Stm Grp. Share News (STM)

STM shares up as extends deadline for intention announcement by PSF

(Alliance News) - STM Group PLC on Tuesday extended the deadline for an announcement of a potential intention of a takeover offer by PSF Capital GP II Ltd, as general partner of PSF Capital Reserve LP.

LONDON MARKET CLOSE: Pay data lifts pound; China cheer boosts stocks

(Alliance News) - Stock prices in London closed largely higher on Tuesday, despite the FTSE 100 spending most of the day in the red, weighed down by a UK jobs data-boosted pound.

LONDON MARKET MIDDAY: Sterling climbs as UK wage growth speeds up

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth.

AIM WINNERS & LOSERS: STM surges on potential takeover offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

STM agrees in principle to potential 70p-a-share takeover

(Sharecast News) - STM Group said on Tuesday that it had agreed in principle with Pension SuperFund Capital on the key terms of a possible 70p-a-share cash offer, sending shares in the AIM-listed financial services provider surging.

LONDON MARKET OPEN: FTSE 100 lower as pound strengthens; miners rise

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors digested conflicting UK unemployment data.

STM Group agrees to possible GBP40 million cash takeover offer

(Alliance News) - STM Group PLC on Tuesday said it has agreed in principal to a potential cash takeover offer worth nearly triple its current share price.

LONDON BRIEFING: Sterling above USD1.29 as wage inflation heats up

(Alliance News) - Stocks in London were called flat on Tuesday, as investors weighed shock UK labour market data.

STM Group shares fall amid lower dividend despite higher profit

(Alliance News) - STM Group PLC on Tuesday reported a higher annual profit and revenue but opted to lower its dividend, citing exceptional costs in the first half of 2023.

IN BRIEF: STM Group reports lower new business in mixed trading update

STM Group PLC - London-based cross border financial services provider - Announces a new interest sharing policy with some of its pension members. Says STM has been negotiating with its banking partners to obtain the best rates and when this policy comes into force on July 1, it is expected to contribute at least GBP1 million annualised profit before tax going forward. Further, states income generated from client assets is expected to be higher in the current year than in the year prior as a result of the increasing interest rates. Explains both these uplifts will compensate for lower than expected new business and some significant non-recurring costs incurred such as the third party costs in relation to the strategic review. Adds recurring administration revenue from existing customers remains in line with management expectations.

TRADING UPDATES: Mosman seeks separate London listing for some assets

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

TRADING UPDATES: Triad hails recovery; Alpha Group profit tops outlook

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

IN BRIEF: STM welcomes Therese Neish back as interim CFO

STM Group PLC - London-based cross border financial services provider - Names Therese Neish as its interim chief financial officer for a contractual period of 12 months, effective immediately. Says current CFO Nicole Coll will step down from the board and leave the firm at the end of this month to "focus on her non-executive career".

IN BRIEF: STM Group interim profit falls as loses out on gains

STM Group PLC - London-based cross border financial services provider - Pretax profit in the six months to June 30 falls due to lack of gains compared to a year ago. Pretax profit dips to GBP480,000 from GBP947,000 a year ago. Revenue edges lower at GBP11.3 million versus GBP11.4 million.

UK earnings, trading statements calendar - next 7 days