NatWest Group PLC - Edinburgh-based lender - Emma Crystal, chief executive Private Banking & Wealth Management sells 50,000 shares at 589.64 pence each on Thursday. Worth total GBP294,820. Read More
Lloyds Banking Group PLC - Edinburgh-based lender - Chief Legal Officer & Company Secretary Kate Cheetham sells 500,000 shares at 101.24 pence each on Thursday. Worth total GBP506,000. Read More
Powerhouse Energy Group PLC - Bingley, England-based firm focused on turning non-recyclable waste into low carbon energy - Plans to raise at least GBP500,000 via a placing at 0.2 pence per share. The placing will be conducted by way of an accelerated bookbuild. Turner Pope Investments Ltd is acting as sole bookrunner and sole broker in respect of the placing. Proceeds will facilitate an acceleration in the research and development activities of the company, in particular to fully demonstrate the flexibility of the DMG process at its Technology Centre in Bridgend, as well as to allow the company to increase the momentum of its current project pipeline. In addition, Powerhouse looks to raise up to a further GBP150,000 via a retail offer at the same price. Read More
Donegal Investment Group PLC - Letterkenny, Ireland-based, agricultural firm - Pretax loss widens to EUR2.0 million in the six months to February 28 from EUR776,000 the year prior. No revenue is posted in either year, with the wider loss reflecting other expenses of EUR951,000 compared to zero a year ago. Donegal says the period saw it complete the sale of its seed potato businesses, receiving proceeds of EUR14.1 million. On completion, the firm has become a cash shell for the purposes of the Euronext Growth Rules and is therefore required to complete an acquisition constituting a reverse takeover within 12 months. If it fails to do this, trading in its shares will be suspended. The cash position at period end was EUR17.5 million. Read More
Tooru PLC - AIM-listed company focused on the branded health and wellness sector - Decides not to progress the proposed acquisition of Mylky BV. Explains that the acquisition structure included a significant level of new debt, and Tooru believes that now is not the right time to take on more debt and increase the group's leverage. Also, says the time taken to put such a facility in place would exceed the expectations of the vendor given the other opportunities that they were being presented with. Furthermore, the use of equity as an alternative would have been too dilutive at the current levels of the company's equity valuation given the relative size of the proposed acquisition. In addition, further work highlighted that the acquisition would have exposed the group to the risk of European legislation in relation to the major part of the enlarged business which, on further examination presents too high a risk. Thus, believes that it is in the best interest of shareholders to continue focusing on existing businesses where there is "significant potential for low-risk growth in the short term whilst, at the same time continuing to look at more directly-aligned acquisitions." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
IMI PLC - Birmingham, England-based engineering firm - Announces that, in connection with the share buyback of up to GBP500 million announced in March, the company enters into an agreement with Deutsche Bank AG, to manage the second GBP250m tranche of the programme. It is expected that the programme will end no later than the end of 2026. Read More
Tesco PLC - Welwyn Garden City-based grocer - Extends initial tranche of share buyback scheme, announced in April, by GBP100 million to GBP350 million. The aggregate value of the programme, which runs to April 2027, remains unchanged at no more than GBP750 million. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 edged lower on Friday, as US President Donald Trump said he was now making a "final" decision on whether or not to strike a peace deal with Iran. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - AstraZeneca PLC on Friday announced that the CARES phase 3 clinical programme did not meet a primary endpoint, but noted insightful data. Read More
(Alliance News) - Unilever PLC on Thursday unveiled plans for a USD270 million US-based AI-powered global innovation centre which it said will help bring the next generation of products to consumers faster. Read More