(Alliance News) - JTC PLC shares jumped on Thursday as it agreed a deal to buy an estate planning firm and said net organic revenue growth was above 10% in the first half of the year. Read More
Entain PLC - Isle of Man-based sports betting and gaming operator with Labrokes and Coral brands - Lowers the interest rate on two term loans and extends the length of one. Its USD2.22 billion loan will have its margin over the secured overnight finance rate reduced by 50 basis points to 225bps. The maturity dates remains October 31, 2029. Its USD1.10 billion loan has its margin reduced by 35 basis points, also to 225bps, and its maturity date is extended to July 31, 2032 from March 29, 2027. The first loan had been issued at par and the second at 99.875% of face value. Entain said its net debt is unchanged by the refinancing, which is expected to reduce its annual interest bill by GBP10 million. Entain had net debt of GBP3.34 billion at the end of 2024. Read More
(Alliance News) - Spire Healthcare Group PLC on Thursday said it is trading in line with expectations, as profit fell but revenue increased in the first half of the year. Read More
(Alliance News) - Henderson Smaller Cos Investment Trust PLC on Thursday reported a "disappointing" annual performance but struck an upbeat tone on the outlook for UK smaller firms, pointing to improving fundamentals despite market noise. Read More
Prudential PLC - London-based provider of life and health insurance and asset management in Asia and Africa - Reaches settlement with Detik Ria Sdn Bhd, the 49% owner of Sri Han Suria Sdn Bhd, the holding company for Prudential Assurance Malaysia Bhd, in which Prudential holds the other 51%. Detik Ria in April had filed legal proceedings against Prudential for the equivalent of USD833 million, plus interest, claiming unpaid dividends. The settlement will see SHS pay Detik Ria a dividend equivalent to USD83 million. In addition, Prudential has waived the equivalent of USD33 million, which was owed by Detik Ria to one of Prudential's subsidiaries as a results of a court decision in July last year. As a result of the settlement, Prudential said all proceedings related to the dispute will be withdrawn, and there will be no new claims. Prudential last year was blocked from taking over 100% of Prudential Assurance Malaysia from Detik Ria, after the Federal Court of Malaysia overturned previous rulings by the High Court and Court of Appeal in Prudential's favour. Read More
(Alliance News) - Jardine Matheson Holdings Ltd on Thursday reported a jump in pretax profit for the first half of 2025, driven by improved performances across most of its portfolio companies, although revenue slipped slightly and the dividend was held steady. Read More
(Alliance News) - Elementis PLC on Thursday hailed its strategy to create a leaner company, as it posted a profit rise despite a fall in revenue amid challenges in the coatings market. Read More
(Alliance News) - Schroders PLC on Thursday reported stable assets under management and kept its interim dividend unchanged, saying it is making "strong progress on transformation", though the cost of this restructuring programme hurt its bottom line in the first half. Read More
(Alliance News) - Stock prices in London were higher at midday on Thursday as a busy day of earnings was well-received by investors, as spirits were boosted by a strong performance from some US tech companies overnight. Read More
(Alliance News) - Hammerson PLC announced on Thursday it plans to buy the remaining interest in Bullring & Grand Central, as the London-based real estate investment trust returned to the black in the first half of 2025. Read More
(Alliance News) - House sales jumped by 13% month-on-month in June, according to HM Revenue & Customs, HMRC, figures. Read More
(Alliance News) - Haleon PLC said on Thursday reported higher profit in the first half, but cut its full-year outlook after revenue took a hit from mergers & acquisitions and slower trading in North America. Read More
(Alliance News) - Endeavour Mining PLC on Thursday reported a surge in profit for the first half of 2025 as gold production and realised prices ticked up. Read More
(Alliance News) - Rentokil Initial PLC on Thursday kept its 2025 guidance unchanged, as it said business in the first half of 2025 was as expected despite challenges in its North American arm. Read More