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London midday: Stocks nudge higher in pre-Christmas trading

Tue, 24th Dec 2013 11:26

- UK mortgage borrowing rises in November- Millennium & Copthorne Hotels eyes Chelsea hotel acquisition- Tullow Oil pulls plug on North Sea wellMarket MoverstechMARK 2,771.80 +0.36%FTSE 100 6,706.26 +0.41%FTSE 250 15,786.34 +0.28%London's leading shares remained in positive territory in lighter than normal trading, with financials and retail related stocks capturing modest gains ahead of Christmas break. London's stock market will close at 12:30 local time and will remain closed for the following two days.In UK economic news, net secured mortgage borrowing increased by £0.3bn in November to £781.6bn, the latest figures from the British Bankers' Association (BBA) showed. Later on Tuesday, US orders for durable goods is expected to show an increase of 2% for the month of November.Millennium & Copthorne Hotels, Tullow OilIn company news, Millennium & Copthorne Hotels said it will extend its global hotel portfolio with the acquisition of a new property in the Chelsea district of London for £65m.Elsewhere independent oil and gas exploration and production group Tullow Oil confirmed its exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. Drilling at the well in the North Sea has been terminated and will now be logged before being plugged and abandoned.British Land and real estate investor GIC confirmed they have signed a joint venture agreement to develop Broadgate, a key office complex in London."This partnership provides us with the ideal platform to deliver the long-term vision for Broadgate... from what is one of Central London's premier office locations," said British Land Chief Executive Officer Chris Grigg.Meanwhile BSkyB confirmed is has made a $350,000 equity investment in Jaunt, a technology company based in Palo Alto, California which specialises in video capture and display. The Serious Fraud Office confirmed that it has launched a formal investigation into allegations of bribery and corruption at engine maker Rolls-Royce that could lead to criminal prosecutions.FTSE 100 - RisersBritish Sky Broadcasting Group (BSY) 830.00p +2.15%International Consolidated Airlines Group SA (CDI) (IAG) 402.10p +1.85%Reckitt Benckiser Group (RB.) 4,822.00p +1.71%Sports Direct International (SPD) 728.50p +1.53%Reed Elsevier (REL) 897.50p +1.47%Persimmon (PSN) 1,219.00p +1.41%Admiral Group (ADM) 1,303.00p +1.24%Anglo American (AAL) 1,280.50p +1.23%British Land Co (BLND) 630.50p +1.20%Rexam (REX) 520.00p +1.17%FTSE 100 - FallersARM Holdings (ARM) 1,095.00p -1.35%Aviva (AV.) 441.00p -1.08%Tullow Oil (TLW) 839.00p -1.06%Hargreaves Lansdown (HL.) 1,313.00p -0.98%Glencore Xstrata (GLEN) 307.25p -0.90%CRH (CRH) 1,507.00p -0.86%Carnival (CCL) 2,452.00p -0.49%Next (NXT) 5,420.00p -0.46%Travis Perkins (TPK) 1,808.00p -0.28%Legal & General Group (LGEN) 220.80p -0.27%FTSE 250 - RisersJD Sports Fashion (JD.) 1,436.00p +6.85%Evraz (EVR) 104.40p +4.19%Partnership Assurance Group (PA.) 305.00p +4.10%Phoenix Group Holdings (DI) (PHNX) 726.50p +3.79%African Barrick Gold (ABG) 175.50p +3.66%Homeserve (HSV) 273.10p +2.79%Polymetal International (POLY) 525.50p +2.74%ITE Group (ITE) 310.00p +2.72%Fidessa Group (FDSA) 2,295.00p +2.32%Premier Farnell (PFL) 222.30p +2.25%FTSE 250 - FallersDomino Printing Sciences (DNO) 756.00p -2.45%Investec (INVP) 427.60p -2.24%Wetherspoon (J.D.) (JDW) 740.00p -1.79%IP Group (IPO) 163.50p -1.51%IG Group Holdings (IGG) 608.00p -1.38%Hellermanntyton Group (HTY) 295.90p -1.37%Diploma (DPLM) 700.00p -1.34%Close Brothers Group (CBG) 1,353.00p -1.31%Computacenter (CCC) 634.50p -1.01%Hansteen Holdings (HSTN) 107.40p -1.01%FTSE TechMARK - RisersWolfson Microelectronics (WLF) 148.00p +6.09%Triad Group (TRD) 8.00p +3.23%SDL (SDL) 355.75p +3.12%Kofax Limited (DI) (KFX) 427.75p +2.76%Optos (OPTS) 202.00p +1.51%Vislink (VLK) 45.25p +1.40%Anite (AIE) 100.75p +1.26%Vectura Group (VEC) 139.00p +0.72%Ricardo (RCDO) 670.50p +0.22%Oxford Biomedica (OXB) 2.37p +0.21%FTSE TechMARK - FallersSkyepharma (SKP) 113.25p -4.03%Consort Medical (CSRT) 954.00p -1.14%Innovation Group (TIG) 34.50p -0.72%Dialight (DIA) 837.50p -0.71%NCC Group (NCC) 185.25p -0.40%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 177.79 -0.08%CJ
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1 May 2024 18:14

IN BRIEF: Malin Corp investee signs agreement with Astellas Pharma

Malin Corp PLC - Dublin-based investor in life sciences companies - Investee company Poseida Therapeutics Inc enters into a research collaboration and licensing agreement with Xyphos Biosciences Inc, a wholly owned subsidiary of Astellas Pharma Inc. Says agreement is to develop novel convertibleCAR programs by combining the innovative cell therapy platforms from each of the companies.

