"They moved on, so have we", BHP says after Anglo American pursuit
30th Oct 2024 10:57
(Alliance News) - BHP Group Ltd on Wednesday drew a line under its failed pursuit of smaller mining peer Anglo American PLC, saying it has "moved on". Read More
(Alliance News) - BHP Group Ltd on Wednesday drew a line under its failed pursuit of smaller mining peer Anglo American PLC, saying it has "moved on". Read More
Hargreaves Services PLC - Durham, England-based service provider to the environmental, industrial and property sectors - David Anderson will step down as property director on May 31 next year, but he still will consultant on some projects. The firm tells its annual general meeting on Wednesday that its Services, Hargreaves Land and HRMS units are performing in line with expectations during the first four months of the financial year, and it expects to release half-year results on January 29. Read More
(Alliance News) - Molten Ventures PLC on Wednesday said its interim net asset value fell amid unfavourable foreign exchange rates, as the company also announces the appointment of a new chief executive officer. Read More
(Alliance News) - Standard Chartered PLC on Wednesday upgraded its income guidance as it achieved record growth in its Wealth Solutions and Global Markets segments. Read More
(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Wednesday said its third-quarter was in line with its recently lowered expectations, and it remain on the road to meeting that revised guidance for all of 2024. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
Gooch & Housego PLC - Somerset, England-based photonics components and systems manufacturer - Aquires optical component manufacturer, Phoenix Optical, for a total consideration of up to GBP6.8 million, comprising of an initial cash consideration of up to GBP3.4 million plus additional considerations of up to GBP3.4 million dependent on Phoenix's performance over the next three years. Gooch & Housego says the acquisition will accelerate its reach in the UK and European aerospace and defence markets. Read More
(Alliance News) - Rachel Reeves will raise taxes and increase borrowing as she promises to "invest, invest, invest" to "rebuild Britain". Read More
(Alliance News) - Glencore PLC on Wednesday said it remains on track to meet 2024 production guidance despite falls in output of copper, cobalt and zinc so far in the year. Read More
(Alliance News) - GSK PLC on Wednesday backed its full-year guidance following "another quarter of sales and core operating profit growth", despite a third-quarter profit slump driven by legal charges. Read More
<p>(Alliance News) - Eckoh PLC on Wednesday said it agreed to a takeover from certain funds managed by Bridgepoint Advisers II. <br /><br />Eckoh, a London-based provider of secure payment and customer contact products, said the bid valued it at GBP169.3 million on a fully diluted basis and implies an enterprise value of approximately GBP161.8 million.<br /><br />The buyer will fork out 54p per share in cash, an 11% premium to Eckoh's 48.5p per share closing price on August 21, before the start of its offer period.<br /><br />Eckoh shares jumped 25% to 52.65 pence each on Wednesday morning in London, giving it a market capitalisation of GBP151.1 million.<br /><br />Eckoh expects the takeover to complete in the first quarter of 2025, with shares in the company to be delisted as it plans to re-register as a private company.<br /><br />"This offer represents a strong premium and allows Eckoh shareholders to realise attractive value," said Alan Payne, partner & deputy head of Bridgepoint Development Capital. "Eckoh is an international leader in a niche software sector and at the cutting edge of customer engagement technology, and we are real admirers of the platform. <br /><br />"There is a growing need for businesses to establish secure customer payment solutions as new contact channels, payment methods and compliance regulations emerge and customer requirements evolve."<br /><br />Eckoh said: "Bridgepoint believes that with the right additional investment, Eckoh will be well-placed to succeed. <br /><br />"Bridgepoint will help unlock Eckoh's potential through geographic expansion, product innovation and expansion and targeted acquisitions - enabling Eckoh to grow its customer base and drive long-term profitable growth."<br /><br />Oryx International Growth Fund Ltd, which invests in medium and small quoted and unquoted companies in the UK and US, and is managed by Harwood Capital Management, noted the release. Oryx expects an increase in its net asset value of the September valuation to rise by about 10 pence per share and increase its cash balance by GBP8.1 million, should the offer complete. <br /><br />Oryx shares were down 1.9% at 1,191.50p each on Wednesday morning in London.<br /><br />By Tom Budszus, Alliance News slot editor<br /><br />Comments and questions to [email protected]<br /><br />Copyright 2024 Alliance News Ltd. All Rights Reserved.</p> Read More
(Alliance News) - Bank of Ireland Group PLC on Wednesday maintained its financial guidance for 2024, despite recording lower net interest income in the year so far. Read More
(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of the UK budget announcement later, while GSK hurt the FTSE 100 after a quarter of tepid vaccine sales. Read More
Imperial Brands PLC - Bristol, England-based tobacco products - Engages US investment bank Morgan Stanley to run the first part of the GBP1.25 billion share buyback that Imperial announced earlier this month. The GBP625 million tranche starts on Wednesday and will be completed by April 29. "This is part of the company's commitment to an ongoing, multi-year buyback programme that will deliver a material reduction in the capital base over time, which, together with our progressive dividend policy, will provide an ongoing source of shareholder returns," Imperial says. Read More
(Alliance News) - Next PLC on Wednesday raised its full-year outlook for the third time in three months after sales topped expectations. Read More