News

LONDON MARKET MIDDAY: Stocks mostly red after weak house price data
(Alliance News) - London's stocks were mostly a notch lower at midday on Tuesday, dragged down by housebuilders after a soft UK house price reading, and as industrial firms brace for the introduction ...
Fast food delivery firms in UK to ramp up security checks
(Alliance News) - Food delivery firms in the UK will ramp up facial verification and fraud checks in the next 90 days to crack down on illegal working after talks with ministers. Deliveroo PLC, Uber ...
Southern Water receives further GBP1.2 billion equity injection
(Alliance News) - The owner of Southern Water has pumped another GBP1.2 billion into the struggling utility to help boost its finances. Sydney-based investment firm Macquarie Group Ltd – which ...
Mercia Asset Management sets share buyback as assets near GBP2 billion
(Alliance News) - Mercia Asset Management PLC on Tuesday launched a GBP3.0 million share buyback as a part of new annual buyback policy, while reporting a swing to annual profit and nearly GBP2 ...
Kitwave says fragile confidence, higher labour costs to impact profit
Kitwave Group PLC on Tuesday warned lower sales and higher employment costs would mean lower than expected profit in the coming financial year. In response, shares in the North Shields, England-based ...
London midday: Stocks turn lower as housebuilders retreat
S&P Global said that manufacturing production was lower for the eighth straight month, as companies scaled back output in response to "weak market conditions, clients offsetting higher costs through ...
CLS Holdings sells German properites for EUR41.3 million to repay debt
CLS said the sales totalled EUR41.3 million, will the proceeds earmarked for debt repayment. It added that its pro-forma loan to value ratio will drop to 47.0% at year-end from 50.7%, following the ...
AIM WINNERS & LOSERS: Kitwave suffers double-digit interim profit fall
Kitwave Group PLC, down 22% at 249.22p, 12-month range 230.00p-355.00p. The North Shields, England-based food wholesaler reports pretax profit of GBP5.6 million for the six months that ended April 30, ...
Global Smaller Cos Trust underperforms benchmark in "difficult year"
Global Smaller declared a 2.30p per share final dividend, a rise of 8.0% from 2.13p. It means its total dividend for the year is 3.00p, up 6.8% from 2.81p. It is its 55th successive dividend hike, the ...
Fears over UK fuel supplies after Lindsey oil refinery owner collapses
(Alliance News) - The group behind one of Britain's largest oil refineries has collapsed into administration, sparking fears over oil supplies and jobs. State Oil – the parent company of Prax Group, ...
Drax hires Shell executive Frank Lemmink as chief financial officer
(Alliance News) - Drax Group PLC on Tuesday said it has appointed Frank Lemmink as its new chief financial officer to replace Andy Skelton.
UPDATE: Final phase of "Not for EU" food labelling comes into force
(Alliance News) - The final phase of post-Brexit food labelling on products being shipped from Great Britain to Northern Ireland has been introduced. The "Not for EU" labels, an element of the Windsor ...