LONDON BRIEFING: Halma ups view; JD Sports "mindful" of consumer woe
(Alliance News) - Halma says it has raised its earnings outlook, while JD Sports expects an outcome at the lower end of expectations. Read More
(Alliance News) - Halma says it has raised its earnings outlook, while JD Sports expects an outcome at the lower end of expectations. Read More
(Alliance News) - The FTSE 100 is set to open higher on Thursday, as the Nvidia earnings calmed tech sector nerves, helping to snap losing streaks for stocks in Tokyo and Sydney. 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
Likewise Group PLC - Birmingham, England-based floor coverings distributor - Reports trading update for the current financial year ending December. Sales continue to increase in the second half by 7.4% with a new record month in October resulting in year to date sales increasing by 8.9%. Likewise Floors sales up 13% to end-October in challenging markets, compounded by the hottest summer on record. But warns underlying pretax profit will fall short of current market forecasts due to increased costs and an imbalance in the revenue increases across the group. Profit will, however, be "significantly" ahead of previous years. Still well "on course" to achieve medium term objectives including growth in both sales revenue and profitability in 2026. Read More
All Things Considered Group PLC - London-based music talent management, live booking and merchandising firm - Plans to raise GBP8.6 million via placing and subscription at 125 pence per share. In addition, ATC applies for shares to be admitted to trading on AIM and, at the same time, the admission of shares to the Aquis Growth Market will be withdrawn. Proceeds will provide additional working capital and a strengthened balance sheet to continue ATC's growth strategy, and primarily be used to: build upon the existing relationships with over 900 artists by bringing in new managers, agents and artist clients; invest in technology infrastructure and data integration to enable the delivery of enhanced 'direct-to-fan' services on behalf of artists; strengthen the management team, for additional expertise and bandwidth as the group expands; and further develop the merchandise and wider service operations. Admission to AIM is expected to occur on or around December 17. Read More
(Alliance News) - eDreams ODIGEO on Wednesday evening accused Ryanair of "abusive, unlawful, and anti-competitive" practices against travel agents, after the budget airline accused it of overcharging customers. Read More
Schneider Electric SE - Rueil-Malmaison, France-based energy technology company and Marks & Spencer Group PLC - London-based retailer - Marks & Spencer PLC launches the RE:Spark supply chain decarbonisation programme developed with Schneider. The programme accelerates the adoption of renewable electricity across its supply chain as part of the Plan A sustainability strategy. M&S aims to achieve net zero emissions by 2040. Read More
(Alliance News) - The FTSE 100 extended recent falls on Wednesday as investors weighed cooling inflation in the UK and looked ahead to earnings from Nvidia after the US market close. Read More
(Alliance News) - Ryanair Holdings PLC on Wednesday called on eDreams ODIGEO to explain itself after the Spanish travel agency accused it of "blocking efforts" while lowering earnings guidance. Read More
S&P Global Ratings upgrades Old Mutual Ltd's national scale credit rating to 'zaAA+/zaA-1' from 'zaA+/zaA-1'. Also raises global scale rating of Old Mutual Life Assurance Co (South Africa) Ltd to 'BB+' from 'BB', with a positive outlook. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Empyrean Energy PLC on Wednesday said Conrad Asia Energy Ltd and its subsidiary have secured a farm-down and funding from PT Nations Natuna Barat for the Mako gas field in the Duyung production sharing contract. Read More
(Alliance News) - Amaroq Ltd on Wednesday said it has secured improved terms on its debt financing package with Icelandic lender Landsbankinn, extending the facility's maturity by 14 months and introducing lower interest margins linked to earnings performance. Read More