(Alliance News) - BP on Friday warned of impairments of up to USD1.5 billion in its upcoming second quarter numbers, Warehouse REIT threw its support behind a new Blackstone takeover offer, while gambling firm Flutter did some deal-making of its own. Read More
(Alliance News) - Heathrow Airport has unveiled a GBP10 billion investment plan to expand capacity over the next five years, aiming to handle an extra 10 million passengers by 2031. Read More
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Property portfolio is independently valued at EUR193.9 million as at June 30, down slightly from EUR194.0 million at March 31, and is 6.9% lower from EUR208.3 million as at June 30, 2024. Says total portfolio values remain resilient in the third quarter of its financial year. Notes that declines in some sectors help offset robust industrial portfolio valuations and an uplift in Berlin. Schroder European Real Estate has changed valuers from Knight Frank to Savills effective from June 30, 2025. Read More
(Alliance News) - The UK economy suffered another decline in May, falling well-short of expectations of growth, numbers son Friday showed. Read More
(Alliance News) - Stocks in London are set to open flat on Friday, following a strong gain on Thursday, while sterling tread water ahead of UK economic data. 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
Strix Group PLC - Isle of Man-based supplier of kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Confirms that a competitive refinancing process will be formally initiated in the coming weeks to provide cost effective and flexible funding to support the medium-term investment-driven growth aspirations. In addition, names Rachel Pallett as Chief Commercial Officer with effect from Thursday. Pallet has been part of the senior management team since 2023. Read More
Brooks Macdonald Group PLC - London-based wealth manager - Says funds under management and advice rose to GBP19.2 billion in the three months to June 30, the financial fourth quarter, from GBP16.4 billion a year prior, and from GBP18.6 billion a quarter prior. Funds under management increased to GBP16.6 billion from GBP16.0 billion at March 31. Advised only assets were GBP2.6 billion, up slightly from GBP2.5 billion quarter-on-quarter. Fourth quarter net outflows of GBP5 million represent a significant improvement versus third quarter net outflows of GBP129 million and the best quarterly performance in two years, the company says. Overall, the board anticipates the full year performance to be in line with market expectations. Read More
Pebble Group PLC - Manchester, England-based provider of products and services to the global promotional products industry - provides an update on trading for the six months to June 30. Says revenue and adjusted earnings before interest, tax, depreciation and amortisation is in line with management's expectations despite currency headwinds on the translation of USD:GBP. To date, there has been no significant effect on revenue from tariffs currently implemented on goods imported into the US, and at this time, the 2025 forecast remains in line with expectations. At Facilisgroup, revenue is expected to be broadly in line while Brand Addition revenue is seen 4% behind the prior year. Read More
Northcoders Group PLC - Manchester-based software coding training provider - Says it is "confident in the long term funding outlook" but notes delays in recent months. In April, Northcoders said government funding would move to a fully regional model. By now, it expected "many of the regional authorities would have made funding awards". However, it says Thursday that some "regional authorities have yet to issue tenders or confirm exact future funding allocations". "We continue to receive updates suggesting delays, rather than cancellations," it adds. As such, expects revenue and profitability "to be unpredictable for the remainder of the current year and we are therefore unable, with confidence, to support current market expectations". Read More
(Alliance News) - Mulberry Group PLC shares climbed on Thursday after it raised GBP20 million from stakeholders Frasers Group PLC and Challice Ltd, following confirmation of a sharp decline in annual sales. Read More
(Alliance News) - Britain and France took a key step to underpin Europe's security by agreeing to tighten nuclear cooperation, as the region frets over the US commitment to its defence and Russian ambitions. Read More
(Alliance News) - London's FTSE 100 hit an all-time peak on Thursday, fuelled by gains in mining stocks, as investors shrugged aside Donald Trump's latest tariff moves. Read More