LONDON BROKER RATINGS: Stifel raises PHP; Panmure Liberum lifts Greggs
(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) - Vodafone Group PLC on Wednesday announced a strategic procurement partnership with Fornebu, Norway-based telecommunications firm Telenor Group. Read More
(Alliance News) - The downturn in UK manufacturing worsened in September as output, orders and employment all fell at sharper rates, survey results from S&P Global showed on Wednesday. Read More
(Alliance News) - Taylor Wimpey PLC on Wednesday said it is confident in the fundamentals of the UK housing market despite some possible near-term constraints. Read More
(Alliance News) - Centrica PLC on Wednesday said that its subsidiary Spirit Energy had sold 46.25% of its interest in the Cygnus gas field to Ithaca Energy PLC. Read More
(Alliance News) - Stock prices in London opened higher on Wednesday, and the FTSE 100 reached a new intra-day record, shaking off any jitters as the US government shut down overnight. Read More
(Alliance News) - Tate & Lyle PLC on Wednesday said it was accelerating plans to boost top-line growth after warning soft market conditions would result in full-year sales and earnings below expectations. Read More
Glanbia PLC - Kilkenny, Ireland-based sports nutrition company - Tirlan Co-operative Society Ltd sells 17.0 million Glanbia shares, as planned, to finance the repurchase of EUR250 million in Tirlan bonds. The shares, representing a 6.8% stake, are sold at EUR13.55 per share, raising EUR230.4 million gross. The share sale to institutional investors is conducted as an accelerated bookbuild led by Goodbody Stockbrokers and J&E Davy. As part of the share sale by Tirlan, Glanbia buys back 7.4 million of the shares, or a 2.9% stake, at the EUR13.55 offer price, for a total of EUR100.0 million, as part of its share buyback programme. It will cancel the repurchased shares. Tirlan retains 43.5 million Glanbia shares - just under an 18% stake following the share cancellations - and remains the largest equity investor in Glanbia. Tirlan says it "continues to be a strong supporter" of Glanbia's strategy. Read More
(Alliance News) - ConvaTec Group PLC on Wednesday unveiled plans for a new research & development site in Manchester as part of more than USD1 billion of investment in the UK and US over the next decade. Read More
(Alliance News) - Diversified Energy Co PLC on Wednesday announced it plans to move its primary listing to the New York Stock Exchange, while retaining a secondary listing on the London Stock Exchange. Read More
(Alliance News) - Greggs PLC on Wednesday maintained guidance, despite challenging market conditions, with improved trading in August and September after the "unusually" warm weather in July. Read More
(Alliance News) - Diversified Energy plans to move its primary listing to New York, Greggs reports slower sales while James Halstead's earnings fall. Read More
(Alliance News) - UK house price growth rebounded in September, a tracker from mortgage lender Nationwide showed on Wednesday. Read More
Glanbia PLC - Kilkenny, Ireland-based sports nutrition company - Tirlan Co-operative Society Ltd plans to sell up to 17.0 million Glanbia shares, a 7% stake, to finance the repurchase of EUR250 million in Trilan bonds, Glanbia announces after the London market close on Tuesday. The share sale is being conducted as an accelerated bookbuild led by Goodbody Stockbrokers and J&E Davy. Glanbia will participate by purchasing up to 45% of the shares on offer, spending up to EUR100 million, as part of its share buyback programme. The 17 million shares are worth about EUR238.2 million at Tuesday's closing price. Read More
(Alliance News) - BHP Group Ltd on Wednesday said it is investing to boost Olympic Dam operations in South Australia. Read More