Jangada investee Axies eyes AIM float later in October
(Alliance News) - Axies Ventures Ltd, backed by London-listed, is set to list on AIM later this month, according to a filing on Wednesday. Read More
(Alliance News) - Axies Ventures Ltd, backed by London-listed, is set to list on AIM later this month, according to a filing on Wednesday. Read More
(Alliance News) - Meantime Resources PLC on Tuesday announced a plan to list on London's junior AIM market, with the firm targeting an acquisition of a precious and base metals asset. Read More
Renew Holdings PLC - Leeds, England-based engineering services group that provides maintenance for infrastructure networks in the UK - Says it expects to report "record levels of revenue and operating profit" for the year ended on September 30. The company says it expects full-year adjusted revenue and adjusted operating profit in line with market consensus of GBP1.19 billion and GBP77.7 million respectively. Renew says: "The record performance delivered during the year reflects the resilience of the group’s operating model and the quality of its increasingly diversified end-market exposure." Renew says its net cash position was ahead of market expectations. Company-compiled consensus expects pre-IFRS 16 net cash of GBP6.3 million. Renew attributes this balance sheet strength to receiving a one-off insurance payment of around GBP6.9 million "relating to the settlement of historical claims". Renew says its cash position allows it to progress its mergers pipeline and that it plans to expand in the water and energy markets both organically and through targeted acquisitions. Renew says it is confident in its "prospects for the year ahead and beyond." It will announce annual results on November 24. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Hercules PLC - Cirencester, England-based labour supply company for the UK infrastructure and construction sectors - Appoints Gary Fraser as its next chief financial officer, succeeding Paul Wheatcroft, who will remain with the company until March 31. Incoming CFO Fraser will join Hercules on January 4. Fraser is currently divisional finance director at Tetra Tech Europe, a consulting and engineering services business with a focus on water, environment and sustainable infrastructure. Read More
(Alliance News) - Stocks slumped in London on Thursday, although they recouped some earlier heftier falls, as bond yields climbed to multi-decade highs amid concerns of rising inflation and interest rates. Read More
Renew Holdings PLC - Leeds-based engineering and maintenance group - Reports record revenue and operating profit for the year ended September 30, with trading in line with market expectations. Says performance reflects the "resilience of the Group's operating model" and increasingly diversified end-market exposure. Continues to focus on water and energy markets, supported by acquisitions of Emerald Power Ltd, Edwards Diving Services Ltd, PWR-X Ltd and Electricity Distribution Engineering Services Ltd. Says acquisitions are integrating well and expects to expand in these markets organically and through further earnings-enhancing acquisitions. Balance sheet remains strong, ending the year with a net cash position ahead of market expectations, partly due to a one-off GBP6.9 million insurance payment relating to the settlement of historical claims. Says increased participation in attractive end markets with visible and committed investment programmes contributes to a record order book at September 30, providing confidence in prospects for the year ahead and beyond. Will announce preliminary results on November 24. Read More
(Alliance News) - Fiinu PLC on Thursday said its subsidiary Everfex PSA has applied for protective restructuring proceedings with the competent Polish court. Read More
(Alliance News) - The UK has announced a fresh wave of sanctions targeting the Kremlin's war chest, "propagandists" and people accused of involvement in the torture of Ukrainian civilians. Read More
(Alliance News) - Ireland's harmonised annual consumer price index inflation rate was higher in September than in August, preliminary data published by the Central Statistics Office showed Thursday. Read More
(Alliance News) - The following is a round-up of updates by FTSE 100-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Amaroq Ltd on Thursday said it had completed its 2026 drilling programme at the Nanoq Gold Project in South Greenland and reported positive metallurgical test results. Read More