(Alliance News) - Mayflower Acquisition Ltd on Friday began trading on the London Stock Exchange's Main Market after raising GBP500 million in its initial public offering. Read More
(Alliance News) - Stock prices in Europe opened in the green on Friday, but much like New York overnight, trade in London lacked a spark as investors look ahead to next week's US Federal Reserve decision. Read More
(Alliance News) - UK house prices were steady last month, while annual growth slowed, numbers from Halifax showed Friday. Read More
(Alliance News) - BAT has generated GBP315 million in proceeds from the sale of shares in an investee, Unilever's ice cream arm is to debut on the stock exchange next week, while Ocado is to receive a one-off payment from partner Kroger which last month announced warehouse closures. Read More
British American Tobacco PLC - London-based maker of cigarette and vaping products - Nets INR38.2 billion, about GBP315 million, as it completes block trade of 187.5 million shares in ITC Hotels Ltd through an accelerated bookbuild. The shares sold represent a 9% stake in ITC Hotels. BAT retains a 6.3% stake in ITC Hotels. BAT had said on Thursday that it planned to sell between 7% and its entire 15.3% stake in ITC Hotels. BAT has had that shareholding in ITC Hotels since its demerger from ITC Ltd, a Kolkata-based conglomerate with businesses across India's consumer goods sector. ITC Hotels has been trading as a publicly-listed entity since January this year. Read More
(Alliance News) - BHP Group Ltd on Friday said the Federal Court of Australia has approved a settlement linked to the Brazilian dam collapse. Read More
(Alliance News) - Stocks in London are set to open flat on Friday, as eyes turn to next week's Federal Reserve decision. 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) - BHP Group Ltd and Rio Tinto PLC on Friday welcomed the arrival of Caterpillar Inc's first battery‑electric haul trucks to Australia's Pilbara region, marking the start of on‑site trials of heavy‑duty electric mining technology. Read More
Shell PLC - London based oil and gas exploration company - Shell Brasil secures additional equity in Brazil's pre-salt oil projects following an auction led by Pre-Sal Petroleo. Together with Petrobras, Shell Brasil deepened its stake in Atapu and Mero units, acquiring just under 27% of Atapu Open acreage and 20% of Mero Open acreage. With this acquisition, Shell Brasil increases its participating interest in the units from 16.6% to 16.9% in Atapu and from 19.3% to 20% in Mero. Both projects are located in the offshore Santos Basin. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Power Probe PLC on Thursday said it expects to float on London's AIM market on Thursday next week, with preparations for admission at an advanced stage. Read More
(Alliance News) - Big Yellow Group PLC on Thursday said talks with Blackstone Europe LLP regarding a possible bid had ended. Read More
Albion Enterprise VCT PLC - London-based investor focused on longer term capital growth - Publishes results for the six months to September 30. Net asset value per share is 112.72 pence compared to 116.22p at March 31. Total loss is GBP1.5 million, swung from a GBP9.5 million gain in the year prior. Dividend is 2.91 pence, down from 3.14p. Declares second dividend for year to March 2026 of 2.82 pence compared to 3.28p a year prior. Looking ahead, says it maintains "a diversified portfolio of growth focused companies," many of which "demonstrated resilience in challenging conditions". Remains confident in the long term potential of its portfolio. "Our investment strategy remains focused on supporting high potential, early stage businesses, and we continue to see attractive opportunities in sectors aligned with growth trends driven by innovative technology," Albion adds. Read More
Gelion PLC - London-based battery energy storage systems firm - Achieves major technical milestone in the development of its next-generation sulfur battery technology, calling it "a major step" towards delivering high-energy-density, low-cost sulfur-based batteries for e-aviation, electric mobility, stationary storage and other commercial applications. Specifically, Gelion says its proprietary cathode active material crosses the 4Q threshold, demonstrating stable cycling with the industry-recognised 4Q areal capacity in coin cells, the industry-standard platform for evaluating new battery materials. This follows the successful technology transfer from the Max Planck Institute of Colloids and Interfaces and the Gelion CAM scale-up announced in September. Gelion says the achievement directly supports its energy-density and cost objectives for next-generation sulfur-based batteries. Read More