Mccoll's Share News (MCLS)

UPDATE: Morrisons criticises rejection of rescue offer for McColl's

(Alliance News) - Former London-listed Wm Morrison Supermarkets on Friday afternoon responded to news that McColl's Retail Group PLC has been put into administration, branding the move "damaging and unnecessary".

IN BRIEF: Smiths News shares tumble as McColl's poses bad debt risk

Smiths News PLC - Swindon, England-based newspaper and magazine wholesaler - Notes confirmation earlier on Friday that McColl's Retail Group PLC has entered administration. Smiths serves around 600 McColl's stores, posing a GBP6 million to GBP7 million bad debt risk, with GBP1.2 million currently overdue, it notes. Says banking covenants will not affected by the news.

McColls goes into administration with 16,000 jobs at risk

(Sharecast News) - Troubled UK retail chain McColl's went into administration on Friday after talks with Morrisons to buy the chain of convenience stores fell through.

TOP NEWS: McColl's slides into administration after rescue talks fail

(Alliance News) - McColl's Retail Group PLC said Friday it has been left with "no choice" but to be placed into administration, after the failure of financing talks with lenders.

LONDON MARKET MIDDAY: Stocks sink amid fear of inflation and its cure

(Alliance News) - Stock prices in London were lower at midday on Friday as concerns over rising interest rates and surging inflation plague investors.

SMALL-CAP WINNERS & LOSERS: McColl's rises on Morrison rescue hopes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

PRESS: Morrisons proposes McColl's last-ditch rescue deal - Sky News

(Alliance News) - Former London listing Wm Morrison Supermarkets has proposed an eleventh hour deal to save beleaguered convenience store chain McColl's Retail Group PLC, Sky News reported on Friday.

McColls shares plunge as administration looms

(Sharecast News) - Shares in UK convenience store chain McColl's slumped on Friday as the company said it was increasingly likely to call in administrators as it continued to talk to lenders about a rescue deal.

TRADING UPDATES: McColl's "likely" on brink of administration

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

McColl's Retail to suspend shares as financing talks delay results

(Alliance News) - McColl's Retail Group PLC said on Tuesday it will request a temporary suspension of its shares following a delay to the publication of its financial 2021 annual report.

LONDON BRIEFING: BP falls to loss on Rosneft hit but underlying surges

(Alliance News) - BP on Tuesday said it swung to a first-quarter loss due to its decision to exit from its shareholding in Rosneft in response to Moscow's invasion of Ukraine; however on an underlying basis, the oil major reported a big jump in profit.

McColl's plans share suspension as crisis talks continue

(Sharecast News) - McColl's Retail said it would miss the deadline for publishing its annual results at the end of May and that it expected to suspend its shares from 1 June.

UK earnings, trading statements calendar - next 7 days

SMALL-CAP WINNERS & LOSERS: National Express lifts transport providers

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

LONDON MARKET CLOSE: Stocks sink on China lockdown, Fed hike fears

(Alliance News) - Stocks in London ended sharply lower on Monday on fears that Covid-19 lockdowns will extend to China's capital city, as cases spike.