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London Stock Exchange
305 posts
Glencore targets ASX secondary listing as surging earnings revive its copper and M&A ambitions
Glencore plans an Australian Securities Exchange secondary listing by October 2026 after first-half adjusted EBITDA surged 86%, giving Australian investors direct access to its copper, coal and commodity-trading portfolio.
Prologis agrees £14.3bn SEGRO takeover in largest 2026 UK REIT deal
Prologis will pay up to £14.3 billion for SEGRO, but H1 2027 closing hinges on shareholder votes, regulatory clearances and a fresh $2.1bn equity raise.
Glencore (LSE: GLEN) earnings jump 86% as trading windfall funds $1.5bn shareholder return
Glencore plc has beaten first-half forecasts as commodity volatility lifted trading and mining earnings. A planned Australian listing now links its copper strategy, capital returns and unresolved merger ambitions.
BP posts $5.7bn Q2 underlying profit as new CEO Meg O’Neill orders a reset
BP Q2 underlying RC profit hits $5.7bn and the dividend rises 4%. New CEO Meg O'Neill admits BP wrote off too much value, orders a portfolio and cost reset.
Prologis agrees £14bn SEGRO deal to expand European logistics and data centres
Prologis’s SEGRO deal adds European logistics and data centre scale, but share-price exposure, borrowing and integration shape the returns.
IQE plc company profile: How AI data centres and MACOM reshaped Britain’s compound-semiconductor wafer maker
IQE has emerged from weak smartphone demand, debt pressure and strategic uncertainty with a stronger balance sheet and rapidly growing exposure to artificial intelligence infrastructure. A £45 million strategic investment from customer MACOM, new indium phosphide supply agreements and upgraded 2026 guidance have transformed the near-term outlook, but dilution, manufacturing execution and a sharply higher valuation remain significant risks.
Helios Towers (LSE: HTWS) upgrades guidance again as tenancy growth accelerates
Helios Towers has raised its 2026 earnings and cash-flow forecasts after record tenancy growth, while its first dividend signals a shift towards more balanced shareholder returns.
Rentokil Initial (LSE: RTO) falls 20% after retiring US margin target
Rentokil Initial delivered stronger first-half profit and cash flow, but abandoning its 2027 North American margin target reopened doubts about the US$6.7 billion Terminix acquisition.
Amaroq (AIM: AMRQ) tops 500,000 ounces as Main Market move nears
Amaroq’s Nalunaq resource has crossed 500,000 ounces at an exceptional average grade, but reserve conversion and production delivery will determine whether the milestone supports a broader institutional rerating.
Reabold Resources and Union Jack Oil merger: Why a £6.14m deal has become a test of funding survival
Reabold Resources’ proposed acquisition of Union Jack Oil is less about headline scale than access to capital, licence security and whether combining two small AIM companies can protect assets that may otherwise remain underfunded.