News

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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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, ...
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 ...
Irish manufacturing activity growth hits highest level since May 2022
The latest reading marked the sixth consecutive month of expansion, hitting the highest level recorded since May 2022. David McNamara, AIB chief economist, said: "The rise in June was broad-based, ...