Harbour Energy PLC - North Sea-focused oil and gas formed from merger of Premier Oil and Chrysaor Holdings - Chair Blair Thomas sells 6.7 million shares via EIG Separate Investments (Cayman) LP at GBP2.06, worth GBP13.7 million, on Friday last week. Harbour doesn't provide Thomas's current stake in the company, but in October last year, it said Thomas was interested in 8.7% via EIG entities. Read More
Herald Investment Trust PLC - London-based investment trust focused on technology, media and communications - Shareholders at the annual general meeting on Monday vote for continuation of the trust, having previously rejected an attempt by activist investor Saba Capital Management LP to remove the entire board. The continuation resolution passes with 65% of the vote at the meeting. Similar percentages support the re-election of directors. The Herald board says it believes that 99.9% of all votes not cast by Saba, or on behalf of Saba, support continuation. Read More
(Alliance News) - Reducing or removing a tax on big tech companies would have "little impact" on the economy, but will be a "tough balancing act" for UK Chancellor Rachel Reeves to manage, one expert has said. Read More
(Alliance News) - AB Dynamics PLC on Tuesday said it expects to report higher revenue for the first-half of the 2025 financial year. Read More
WH Smith PLC - Swindon, England-based retailer - Completes issue of GBP200 million US private placement notes and secures a three-year, GBP120 million bank term loan. Says it issued USSP notes on investment grade terms, with maturity of 7, 10 and 12 years. Notes that its bank term loan has 2 uncommitted extension options, which could see it extend to four and five years. Adds that it is being provided by a syndicate of lenders including Fifth Third Bank National Association, HSBC UK Bank PLC, Banco Santander SA and Skandinaviska Enskilda Banken AB. Also retains existing GBP400 million revolving credit facility which matures in 2029, with one-year extension option. Chief Financial Officer Max Izzard says: "We are pleased to have successfully completed our refinancing, which includes our first US Private Placement and a new bank term loan. The refinancing strengthens our balance sheet, extends our debt maturity profile, and diversifies our capital structure. It also gives the group access to a new debt investor base in the future, and we are pleased to have the continuing support of our banking partners." Read More
Liontrust Asset Management PLC - London-based fund manager - Completes GBP5.0 million share buyback launched at the end of November. Liontrust buys back 1.2 million shares at an average price of 427.07 pence. Liontrust now has 63.8 million shares issued, with none in treasury. Read More
THG PLC - Manchester, England-based online retailer of beauty and nutrition products - Raises GBP90 million in a share and convertible loan issue, including GBP60 million from Founder & Chief Executive Officer Matthew Moulding. THG says the fresh funds will be used to pay off one term loan and pay down another. THG will issue 91.9 million new shares, 7.0% of its existing total, at 32.3 pence each to raise GBP29.7 million from the share placing, which was first announced after the London market close on Monday. The placing is run by Barclays PLC as global coordinator, bookrunner and joint corporate broker. In addition, Moulding will invest GBP5.4 million in shares and GBP54.6 million via a convertible loan. Mouldings share investment will be via the paying up of 17.4 million partly paid F and G shares and their conversion into ordinary shares. THG has a market capitalisation of about GBP470 million and recently was promoted to the FTSE 250 index, joining on Monday. Read More
(Alliance News) - London's FTSE 100 remained higher at midday on Tuesday, as investors await a US house price index reading in the afternoon and Wednesday's UK spring statement. Read More
(Alliance News) - Gamma Communications PLC on Tuesday said it expects scale through acquisitions to drive "more significant returns", as it posted improved revenue in 2024. Read More
(Alliance News) - Palm oil producer MP Evans Group PLC hailed a "record" profit and dividend on Tuesday amid loftier prices. Read More
(Alliance News) - Fevertree Drinks PLC on Tuesday increased its share buyback as it pointed to signs of life in its UK market and opportunities for further growth in the US. Read More
(Alliance News) - Warehouse REIT PLC suitor Blackstone on Tuesday announced a sweetened "final" takeover proposal worth GBP489 million. Read More
(Alliance News) - Ashtead Technology Holdings PLC shares climbed on Tuesday as it reported higher earnings in 2024 and said it was considering a move to the Main Market of the London Stock Exchange. Read More
(Alliance News) - Supersearch Plus PLC started trading on Aquis Stock Exchange in London on Tuesday after an initial public offering. Read More
(Alliance News) - The UK still has "high confidence" that its operational security measures "remain intact", despite revelations of a major US security breach. Read More