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1 week ago | 
marketscreener.com | Eric Cunha
(Alliance News) - The Bank of England left interest rates unmoved on Thursday, though the vote split had a more dovish tilt than expected. The BoE left bank rate unmoved at 4.25% on Thursday, as expected. According to the central bank, six policymakers, Governor Andrew Bailey included, backed the move. Three would have preferred a 25 basis point cut to 4.00%, namely Swati Dhingra, Dave Ramsden and Alan Taylor.
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1 week ago | 
marketscreener.com | Eric Cunha
(Alliance News) - NextEnergy Solar Fund Ltd on Thursday announced a new, reduced investment management fee structure. The investor in solar energy and energy storage said the changes takes effect from the start of April 2025, the beginning of its financial year. Based on its share price at the start of April, the new structure implies a 13% fall in fees.
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1 week ago | 
marketscreener.com | Eric Cunha
abrdn Asia Focus PLC - investor in smaller, listed companies in Asia and Australasia - Will be promoted to FTSE 250 index from Monday, index operator FTSE Russell said Wednesday. The investor will replace Urban Logistics REIT PLC, which is being acquired by LondonMetric Property PLC. LondonMetric in May said it agreed to acquire Urban Logistics REIT in a cash-and-share deal worth approximately GBP698.9 million at the time.
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1 week ago | 
marketscreener.com | Eric Cunha
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:Journeo PLC - Leicestershire-based transport system services provider - Subsidiary Infotec receives USD2.7 million purchase order from Outfront Media Group. The deal is for the supply of display systems for the New York City Metropolitan Transportation Authority.
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1 week ago | 
uk.marketscreener.com | Eric Cunha
(Alliance News) - Frasers Group PLC on Thursday cooled its takeover interest in Revolution Beauty Group PLC. The Sports Direct and Flannels owner ruled out a bid for the London-based cosmetics retailer. Frasers had earlier this month confirmed it was evaluating a possible all-cash offer for Revolution Beauty, which has been in a "formal sale process" since May. Revolution Beauty noted the Frasers announcement.
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1 week ago | 
uk.marketscreener.com | Eric Cunha
(Alliance News) - Hays PLC on Thursday said it expects annual profit to be below market consensus, as the staffing firm grapples with challenging market conditions. Hays shares dropped 14% to 60.38 pence in London early Thursday morning, the worst performer in the FTSE 250 index. Hays said permanent recruitment markets have been particularly hurt, amid "low levels of client and candidate confidence".
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1 week ago | 
uk.marketscreener.com | Eric Cunha
(Alliance News) - A potential suitor of Renold PLC has ruled out making a firm takeover offer, in the wake of the supplier of industrial chains and power-transmission products agreeing to a separate private equity bid. A consortium consisting of funds managed or advised by Buckthorn Partners LLP and One Equity Partners IX LP does not "intend to make a firm offer for Renold", according to a statement on Wednesday. Renold shares closed 4.6% lower at 80.90 pence each in London on Wednesday.
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1 week ago | 
in.marketscreener.com | Eric Cunha
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:S&U PLC - Solihull, England-based lender focused on motor finance and property bridging - Ahead of annual general meeting on Wednesday, S&U says its "optimism" displayed in results for year to January 31 has been justified by the 2group's recent performance". It highlights trading over past two months.
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1 week ago | 
uk.marketscreener.com | Eric Cunha
(Alliance News) - PZ Cussons PLC on Wednesday said it has sold its stake in a Nigerian joint venture, and the Carex brand-owner trimmed the top end of its annual profit outlook. Manchester-based PZ Cussons, which also owns Imperial Leather and St Tropez, said it has sold its 50% stake in Nigerian edible oils firm PZ WIlmar for USD70 million. The stake has been sold to joint-venture partner Wilmar International Ltd. PZ Wilmar sells edible oils under the brand names Mamador and Devon King's.
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1 week ago | 
marketscreener.com | Eric Cunha
(Alliance News) - AO World PLC on Wednesday hailed a "record" performance, and it expects to report further growth in the new financial year. The Bolton, England-based online electrical goods retailer reported a 40% decline in pretax profit for the year ended March 31, to GBP20.6 million from GBP34.3 million. On an adjusted basis, however, surged 27% to GBP43.5 million from GBP34.3 million. On a like-for-like basis, adjusted pretax profit shot up 32% to a record GBP45.2 million.
