TRADING UPDATES: Microsalt's retail offer success; Tern CLN issue
12th Dec 2025 20:30
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Orient Telecoms PLC - Singapore-based information technology firm - Reports earnings for six months to September 30. Income in the period is GBP88,243, down from GBP118,137 a year ago. Pretax loss widens to GBP108,292 from GBP68,310, reflecting the expiry of several high-value contracts. Says administrative expenses remain well-managed at GBP157,325 compared to GBP156,151 last year, underscoring continued cost discipline. Basic loss per shares widens to 1.09 pence from 0.69 pence. Looking forward, remains confident in its strategy and long-term prospects. It foresees business performance stabilising in the second half, citing ongoing contract discussions and a healthy project pipeline. "Through technological advancement, disciplined execution, and customer-focused growth, Orient Telecoms Plc aims to deliver stronger financial results and sustainable value creation in the coming periods," Orient says. Read More
Deltic Energy PLC - investor with an exploration and appraisal portfolio in the southern and central North Sea - Enters into deferred repayment agreement with Shell UK Ltd, operator of the P2437 licence, Selene. Agreement relates to GBP1.5 million sum accrued to Deltic's account in relation to the successful Selene exploration well from April 2025 to October 2025 as well as any further sums accruing to Deltic in relation to Selene after October 2025. Agreements defers payment to February 27, with Shell able to grant extensions for up to nine months. Terms include a non-compounding interest payable to Shell at the Bank of England base rate plus 8% with interest payable monthly. Elsewhere, Deltic has drawn down the full GBP2.7 million available to it under the bridging facility provided by RockRose Energy Ltd as part of its proposed acquisition of Deltic. As of November 30 Deltic has unaudited cash of GBP1.90 million and is funded for working capital purposes until at least mid-2026. Read More
Aferian PLC - Cambridge, England-based business-to-business video streaming company - Further extends payment for USD16.5 million banking facilities with Barclays, Bank of Ireland and HSBC until January 30 to allow it to explore a sale of its Amino and 24i businesses as well as the company. The facilities may again be extended, although there is no guarantee, Aferian says. All terms remain unchanged. Additionally, the loan arranged by shareholder, Kestrel Partners LLP remains unchanged. The Kestrel Loan has a principal amount of about USD2.1 million including interest and a maturity date of January 31. Read More
Ajax Resources PLC - London-based natural resources investment company - Updates on the proposed equity fundraising announced on December 11. Says new ordinary shares will be issued at 5.5 pence, a 22% premium to the company's last fundraising round which closed on July 28. Increases amount to GBP1.2 million due to investor interest in the fundraise, which is expected to close at GMT 19:00. It has received commitments for about 90% of the fundraising amount, which includes participation from its board as well as existing significant shareholders. The funds will add to the USD400,000 from Appian Capital Advisory Ltd expected on completion of the acquisition of the Pereira Velho Gold Project. On December 11, Ajax announced heads of terms to acquire Brazil-based Pereira Velho Exploracao SA. PVESA is wholly owned by entities affiliated with Appian Capital Advisory Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Serica Energy PLC - London-based oil and gas producer - Completes the USD18.9 million acquisition of Prax Upstream Ltd from Prax Exploration & Production PLC. Serica assumes PUL's cash balance of USD34 million, USD12 million of which is restricted to cover expected Serica commitments on floating production, storage and offloading demobilisation. Prax Upstream's Lancaster field adds 5,900 barrels of oil equivalent per day to Serica's portfolio. It is expected to cease production by mid-2026 when the Aoka Mizu FPSO leaves the area. Also, completes the announced farm-in agreement for a 40% interest in the P2530 Licence from Finder Energy Holdings Ltd. The P2530 licence contains the Wagtail oil discovery and the low-risk Marsh and Bancroft exploration prospects. Read More
(Alliance News) - The FTSE 100's early promise faded on Friday amid downbeat economic growth figures and fresh US tech weakness. Read More
(Alliance News) - Cash shell Pristine Capital PLC on Friday said it will no longer be pursuing a planned acquisition and added that it will be taking legal advice after accusing one of its investors of a confidentiality breach. Read More
Chesnara PLC - Preston, England-based life and pensions consolidator - Says it has secured UK regulatory approval for its proposed GBP260 million acquisition of HSBC Life (UK) Ltd. The deal was first announced in July and is now expected to complete at the end of January 2026. The company says work will progress toward closing the transaction following the approval. Read More
(Alliance News) - Aegon Ltd's planned strategic review of its UK business has prompted strong interest from some of Britain's biggest insurers, with a potential sale valued at up to GBP3 billion, The Times reported late Thursday. Read More
Ultimate Products PLC - Oldham, England-based owner of homeware brands including Salter and Beldray - Following shareholder approval at Friday's annual general meeting, Ultimate Products says it expects to switch its London listing to AIM on January 15, from the London Stock Exchange's Main Market. In November, Ultimate Products said it had concluded the AIM market would be the most suitable listing venue for the group at the current market capitalisation. "In particular, the company's market capitalisation is well below the threshold which would enable it access to index-tracker funds which could support liquidity in the company's shares," it said at the time. Ultimate Products also anticipates some cost savings through a combination of audit, legal and other administrative savings and believes that an AIM quotation would reduce the administrative requirements of the senior management team. Read More
(Alliance News) - GreenX Metals Ltd on Friday said its acquisition of the company holding the Tannenberg exploration licences has been completed, as it noted ongoing exploration work. Read More
(Alliance News) - GSK PLC on Friday said the Committee for Medicinal Products for Human Use of the European Medicines Agency recommended the approval of depemokimab in two indications. Read More