WINNERS & LOSERS: Naked Wines rises on buyback, Roebuck plunges
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday. Read More
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Chesnara PLC on Friday said it will buy MetLife UK Ltd, the closed-book UK life insurance business of MetLife Inc. Read More
(Alliance News) - Rightmove PLC on Friday said it expects revenue growth next year to be similar to this year, as it raised its underlying earnings per share growth outlook. Read More
HSBC Holdings PLC - London-based, China-focused bank - Increases tender offer for CoCo securities to USD1.50 billion from USD1.00 billion. The offer, which was launched on Thursday, is for the bank's 6.00% perpetual subordinated contingent convertible securities, of which USD3.00 billion are outstanding. The CoCos are callable in May 2027 and every five years thereafter. The purchase price will be 100.50% of face, meaning HSBC will pay up to USD1.51 billion buying back the bonds. HSBC says the tender offer is to proactively manage its Tier 1 capital base. Read More
(Alliance News) - Wheaton Precious Metals Corp on Friday said revenue rose in the third quarter due to higher gold prices and despite lower gold output, extending its half-year gains. Read More
(Alliance News) - Scottish Mortgage Investment Trust PLC on Friday said its returns were nearly double its benchmark index in the half-year to September, thanks to investments that include Elon Musk's SpaceX and AI model maker Anthropic. Read More
(Alliance News) - Stock prices in London opened sharply lower on Friday, with the FTSE 100 falling 1.5% as European markets followed a steep sell-off on Wall Street, while UK house prices recorded their largest annual decline in three years. Read More
(Alliance News) - International Consolidated Airlines Group SA on Friday said it was on track to deliver full-year market expectations, despite a third-quarter profit miss, as it highlighted a positive demand outlook. Read More
(Alliance News) - UK house prices fall at their fastest annual pace in three years in October, according to the Lloyds house price index. British Airways owner International Consolidated Airlines Group reports a decline in third-quarter profit despite higher revenue, while Scottish Mortgage Investment Trust delivers strong half-year returns and outperforms its benchmark index. Read More
(Alliance News) - UK house prices fell in October, recording their steepest annual decline in three years as elevated borrowing costs and renewed inflationary pressures weighed on demand, figures from Lloyds Bank showed on Friday. Read More
(Alliance News) - Stocks in London are set to open sharply lower on Friday, tracking a steep sell-off on Wall Street and losses across Asian markets, as concerns over the outlook for artificial intelligence companies weighed on sentiment. 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
Thor Explorations Ltd - Vancouver, Canada-based gold miner targeting Senegal, Nigeria and Cote d'Ivoire - Provides trading update for the third quarter. Sells 19,000 ounces of gold, up from 19,650 ouces a year ago. Revenue climbs to USD81.3 million from USD69.9 million, based on an average gold price USD4,280 per ounce, up from USD3,535 a year ago. Net profit rises to USD47.3 million from USD43.1 million. Earnings before interest, taxes, depreciation and amortisation edged up to USD56.9 million from USD51.4 million. Looking ahead, cuts annual gold output target to between 70,000 ounces and 72,000 ounces, from 75,000 oz to 85,000 oz before. This is due to severe rainfall at Segilola in late August impacting mining operations. Its focus is to advance exploration programs across its portfolio, including near-mine, underground and regional programs at Segilola, assessing regional potential targets in Nigeria and Cote d'Ivoire, and acquiring new concessions and joint partnership options on potential targets. The company is in the final stages of discussions with the Government of Senegal for the issuance of the Douta mining convention. Read More