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 ...
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 ...
UK energy sector set to discuss how National Grid can meet AI demand
Energy firms in Great Britain are set to discuss how the National Grid could be upgraded to cope with the future demands of AI at a meeting with ministers on Monday. The AI Energy Council are set to ...
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.
UK industrial firms to face GBP685 million property tax hit — experts
Under the new plans, a new British Industrial Competitiveness Scheme from 2027 will cut costs by up to GBP40 per megawatt hour for over 7,000 manufacturing firms by exempting them from levies on bills ...
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 ...
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 ...
Warehouse REIT suitor Blackstone mulls next steps after snub
However, the Warehouse REIT board last week withdrew that recommendation in favour of a bid from Tritax Big Box. The cash and shares deal valued Warehouse REIT at GBP485.2 million, 114.2p per share, ...
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 ...
UK competition watchdog OK's GBP4 billion Direct Line buy by Aviva
(Alliance News) - The UK Competition & Markets Authority on Tuesday green lit Aviva PLC's takeover of Bromley, London-based car and home insurer Direct Line Insurance Group PLC. London-based insurer ...
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 ...