(Alliance News) - Tate & Lyle PLC on Thursday reported a decline in profit as it said the prolonged Middle East conflicted had made the impact felt by inflationary costs more pronounced than anticipated. Read More
HSBC Holdings PLC - London-based, China-focused bank - Launches tender offer on Thursday for up to USD1.00 billion in bonds. The offer is for the bank's 6.00% perpetual subordinated contingent convertible securities, of which USD3.00 billion are outstanding. The CoCos are callable in May 2027 and every five years thereafter. The purchase price will be 100.50% of face, meaning HSBC will pay up to USD1.01 billion buying back the bonds. HSBC says the tender offer is to proactively manage its Tier 1 capital base. Read More
(Alliance News) - Bank of England Governor Andrew Bailey on Thursday signalled that a second interest rate increase could be necessary unless progress is made towards resolving the conflict in the Middle East, but stressed that a prolonged cycle of monetary tightening was not inevitable. Read More
(Alliance News) - The Bank of England on Thursday raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. Read More
(Alliance News) - Morgan Advanced Materials PLC on Thursday said it expects operating profit to be towards the high end of guidance after strong trading, and it said formal talks regarding the possible sale of its Thermal Products division have begun. Read More
(Alliance News) - Prudential PLC on Thursday said new business profit edged up in the third quarter and profit margin improved, but it warned that achieving its target for full-year growth is "now more stretching" due to regulatory changes hurting its life operations in mainland China. Read More
(Alliance News) - OSB Group PLC on Thursday announced it had appointed Fiona Clutterbuck as chair designate, as it reported a resilient nine-month performance in line with expectations. Read More
(Alliance News) - Helios Towers PLC on Thursday lifted the bottom-end of full-year guidance and set out ambitions for further growth in 2027 after reporting increased earnings and revenue in its third quarter. Read More
(Alliance News) - RS Group PLC on Thursday reported half-year results ahead of forecast and said it was "well positioned" as it enters the second half of the financial year. Read More
(Alliance News) - Hikma Pharmaceuticals PLC shares fell on Thursday after the company said it expects lower annual revenue from its Injectables segment, though it has seen an upturn in its Branded business. Read More
(Alliance News) - Andy Burnham has said he will lay out a "very clear vision for Britain" in a 10-year plan, after reports that the document may not be as ambitious as first thought. Read More
(Alliance News) - European equities moved higher on Thursday afternoon, while the pound was on the up after the Bank of England enacted its first rate hike in over three years, and with a more hawkish bias than expected. Read More