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Lastest Finance News

Ryanair and Wizz Air carry more passengers in May, note strike impact

2nd Jun 2023 07:47

(Alliance News) - European budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Friday said they carried more passengers last month than in April and a year before. Read More

IN BRIEF: Origin Enterprises buys British Hardwood Tree Nursery

2nd Jun 2023 07:41

Origin Enterprises PLC - Dublin-based agronomy services - Acquires British Hardwood Tree Nursery Ltd. Lincolnshire, England-based BHT is a wholesale supplier of bare root plants, shrubs, hedgerow plants and planting accessories to the forestry, farming, estate management, corporate and landscaping sectors. Origin provides no financial details of the purchase or of BHT. "The addition of British Hardwood Tree Nursery complements recent acquisitions and further strengthens the group's amenity, environmental and ecological portfolio," says Origin Chief Executive Officer Sean Coyle. "Tree planting will continue to play an important role to help tackle climate change and restore biodiversity." Read More

IN BRIEF: China Nonferrous Gold appoints Zhishuo as managing director

2nd Jun 2023 07:21

China Nonferrous Gold Ltd - mineral exploration and development company operating Pakrut gold project in Tajikistan - Executive Director & Managing Director Zhang Hui resigns from roles, effective May 30. Company appoints Feng Zhishuo for both roles with effect from same day. Feng from 2013 to 2018 worked as manager of Technical Department and as acting general manager of China Nonferrous Kabwe Mining Co Ltd (Zambia) and from 2018 to 2019 as geology director of Southeast Orebody of NFC Africa Mining PLC (Zambia). Read More

LONDON MARKET EARLY CALL: Stocks called up as US averts debt default

2nd Jun 2023 06:59

(Alliance News) - Stocks in London were set to open higher on Friday, after the Senate passed legislation allowing the US to avoid an unprecedented debt default, prompting strong market gains in Asia. Read More

Alliance News UK - start of day

2nd Jun 2023 06:30

(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

IAG's British Airways fined USD1.1 million in US over Covid refunds

2nd Jun 2023 05:55

(Alliance News) - International Consolidated Airlines Group SA's British Airways has been fined almost GBP1 million by the US government over claims it failed to pay refunds for cancelled flights. Read More

UK rail passengers face travel disruption amid more strike action

2nd Jun 2023 05:52

(Alliance News) - Strikes by railway workers in Englandwill continue on Friday, causing fresh travel disruption for passengers. Read More

IN BRIEF: Crimson Tide rejigs board, names new finance director

1st Jun 2023 19:45

Crimson Tide PLC - Kent-based software developer - Says Janet Morris and Stephen Brewer will join the board as independent non-executive directors, and Shaun Mullen, currently head of finance, will join the board as finance director. Appointments effective from June 20 after the annual general meeting. Adds Stephen Goodwin and Tony Knowles, non-executive directors of the company, are retiring, and Peter Hurter, finance director, will leave the company to pursue other career opportunities. Notes Thomas England will step down from the board to join a newly formed operating board. Read More

IN BRIEF: Helios Underwriting mid-point forecast shows stronger market

1st Jun 2023 19:44

Helios Underwriting PLC - London-based limited liability vehicles investment company - Reports the initial mid-point profit forecast for 2022 of 5.7% compares to 3.9% in 2021, a recognition of stronger market conditions. Says this, compounded by Helios' increased retained capacity results in the recognition of additional after tax underwriting profits to be earned of 20 pence per share in the future. Read More

IN BRIEF: Golden Metal results identifies Carlin-type gold targets

1st Jun 2023 19:43

Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Announces exploration results from its Golconda Summit gold project in Nevada. Says rock sampling results returned significant arsenic anomalism, the main alteration element associated with Carlin-type gold systems. Explains results further suggest the presence of a "feeder zone" and therefore the possibility that a Carlin-type gold system may exist within the project at depth. Chief Executive Oliver Friesen says: "The results presented today give further support that a significant Carlin-type gold system may be present within the project." Read More

IN BRIEF: ECSC says hearing scheduled for June 20 to effect takeover

1st Jun 2023 19:42

ECSC Group PLC - Bradford, England-based cybersecurity company - Confirms that the court sanction hearing has been scheduled for June 20 to effect the takeover by Daisy Corporate Services Trading Ltd, announced in March. Adds the scheme to approve the takeover is expected to become effective on 22 June 2023. Read More

IN BRIEF: i3 Energy says time to claim shares from Toscan deal expired

1st Jun 2023 18:22

i3 Energy PLC - Hampshire, England-based oil and gas company has assets and operations in the UK and Canada - Announces that the time limit for shareholders in Toscana Energy Income Corp to claim their shares in the company from Odyssey Trust Co following the acquisition of Toscana has now expired. At the time of expiry, Odyssey held 25,503 shares in i3 which have now been cancelled. Read More

IN BRIEF: Silver Bullet raises GBP500,000 via convertible loan offer

1st Jun 2023 18:07

Silver Bullet Data Services Group PLC - provider of digital transformation services and products - Raises GBP500,000 via the issue of convertible loan notes to provide additional working capital to support the significant growth in sales of 4D and its services offering. Points out that, particularly in the current macroeconomic climate, a number of clients often demand lengthy payment terms. Believes the additional capital will enable the company to continue its strong growth and path to profitability and cash flow positivity. Notes the convertible loan notes have a term of three years and attract interest at a rate of 12% per annum. Read More

DIRECTOR DEALINGS: Diversified Energy CEO buys shares worth GBP62,523

1st Jun 2023 17:53

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Rockfire Resources receives investment from Paloma Precious

1st Jun 2023 17:52

Rockfire Resources PLC - base metal, gold and critical mineral exploration company - Raises GBP880,000 through Paloma Precious DMCC subscribing for 400 million shares at GBP0.22 per share. Believes this long-term partnership is a very logical one, particularly with the increasing demand for silver in the solar energy industry. Proceeds will allow the start of resource upgrade drilling at Molaoi and an updated mineral resource, company says. Following the subscription, Paloma holds 22% of Rockfire. David Price Chief Executive says: "The company is pleased to confirm it now has sufficient funds to commence the resource upgrade drilling, as well as delivering an updated JORC resource estimate." Read More

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