(Alliance News) - Renewables Infrastructure Group Ltd and HICL Infrastructure PLC on Monday said they will no longer proceed with their proposed combination, as HICL withdraws from the deal. Read More
(Alliance News) - Budget air carriers easyJet PLC and Wizz Air Holdings PLC on Monday reported no flight cancellations after "precautionary" software updates were needed on some of their Airbus fleet. Read More
(Alliance News) - Shell completes the creation of Adura with Equinor as HICL and TRIG scrap their proposed merger, while Melrose sets out its CFO succession plans. Read More
(Alliance News) - Stocks in London are set to open lower on Monday, starting the week under pressure amid renewed political scrutiny of Chancellor Rachel Reeves in Westminster and a mixed start to trading in Asian markets. 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) - Ireland's manufacturing activity expanded in November, with firms also expressing an optimistic outlook for the next year, S&P Global reported Monday. Read More
(Alliance News) - The FTSE 100 shook off hefty falls in Premier Inn owner Whitbread to end the week in positive territory, with gains elsewhere in Europe and the US too. Read More
(Alliance News) - Satsuma Technology PLC on Friday reported a widened loss, with one-off loss on derivatives and cryptocurrencies, for its first half. Read More
Tern PLC - internet-of-things focused investor - Determines that it has insufficient funds to meet capital calls by Sure Valley Ventures Enterprise Capital Fund LP. Says it has exhausted what it considers to be "all reasonable mitigation measures, including salary reductions, open offer fundraising, shareholder engagement, and collaborative effort with SVV2 to identify a replacement investor". In June, shareholders rejected a resolution to give Tern directors authority to disapply pre‑emption rights when allotting shares for cash. Then, an open offer to shareholders in October for up to GBP642,486 only delivered proceeds of GBP151,136. As a result, Tern has requested relief from its funding obligations to SVV2 and will be classified as a defaulting investor. Remedies available under the limited partnership agreement include forfeiture of existing capital or the compulsory transfer of Tern's interest in SVV2. If Tern's existing paid‑in capital is not required to be forfeited, and no other SVV2 Ltd partner elects to assume Tern's commitment, Tern's paid‑in capital will remain invested within SVV2 until the cessation of the fund, at which point any residual value will be returned in accordance with the LPA, "although defaulting investor status may reduce Tern's rights to distributions during the life of the fund and could limit Tern's recovery compared to non-defaulting investors," company notes. Read More
Aquila European Renewables PLC - managed by Aquila Capital, invests in European renewable energy assets - Appoints Robert Naylor as non-executive chair, effective Friday this week. Confirms Non-Executive Chair Ian Nolan has retired from the board as of Thursday, having served in his role since prior to the IPO in 2019. Aquila highlights Naylor's 29 years of experience in capital markets, with him specialising in the investment trusts sector. Notes his current position as lead fund manager at Achilles Investment Company Ltd, and NED at PRS REIT PLC, Niox Group PLC and Renalytix PLC. Read More
Aferian PLC - Cambridge, England-based business-to-business video streaming company - Extends payment date of USD16.5 million banking facilities to December 12. The due date was previously extended from September 30 to November 30. Aferian plans to request a further extension to January 30, although there can be no guarantee that any further extension will be agreed. All other terms remains unchanged, as do all terms of the GBP1.13 million loan arranged by Aferian's largest shareholder, Kestrel Partners LLP, due January 31. Regarding the formal sales process launched in September, Aferian says there is no guarantee that any sale agreements will be completed. It also continues to explore the potential sale of one or more of its subsidiaries. A trading update will be provided in December 2025. Aferian says cash flow and working capital continue to be carefully managed within its facilities. Read More
(Alliance News) - SolGold PLC on Friday said it has rejected a preliminary and conditional non-binding proposal from Jiangxi Copper Company Ltd. Read More
(Alliance News) - Phoenix Spree Deutschland Ltd on Friday said it plans to begin shareholder returns following the refinancing of its debt facilities. Read More
(Alliance News) - Atlas Metals Group PLC on Friday said it updated the competent person's report in relation to its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd, demonstrating "more potential" at the quarry it has commercial rights to. Read More
(Alliance News) - Hydrogen Utopia International PLC shares jumped on Friday as it said its relationship with Saudi Investment Recycling Co has "advanced rapidly" since it started discussions in July. Read More