HSV.L Share News (HSV)

LONDON MARKET OPEN: Powell scares investors as he eyes chunky hikes

(Alliance News) - Wall Street's late rout on Thursday, leading to a rough session in Asia, spilled over to Europe on Friday morning, with a negative start to trading as the US Federal Reserve doubles down on surging inflation.

TRADING UPDATES: essensys loss widens; Fidelity Asian outperforms

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Wednesday not separately reported by Alliance News:

IN BRIEF: Homeserve's Home Experts division profitable, sees progress

Homeserve PLC - Walsall, England-based home repairs and improvements - Says it made "very good progress" in the financial year ended March 31, 2022, and delivered an acceleration in performance compared to the 2021 financial year. Its Home Experts division was profitable for the first time on a full year basis, it explains, and this was "predominantly thanks to progress at Checkatrade". The company expects Checkatrade's average revenue per trade to exceed a target of GBP1,200, up from GBP939 in its financial year 2021. Net debt at the end of March stood at around two times earnings before interest, tax, depreciation and amortisation, it says.

LONDON MARKET OPEN: Stocks down as Biden calls for war crimes trial

(Alliance News) - Stocks in London opened lower on Tuesday amid cautious trade as investors continue to track geopolitical developments.

LONDON MARKET PRE-OPEN: Moonpig confident; Go-Ahead brings back payout

(Alliance News) - Stocks in London are seen opening lower on Tuesday, with traders still mindful of the possibility of more sanctions being imposed on Russia in the wake of international outrage following killings in the Ukrainian town of Bucha.

Homeserve sees FY trading in line

(Sharecast News) - Home repairs service Homeserve, currently in the sights of Canada's Brookfield Asset Management, said it had traded in line with expectations during its fiscal year with steady policy retention rates in the UK and US.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: FTSE 100 overcomes Ukraine, inflation uncertainty

(Alliance News) - The FTSE 100 ended a positive week with cautious gains, despite ominous data on Friday pointing towards some difficult months ahead for UK consumers.

LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Jefferies upgrades HomeServe as Brookfield mulls offer

(Sharecast News) - Jefferies upgraded HomeServe to 'hold' from 'underperform' after Canadian property investment group Brookfield Asset Management announced on Thursday that one of its private infrastructure funds was in the early stages of considering a possible offer for the company.

Brookfield says in "early stages" of mulling Homeserve takeover offer

(Alliance News) - Homeserve PLC said it has not received a takeover approach from Brookfield Asset Management Inc as its shares soared on Thursday.

IN BRIEF: Ondo InsurTech starts trading after completing Leakbot deal

Ondo InsurTech PLC - Walsall, West Midlands-based detection of micro-leaks of water - Starts dealings on London Main Market, after completes reverse acquisition of HomeServe Labs Ltd from Homeserve PLC and changes name from Spinnaker Acquisition. HomeServe Labs trades as LeakBot Ltd and helps home insurers reduce claims by detecting small water leaks before they cause damage. The deal was announced back in December, with Spinnaker paying with cash, new shares and loan notes. Ondo InsurTech raises GBP3.4 million in fresh equity at 12 pence per share. The funds will be used over the next 12 months for partner development and IT system improvements. Has GBP8.2 million market capitalisation at the offer price, with 68.2 million shares in total.

IN BRIEF: Spinnaker becomes Ondo InsurTech as LeakBot deal completes

Ondo InsurTech PLC - Walsall, West Midlands-based detection of micro-leaks of water - Changes name from Spinnaker Acquisition PLC as completes reverse acquisition of HomeServe Labs Ltd from Homeserve PLC. HomeServe Labs trades as LeakBot Ltd and helps home insurers reduce claims by detecting small water leaks before they cause damage. The deal was announced back in December, with Spinnaker paying with cash, new shares and loan notes. The UK Financial Conduct Authority has approved the prospectus for this. Spinnaker will raise GBP3.4 million in a share placing and subscription at 12 pence per share as part of its relisting as Ondo InsurTech. It will have a market capitalisation of GBP8.2 million at that price. The company also issue one warrant for each two new shares. The warrants are exercisable into shares at 25p each. Re-admission to the London Main Market is scheduled for Monday.

LONDON MARKET CLOSE: Europe follows NY rebound but Fed jitters linger

LONDON MARKET CLOSE: Europe follows NY rebound but Fed jitters linger

LONDON BROKER RATINGS: Credit Suisse likes Hargreaves Lansdown, abrdn

LONDON BROKER RATINGS: Credit Suisse likes Hargreaves Lansdown, abrdn