(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
Pressure Technologies PLC - Sheffield, England-based engineering firm - Says its wholly-owned subsidiary Chesterfield Special Cylinders Ltd or CSC has won a strategically significant contract from hydrogen systems integrator Hydrasun Ltd, to supply pressurised hydrogen storage systems to the bp Aberdeen Hydrogen Hub project. Project is a joint venture between BP PLC and Aberdeen City Council in Scotland. Company says the hub will feature integrated hydrogen production, buffer storage and distribution facilities. It will use steel cylinder packages designed and manufactured by CSC which will start manufacturing in the third quarter and deliver finished systems to the project in early 2026. Company says this is CSC's first contract "to supply large-scale hydrogen storage systems to groundbreaking clean energy projects in the UK" and winning it "represents a significant strategic milestone". Adds that CSC is in a good position to supply the future projects it expects will form part of the UK government's net zero strategy. Read More
Ten Lifestyle Group PLC - London-based customer loyalty platform for financial institutions - Shares rise following announcement of trading update for the six months ended February 28. Expects to report around GBP31.8 million in net revenue, up 3% on-year from GBP30.9 million a year prior, or by 5% at constant currency. Active members increase on-year to 354,000 from 349,000. Company also expects adjusted earnings before interest, tax, depreciation and amortisation to increase to around GBP6.0 million from GBP5.3 million. Cash and equivalents total around GBP11.2 million at the end of the period, up from GBP9.3 million one year prior. Ten says two large contracts, including a multi-year US one worth GBP5.0 million per year initially, "have now successfully launched and are delivering revenues, as expected, from H2 2025". Adds that it has more recently secured two multi-year renewals of large contracts in Europe and the Asia Pacific, Middle East & Africa region. Read More
(Alliance News) - 4GLOBAL PLC on Wednesday said its revenue and adjusted earnings for the year ending March 31 will fall short of market expectations, as delays in contract signings and a strategic transition to North America impacted performance. Read More
(Alliance News) - London's FTSE 100 closed little changed Wednesday as investors stayed sidelined ahead of interest rate calls in the US and the UK. Read More
(Alliance News) - Trakm8 Holdings PLC on Wednesday warned of a revenue shortfall for its financial year ending March 31, after a key contract failed to materialise, compounding ongoing difficulties in the insurance market. Read More
(Alliance News) - Filtronic PLC on Wednesday said it has expanded its agreement with SpaceX to allow it to gain from an increased allocation of business. Read More
(Alliance News) - Shepherd Neame Ltd on Wednesday reported "strong" profit growth for the first half of its financial year but warned of cost headwinds following the UK budget, which it plans to mitigate through price increases and efficiencies. Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday said it has won a new contract for an additional vessel in the Middle East. Read More
Blue Star Capital PLC - Crawley, England-based investing company focused on esports and blockchain - Positively notes an announcement by its investee SatoshiPay Ltd. On Tuesday, SatoshiPay's Vortex launched in Brazil. Vortex is a decentralised exchange platform incubated by SatoshiPay, aimed at improving global payments by bridging stablecoins with local fiat currencies. Read More
(Alliance News) - Allianz SE and BlackRock Inc on Wednesday said they were part of a consortium that has agreed to purchase European life insurance consolidator Viridium Holding AG. Read More
(Alliance News) - UK Prime Minister Keir Starmer failed to repeat the chancellor's commitment not to extend the freeze on income tax, ahead of next week's spring statement. Read More