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 ...
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 ...
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 ...
SSE pushes back against Ofgem after draft pricing controls release
(Alliance News) - National Grid PLC and SSE PLC on Tuesday pledged to continue to work with Ofgem after the industry regulator published its draft determination for price controls and spending between ...
LONDON MARKET OPEN: London green ahead of vote on Labour welfare cuts
The pound was quoted higher at USD1.3754 early on Tuesday in London, compared to USD1.3701 at the equities close on Monday. The euro also stood higher, at USD1.1782 against USD1.1747. Against the yen, ...
Sainsbury sales beat forecast as market share hits near decade high
By segment, Sainsbury’s sales growth was 4.9% year-on-year versus consensus of 3.7%, including Grocery sales growth of 5.0% on-year ahead of 3.8% consensus and General Merchandise & Clothing sales ...
Average UK house price dipped by 0.8% on-month in June — Nationwide
(Alliance News) - The average UK house price dipped by 0.8% month-on-month in June, according to an index. Across the UK, the typical property value in June was GBP271,619, Nationwide Building Society ...
UK welfare rebellion looms for PM despite concessions to Labour rebels
(Alliance News) - UK Prime Minister Keir Starmer continues to face the prospect of a major rebellion over his welfare cuts despite making concessions to disgruntled Labour MPs. Ministers hope a ...
BT Openreach expands fibre broadband rollout to 21 new locations
(Alliance News) - BT Group PLC subsidiary Openreach has added a further 21 locations to its full fibre broadband rollout as part of a plan to connect up to five million more UK homes and businesses by ...