(Alliance News) - Frontier Developments PLC shares jumped on Thursday after the announcement of an agreement with Walt Disney Co for the creation of a new video game. Read More
(Alliance News) - Jet2 PLC on Thursday said it plans to move to the London Main Market as it was encouraged by strong demand through the summer season. Read More
(Alliance News) - Hutchmed China PLC on Thursday announced that its subsidiary, Hutchmed Ltd, has entered into an exclusive development licence agreement with a subsidiary of GSK PLC. Read More
(Alliance News) - M&G PLC on Thursday reported mixed first-half results with statutory profitability dented by planned ground rent changes in the UK taking some of the shine off net flows and adjusted operating profit beats. Read More
(Alliance News) - UK services activity grew at its fastest pace in four months in August, although inflationary pressures picked up, purchasing managers' index survey data from S&P Global showed on Thursday. Read More
Kingfisher PLC - London-based home improvement products retailer under B&Q, Screwfix, Castorama and Brico Depot brands - Completes GBP50 million second tranche of GBP300 million share buyback announced in March. The second tranche was run by Goldman Sachs International, after the first was run by BNP Paribas SA. Kingfisher now has completed GBP125 million of buyback programme. It says details of the third tranche will be announced "in due course". The repurchased shares will be cancelled. Kingfisher also conducted GBP300 million buybacks in each of the past two years. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - Toscafund Asset Management LLP is planning to install Paolo Pieri as executive chair of Spire Healthcare Group PLC if months-long talks over a GBP1 billion takeover go through, Sky News reported. Read More
(Alliance News) - Stock prices in London opened mixed on Thursday, with the FTSE 100 little changed as gains for telecom stocks and positive broker calls were offset by shares trading ex-dividend. Read More
(Alliance News) - M&G swings to a first-half pretax loss attributable to equity holders as short-term investment fluctuations weigh on statutory results, while LondonMetric Property announces GBP105 million of investment activity. Elsewhere, Jet2 says trading remains strong and announces plans to move from AIM to London's Main Market. Read More
(Alliance News) - Stocks in London are set to open marginally lower on Thursday as investors monitor fresh tensions between the US and Iran, while digesting new US trade measures and a busy day of corporate updates. Read More
(Alliance News) - After admiring France's fabled Bayeux Tapestry loaned for a London exhibition, UK Prime Minister Andy Burnham and French President Emmanuel Macron will hold their first talks Thursday, with migrant boats and Ukraine high on the agenda. Read More
(Alliance News) - Ireland’s private sector activity strengthened in August as both services and manufacturing delivered firmer growth, S&P Global reported Thursday. Read More
Shell PLC - London-based oil and gas company - Completes acquisition of Arc Resources Ltd. ARC shareholders receive CAD8.20 in cash and 0.40247 Shell shares for each Arc share. Based on Shell's closing share price of 3,443.00 pence on Wednesday and the latest foreign exchange rates, the deal values Arc's equity at about USD13.9 billion. Shell assumes about USD2.5 billion in net debt and leases, giving the acquisition an enterprise value of about USD16.5 billion. The equity consideration comprises USD3.3 billion in cash and USD10.6 billion in new Shell shares. The acquisition adds about 370,000 barrels of oil equivalent per day of liquids and gas production and is expected to support Shell's production compound annual growth rate of about 4% through 2030. "The transaction is expected to generate double-digit returns, bolster long-term cash flows and be accretive to free cash flow share from 2027 onwards," Shell says. Read More
BP PLC - London-headquartered oil and gas company and Shell PLC - London-based oil major - Agree to terms for Shell to acquire a 50% stake Tupinamba exploration block in the Santos Basin, offshore Brazil. The agreement also covers a 30% stake in five leases containing the Conifer exploration prospect. "The transactions support BP's disciplined approach to capital allocation in service of becoming a simpler, stronger, more valuable company," says the company. The deal remains subject to regulatory approval. Read More