(Alliance News) - Eurasia Mining PLC late Monday said it has agreed to sell its West Kytlim mining operations in the Urals to a Russian company for USD9 million, saying the decision reduces the risk the mine will be nationalised by Russia without compensation in response to the freeze of Russian assets in Europe. Read More
(Alliance News) - London's FTSE 100 is set to open a touch higher on Monday, after registering a slight decline in subdued trade at the start of the week, while stocks in New York declined overnight. 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) - Citigroup Inc on Monday said it is selling the last of its business operations in Russia, and expecting to log a USD1.1 billion loss in the process. Read More
Team PLC - Jersey-based wealth, asset management and complementary financial services company - Secures approval from its shareholders at its extraordinary general meeting on Monday in relation to its GBP12.7 million all-share takeover of a London-based wealth-management firm, WH Ireland Group PLC. At the EGM, Team sought shareholder approval for the authority to issue and allot new shares in connection with the transaction. Confirms the resolution passed, satisfying an approval condition required for the deal. Notes the scheme remains subject to the satisfaction or waiver of the remaining conditions. These include the receipt of FCA approval of the acquisition of control in respect of WH Ireland, approval by scheme shareholders at the court meeting and the passing of the special resolution by WH Ireland Shareholders at the general meeting. Adds that the court meeting and general meeting are set to take place on Thursday next week. Read More
(Alliance News) - Saba Capital Management LP on Monday again called for shareholders of Edinburgh Worldwide Investment Trust PLC to vote in favour of its resolutions ahead of its requisitioned general meeting. Read More
Adalan Ventures PLC - Russia-focused fintech company, formerly known as Zaim Credit Systems PLC - Reports a pretax loss of GBP396,636 for 2024, narrowing from GBP442,336 a year earlier. Lower costs drive this improvement, as staff costs fall 19% to GBP184,536 from GBP227,459. Operating expenses edge 2.2% lower to GBP212,100 from GBP216,877. However, net debt rises 69% during the year to GBP971,467 from GBP574,831. For the year ended December 31 2024, the company's directors warned that it was "dependant on the success of future fundraising in order to meet its liabilities as they fall due." Read More
(Alliance News) - Stock prices in London closed mixed on Monday, after a day of quiet trading at the start of another holiday-shortened week, as FTSE 250 firm International Personal Finance agreed to a GBP543 million takeover. Read More
(Alliance News) - Stock prices in Europe were largely higher on Monday, with quiet trade at the start of another holiday-shortened week, which will feature Federal Reserve meeting minutes and some US data. Read More
GSTechnologies Ltd - Perth, Australia-based fintech company - Agrees to buy Polish virtual asset service provider Finferno Spolka Z Ograniczona Odpowiedzialnoscia for an undisclosed cash fee. Says the acquisition is intended to help the growth of its digital asset business, focused on both digital asset exchange and wealth management, in Poland and Central Europe. Adds that the acquisition of Finferno will allow it to launch new offerings in Poland, initially on a pilot basis. GST says it sees Poland as a "particularly attractive area for future growth" given "robust" economic growth forecasts and "surging" adoption of cryptocurrency. Read More
Metals One PLC - London-based metals exploration and development - Lions Bay Capital Inc, a mining finance and investment firm, says its 47%-owned South Africa subsidiary Lions Bay Resources Pty Ltd makes an offer for all the assets of Vantage Goldfields. Vantage is in business rescue following a mine collapse in 2016. It has assets in the Barberton region of South Africa with a historic resource of 4.5 million ounces of gold. Lions Bay offers CAD46.5 million, about GBP25.2 million, for the Vantage assets, comprised of an initial cash payment of CAD12.7 million, a second payment of CAD18.8 million in shares, and a final payment of CAD15.0 million paid a royalty on gold revenue. The share portion will be based on a price of CAD0.50 per share. The Toronto-listing closed at CAD0.33 on Wednesday last week. Read More
(Alliance News) - Tooru PLC on Monday said revenue is expected to recover following disruption caused by relocating Pulsin's factory, as it hailed a new facility increase and extension, as well as talks to grow store count. Read More