News

UPDATE: Shell denies holding takeover talks to buy rival BP
(Alliance News) - Shell PLC has denied it is in talks to acquire rival BP PLC after speculation about a deal that would combine the UK’s two biggest oil companies. "This is further market speculation.
Zanaga confirms high-grade DRI iron ore for low-carbon steel market
(Alliance News) - Zanaga Iron Ore Co Ltd on Wednesday said test results have confirmed that its project can produce high-grade iron ore concentrate suitable for a growing market for low-carbon steel, ...
Hargreaves Services expects forecast-beating profit and revenue
The company said it considers consensus market expectations, prior to releasing its trading update, to be GBP247.6 million in revenue; GBP16.5 million in underlying pretax profit; 42.4p in earnings ...
Ultimate Products shares slump as it warns of falling revenue, profit
(Alliance News) - Ultimate Products PLC shares slumped on Wednesday as it warned that it expects full-year adjusted earnings before interest, tax, depreciation and amortisation below consensus, with ...
Marks Electrical swings to loss but eyes growth from premium pivot
Marks said it expects improving revenue growth in financial 2026 with a higher gross margin than the prior year. It said the decision to refocus on the premium segment to improve unit economics and ...
Liontrust swings to statutory profit, holds dividend unchanged
The London-based asset manager reported statutory pretax profit of GBP22.3 million for the year ended March 31, swinging from a GBP579,000 loss the year before. Basic and diluted earnings per share ...
FDM names Alan Kinnear as chair after five years on the board
As announced by the company in March, Current Chair David Lister is retiring from the board, also effective July 30. Kinnear, who previously worked at PricewaterhouseCoopers for 35 years, joined FDM's ...
THG shares soar as returns to revenue growth in second quarter
In response, shares in THG leapt 16% to 32.52 pence each in London on Wednesday. The stock remains down 47% over the past 12 months, however. THG said following a "significant improvement" ...
LONDON MARKET OPEN: Stocks rise as tensions ease; Powell to come
A barrel of Brent rose to USD68.27 on Wednesday, from USD68.08 at the time of the London equities close on Tuesday. Oil prices had tumbled on Tuesday, with the North Sea benchmark falling as low as ...
LONDON BRIEFING: Babcock buyback; Tritax Big Box to buy Warehouse REIT
In early UK corporate news, Babcock reported a rise in annual profit and announced its first-ever buyback. Warehouse REIT agreed to a takeover from Tritax Big Box, withdrawing its support for ...
London pre-open: Stocks to nudge up after solid US session
(Sharecast News) - London stocks were set to edge up at the open on Wednesday following a solid session on Wall Street as investors kept an eye on developments in the Middle East. The FTSE 100 was ...