(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Gore Street Energy Storage Fund PLC on Thursday reported a decline in net asset value during its latest "landmark" financial year, and acknowledged the requisitioning of a general meeting by a long-time shareholder. Read More
(Correcting the closing prices for InterContinental Hotels and Diploma, and replacing easyJet with Anglo American for the biggest fallers on the FTSE 100). Read More
(Alliance News) - Stock prices in London closed mostly higher on Thursday, with markets ultimately reassured by US President Donald Trump stating that he did not currently intend to fire Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - Lloyds Banking Group PLC will make an extra GBP4 billion available to first-time buyers borrowing at high loan-to-income ratios, following recent mortgage lending reforms. Read More
(Alliance News) - James Cropper PLC on Thursday said its loss widened during its most recent financial year, driven by a downturn in its Paper & Packaging division and asset impairments. Read More
(Alliance News) - Ixico PLC on Thursday said it expects to post a rise in revenue for its current financial year, "solidifying its stated return to growth". Read More
Coats Group PLC - London-based manufacturer of materials for footwear and apparel - Announces its completion of the capital raise announced on Wednesday. Raises gross proceeds of approximately GBP246 million, "with strong support from existing shareholders". Says 314.8 million new shares were placed with institutional investors at 77.0 pence each. Also, retail investors have subscribed for 3.9 million new shares, and "certain directors and management" for 902,595 shares between them, at the same price. Placing price represents an approximate 6.2% discount to Coats' closing price of 82.1p on Wednesday. Read More
(Alliance News) - Central Asia Metals PLC on Thursday raised its offer for New World Resources PLC a fourth time, prompting a higher bid from its rival Kinterra Capital. Read More
Alpha Growth PLC - London-based financial advisory services focused on longevity assets and insurance-linked asset and wealth management - Calls general meeting for August 1 for shareholders to approve an all-share acquisition. The unnamed target is a holding company for a group of businesses involved in claims management in the US. The target has been valued at between USD192 million and USD227 million, which Alpha Growth notes is more than 10 times than the higher market capitalisation Alpha Growth itself ever achieved. The target company had USD9 million in profit in 2023 and cash reserves of USD12 million. Unaudited results show both of these rising in 2024, Alpha Growth says. Read More
Ashtead Technology Holdings PLC - Aberdeenshire, Scotland-based subsea equipment rental company - Expects to report weaker-than-expected adjusted earnings, amid "the challenging geo-political environment, significant disruption in the US market and a small foreign exchange headwind". Ashtead Technology also notes its effort to reduce "exposure to cross hire and low margin equipment sales". Revenue for the first six months of 2025 is expected to be up 23% on-year at GBP99 million. The company expects to achieve an earnings before interest, tax and amortisation margin of 27.3%, up from 26.1% a year before. However, for the full-year, it expects an adjusted Ebitda outcome "modestly below its previous expectations". In its March annual results, Ashtead Technology said it had "continued confidence" in achieving a margin in the high 20s over the medium term. It still intends to move to the London Main Market from AIM, with an update to be provided "in due course." The company will publish half-year results on August 26. Read More
Empyrean Energy PLC - oil and gas development firm focused on the Duyung production sharing contract offshore Indonesia - Says the operator of the Mako field has signed a gas sales agreement with state-owned electric utility company PT PLN Energi Primer Indonesia. The deal signed by Conrad Asia Energy Ltd covers the current Duyung production sharing contract, which houses Mako, and allows for the sale of up to 111 billion British thermal units per day. Empyrean Chief Executive Officer Tom Kelly says: "The GSA between the Mako joint venture and PLN EPI is a significant milestone for the Mako gas field. It is anticipated that this milestone will provide momentum to the project in a region of Asia that is experiencing strong demand for gas to meet energy demand growth." Empyrean holds an 8.5% stake in the Mako gas field, with Conrad Asia Energy holding the remaining stake. Read More