(Alliance News) - Stock prices in Europe moved higher on Tuesday, aided by slimmer government bond yields and shaking off a decline in tech stocks in the US and Asia overnight. Read More
(Alliance News) - Voltage X Ltd on Tuesday announced it plans an initial public offering on London's AIM market by the end of October. Read More
(Alliance News) - IntegraFin PLC on Tuesday said it expects recent strong momentum to continue, following robust net inflows and funds under direction growth. Read More
EnergyPathways PLC - West Sussex, England-based energy infrastructure projects – Shares resume trading in London on Tuesday, after EnergyPathways raises GBP1.8 million from a placing of 30.4 million new shares at 5.75 pence each with a single institutional investor. The company had made use to the AIM market's capital access window to suspend trading in its shares during the equity raise. EnergyPathways says the investor asked to invest in the company on a "sole basis". The fresh cash will be used to accelerate the company's Mesh project by acquiring some land, existing pipelines and technical data. The Marram energy storage hub is located in the east Irish Sea about 11 miles off the Lancashire coast. The compressed air, gas and hydrogen storage facility will allow for more flexible use of renewable energy in the UK. Read More
Ahold Delhaize NV - Zaandam, Netherlands-based supermarket operator - Says shareholders approve the appointment of Kingfisher PLC Chief Executive Officer Thierry Garnier to its management board at an extraordinary general meeting on Tuesday. Garnier will succeed Frans Muller as president & chief executive officer in 2027, with the exact date to be determined by the supervisory board. Shareholders also appoint Claire Peters, CEO of Ahold Delhaize USA, and Margaret Versteden-Van Duijn, CEO of Ahold Delhaize Europe & Indonesia, to the management board. Both have already assumed their executive roles. Meanwhile, Edmond Mesrobian joins the supervisory board. Supervisory Board Chair Wiebe Draijer says Garnier brings "a strong track record in retail and digital transformation" and will build on the group's existing strategy. Kingfisher meanwhile said it hired Sebastian Gundel as its new chief executive, starting on February 1. Read More
(Alliance News) - YouGov PLC on Tuesday said it is confident of meeting market expectations for future growth, after reporting "a good performance" in its latest financial year. Read More
(Alliance News) - Plus500 Ltd on Tuesday reported a new acquisition, intended to support growth in the US market, and said it plans to launch a new app next year. Read More
Built Cybernetics PLC - London-based 'smart building' technology - Shares resume trading in London on Tuesday, after Built Cybernetics raises GBP3.1 million in total from a placing, subscription and retail offer of shares at 1.5 pence each to support its reverse takeover. The company had made use to the AIM market's capital access window to suspend trading in its shares during the equity raise. Built Cybernetics will issue 410.3 million new shares in total, including consideration shares issued for its all-share reverse takeover of Ecolibrium Inc. Read More
(Alliance News) - Oxford Instruments PLC on Tuesday said it expects full-year results to be in line with market expectations following strong first-half order growth. Read More
Verici Dx PLC - Cardiff, Wales-based developer of suite of tests for kidney transplant response risk - Shares resume trading in London on Tuesday, after Verici Dx raises GBP8.8 million in total from a placing and retail offer of shares, double its previous market capitalisation. The company had made use to the AIM market's capital access window to suspend trading in its shares during the equity raise. Verici Dx raised GBP8.5 million from a placing of 4.25 billion shares and retail offer of 125.0 million shares, both at 0.20 pence each. The placing is run by Singer Capital Markets and Oberon Capital, and the retail offer is via the Winterflood retail access platform. Read More
(Alliance News) - Legal challenges to the GBP9.1 billion UK motor finance compensation scheme will be heard in court next February, the UK's financial regulator has said. Read More
(Alliance News) - Michael Page PLC on Tuesday backed its annual guidance but warned there remains a "significant degree of uncertainty," despite continued improvement in a number of its markets. Read More
Land Securities Group PLC - London-based property development and investment - Buys an additional 10% stake in the Bluewater mall for GBP95 million, raising its stake to 74%. Bluewater is located in a former quarry in Kent, on the eastern outskirts of London. It is one of the UK's top-10 retail destinations, Landsec says, noting that retail sales and footfall were up 7.4% and 3.0% on year, respectively, at Bluewater in the five months to August 31. The company doesn't on Tuesday say from whom it bought the additional 10% stake, nor who owns the remaining 26%. In 2024, Landsec bought a 17.5% stake in Bluewater from Singapore sovereign wealth fund GIC Pte Ltd, increasing its ownership at the time to just over 66%. It said the yield on its additional GBP95 million investment is 7.4%, based on net rental income. Earlier this month, Landsec spent GBP516 million to buy the Metrocentre shopping centre in Gateshead, north east England, funding by a GBP500 million equity issue. Read More
(Alliance News) - Melrose Industries PLC on Tuesday said that US authorities had begun the process of winding up their investigation into one of the company's sites in California, after a major safety incident in May. Read More
(Alliance News) - Meantime Resources PLC on Tuesday started trading on London's AIM market. Read More