LONDON BROKER RATINGS: Stifel says buy Halma; Berenberg cuts Harworth
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Equity prices in Europe declined after the opening bell on Thursday, with a robust oil price and lofty government bond yields once again providing an unfavourable backdrop. Read More
(Alliance News) - Imperial Brands PLC on Thursday unveiled plans to repurchase a further GBP1.5 billion in shares, following an optimistic trading update which reaffirmed annual guidance, despite group-level volume declines. Read More
(Alliance News) - Aberdeen Group PLC on Thursday said it has raised GBP436 million after selling around half its stake in London-based retirement savings provider Standard Life PLC. Read More
Lion Finance Group PLC - London-based Georgian and Armenian financial services company - Says subsidiary JSC Bank of Georgia signs two loan agreements with International Finance Corp totalling USD118 million. The first loan is a USD58 million multi-currency facility available in US dollars or Georgian lari, while the second is a USD60 million US dollar facility. Both have five-year terms from disbursement and carry floating interest rates. At least 30% of the proceeds must be directed to micro, small and medium-sized enterprises in rural Georgia. The funding will support the financing, development and job creation potential of smaller businesses across the country. Bank of Georgia Chief Finance Officer Giorgi Shagidze says: "These loan agreements will enable us to further expand access to finance for [micro, small and medium-sized enterprises] across the country, with dedicated funding for rural businesses underscoring our shared commitment to building a sustainable and inclusive economy." Read More
(Alliance News) - Tesco PLC on Thursday said consumers remained "resilient" as it delivered better-than-expected first half profit supported by growing online sales. Read More
(Alliance News) - Jubilee Metals Group PLC said on Thursday legal due diligence on the proposed disposal of the large waste project has now been completed. Read More
(Alliance News) - Tesco has upped the floor of its profit guide and lifted its buyback after first-half growth, Imperial Brands announces a new repurchase programme, while Vodafone sets out "bolder" targets for the VodafoneThree unit. Read More
(Alliance News) - Faron Pharmaceuticals Oy last Wednesday said it had agreed to defer a bond repayment, providing the company with "additional flexibility" as it focuses on developing key asset bexmarilimab. Read More
Powerhouse Energy Group PLC - UK-based waste-to-energy technology developer - Signs letter of intent with the University of the West Indies Five Islands Campus and CSE Partnership to collaborate on the proposed establishment of a waste-to-energy testing centre in Antigua and Barbuda. The proposed initiative will combine UWI's academic research, Powerhouse's technology and CSE's regional partnerships to investigate waste, environmental and energy challenges facing Antigua and Barbuda and the wider Caribbean. A particular focus would be sargassum seaweed. The long-term aim is to develop Antigua and Barbuda into a place where Caribbean waste streams can be researched, tested and evaluated. The scheme is intended to be supported by external funding. The parties hope the research could "contribute to discussions around sustainable waste management, circular-economy development, energy resilience and climate adaptation in island communities internationally", Powerhouse Energy says. Next steps involve developing a proposed research framework, identifying research objectives, considering technical requirements and engaging with relevant stakeholders. Powerhouse Chair David Hitchcock said: "Subject to securing the necessary funding and agreeing definitive arrangements, our ambition is to help develop a platform that could have relevance not only for Antigua and Barbuda, but potentially for communities throughout the Caribbean and other island states facing similar challenges." Read More
(Alliance News) - Stocks in London are set to open flat on Thursday, after a hawkish set of Federal Reserve meeting minutes and a lofty oil price, which hit equity market appetite in New York and Asia. Read More
(Alliance News) - Britain will report Iran to the UN Security Council over its nuclear programme and expand sanctions on Tehran and its proxies, the UK Foreign secretary has announced. Read More
(Alliance News) - France's finance minister said the UK would be welcome to return to the EU after Andy Burnham left open the possibility of a manifesto pledge to rejoin the bloc. Read More
(Alliance News) - UK Prime Minister Andy Burnham will travel to Berlin on Thursday for his first face-to-face meeting with German Chancellor Friedrich Merz. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More