(Alliance News) - Stock prices in London were higher at midday on Thursday, as gains for telecom stocks helped the FTSE 100 edge into positive territory, while investors digested stronger UK services activity and rising inflationary pressures in Europe. Read More
(Alliance News) - Crest Nicholson Holdings PLC on Thursday announced reductions to its full-year guidance, citing a "difficult" summer trading environment. Read More
(Alliance News) - Grafton Group PLC on Thursday maintained its full-year adjusted operating profit guidance, after reporting increased adjusted earnings for the first half. Read More
(Alliance News) - Safestore Holdings PLC on Thursday reported higher third-quarter revenue but lowered its earnings outlook, following a weaker performance from properties in Paris and lower occupancy across the group. Read More
Galliford Try Holdings PLC - London-based building and infrastructure construction under Galliford Try and Morrison Construction brands - Galliford's Environment division is appointed to a GBP110 million contract for Severn Trent Water, part of Severn Trent PLC. The contract is to the deliver the River Mease improvement project in the English Midlands. This involves building a 23 kilometre pipeline for waste water as part of the Water Industry National Environment Programme in the UK. Read More
Great Portland Estates PLC - London-based office space developer and landlord - Completes 30 Duke Street, an office and retail building in the St James's neighbourhood of central London. Great Portland says the development is completed on time, on budget, and fully pre-let. Private equity firm Clayton, Dubilier & Rice LLC makes the building its headquarters, while the retail space is let to menswear brand MJ Bale and restaurant group L'Eto. Average rents are 6.7% ahead of estimated rental value, meaning Great Portland expects a development profit on cost of 37.1%. The company also notes that 78% of 30 Duke Street's steel frame is made from recovered steel, primarily from Great Portland's deconstructed City Place House. This reduced the carbon emissions from the steel frame by 90% compared with entirely new steel. Read More
(Alliance News) - Watches of Switzerland Group PLC on Thursday confirmed its outlook for the full financial year ending in May 2027. Read More
(Alliance News) - Rosebank Industries PLC on Thursday lifted guidance for the second time in six weeks as it hailed progress with recent acquisitions. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Agrees to an assignment by Gathoni Muchai Investments Ltd of a major portion of the remaining Gathoni convertible loan to RAB Capital Ltd. Says the assignment of GBP400,000 of the loan, plus the interest of GBP19,648 for the months of July and August, will enable RAB to convert for up to 10.5 million new shares at a price of 4 pence each. Read More
(Alliance News) - Donald Trump is expected to meet Irish President Catherine Connolly during his visit to Ireland at the end of next week. Read More
LondonMetric Property PLC - London-based real estate investment trust focused on owning and managing logistics, convenience, healthcare, entertainment and leisure properties - Sells seven properties for GBP85 million in total since its last trading update at the start of July. The property sales - most significantly GBP59 million for two Ramsay Health Care hospitals in Truro and Salford, England - are made at prices in line with March book values and reflecting a net initial yield of 5.3%. LondonMetric notes it now has sold 32 property assets for GBP175 million in total since the start of its financial year in April. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Thursday. Read More
(Alliance News) - Diversified Energy Co on Thursday announced that it has agreed to acquire Birch Permian Holdings Inc and certain affiliated companies from affiliates of activist investor Elliott Investment Management LP. Read More
(Alliance News) - PepsiCo Inc has selected Publicis Groupe SA to handle its global media account, Adweek reported late on Wednesday. Read More
(Alliance News) - Hilton Food Group PLC on Thursday raised full-year guidance despite reporting lower half-year profit as issues at its Foppen business offset progress elsewhere. Read More