(Alliance News) - Stock prices in London opened mixed on Monday, with the FTSE 100 lagging its European peers as a sharp fall in AstraZeneca shares offset gains elsewhere, while investors also weighed renewed US-Iran diplomacy. Read More
(Alliance News) - National Grid unveiled a streamlined operating model aimed at improving execution, while easyJet extended the deadline for rival bidder Castlelake to make a takeover offer. AstraZeneca was also linked to a potential USD400 billion merger with US peer Bristol Myers Squibb, according to a media report. Read More
(Alliance News) - AstraZeneca PLC and Bristol-Myers Squibb Co are considering merging in a deal worth USD400 billion, the Financial Times reported on Sunday. Read More
Malibu Life Holdings Ltd - Grand Cayman-based life and annuity reinsurance - Seeks to raise up to USD125 million from the sale of 8.6 million new shares at USD14.50, to fund growth of the company's reinsurance and direct origination platform. Malibu Life on Friday says about USD109 million already has been conditionally placed with institutional and other investors. Malibu Life took its current form in September last year from the reverse takeover of Malibu Life Reinsurance SPC by Third Point Investors Ltd. Early last month, Malibu Life closed the acquisition of TruSpire Retirement Insurance Co, which will be rebranded as Malibu Life USA. The fresh cash will be used to scale the company's reinsurance operations while preserving capital adequacy. Read More
(Alliance News) - Stocks in London are set to open higher on Monday as hopes for renewed US-Iran diplomacy offset caution following a joint US-Japan intervention to strengthen the yen. Read More
(Alliance News) - Britain's economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report. Read More
(Alliance News) - UK Chancellor John Healey has told the Cabinet they must make be prepared to make cuts to finance Andy Burnham's new spending pledges. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: Read More
(Alliance News) - Headlam Group PLC on Friday said it was making progress regarding a refinancing package as it reported an increase in revenue in June. Read More
(Alliance News) - CyanConnode Holdings PLC on Friday said it has accepted a reduced GBP36.5 million bid proposal from Dubai-based energy transition and smart grid technology group Esyasoft Holding Ltd. Read More
(Alliance News) - The following is a round-up of trading updates by FTSE 250-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 ended a winning week lower on Friday after once again setting a new all-time best, as investors locked in recent gains eyeing rising bond yields. Read More
(Alliance News) - Halfords Group PLC on Friday confirmed FTSE Russell's Thursday announcement that it will rejoin the FTSE 250 index on August 4. Read More
(Alliance News) - Andy Burnham has said his plans for England's mayors to keep a share of taxes collected in their area will give them "more in their hands" to empower their regions. Read More
(Alliance News) - System1 Group PLC on Friday rejected an improved takeover bid by its largest shareholder Brave Bison Group PLC, citing absence of shareholder support. Read More