non-executive chair. Read More
(Alliance News) - Stocks in London are set to open higher on Wednesday, ahead of the announcement of the UK government's latest budget by Chancellor Rachel Reeves. Read More