(Alliance News) - UK grocery sales picked up but price inflation eased, according to data from Worldpanel on Tuesday, while Tesco PLC achieved its strongest period of sales growth for almost two years. Read More
(Alliance News) - Unilever made its acting finance chief permanent, Anglo American finalised a copper deal with Codelco and Kier Group says it is trading ahead of expectations. Read More
(Alliance News) - The UK unemployment rate was unmoved in July, as expected, numbers on Tuesday showed. Read More
(Alliance News) - US President Donald Trump will touch down in the UK on Tuesday ready to embark on his controversial second state visit. Read More
(Alliance News) - UK Prime Minister Keir Starmer is facing the prospect of further questions about his leadership after sacking Peter Mandelson as ambassador to Washington over his links to the paedophile Jeffrey Epstein. Read More
Spirent Communications PLC - Crawley, England-based test and assurance solutions provider - A Chinese regulatory decision for the acquisition of Spirent by Keysight Technologies Inc is "not yet received", Spirent says on Monday. As a result, a court hearing planned for Tuesday will now "be used to consider the application to the court in respect of the long stop date extension". Earlier in September, Keysight and Spirent had agreed to extend the long stop date to October 27 from September 29. In March 2024, Spirent agreed to a takeover proposal from California-based manufacturer of electronics test and measurement equipment and software Keysight to buy the FTSE 250 firm for 201.50 pence per share, which valued Spirent at GBP1.16 billion. Read More
Castelnau Group Ltd - Guernsey-based closed-ended investment company - Secures new GBP65 million 3-year loan facility with Shawbrook Bank Ltd, a UK provider of specialist financing products to businesses. The loan is a secured revolving credit facility secured by assets of the company at an "attractive" interest rate, Castelnau says. The loan will initially be drawn to repay the existing GBP60 million loan from Phoenix UK Fund Ltd and associated costs of the refinancing, and will result in "significant" interest cost savings, Castelnau adds. 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) - Stocks in London are set to open a touch higher on Tuesday, ahead of UK unemployment data and before the Federal Reserve meeting begins. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Vast Resources PLC - London-based miner in Romania, Tajikistan and Zimbabwe - Updates on operating sites in Romania. Says initial public and private tenders of the diamond parcels are planned to begin this month and continue through October. Continues to work with specialist consultants to further develop new cleaning and sorting processes specific to eluvial stones, which it says require several layers of cleaning and preparation to maximise their value at tender. This five-stage cleaning process has greatly improved the value of the parcels, adds. However, "in opting to follow this route to sale...the cost of achieving materially improved financial recoveries requires additional time to process the stones thoroughly". Read More
Augmentum Fintech PLC - London-based investor focused on European private fintech companies - Notes initial public offering of New York-based cryptocurrency exchange and custodian bank Gemini Space Station Inc. Augmentum holds an equity interest representing 3.4% of Gemini's net asset value. Gemini began trading on September 12 on the Nasdaq Global Select Market under the ticker GEMI, priced at USD28 per share (valuing the business at around USD3.33 billion on a fully-diluted basis). The IPO was upsized following strong investor demand, which included significant participation from retail investors. Nasdaq has agreed to invest USD50 million in Gemini via a private placement and establish a strategic partnership across custody, staking and collateral management services. Augmentum's holding will be subject to a customary six-month post-IPO lock-up period. Read More
(Alliance News) - Knights Group Holdings PLC on Monday reported a decline in profit during its most recent financial year, as acquisition-related expenses hurt the firm's bottom line despite an increase in revenue. Read More
(Alliance News) - Stock prices in London closed mostly lower on Monday, as markets mainly price in an interest rate cut from the US Federal Reserve, and a hold from the Bank of England, this week. Read More