(Alliance News) - National Grid PLC on Thursday said a strong performance across the business, reflected in better-than-expected underlying annual profit, underpins plans to invest GBP60 billion over the next five years. Read More
(Alliance News) - London stocks opened in the red on Thursday, as data reveals the UK economy beat expectations for growth in the first quarter of 2025, while the goods and services trade deficit narrowed further. Read More
(Alliance News) - UK industrial production was weaker than expected in March, numbers on Thursday showed, while overall growth in the first quarter of 2025 marks the first quarterly rise in output in over a year. Read More
(Alliance News) - London's FTSE 100 is called down on Thursday, as UK economic growth beats expectations in March and new data shows foreign investment slipped during 2024. Read More
(Alliance News) - The UK economy grew at a faster pace than anticipated in the first quarter of 2025, while the goods and services trade deficit narrowed further from the previous quarter. Read More
(Alliance News) - Prime Minister Keir Starmer is treading a fine line on UK-EU relations as hard-right populists make gains at a time when Brexit and immigration remain toxic issues in Britain. Read More
(Alliance News) - London's FTSE 100 is set to open slightly lower on Thursday, as new figures show foreign investment in the UK fell during 2024. 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) - Foreign investment in the UK declined last year as funding from the US slipped, new data shows, while the government is ramping up efforts to attract more overseas spending. Read More
Mirriad Advertising PLC - London-based in-content advertising and virtual product placement company - raises GBP1.5 million via placing with existing and new investors at 0.01 pence per new share. In addition, plans to raise GBP200,000 via retail offer at the same price. On Tuesday, Mirriad explains the fund raise will prove working capital. In addition, it plans a significant reduction to its cost base and changes to its operating model, in order to enable it to continue to trade as a going concern. Mirriad plans to cut monthly cost base to GBP250,000 from GBP650,000-675,000. This includes a 40% cut in headcount. As part of the cost rationalisation exercise, and conditional on completion of the Fundraise, Stephan Beringer will step down as chief executive and Louis Wakefield will be appointed as CEO designate. Read More
Corcel PLC - oil exploration and production firm - conditionally acquires an additional 30% gross interest in its operation Block KON-16 in the Kwanza Basin, onshore Angola, from a joint venture partner. The deal was made via subsidiary Atlas Petroleum Exploration Worldwide Ltd and is subject to government approval. Corcel also announces the signing of a binding heads of terms with Sintana Energy Inc, for the sale of a 5% net interest in Block KON-16 to Sintana at a price of USD2.5 million. The deal also involves a joint study and bid agreement with Sintana, which will target further opportunities in Angola. The two agreements, when completed, will increase Corcel's net interest in Block KON-16 to 71.5% from 49.5%. Read More
Beowulf Mining PLC - mineral resource developer - announces the successful completion of its pre-feasibility study and receipt of the final PFS report, confirming the graphite anode materials plant's potential as a low-cost, high-margin producer of anode material for the European lithium-ion battery sector. Beowulf says it remains in advanced discussions with several promising Finnish industrial areas to secure a long-term site for the plant. The site selection and agreement are planned to be completed in the coming months. Read More
Versarien PLC - Gloucestershire, England-based advanced materials engineering group - raises GBP425,000 via placing at 0.0275 pence per share. Net proceeds will be used for general corporate purposes and to acquire a mortar mixing plant as the company seeks to scale the production of optimised low-carbon 3D construction printing mortars it has been developing to meet ongoing project commitments. In addition, Versarien says it remains in advanced discussions with the strategic investor referred to in March. Additionally, the company remains active in the marketing of Total Carbide and is progressing discussions with interested parties. Read More
Airtel Africa PLC - London-based provider of telecommunications and mobile money services - Announces the start of the second tranche of its USD100 million share buy-back programme. This follows the completion of the first tranche. The second tranche will amount to a maximum of USD55 million and is anticipated to end on or before November 19. Airtel Africa enters into an agreement with Barclays Capital Securities Ltd to conduct the second tranche and carry out on-market purchases. Read More
(Alliance News) - Vinanz Ltd on Wednesday said it has entered an investment agreement with a "global investment manager" for up to USD4 million bridge funding over two tranches. Read More