(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
(Alliance News) - NCC Group PLC on Friday said it has completed the disposal of the Fox Crypto BV as part of its European Cyber division in the Netherlands for EUR78.5 million to CR Group Nordic AB. Read More
(Alliance News) - GCM Resources PLC on Friday said it has conditionally raised GBP1.0 million through a placing of new shares. Read More
Mercantile Investment Trust PLC - London-based investment company focused on medium and smaller sized companies in the UK - Declares fourth quarterly interim dividend of 3.40 pence per share, to be paid on May 16. Brings the total dividend for the 12 months to the end of January 2025 to 7.90 pence, up 3.3% from 7.65 pence in the 2024 financial year. Read More
Milton Capital PLC - Special purpose acquisition company seeking opportunities in the energy sector - Agrees to extended exclusivity agreement for the potential acquisition of certain Horizon Energy Global Corp subsidiaries until the end of May. The companies had in February extended the agreement until the end of March. The energy transition company Horizon seeks to divest its European assets from its core North American domestic business. It says Horizon believes "a business combination with Milton will provide its shareholders with the best opportunity to progress these assets". Milton's board believes assets represent an "outstanding opportunity with high prospectivity". Read More
Block Energy PLC - Georgia-focused oil and gas company - Announce the acquisition of a 10% participating interest in the XIQ Production Sharing Contract in Georgia. The deal has an option to increase to 22%. The site is "highly prospective," and contains mean unrisked recoverable prospective resources of 451.5 million barrels of oil and 823.3 billion cubic feet of gas. Company says its key target is the Martkopi Terrace prospect with 267.2 mmbbl mean unrisked recoverable prospective resources. The first-year work programme includes re-entry of the Martkopi-10 well and an environmental baseline study. Block Energy says farmout discussions are ongoing as third parties consider seismic and drilling works programmes. The asset has been purchased with existing cash resources. XIQ PSC is operated by Georgian Oil and Gas Ltd alongside the state-owned Georgian Oil and Gas Corp. Read More
(Alliance News) - The FTSE 100 outperformed as equities struggled on Friday, with tariff and inflation worries keeping enthusiasm to a minimum. Read More