(Alliance News) - Shares in Diageo PLC on Monday rose as it announced former Tesco PLC head Dave Lewis will become its new chief executive officer at the start of next year. Read More
(Alliance News) - Dave Lewis will leave Haleon to become Diageo's chief executive on January 1, 2026, while Permira agrees a GBP2.3 billion deal to acquire financial services firm JTC. Read More
(Alliance News) - Stocks in London are set to open higher on Monday, with investor sentiment boosted after US senators reached a bipartisan stopgap agreement to end the record-breaking government shutdown. Read More
(Alliance News) - Welcome to the Alliance News UK service (ISSN 2515-9453), consisting of the Alliance News UK Professional and its family of financial newswires serving investors and their professional advisers. Read More
(Alliance News) - AstraZeneca PLC on Sunday announced results from the phase 3 trial of its Baxdrostat treatment which showed a statistically significant reduction in the systolic blood pressure of patients with resistant hypertension. Read More
(Alliance News) - Motor finance firms want the UK government to force the Financial Conduct Authority to cut seven years off its compensation scheme for customers, the Sunday Times reported. Read More
(Alliance News) - Labour MPs are plotting to oust Keir Starmer, reports suggest, even as the prime minister has welcomed rebellious backbenchers back into the fold. Read More
Tissue Regenix Group PLC - Leeds, England-based regenerative medical devices firm - Tissue Regenix says it is in discussion with its major shareholders and has clear indications of support to raise GBP5 million by way of a convertible loan note. Any fundraise will be subject to shareholder approval. Says a review of its financial position shows that the company has a substantial backlog of creditors, and very limited cash balances. Tissue Regenix says it has an "urgent need" to raise capital by the end of November," adding "without additional funding the company will not be able to continue to trade." Read More
(Alliance News) - Conygar Investment Co PLC - London-based property developer - Announces that it completed the sale of its land holding at Rhosgoch, Anglesey, to Rhosgoch Property Ltd, Stena Line's wholly owned subsidiary, for GBP18.5 million. The company has repaid the GBP5.6 million ASK Partners loan secured against the 36-acre Island Quarter site in Nottingham City Centre, leaving the development land unencumbered. The remaining cash will be used for Conygar's ongoing operations and working capital. Conygar says it will record a profit of GBP15.8 million from the transaction. Read More
(Alliance News) - Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Announces that the Korean Ministry of Food and Drug Safety has granted regulatory approval for Accrufer in South Korea for the treatment of iron deficiency in adult subjects. The approval follows submission of a new drug application by Korea Pharma in 2024 after the successful completion of a pharmacokinetic study. Shield is eligible to receive payments upon the first sale, as well as performance-based sales milestones and royalties on net sales. Read More
(Alliance News) - The FTSE 100 ended a losing week on a sour note, knocked by further heavy selling of US technology names and double-digit losses for blue chips Rightmove and IAG. Read More
(Alliance News) - Critical Metals PLC on Friday reported zero revenue and narrowed pretax loss in its full-year results as it reaffirmed target of operating the Molulu mine. Read More
(Alliance News) - MedPal AI PLC on Friday announced the launch of its artificial intelligence-driven retail pharmacy website, initially targeting the weight-loss market. Read More
Pennpetro Energy PLC - Texas-focused oil and gas company - Announces that at its annual general meeting, resolutions 2, 8 and special resolution 7 were not passed. Out of eight resolutions, six received less than 80% support. Failed resolution 2 was regarding the re-appointment of chair Stephen Lunn as director to the board, which received around 46% support, with just below 54% votes against. Lunn departs the board, with Chief Executive Officer Richard Spinks assuming the role of interim chair. Other failed resolution 8 was on authorising directors to take action to implement proposals the firm had set out, with 53% votes against. Failed special resolution 7 required a majority of 75% of shares cast in favour, with only around 58% voting in favour, in regard of calling a general meeting on less than 14 clear days' notice. Read More
Eco Atlantic Oil & Gas Ltd - oil and gas exploration in South Africa, Namibia and Guyana - Announces death of chief operating officer Colin Kinley, who had a career of over 45 years in the mining and oil and gas frontier exploration industries. Gil Holzman and Alice Carroll immediately assume all responsibilities over the company's operational and technical teams, and its country managers will report directly to Chief Executive Officer Gil Holzman. Read More