Global Smaller Cos Trust underperforms benchmark in ‘difficult year’

Global Smaller Cos Trust PLC on Tuesday reported a decline in its net asset value amid a ‘challenging time for the portfolio’.

The investor in...

Tue, 01/07/2025 - 10:38


Fears over UK fuel supplies after Lindsey oil refinery owner collapses

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...

Tue, 01/07/2025 - 10:32


Drax hires Shell executive Frank Lemmink as chief financial officer

Drax Group PLC on Tuesday said it has appointed Frank Lemmink as its new chief financial officer to replace Andy Skelton.

The Selby, England-based electricity generator...

Tue, 01/07/2025 - 10:30


UPDATE: Final phase of ‘Not for EU’ food labelling comes into force

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...

Tue, 01/07/2025 - 10:30


Warehouse REIT suitor Blackstone mulls next steps after snub

Blackstone Inc said Tuesday it is ‘considering its options’ after being snubbed by Warehouse REIT PLC, as the industrial property investor’s board shifted its support...

Tue, 01/07/2025 - 10:27


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...

Tue, 01/07/2025 - 10:20


UK manufacturing downturn eases in June as decline in new orders slows

The UK manufacturing sector remained in contraction territory in June, numbers on Tuesday showed, though the downturn eased to its least negative reading in five...

Tue, 01/07/2025 - 10:08


SMALL-CAP WINNERS & LOSERS: Augmentum swings to loss as NAV declines

The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Synthomer PLC, up 3.3% at 113.00 pence, 12-month...

Tue, 01/07/2025 - 10:07


UK competition watchdog OK’s £4 billion Direct Line buy by Aviva

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...

Tue, 01/07/2025 - 10:03


SSE pushes back against Ofgem after draft pricing controls release

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...

Tue, 01/07/2025 - 09:59


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