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21 Mar 2024 14:59

UK shareholder meetings calendar - next 7 days

Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
Wednesday 27 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asimilar Group PLCAGM re cancellation from AQSE
Kondor AI PLCAGM
Nexus Infrastructure PLCAGM
RC365 Holding PLCGM re convertible loan note issue
Tekmar Group PLCAGM
Troy Income & Growth Trust PLCGM re proposed combination
Thursday 28 March 
Autins Group PLCAGM
Dar Global PLCAGM
Idox PLCAGM
Law Debenture Corp PLCAGM
Malin CorpAGM
MediaZest PLCAGM
React Group PLCAGM including vote on share consolidation
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

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28 Feb 2024 17:31

EARNINGS: Hutchmed revenue surges, Craven House's loss widens

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

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26 Jan 2024 14:30

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

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

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27 Oct 2023 15:17

IN BRIEF: Malin confirms new executive director joins board

Malin Corp PLC - Dublin-based investor in life sciences companies - Confirms that Fiona Dunlevy joins the board as an executive director. Outgoing Chief Executive Officer Darragh Lyons will resign from the board on December 1. These changes were first announced in July, alongside Chair Liam Daniel undertaking additional responsibilities as executive chair from October 2.

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6 Sep 2023 16:40

TRADING UPDATES: Solid State sees strong orders in security & defence

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

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30 Aug 2023 15:42

UK earnings, trading statements calendar - next 7 days

Thursday 31 August 
Aferian PLCHalf Year Results
Alfa Financial Software Holdings PLCHalf Year Results
BBGI Global Infrastructure SAHalf Year Results
Gem Diamonds LtdHalf Year Results
Gulf Keystone Petroleum LtdHalf Year Results
Grafton Group PLCHalf Year Results
Integrated Diagnostics Holdings PLCHalf Year Results
Oxford Cannabinoid Technologies Holdings PLCFull Year Results
PensionBee Group PLCHalf Year Results
PPHE Hotel Group LtdHalf Year Results
Revolution Beauty Group PLCFull Year Results
Somero Enterprises IncFull Year Results
Friday 1 September 
Diversified Energy Co PLCHalf Year Results
Monday 4 September 
Ashtead Technology Holdings PLCHalf Year Results
Belvoir Group PLCHalf Year Results
Tuesday 5 September 
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Blackbird PLCHalf Year Results
Craneware PLCFull Year Results
DS Smith PLCTrading Statement
Ecora Resources PLCHalf Year Results
Eurocell PLCHalf Year Results
Gamma Communications PLCHalf Year Results
GetBusy PLCHalf Year Results
Headlam Group PLCHalf Year Results
Johnson Service Group PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
Pebble Group PLCHalf Year Results
Shearwater Group PLCFull Year Results
SigmaRoc PLCHalf Year Results
STV Group PLCHalf Year Results
Tissue Regenix Group PLCHalf Year Results
Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Jul 2023 14:24

Malin CEO Darragh Lyons to resign before end of the year

(Alliance News) - Malin Corp PLC said that its Chief Executive Officer Darragh Lyons will resign from his position before the end of 2023, and that Fiona Dunlevy will become executive director effective from October 2.

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21 Mar 2023 15:32

Malin returns EUR140 million to shareholders through tender offer

(Alliance News) - Malin Corp PLC on Tuesday said it will return EUR140 million to shareholders, through a tender offer.

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3 Mar 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 6 March 
Gfinity PLCGM re fundraising
Logistics Development Group PLCGM re capital reduction, change of investing policy and share buyback
Tuesday 7 March 
Blackrock Income & Growth Investment Trust PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Wednesday 8 March 
Amigo Holdings PLCGM re the company's capital position
boohoo Group PLCGM re adoption of the Growth Plan
Creo Medical Group PLCGM re open offer shares
Globalworth Real Estate Investments LtdEGM re grant options and script dividends
Jersey Electricity PLCAGM
Thursday 9 March 
CT Capital & Income Investment Trust PLCAGM
Shoe Zone PLCAGM
WAG Payment Solutions PLCGM re proposed acquisition of Inelo
Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Feb 2023 18:04

UPDATE: Malin confident heading into 2023; proposes investor return

Malin Corp PLC - investor in life sciences companies - Estimated intrinsic equity value per share at December 31 rises 7.4% to EUR9.34, from EUR8.70 a year earlier. Posts 2022 pretax profit of EUR12.3 million, swinging from loss of EUR3.8 million. "We have made significant progress in supporting our assets towards key milestones and value inflection points, which have catalysed value realisation opportunities," Chief Executive Darragh Lyons says. "As we look to the year ahead, we are confident that our investee companies can continue to progress their innovative technologies and clinical programmes with the aim of advancing important therapies for patients and creating significant value for their stakeholders." In addition, plans to return EUR140 million to shareholders at EUR9.30 per share by way of a tender offer.

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16 Feb 2023 16:25

Malin to return up to EUR140 million to shareholders

(Alliance News) - Malin Corp PLC on Thursday it launched a proposed tender offer and the return of capital of up to EUR140 million to qualifying shareholders.

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23 Jan 2023 22:00

TRADING UPDATES: CyanConnode to raise funds; Pure Gold cancels listing

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

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13 Oct 2022 21:54

TRADING UPDATES: British Honey launches review; Malin agrees on case

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

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7 Sep 2022 12:36

Malin swings to interim profit as investment income surges, costs cut

(Alliance News) - Malin Corp PLC on Wednesday reported a swing to an interim profit as investment income grew and administrative expenses were slashed.

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