(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Keir Starmer has denied misleading the public at the general election over tax plans for the UK budget after he indicated that people who make money from shares and property could face greater levies. Read More
(Alliance News) - The chancellor will cut back right to buy discounts as part of next week's UK budget to boost council housing supply. Read More
(Alliance News) - Mincon Group PLC on Friday celebrated "positive signs of recovery" over the third quarter, with good progress on processes to drive efficiency. Read More
Power Metal Resources PLC - metals exploration company with projects in North America, Africa, Saudi Arabia and Australia - Subsidiary Power Arabia Ltd finalises agreement with Alara Resources Ltd and Awtad Copper LLC to acquire a 13% stake in the Block 8 concession in Oman for USD740,000 and expects field work to begin "imminently". Chief Executive Officer Sean Wade says: "I am delighted to be able to announce that another landmark deal in our growing Power Arabia business has been signed. We already have a team on the ground undertaking final logistical preparations. Moreover, we are continuing to build a local geological team to support this initial work, and for the rest of our expected project development in Oman." Read More
Wilmington PLC - London-based provider of information and training for governance and risk & compliance - Acquires Phoenix Health & Safety Consultancy UK Ltd for a total of GBP30.3 million, plus additional considerations dependent on Phoenix Health & Safety's financial performance over the next three years. Chief Executive Officer Mark Milner says: "This acquisition strengthens our offering to customers in the health, safety and environmental markets and will be earnings enhancing from day one. Phoenix Health & Safety is an excellent addition to our group, with a strong fit with our core strategic focus on GRC, a differentiated competitive position which is built on superior outcomes for customers, a strong management team, and an attractive financial profile." Read More
(Alliance News) - The settlement of a lawsuit involving BHP Group Ltd in Brazil is a first step in an ongoing battle to seek justice for victims of the Fundao dam disaster in 2015, the law firm representing 600,000 claimants in England. Read More
(Alliance News) - London's FTSE 100 fell on Friday as fears that a car finance probe may cost more than thought threw a spanner in the works at Lloyds Banking Group, Barclays and Close Brothers. Read More
(Alliance News) - Equipmake Holdings PLC on Friday said its annual loss has widened despite turnover soaring nearly 60% higher, as expenses nearly triple in its most recent financial year. Read More
(Alliance News) - BHP Group Ltd announced on Friday it has reached an agreement with Brazilian authorities to settle a lawsuit related to the Fundao dam disaster in 2015, committing to pay BRL170 billion, or USD31.7 billion. Read More
Hidong Estate PLC - George Town, Malaysia-headquartered investment company - Pretax profit for the six months that ended September 30 is MYR95,855, or GBP16,993, more than tripling from MYR31,739, or GBP5,627, the year before. This is primarily driven by administrative expenses falling 54% to MYR43,586, or GBP7,727, from MYR95,964, or GBP17,013. Net income during the six-month period grew 9.2% to MYR139,441, or GBP24,720, from MYR127,703, or GBP22,639. The company swings to a fair value gain on investments of MYR74,745, or GBP13,258, from a loss of MYR1,129, or GBP200, the year before. Hidong Estate did not declare an interim dividend, unchanged from last year. Read More
(Correcting where Lakeside Group is based.) Read More
(Alliance News) - Celebrus Technologies PLC on Friday said it expects to report a fivefold increase in profit for the first half of its financial year, amid an increase in annual recurring revenue. Read More
Europa Metals Ltd - Europe-focused lead-zinc and silver developer - Says its shareholders have approved the proposed sale of its 100% interest in the Toral lead, zinc and silver project to Denarius Metals Corp. Europa last month signed a binding letter of intent with Denarius, which would acquire 100% of Europa Metals Iberia SL for CAD3.5 million in equity. In November 2022, Europa entered into a definitive option agreement that gave Denarius two options to buy up to an 80% interest in Europa Metals Iberia, a wholly-owned Spanish subsidiary of Europa that holds the Toral project in the Leon Province, Northern Spain. Read More