UK car market set for strongest year since before Covid pandemic
(Alliance News) - The UK's car market is on track for its strongest year since before the coronavirus pandemic, according to new analysis. Read More
(Alliance News) - The UK's car market is on track for its strongest year since before the coronavirus pandemic, according to new analysis. Read More
(Alliance News) - AstraZeneca raised its dividend as drug growth pushed earnings higher, Barclays launched a new buyback programme after profit jumped while Greggs saw profit fall despite higher sales. Read More
(Alliance News) - Stocks in London are set to open higher on Tuesday, ahead of a busy day of results for some of London's largest companies. 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) - Shareholders in Wise PLC on Monday backed plans to shift the fintech’s primary listing from London to New York. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Catenai PLC - London-based digital media and technology company - Appoints Appold Associates Ltd as its professional advisor to its bitcoin treasury function. Notes Appold's strong track record in institutional digital asset strategy and treasury management. Says it will support the company with the implementation of a secure and compliant bitcoin treasury strategy. Adds that BitGo will serve as official custodian through BitGo Trust Company Inc. "It is important to have strong foundations for our Treasury function. Appold and BitGo provide that, and we will update on further progress soon," says Chief Executive John Farthing. Read More
(Alliance News) - The FTSE 100 gave up early gains to close lower on Monday as an initial positive reaction to the EU-US trade deal was followed by caution ahead of a pivotal week of data, earnings and central bank meetings. Read More
Active Energy Group PLC - London-based biomass-focused renewable energy developer - Shifts toward a more balanced exposure to digital assets. Notes initial focus on bitcoin, with the revised approach prioritising an equal allocation between ethereum and solana for its discretionary allocation. Notes their prominence as platforms supporting smart contracts and decentralised infrastructure. Says the decision reflects its understanding of the compelling, long-term potential of the assets as foundational technologies in the evolving digital economy. Adds that it may adjust proportional exposure over time owing to market developments, utility-based use cases and treasury performance. Says bitcoin and other digital assets will remain under periodic review for strategic holding. Read More
Ajax Resources PLC - London-headquartered natural resources investment company - Closes second round of subscription announced back in May 2023. Raises GBP200,000 total through issue of 4.4m shares at price of 4.5 pence per share, by way of subscription. Proceeds earmarked for additional exploration work at newly acquired Eureka project. Read More
(Alliance News) - Pensana PLC on Monday said construction progress on the Longonjo rare earth project in Angola is on track to meet the capital cost schedule. Read More
Cordel Group PLC - London-based transport corridor analytics platform - Releases its 'PTC Asset Connect' positive train control system. The product uses multimodal artificial intelligence to automatically detect and locate trackside assets, "significantly reducing labour costs and human error in the asset inventory processes" by eliminating the need for more time-consuming manual surveys. Says it locates assets with "unprecedented automation and accuracy". "Railways can ensure compliance with PTC requirements and improve overall asset management efficiency with access to a comprehensive, up-to-date database," Cordel adds. Read More
(Alliance News) - Westminster Group PLC on Monday said it has established a new Cyber & Defence Technology division to service government and corporate customers. Read More
(Alliance News) - Marula Mining PLC on Monday announced a memorandum of understanding with the Geological Society of Kenya, and a research partnership with Jomo Kenyatta University of Agriculture & Technology. Read More
Kenmare Resources PLC - Mozambique-focused producer of titanium minerals and zircon - Announces safe landing of the second of its new high-capacity dredges at the Moma Titanium Minerals mine in northern Mozambique. The new dredges are part of the upgrade of the firm's largest mining plant, Wet Concentrator Plant A. Chief Operations Officer Ben Baxter says: "With the two new dredges now safely at Moma, all the key components required for the upgrade of WCP A are on site. This represents another important milestone in the progressive de-risking of this project. The connection of the new dredges and feed preparation module to WCP A is on track to commence later this quarter and we will provide further updates to the market as project execution continues." Read More