(Alliance News) - Shares in STV Group PLC plummeted on Monday after it warned full-year revenue and adjusted operating profit are expected to be materially below consensus. Read More
(Alliance News) - FirstGroup PLC on Monday said it has bought Leeds-based bus operator Tetley's Motor Services Ltd for an undisclosed amount. Read More
(Alliance News) - Cranswick PLC on Monday said it has started its financial year strongly, and it expects annual results in line with market expectations. Read More
(Alliance News) - Equities in Europe started the week strongly, after the US and EU agreed a trade deal and on hope that the Donald Trump administration can extend a tariff pause with China. Read More
(Alliance News) - Nearly 50,000 UK companies are on the brink of collapse with retailers and hospitality firms among the hardest hit as rising wage costs due to budget measures put small firms under "immense strain", according to a report. Read More
Reckitt Benckiser Group PLC - Slough, Berkshire-based heath and hygiene consumer products - Starts on Monday the GBP1 billion share buyback programme it announced last week. The entire buyback will be completed within the next 12 months. The first tranche of GBP250 million in buybacks will be run by RBC Europe Ltd and be completed by October 31. All of the repurchased shares will be cancelled, Reckitt says, with the buyback intended to increase returns to shareholders and reduce the share capital of the company. Reckitt also last week declared an 84.4 pence per share cash dividend for the first half of 2025, up 5.0% from 80.4p a year before. Read More
(Alliance News) - Computacenter PLC on Monday said softer trading in Germany and France and increased investment means first half adjusted profit would be only slightly ahead of a year ago. Read More
Tesco PLC - Welwyn Garden City, England-based food retailer - Enters agreement with Goldman Sachs International to run the second tranche of its GBP1.45 billion share buyback programme. The second tranche will be worth GBP500 million. On Friday, it completed the previous tranche of the buyback, which was worth GBP700 million. The first tranche was run by Citigroup Global Markets Ltd. All shares repurchased will be cancelled to reduce capital. Read More
(Alliance News) - AstraZeneca PLC on Monday said the US Food & Drug Administration has granted priority review for its immunotherapy drug Imfinzi for some cancer forms. Read More
(Alliance News) - Keir Starmer is expected to raise the prospect of reviving ceasefire talks between Israel and Hamas and the future of tariffs on British steel as he meets Donald Trump in Scotland. Read More
(Alliance News) - GSK PLC on Monday said it has teamed up with China's Jiangsu Hengrui Pharmaceuticals Co Ltd in a deal worth up to USD12 billion to develop 12 medicines. Read More
NatWest Group PLC - Edinburgh-based lender - Announces the commencement of its buyback programme announced with its half-year results on Friday. The buyback, worth up to GBP750 million, starts on Monday and will end by February 13 next year, NatWest says. Adds that the programme "may be extended to end no later than March 13, to account for any days where usual trading has not been possible because of market events". The repurchased shares will be cancelled. NatWest has shareholder authority to buyback a maximum of 807.8 million shares, 10% of its total. The company has a market capitalisation of GBP42.36 billion, so a GBP750 million buyback is about 1.8% of that. Read More
(Alliance News) - Valterra Platinum Ltd on Monday reported a drop in interim profit due in part to one-off costs of its demerger from parent Anglo American PLC, but also due sharply lower production. Read More
(Alliance News) - GSK announced a partnership with China's Hengrui, Cranswick said it expects results in line with market expectations, while STV warned of an annual outcome below consensus. Read More
(Alliance News) - Stocks in London are set to open higher at the start of the week, with risk sentiment supported by the announcement of a US-EU trade agreement. Read More