(Alliance News) - London stocks are called to open higher on Friday, as gold reaches new record highs and investors begin to digest an upwardly revised UK economic growth reading. Read More
(Alliance News) - The UK's estimated economic growth for 2024 was revised upwards, data published by the Office for National Statistics showed Friday. Read More
(Alliance News) - UK retail sales outperformed the market consensus for February, numbers from the Office for National Statistics showed on Friday. Read More
EnSilica PLC - Oxford, England-based maker of mixed-signal application-specific integrated circuits - Secures design and supply contract from an unnamed "leading" European supplier of electromechanical products, for an Arm chip-based mixed signal interface Asic. The intended use is across automotive and industrial applications. Contract value includes non-recurring engineering payments and supply revenue, says EnSilica, estimated to exceed USD18 million over seven years. The contract starts in April, with supply revenue forecast to commence in 2027. The deal "materially increases" EnSilica's chip supply pipeline, it says, now valued in excess of USD250 million. Notes that this pipeline total refers to the total expected lifetime chip supply revenue secured under customer contracts. Read More
(Alliance News) - Stocks in London are set to open higher on Friday after softening on Thursday in the wake of new US tariffs on the car industry, as gold reaches a new record high but the pound shrinks again against the US dollar. 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) - Households in the UK are about to see across-the-board increases to their bills as "awful April" heralds the start of price hikes on everything from energy to council tax. Read More
(Alliance News) - Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling controversial car loans are unlawful, in a case beginning in April. Read More
Katoro Gold PLC - Tanzania and South Africa-focused minerals exploration and development company - Provides update relating to the company's critical minerals exploration portfolio in Ontario, Canada. Says the 100%-owned Iva Lithium Project has been expanded to include newly interpreted pegmatite targets prospective for the mineralisation of lithium-bearing minerals over a trend extending 5.5 km. Read More
React Group PLC - Birmingham, England-based provider of cleaning and soft facilities management services - Tells shareholders at Thursday's annual general meeting that it is "continuing to perform well in challenging market conditions". Sales and marketing initiatives have yielded positive returns across each of the divisions and the ongoing pipeline of new business remains robust, company says. Particularly pleased with the resilient performance and integration of the recently acquired 24 hour Aquaflow Services which completed at the end of October last year. Continues to benefit from the considerable cross-selling and upselling opportunities between each division. Whilst the uncertain macroeconomic backdrop has resulted in reduced frequencies of certain contracts, strong underlying demand remains. "Remains mindful of the market headwinds highlighted in its FY24 results but continues to have confidence in the resilience of our divisions." Read More
BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of real-time technologies for networking solutions and medical laboratory systems - Announces that its Edgility edge virtualisation and management platform has been selected by Telecomunicaçoes Brasileiras SA, a Brazilian telecommunications company that implements the federal government's communication network and supports public broadband policies as well as serving the enterprise market. Telebras is a publicly-held, mixed-economy corporation linked to the Ministry of Communications of Brazil. Read More
Naked Wines PLC - Norwich, England-based online wine seller - sets out a new strategic plan. Will now target GBP10 million to GBP15 million in annual earnings before interest, tax, depreciation and amortisation, against GBP5.0 million in adjusted Ebit in financial 2024 and GBP15.9 million in financial 2023. This goal is to be supported by GBP23 million in newly identified annualised cost savings, creating up to GBP30 million in additional net cash. Naked Wines is also aiming to deliver sustainable underlying revenue growth, with a 5% to 10% exit growth rate. Revenue is expected to stabilise at GBP200 million to GBP225 million by financial 2029. The firm is also prioritising reaching GBP75 million in cash from the March 2025 balance sheet, which will be delivered over the medium term largely by liquidating GBP40 million in excess inventory. Read More
Tissue Regenix Group PLC - Leeds, England-based regenerative medical devices company - Says European Patent Office grants European patent (EP4114476) for its decellularisation technology, dCELL. The patent relates to the method for producing decellularisation tissue scaffold which is a foundation for Tissue Regenix's platform and plays a pivotal role in the development of its product range. This patent adds to those the company already has granted in the US and UK for dCELL. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies and specialist merchanting firm - Updates on trading at Thursday's annual general meeting. Says trading over the first four months of the financial year has been in line with the board's expectations and is slightly ahead of the same period last year. Farmgate prices are trending more favourably across most categories, which has helped farmer sentiment. This should also partially offset a loss of confidence by farmers in the ongoing level of governmental financial support as the industry continues to transition away from European Union era schemes. Read More
(Alliance News) - Allergy Therapeutics PLC on Thursday said its peanut allergy vaccine trial has entered the final treatment phase. Read More