LONDON BRIEFING: FTSE 100 down, Drax optimistic on annual earnings
11th Dec 2025 07:49
(Alliance News) - Stocks were called lower on Thursday, as investors continue to digest the US Federal Reserve's latest quarter-point rate cut. Read More
(Alliance News) - Stocks were called lower on Thursday, as investors continue to digest the US Federal Reserve's latest quarter-point rate cut. Read More
Argo Blockchain PLC - London-based blockchain technology company focused on cryptocurrency mining with operations in the US and Canada - Set to delist from London Stock Exchange from Friday, so Thursday is the last day of trading for the stock. This follows the UK High Court on Wednesday sanctioning Argo Blockchain's restructuring plan. The company will remain listed on the Nasdaq Global Select Market in New York, and under the restructuring plan, it will issue American depositary shares to its bondholders and to operating partner Growler Mining Tuscaloosa LLC. Argo Blockchain also will make its shares available on the JP Jenkins matched bargain share dealing facility in London. Read More
Supermarket Income REIT PLC - London-based real estate investment trust investing in property leased to grocery retailers - Fitch Ratings reaffirms Supermarket Income's long-term issuer default rating of 'BBB+', with a stable outlook. Fitch says rating reflects Supermarket Income's portfolio of omnichannel superstores located in the UK and France. The portfolio benefits from long-dated leases with contractual upward-only rent increases, the rating agency says. Read More
(Alliance News) - Stocks in London are set to open lower on Thursday, after the US Federal Reserve lowered interest rates as expected and signalled one further reduction in 2026. Read More
(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) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News: Read More
Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium projects in Zimbabwe - While shareholders approve the disapplication of shares to allow it to proceed with phase 5 pre-production readiness, budgeted costs did not include operating costs under normal production after completion of phase 5. Therefore, conducts interim fundraise of GBP500,000 before expenses to support essential consumables at Zulu's camp, provide general working capital, and begin preparations for the Xinhai Flotation Plant. However, additional funding is still required for phase 5 and to settle debts. Also, creditor JR Goddard Contracting demands payment of USD2.3 million before enforcing a previously stayed judgement of USD2.5 million. At the time of the judgement, the total due amounted to just under USD4.0 million. Premier has since paid USD2.1 million in settlement of the judgement amount. Premier says funds are limited, and it must secure additional financing to meet its payment commitments and obligations. Notes there is no guarantee that such funding will be secured which could have a material adverse effect on both Zulu Lithium and the Premier as a whole which "could cast significant doubt" on its ability to continue as a going concern. Discussions with JR Goddard Contracting are ongoing and it is hopes to reach a commercial resolution. Read More
Minoan Group PLC - developing tourist resort in Crete - Enters into a conditional share purchase agreement with DAGG LLP for the purchase of subsidiary Loyalward Ltd, to be voted on at its annual general meeting on December 30. As part of the proposal DAGG would provide funds to settle Minoan's and Loyalward's debts. Also, seeks shareholder approval of an investigation into its former chair. Says in November 2024, certain creditors were issued shares in lieu of settlement monies being paid to them without their knowledge. Following the disposal, says remaining cash will permit operations to continue for 2-3 months while it explores legal action, but says this is insufficient time to settle with creditors, raise additional funds and clarify its financial position. Therefore, expects shares to be cancelled from AIM on January 5, 2026. "The board will seek to return any remaining cash to shareholders and liquidate the company unless there is interest in acquiring the AIM quoted cash shell," Minoan says. Read More
(Alliance News) - John Wood Group PLC on Wednesday said it has agreed to sell its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd, or United Infrastructure, for GBP57.5 million in cash. Read More
(Alliance News) - The FTSE 100 outperformed European peers on Wednesday as markets weigh future interest rate expectations ahead of the Federal Reserve's decision later in the day. Read More
(Alliance News) - WH Ireland Group PLC on Tuesday said revenue fell in the first half of the year as assets under management declined. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - TT Electronics PLC on Wednesday pushed back a shareholder vote on its agreed takeover by Cicor Technologies Ltd, granting investors more time for talks after major shareholder DBAY Advisors Ltd signalled it was considering a rival bid. Read More
(Alliance News) - Aterian PLC on Tuesday said it has struck an agreement which could see "next-generation" exploration firm Lithosquare SAS buy into some of its projects. Read More
(Alliance News) - Rebates paid by drugs firms to the UK's NHS are being cut by more than a third next year following the recent tariff deal with the US. Read More