CORRECT: AB Foods says Primark CEO leaves after investigation
31st Mar 2025 09:20
(Clarifying that John Wood Group announced the independent review by Deloitte in November.) Read More
(Clarifying that John Wood Group announced the independent review by Deloitte in November.) Read More
(Alliance News) - Associated British Foods PLC on Monday said Paul Marchant has resigned as chief executive of fast fashion retailer Primark with immediate effect after a complaint about his behaviour. Read More
(Correcting the share price quotes are for Monday morning.) Read More
(Alliance News) - European equities opened lower on Monday, kicking off the week on the back foot ahead of a planned announcement on reciprocal tariffs from Donald Trump's administration in the US. Read More
(Alliance News) - Kore Potash PLC on Monday said it intends to raise additional capital towards the end of this year after suffering another annual loss. Read More
(Alliance News) - Jubilee Metals Group PLC on Monday report sharply lower half-year profit following severe power disruptions in Zambia and mounting costs. Read More
(Alliance News) - Troubled utility Thames Water has chosen New York-based private equity firm Kohlberg Kravis Roberts, KKR, as its preferred bidder as it looks to secure a buyer to help stabilise its finances. Read More
(Alliance News) - Stocks in London are called to open lower at the start of the week, after equities in New York slumped on Friday, and counterparts in Asia fell sharply on Monday. Read More
(Alliance News) - UK Prime Minister Keir Starmer and US President Donald Trump have agreed on the need to "keep up the collective pressure on Putin" during a phone call, Downing Street said. Read More
(Alliance News) - Stocks in London are set to open lower on Monday, with markets gripped by tariff worry. Read More
Manolete Partners PLC - Buckinghamshire, England-based insolvency litigation financing firm - Signs new revolving credit facility with HSBC UK Bank PLC for the same level of GBP17.5 million as its previous arrangement, but with a reduced margin charged. Says the margin charged on the new RCF is 4.0% over the Sterling Overnight Index Average. Previously this was 4.7%, says Manolete. Notes that the new facility has a reduced non-utilisation fee of 1.40%, down from 1.88%. Adds that it is a 3.25-year facility with an initial maturity of June 27, 2028, with the option to extend by a year. Chief Executive Steven Cooklin says: "We are delighted to have secured a new long-term commitment to the business from HSBC, which is testament to the strong partnership we have established since 2018. The improved terms of the facility demonstrate confidence in the Manolete business." Read More
(Alliance News) - In a shake-up of long-standing travel rules, European nationals heading to the UK will from Wednesday need a mandatory entry permit, which the British government says will strengthen border security. 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) - Some home buyers putting in offers from Tuesday may ask to split the cost of higher stamp duty rates with sellers, a property market expert has said. Read More
(Alliance News) - Engineering firm Smiths Group PLC has expanded its manufacturing of US chip test products in the face of possible tariffs, the Financial Times reported on Sunday. Read More