Abenojar Tungsten announces initial public offering price range
(Alliance News) - Abenojar Tungsten PLC on Monday announced the price range of its planned initial public offering, with its debut expected next week. Read More
(Alliance News) - Abenojar Tungsten PLC on Monday announced the price range of its planned initial public offering, with its debut expected next week. Read More
(Alliance News) - Serica Energy PLC on Monday lowered its annual production forecast after extending maintenance at its Triton facility in the North Sea, but maintained its cash flow guidance amid strong gas prices and a more diversified portfolio. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday. Read More
(Alliance News) - Beeks Financial Cloud Group PLC reported annual revenue growth driven by key contract wins across its portfolio. Read More
Gamma Communications PLC - London-based cloud communications and voice services provider - Postpones general and court meetings scheduled for Tuesday to approve its takeover by Epiris GP III Ltd, saying that proxy votes have been received for less than 40% of its shares. Gamma says it believes the low participation so far is due to 50% of its shares being held by merger arbitrage funds that have only recently bought in. Acceptances of the Epiris offer represent only 0.1% of shares so far. The offer is 1,120 pence in cash, valuing Gamma's equity at GBP1.02 billion. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - ITM Power PLC on Monday said the outlook for green hydrogen remains "compelling", as it reported record annual revenue. Read More
Whitbread PLC - Dunstable, England-based operator of Premier Inn and other hospitality chains - Board repeats its recommendation for shareholders to reject the resolution proposed by shareholder Corvex Management LP at the general meeting Whitbread has called by November 9. Corvex, a 6.4% shareholder, back in September requisitioned the meeting to elect a Corvex partner, James Gemmel, to the Whitbread board. At the time, Corvex said Whitbread shares have underperformed peers and the wider market over multiple time horizons. The activist investor claimed that Whitbread's recent strategy review "failed to address Whitbread’s underlying challenges and was poorly received by the market". Read More
(Alliance News) - Tek 4 Holdco Ltd on Monday said it plans to raise GBP2.0 million through an initial public offering on London's AIM market next week, targeting a market capitalisation of GBP42.0 million. Read More
PureTech Health PLC - Boston, Massachusetts-based biotech and pharmaceutical company - Announces results from the first phase of the clinical trial of LYT-200, which will be presented at the European Society for Medical Oncology. LYT-200 is an antibody treatment designed to help the immune system recognise and fight cancer more effectively. The presentation will take place on October 23 in Madrid. Head of Oncology at PureTech and Chief Medical Officer Aleksandra Filipovic says: "Phase 1b results provide a strong foundation for the continued development of LYT-200." Read More
(Alliance News) - Stock prices in Europe opened lower on Monday, as traders digested another tech sell-off in New York, while dramatic events in France over the weekend hit shares in Paris, as well as those with exposure to the country. Read More
(Alliance News) - The Bank of England is examining whether traders at Barclays PLC misrepresented illiquid private credit loans to understate their risk after concerns were raised by an insider, the Financial Times reported on Monday. Read More
(Alliance News) - GSK PLC on Monday set out its first batch of global data for the risvutatug rezetecan drug. Read More
(Alliance News) - Volex PLC on Monday forecast first-half revenue growth of around 22%, although it cautioned that headline year-on-year growth rates have started to "normalise". Read More
Tesco PLC - Welwyn Garden City, England-based grocer - Announces continuation of its existing share buyback programme, launching a third tranche worth up to GBP200 million through an arrangement with Morgan Stanley & Co International PLC. The move follows Tesco's October 8 announcement that it would extend the programme by up to GBP200 million, raising the maximum aggregate value to GBP950 million. The programme is expected to conclude by April 2027. Tesco says the sole purpose of the repurchases is to reduce its share capital. Read More