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Lastest Finance News

IN BRIEF: Pod Point interim CFO takes leave due to ill-health

9th May 2025 21:44

Pod Point Group Holdings PLC - London-based electric vehicle charging network operator - Interim Chief Financial Officer Mike Killick to take leave of absence due to ill-health with immediate effect. Mike will step down from the board of directors of Pod Point during this period of absence, company says. Pod Point says "robust cover" has been put in place to ensure continuity. Killick's duties will be covered by Michael Jay, deputy chief financial officer, who has worked at Pod Point for two years and held a number of senior finance roles in both public and private companies. Jay will be supported by other members of the leadership team along with Margaret Amos, chair of the Audit & Risk Committee. Read More

IN BRIEF: Panmure Liberum completes PSC sale of BP Marsh stock

9th May 2025 20:01

BP Marsh & Partners PLC - London-based private equity firm, investing in early-stage financial services businesses - Panmure Liberum Capital Ltd says sale of 1.9 million shares in BP Marsh by PSC UK Pty Ltd is completed. The shares, 5.2% of BP Marsh's issued share capital, are placed at 630 pence each. On completion, PSC holds just under 15% stake in BP Marsh. The remaining shares are subject to a 60-day lock-up. BP Marsh will not receive any proceeds from the placing. Read More

IN BRIEF: Genflow Biosciences says investment a vote of confidence

9th May 2025 18:42

Genflow Biosciences PLC - London-based biotechnology firm, which has research facilities in Belgium - raises GBP500,000 via an allotment to Chief Executive Eric Leire of 62.5 million shares at 0.8 pence each. The net proceeds will be used to advance a proof-of-concept trial evaluating the safety and efficacy of its therapeutic candidate in aged dogs, potentially being also a key translational model for age-related conditions in humans. On allotment, Leire agrees to sell these shares at the same price to an already identified purchaser. Leire says: "This investment, without applying any discount, is a strong vote of confidence in our science." He adds: "With this support, we are well-positioned to accelerate our research and bring us closer to delivering impactful solutions to patients." Read More

PRESS: Santander rejected GBP11 billion bid from NatWest for UK arm

9th May 2025 18:41

(Alliance News) - Banco Santander SA rejected a bid worth about GBP11 billion for its UK retail bank from NatWest Group PLC earlier this year after the Spanish lender said the offer was too low, the Financial Times reported on Friday. Read More

Starmer not ruling out tech tax changes as part of future trade deal

9th May 2025 18:22

(Alliance News) - UK Prime Minister Keir Starmer has declined to rule out changes to taxes on tech giants as part of a future trade deal with the US. Read More

Marula Mining completes wet commissioning at Kilifi manganese plant

9th May 2025 17:06

(Alliance News) - Marula Mining PLC on Friday said it has completed wet commissioning of the Kilifi manganese processing plant in Kenya. Read More

CORRECT: Stocks up amid hopes of lessening trade tensions

9th May 2025 16:58

(Corrects share prices of International Consolidated Airlines and LondonMetric at market close) Read More

LONDON MARKET CLOSE: Stocks up amid hopes of lessening trade tensions

9th May 2025 16:45

(Alliance News) - Stock prices in London closed in the green on Friday, as investors continue to digest the new US-UK trade deal and look to talks starting this weekend between the US and China. Read More

IN BRIEF: Next Chief Executive Simon Wolfson sells 100,000 shares

9th May 2025 16:22

Next PLC - Leicester-based clothing and homeware retailer - Chief Executive Simon Wolfson sells 100,000 shares at 12,362.49 pence each on Thursday. Worth around GBP12.4 million. Read More

Belluscura launches strategic review as seeks working capital boost

9th May 2025 15:51

(Alliance News) - Belluscura PLC on Friday said it is initiating a strategic review to "strengthen its capital position" in a bid to generate sufficient working capital. Read More

London Security warns of potential downturn as profit slips in 2024

9th May 2025 15:08

(Alliance News) - London Security PLC on Friday reported lower profit in 2024 and said the markets it operates in could be entering a period of low growth. Read More

Tariffs not causing "dramatic" shift in UK economy, BoE's Pill says

9th May 2025 14:42

(Alliance News) - Tariffs and trade uncertainty are not causing a "dramatic" shift in the UK economy, the Bank of England's chief economist has said, as he cautioned over "misleading" views on the impact of the new UK-US trade deal. Read More

IN BRIEF: Silver Bullet raises GBP200,000 via convertible loan notes

9th May 2025 14:27

Silver Bullet Data Services Group PLC - London-based marketing services provider - Raises GBP200,000 via the issue of convertible loan notes, with a conversion price of 36 pence. The notes will provide the company with additional working capital to support the "significant growth" in 4D sales and services offering. Read More

UK earnings, trading statements calendar - next 7 days

9th May 2025 14:07

Read More

IN BRIEF: CyanConnode names Bjorn Lindblom chair and John Cronin CEO

9th May 2025 14:07

CyanConnode PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Names Executive Chair John Cronin as the firm's new chief executive officer, effective immediately. This formally separates the CEO and chair role within the company. Also promotes Non-Executive Director Bjorn Lindblom to non-executive chair, effective immediately. Lindblom is the former CEO of Connode AB, which was acquired by Cyan PLC in 2016 to form CyanConnode. Read More

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