(Alliance News) - UK retail sales rose at a faster pace than expected in August, numbers from the Office for National Statistics showed Friday, while public sector borrowing for last month hit a five-year high. Read More
(Alliance News) - London's FTSE 100 is expected to tread water on Friday, ahead of UK data and after a slew of rate decisions this week. 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) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Premier Miton Global Renewables Trust PLC - Leeds, England-based investor focused on renewables - Enters into non-binding heads of terms on a scheme of reconstruction with alternative investment fund manager Premier Portfolio Managers Ltd. Under the scheme, shareholders may either roll over their investment in the company into sterling class B income shares in Premier Miton Global Infrastructure Income Fund, a sub-fund of Premier Miton Investment Funds 3, and/or receive an uncapped cash exit, both at net asset value, subject to agreed adjustments for costs not already reflected in the NAV. The rollover option will be the default. Infrastructure-asset investor GIIF has "generated stronger performance than the company over a one, three and five-year basis and offers a historic dividend yield of 4.11% as at July 31, the daily liquidity of an open-ended fund and lower ongoing costs," the firm says. PPM has agreed to contribute towards the costs of the scheme. Read More
Tenaris SA - Luxembourg, City-based steel pipes supplier and BP PLC - London-based oil and gas firm - Sign a four-year contract for Tenaris to supply casing and tubing, including 13Cr steel grade tubulars, along with technical support and field services at BP's Tangguh UCC project in Papua Barat, Indonesia. The project comprises the Ubadari gas field development, enhanced gas recovery through carbon capture, utilisation and storage and onshore compression. Read More
Geo Exploration Ltd - Australia-based oil and gas exploration company focused on Africa and the Mediterranean - Says it has fully repaid in cash the interest-free loan of USD270,000 provided by Chief Executive Officer Omar Ahmad. The firm says it wished to repay the loan ahead of the expiry date of September 30, despite Ahmad's offer to extend it. "This repayment strengthens the company's balance sheet and leaves Geo debt-free as it enters an important phase with drilling underway at its flagship Juno project," the company says. Read More
(Alliance News) - Elixirr International PLC on Thursday said it has agreed to increase its debt facilities to support activity in mergers and acquisitions. Read More
(Alliance News) - Donald Trump said a new tech deal would help the US and UK "dominate" in the world of artificial intelligence (AI) as Keir Starmer hailed a "new era" for the special relationship. Read More
(Alliance News) - Stock prices in London closed higher on Thursday, in light of the widely anticipated rate hold by the Bank of England and cut on Wednesday by the US Federal Reserve. Read More
Assura PLC - Altrincham, England-based care property investor and developer - Confirms it expects to delist from the Johannesburg Stock Exchange on October 23. Assura has only previously indicated it anticipated its shares would be suspended from the JSE on October 3, and the JSE delisting would follow shortly after exit from the London Stock Exchange. Early this month, Assura said it would ask the UK Financial Conduct Authority and the LSE to cancel its listing, at the request of Primary Health Properties PLC. It expects the LSE delisting to take effect on October 6. Read More
(Alliance News) - Pantheon Resources PLC on Thursday said it will start the hydraulic fracture stimulation around the week commencing September 29 for around two weeks at the Dubhe-1 well. Read More
(Alliance News) - Invinity Energy Systems PLC on Thursday reported the sale of four megawatt-hours worth of VS3 vanadium flow batteries to Ideona Group subsidiary, Central European Vanadium Storage Kft. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes, announced on Thursday and Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - SRT Marine Systems PLC on Thursday said it has received notification of the award of significant supply contract with an unnamed, "new sovereign customer", worth around USD200 million. Read More