(Alliance News) - DCC PLC on Wednesday said it extended its deadline for a takeover approach from a consortium led by Kohlberg Kravis Roberts & Co LP and including Energy Capital Partners LLC. Read More
(Alliance News) - Andy Burnham has declined to rule out introducing a wealth tax and suggested the government "might be having to ask for a little more" at some point to balance Britain's books. Read More
(Alliance News) - The FTSE 100 ended lower on Wednesday as weak miners kept London's lead index in check amid soft economic data in China. Read More
(Alliance News) - More than a third of Burberry Group PLC shareholders have voted against a new pay plan for directors which could see the chief executive officer earn up to GBP12.2 million. Read More
Costain Group PLC - Announces that United Utilities Group PLC extends its managed service provider contract by three years, taking the partnership to 10 years and covering the remainder of the AMP8 regulatory cycle. Costain has supported United Utilities since 2019, delivering more than 900 capital maintenance projects and around 9,000 responsive maintenance activities. The company says the extension supports United Utilities' GBP13.5 billion AMP8 investment programme and includes an option to continue the relationship through AMP9 to 2035. Read More
(Alliance News) - Blackrock World Mining Trust PLC on Wednesday announced a decline in net asset value per share during June, citing a fall in the prices of gold and aluminium. Read More
(Alliance News) - Ditch the state pension triple lock in the UK and consider scrapping some VAT exemptions to raise more for government spending, an influential economic think tank has suggested. Read More
(Alliance News) - British Steel could be nationalised within days after legislation to bring the firm into public ownership received a final seal of approval. Read More
GSK PLC - London-based pharmaceutical company - Completes takeover of Nuvalent Inc, a Boston, Massachusetts-based clinical-stage biopharmaceutical company focused on creating precisely targeted oncology therapies. The total value of the acquisition is about USD10.6 billion. Net of cash acquired, GSK's total investment is about USD9.4 billion. The transaction adds three lung cancer assets to GSK's oncology portfolio, with zidesamtinib and neladalkib "considered potential best-in-class assets", and under Food & Drug Administration review for ROS1-positive and ALK-altered non-small cell lung cancer. GSK says: "Both have received FDA breakthrough therapy and orphan drug designations. If approved, they are expected to launch in 2026 with multi-blockbuster potential." Read More
(Alliance News) - Airtel Africa PLC is hiring more investment banks for the planned London listing of its mobile money business, the Financial Times reported on Wednesday. Read More
(Alliance News) - TwentyFour Income Fund Ltd on Wednesday reported a lower net asset value return and dividend for its latest financial year, although it continued to outperform its annual income target and said it expects higher interest rates to remain supportive for asset-backed securities. Read More
Distil PLC - London-based owner of drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, and Blavod Black Vodka - Splits leadership responsibilities, as Executive Chair Don Goulding plans to leave the board on August 14 after serving 16 years. Goulding joined Distil as a non-executive director in 2010, moving to non-executive chair and then executive chair. Distil says Goulding is retiring to focus on family projects. Philip Naughton, who joined the board in February, will step up to non-executive chair. Distil also hires David Smith to be chief executive officer. Distil notes Naughton has 25 years experience in the drinks industry, including with Diageo PLC, where he helped launch ready-to-drink and zero-alcohol products. Read More
(Alliance News) - Supermarket Income REIT PLC said on Wednesday it has agreed to acquire a portfolio of three supermarkets for GBP118 million. Read More
(Alliance News) - NCC Group PLC on Wednesday announced it is working together with Siemens AG to help protect the UK's critical infrastructure. Read More
(Alliance News) - Stock prices in London were lower at midday on Wednesday, with mining stocks dragging on the FTSE 100 after weaker-than-expected Chinese growth data overshadowed gains elsewhere. Read More