UK Pension Reforms Need to Be in the Best Interest of Members

1154 GMT - The U.K. pension reforms announced by Chancellor of the Exchequer Jeremy Hunt need to be beneficial to pension members, AJ Bell head of retirement policy Tom Selby says in a note. "The 'Mansion House Compact' aim of getting at least 5% of workplace pension default funds invested in unlisted equities by 2030 might be seen as a potential boon for the U.K. economy, but any such investment needs to be done in the best interests of members," he says. According to Selby, big investments in illiquid assets could hit the value of members' retirement pots. (


British Land Reports Strong 1Q, Leasing Activity Ahead of Estimated Values

British Land Co. on Tuesday said it had a strong operational and strategic performance in the first quarter of fiscal 2024, with good leasing activity ahead of estimated rental values despite macroeconomic uncertainty.


Arcelik's Acquisition of Whirlpool's EMEA Domestic Appliances to Be Probed by U.K. Regulator

The U.K. Competition and Markets Authority said Tuesday that it is considering whether Arcelik's planned acquisition of Whirlpool's EMEA major domestic appliances business will lead to a relevant merger situation within its markets.


Norman Broadbent 1H Net Fee Income, Earnings Rose

Norman Broadbent PLC said Tuesday net fee income rose in the second quarter and in the first half of the year, and that it expects to report that Ebitda for the first half also rose on year.


Travis Perkins Names Crest Nicholson's Finance Director as Incoming CFO

Travis Perkins said Tuesday that its Chief Financial Officer Alan Williams will step down in 2024, and named Crest Nicholson's Group Finance Director Duncan Cooper as his replacement.


STM Group Gets GBP41.6 Mln Takeover Bid

STM Group on Tuesday said it agreed on terms for a takeover by Pension SuperFund Capital, which values it at 41.6 million pounds ($53.5 million).


Kingspan Sees 1H Trading Profit Slightly Up

Kingspan Group said Tuesday that it expects to report a trading profit for the first half that was slightly above the year-prior period, and that it is positioned favorably as it enters the third quarter.


Speedy Hire Targets Revenue of GBP650 Mln as Sets Five-Year Financial Goals

Speedy Hire said Tuesday that it has set series of financial targets as part of Velocity, its five-year transformation and growth strategy.


D4t4 Solutions FY 2023 Pretax Profit Rose on Lower Costs, FY 2024 In Line With Views So Far

D4t4 Solutions on Tuesday said its pretax profit rose in fiscal 2023 as it booked lower costs, and said its performance so far in fiscal 2024 has been in line with expectations.


Galliford Try Sees FY 2023 Pretax Profit at Upper End of Market Views

Galliford Try Holdings said Tuesday that it expects to report fiscal 2023 pretax profit at the upper end of market consensus ranges, and that its outlook is positive.


Chariot Raises $16.1 Mln via Oversubscribed Share Placing, Subscription

Chariot said Tuesday that it has now raised $16.1 million via the share placing and subscription first announced late on Monday, more than originally planned.


Christie Group Chair and Chief David Rugg Steps Down Immediately; COO Named New CEO

Christie Group said Tuesday that Chairman and Chief Executive David Rugg will step down with immediate effect, and named Chief Operating Officer Daniel Prickett as the new CEO.


Cornerstone FS Sees Positive 1H Adjusted Ebitda on Revenue Growth

Cornerstone FS on Tuesday said it expects to report positive adjusted earnings before interest, taxes, depreciation and amortization for the first half of 2023 given high levels of revenue growth during the period.


Sosandar's 1Q Revenue Rose

Sosandar said Tuesday that trading in fiscal 2024 to date was in line with market expectations and revenue rose in the first quarter.


Eagle Eye Solutions FY 2023 Revenue Rose, Reports Strong Momentum

Eagle Eye Solutions Group said Tuesday that it expects to report a rise in revenue for fiscal 2023 on the back of good momentum through the year, and that it has started the new financial year in a very strong position.


EMIS Group 1H Performance in Line With Views; Sees Growth Weighted to 2H

EMIS Group said Tuesday that its performance for the first half was in line with the board's expectations and consistent with guidance, and that growth for the year would be more weighted to the second half.


Bidstack Calls General Meeting for July 27 as Requested

Bidstack Group said Tuesday that it is calling a general meeting for July 27 to remove Nonexecutive Director Glen Calvert and Chief Strategy Officer Lisa Hau from the board and to appoint Nicholas Hargrave as requested.


