(Alliance News) - The FTSE 100 closed higher on Thursday, despite downbeat construction data, amid growing conviction of a US interest rate cut next week. Read More
Ninety One PLC and Ltd - London and Cape Town-based money manager - Forty Two Point Two acquires 627,758 shares Ninety One PLC at an average 213.98 pence, worth around GBP1.2 million, from Monday to Wednesday. Last week, it bought 144,512 shares for GBP302,724. Forty Two Point Two is wholly owned by the Marathon Trust. Chief Executive Hendrik du Toit and Finance Director Kim McFarland are associated with the trust. Ninety One Assurance Ltd directors Johan Schreuder and Malcolm Gray, and Ninety One Guernsey Ltd Director Adam Fletcher are also associates of the trust. Read More
(Alliance News) - The High Court in London on Wednesday rejected BHP Group Ltd's application for an anti-suit injunction that sought to block the latest move by class action firm Pogust Goodhead in ongoing litigation over the 2015 Fundao dam collapse in Brazil. Read More
(Alliance News) - Yellow Cake PLC on Thursday reported a rise in its net asset value as it swung to a profit and a total uranium gain from losses. Read More
(Alliance News) - Trustpilot Group PLC on Thursday afternoon rejected a report published by short seller Grizzly Research LLC. Read More
British American Tobacco PLC - London-based maker of cigarette and vaping products - Intends to sell between 7% and 15.3% of shares in ITC Hotels Ltd in a block trade through an accelerated bookbuild. Says the final number of shares sold will be determined to optimise the overall pricing outcome to the group. BAT has held 15.3% of ITC Hotels since its demerger from ITC Ltd, the Kolkata-based conglomerate with businesses across India's consumer goods sector. ITC Hotels has been trading as a publicly-listed entity since January this year. Read More
Aberdeen Group PLC - Edinburgh-based asset manager - Agrees to become the sponsoring employer of the Stagecoach Group Pension Scheme, which has over 22,000 members, assuming responsibility for the scheme's funding and managing its GBP1.2 billion in assets. Says it will receive a minority share of any future distributed surplus with the majority earmarked for members, and that due to SGPS's "strong funding position" the sponsorship will "have no significant impact on Aberdeen's capital position". SGPS has "a strong surplus position" and "will continue to 'run on'". Aberdeen says the strong alignment between it and SGPS supports investment in productive assets, and provides the opportunity to grow the surplus to increase members' benefits. Read More
(Alliance News) - Monks Investment Trust PLC on Thursday said first-half performance beat its benchmark, amid market conditions shaped by US sentiment and a shifting technology landscape. Read More
(Alliance News) - Cross-Channel train operator Eurostar and Germany's state-owned railway company Deutsche Bahn have formed a partnership aimed at introducing direct rail connections between the UK and Germany. Read More
(Alliance News) - Trustpilot Group PLC shares fell on Thursday, after short seller Grizzly Research LLC accused the Copenhagen-based consumer review platform of "mafia-style extortion campaigns against non-paying businesses". Read More
(Alliance News) - discoverIE Group PLC on Thursday announced the acquisition of antenna manufacturer Trival Antene doo for an initial cash consideration of EUR45.5 million. Read More
(Alliance News) - Stock prices in London were higher at midday on Thursday, though data showed that in November UK construction activity fell at the fastest pace since the pandemic. Read More