5th Mar 2026 13:21
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Senior PLC - Hertfordshire-based engineering and manufacturing company - Confirms receipt of preliminary all-cash takeover approach from Arcline Investment Management LP on February 21 for the entire issued and to be issued share capital of the company. Says discussions with Arcline and other potential offerors remain ongoing. Notes there can be no certainty that an offer will be made, nor as to the terms. Under UK Takeover Code, Arcline has until April 1 to announce a firm intention to make an offer or confirm it does not intend to proceed. Announcement is made without Arcline's consent.
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Drax Group PLC - Selby, North Yorkshire-based electricity generator - Says Chief Financial Officer Frank Lemmink will take a six-month medical leave of absence with immediate effect. Deputy Chief Financial Officer Daniel Peacock is appointed interim CFO for the duration of the leave, reporting to Chief Executive Will Gardiner. Board composition remains unchanged.
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SSP Group PLC - London-based operator of food and beverage outlets in travel locations - Appoints Andrew Martin as chair, effective June 1. He will also take on the role of chair of the nomination committee. Martin succeeds Carolyn Bradley, who has served as interim chair since the company's annual general meeting in January and will remain on the board as senior independent director. Martin is currently chair of Intertek Group PLC and will step down at the end of May after more than five years in the role. He previously served as chair of Hays PLC and as a non-executive director at easyJet PLC and John Lewis Partnership PLC. Earlier in his career, he held board-level executive roles at Compass Group PLC, including group chief operating officer for Europe and Japan and group finance director.
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3i Infrastructure PLC - Jersey-based infrastructure investment trust - Agrees to sell its 71% stake in TCR, an independent lessor of airport ground support equipment. Expected net proceeds are around EUR1.14 billion, representing a roughly 22% uplift to the September 30, 2025 valuation and about 50% above the March 31, 2025 valuation before the exit process began. Completion is subject to customary regulatory approvals and is expected in the third quarter of 2026. 3i Infrastructure says proceeds will be used to repay drawings on its revolving credit facility and to fund further investment in its portfolio and potential new acquisitions. At March 5, drawings on the company's GBP900 million multi-currency facility totalled EUR626 million. Since December, it has invested EUR131 million in bolt-on acquisitions for ESVAGT and Joulz.
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Canal+ SA - Paris-based media and entertainment group - Says subsidiary MultiChoice will discontinue its Showmax streaming service following a comprehensive review of its streaming activities. The decision reflects a focus on financial discipline and investment optimisation, as substantial annual losses at Showmax proved unsustainable in an increasingly competitive global streaming market. No retrenchments are planned, with employees to be supported through transition options. Canal+ says it will continue to invest in premium content, technology and partnerships to strengthen its position in the African entertainment market.
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Resolute Mining Ltd - Africa-focused gold miner - Reports total mineral resources up 60% year-on-year to 17.6 million ounces of gold as at December 31, while total ore reserves rise 55% to 6.8 million ounces. For 2026, the company announces an exploration budget of between USD15 million and USD25 million, aimed at further resource growth and reserve conversion.
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By Eva Castanedo, Alliance News reporter
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Related Shares:
DraxSeniorSSP GroupIntertek GroupHayseasyJetCompass GroupCanal+3i Infrastructure