H&T Group Says 1H Pledge Lending Demand Was Strong, Continues to Gain Momentum

H&T Group said Tuesday that demand for pledge lending in the first half remains at record levels and continues to gain momentum.


Advanced Medical Solutions Sees 2023 Results In Line With Views After 1H Growth

Advanced Medical Solutions Group on Tuesday said it is on track to meet expectations for 2023 as it reported revenue growth for the first half of the year.


Forterra Lowers Full-Year View After 1H Drop in Profits, Revenue

Forterra said Tuesday that it expects to report a significant drop in profits and revenue in the first half of 2023, and flags increased headwinds in the second half-year.


MPAC 1H Performance in Line With Expectations, Says 2023 Will Be 2H Weighted

MPAC Group said Tuesday that its performance in the first half was in line with the board's expectations and that its expects the year to be weighed more toward the second half.


Transense Technologies FY 2023 Revenue, Adjusted Earnings Rose in Line With Views

Transense Technologies said Tuesday that it expects to report a rise in revenue and adjusted Ebitda for fiscal 2023, both in line with market expectations.


Begbies Traynor Sees In-Line FY 2024 Results After FY 2023 Pretax Profit Rose

Begbies Traynor Group on Tuesday said it is confident its fiscal 2024 results will be in line with market expectations as it posted a rise in pretax profit for fiscal 2023.


Intuitive Investments' Shares Rise After Tender Offer, Naming Nigel Rudd as Chairman

Shares of Intuitive Investments Group rose 10% in early trade Tuesday after the company said that it plans to return up to 675,000 pounds ($868,050) to shareholders via a tender offer and appointed Nigel Rudd as its next chairman.


Ondo InsurTech Agrees Loan-Note Restructuring to Support Growth; Shares Rise

Ondo InsurTech shares rose Tuesday after it said it has agreed a restructuring of its five-year loan notes with its largest shareholder, in order to support rapid growth.


Revolution Beauty CEO Would Step Down on Boohoo Compromise, Sky News Reports

--Revolution Beauty's Robert Holt would quit as chief executive officer in the event of a compromise deal which is currently being negotiated to resolve a spat with major shareholder Boohoo, Sky News reports citing unnamed sources.


Europe Stocks Rise; UK Job Data Signals More Rate Hikes

1219 GMT - European stocks mostly rise after upbeat Asia trading and ahead of a likely higher U.S. open. The Stoxx Europe 600 and DAX advance 0.6% and the CAC 40 climbs 1.1%, though the FTSE 100 drops 0.2%, with luxury-goods and property stocks gaining. IG futures data show the Dow opening at 34005, versus Monday's close of 33944. U.K. labor-market data showed more job-seekers and fewer vacancies, but pay excluding bonuses rising at record levels in cash terms. While there are signs of U.K. labor-market tightness starting to ease, wage growth remains uncomfortably high given Bank of England efforts to contain surging prices, AJ Bell says. "Borrowers face more pain with the prospect of further rate hikes to come," Bell's investment director Russ Mould writes. (


Heathrow's 2023 Passenger Guidance Seen Conservative in View of China's Continuing Recovery

1119 GMT - Heathrow Airport saw June traffic remain strong at 97% of prepandemic levels, but was slightly below May's 99%, with Asia recovering to 87% of 2019, compared with 83% in May, Jefferies analysts say in a note. Traffic in the 2Q reached 20.2 million passengers implying 36.9 million passengers in 2H, which meets the mid-point of 2023 guidance range of 70 million to 78 million, or around 4% above of that seen in the 2H of 2022, analysts say. "To us this looks conservative as China continues to recover and travel demand remains strong," they say.(


D4t4 Solutions' Growth Seen Boosted by Positive Underlying Trends

1102 GMT - D4t4 Solutions' forward-looking commentary conveys optimism on future growth, Shore Capital says in a note after the AIM-listed data company posted results for fiscal 2023 and said trading so far in fiscal 2024 has been in line with expectations. "We think the results and outlook give further grounds for optimism in D4t4's medium-term growth potential, with positive underlying trends in the serviceable markets being driven by the need for better, real-time data in both the marketing and fraud-prevention worlds," analyst Martin O'Sullivan writes. Shares, which are down 30% year to date, rise 7% at 168.5 pence. (


Central Asia Metals Set to Top Copper Production Target

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07-11-23 0905ET