(Alliance News) - PPHE Hotel Group Ltd on Friday launched a strategic review and formal sale process that could result in the acquisition of the company. Read More
(Alliance News) - Asos PLC on Friday said its annual loss narrowed, despite falling sales, as margins improved reflecting a "higher full-price sales mix and lower markdown activity". Read More
(Alliance News) - European markets struggled, while Asian equities slumped after a reversal in sentiment in New York overnight saw stocks there end sharply in the red. Read More
Frasers Group PLC - Shirebrook, England-based owner of multiple retailers - Buys Braehead shopping centre in Glasgow, Scotland. In an announcement after the London market close on Thursday, the company notes that Braehead has an annual footfall of over 15 million visitors and totals over one million square feet, serving the UK's largest retail spend catchment outside of London. Frasers doesn't provide the purchase price or any other financial details. Read More
(Alliance News) - Jubilee Metals Group PLC reported on Friday its copper production surged in the first quarter of its financial year as its open-pit copper mine expanded and plants operated a full capacity. Read More
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes its acquisition of a business park in Feldkirchen, Munich, for EUR43.7 million. Feldkirchen business park generates EUR3.4 million of annualised rent roll per annum and is 94% occupied. The purchase terms reflect an EPRA net initial yield of 7.8%. The asset is anchored by Excelitas, a designer and manufacturer of high-performance optical and photonic solutions for defence, aerospace, medical and industrial applications. Sirius first announced this deal last month. Following this transaction, Sirius has acquired around EUR340 million of income-producing assets across the UK and Germany so far in 2025. Read More
(Alliance News) - Babcock reports a rise in half-year earnings, Asos says lower markdown activity helped narrows its annual loss, while PPHE has kicked off a strategic review. Elsewhere, Inspecs has received bid interest. Read More
(Alliance News) - UK household energy bills are set to rise by 0.2% from January 1 after Ofgem increased its next price cap. Read More
(Alliance News) - UK public sector borrowing was higher than expected last month, numbers on Friday showed, ahead of next week's government budget. Read More
HC Slingsby PLC - Shipley, West Yorkshire-based distributor of industrial and commercial equipment - Calls general meeting of shareholders for December 15 to approve the company's proposal to cancel its listing on the AIM market in London, saying it is in the "best interests of the company and its shareholders". HC Slingsby, which was founded in 1893, says the plan already has support from shareholders representing 73% of the total. The proposal needs 75% approval to pass at the GM. Read More
(Alliance News) - Stocks in London are set to open sharply lower on Friday, after a massive swing to the red in New York overnight, with sentiment still tetchy amid tech sector worries. 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) - GSK PLC on Thursday announced that its subsidiary Tesaro has filed a lawsuit against AnaptysBio Inc, alleging material breach of their license agreement. Read More
(Alliance News) - UK consumer confidence has fallen across all measures as the public braces for difficult news in next week's government budget, figures show. Read More
Inspecs Group PLC - Bath, England-based producer of eyewear solutions, including eyewear frames, low-vision aids, and lenses - Provides a trading update for the 10 months ended October. Says trading improved in October after being "slightly behind plan" in the first two months of the second half of the year. Notes Tura recorded stronger than expected sales and order books at the end of October are 10% up on prior year. However, ongoing US tariff disruption and continuing weak macroeconomic environment are expected to impact the timing of product shipments, in particular from Killine. As a result Inspecs now expects to report revenue of GBP191 million and underlying earnings before interest, tax, depreciation and amortisation of GBP17.7 million in 2025. In 2024, Inspecs reports revenue of GBP198.3 million and underlying Ebitda of GBP17.6 million. Read More