(Alliance News) - Retailer Next raises its annual profit guidance, while Wizz Air sets new medium-term targets and ups its second-quarter revenue outlook after a good summer period. Baillie Gifford US Growth Trust urges shareholders to reject Saba's board nominees. Read More
(Alliance News) - Rift Helium PLC on Wednesday reported increased costs for the first six months of 2026 as it moves towards executing its flagship project in Tanzania. Read More
(Alliance News) - Stocks in London are set to open higher on Thursday after the Federal Reserve delivered its first interest rate increase in more than three years, while investors now turn their attention to the Bank of England's policy decision. Read More
(Alliance News) - Cinema operator Vue Entertainment International Ltd is considering an initial public offering in London, four years after a GBP1 billion debt restructuring amid the trauma of the Covid-19 pandemic, the Financial Times reported on Thursday. Read More
Coinsilium Group Ltd - Gibraltar-based blockchain investment firm - Signs a convertible loan agreement with Beating Heart Pte Ltd, a Singapore-incorporated company developing an AI-powered advertising and commercial content-production platform. Under the agreement, Coinsilium subsidiary Seedcoin Ltd is to provide BeatingHeart with a 30-month convertible loan facility of up to USD250,000. Seedcoin has paid a first instalment of USD100,000, with two further instalments of USD75,000 expected to be paid over the next four months. Conversion of the principal would result in Seedcoin taking an 8% stake in BeatingHeart. Read More
Facilities by ADF PLC - Bridgend, Wales-based provider of production and support vehicles for the TV and film industry - Reports results for the first half of 2026. Group revenue decreases 4.6% to GBP16.6 million from GBP17.4 million the year before, "reflecting the weak UK film and HETV production market where overall production spends declined 15.6% in the same period." Pretax loss widens to GBP3.3 million from GBP2.0 million. CAD Services revenue falls to GBP9.4 million from GBP10.8 million; Location One revenue rises to GBP3.3 million from GBP3.1 million; and Autotrak revenue rises to GBP3.9 million from GBP3.5 million. Says first-half performance was "lower than anticipated." Combined with "the current shape of the Q4 pipeline," this means Facilities now expects full-year results "below current market expectations." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Symphony Environmental Technologies PLC - Hertfordshire, England-based biodegradable plastic technology developer - Reports results for the first half of 2026. Revenue grows 23% to GBP3.6 million from GBP2.9 million. Pretax profit is GBP55,000, flipped from a GBP503,000 loss. Gross profit increases to GBP2.1 million from GBP1.5 million, with the margin increasing to 59% from 51%. Symphony says it maintained commercial momentum across its technology portfolio, noting further full-container NbR orders and repeat orders for the d2p AI insecticidal technology. Results follow Symphony's announcement on Tuesday that independent test results for its d2p Ethylene Adsorber 'EA' active packaging technology have strengthened its evidence base, and that it has delivered its first commercial container-load to Sirane Central Americana in Mexico. Testing found that d2p EA reduced ethylene concentrations by 16.8% to 46.7%, compared with 0.8% to 4.0% for the conventional polyethylene packaging. Looking ahead, Chief Executive Michael Laurier on Wednesday says Symphony enters the second half with "a more robust foundation from which to build performance through the remainder of the year and beyond," and that it expects to be "in a stronger financial position at the year end and to be better positioned for sustained growth beyond 2026." Read More
Volvere PLC - Leamington Spa, England-based investor in undervalued or distressed businesses - Reports results for the first six months of 2026. Group revenue decreases 6.7% to GBP22.2 million from GBP23.8 million the previous year. Pretax profit falls 76% to GBP691,000 from GBP2.9 million. Says it "delivered a solid set of results, notwithstanding the effects of weaker comparable trading in [Shire Foods]". Notes that "virtually all" revenue relates to Shire, Volvere's 80%-owned food manufacturing subsidiary. Group assets total GBP48.0 million at June 30, up from GBP43.5 million one year prior, including GBP30.3 million in cash and available-for-sale investments, down on-year from GBP32.0 million. Volvere says it has seen "relatively high costs across the board," and expects an estimated GBP360,000 per annum impact on profit from changes obliging it to pay for collection of factory waste. It has also "been building inventory in advance of the higher volume winter months." Adds, however, that "we were pleased to be able to maintain our partnership with our largest customer" and that one of its biggest clients "continues to innovate heavily with us...and we have been encouraged by the resulting level of sales." Says the outlook for Shire "remains positive". Read More
(Alliance News) - Stocks in London rallied on Wednesday despite news of higher inflation, and an expected US rate increase, as oil prices edged lower. Read More
(Alliance News) - Ireland's taoiseach has rejected calls for a windfall tax on energy companies as a way to reduce spiralling fuel costs. Read More
Focusrite PLC - High Wycombe, England-based software company - Issues trading update for the six months ended August 31. Says it expects to report 3% revenue growth, improved underlying operating profit and strong cash generation. Says gross margins improved, which reflect "continued pricing discipline, active supply chain management, and [its] ongoing focus on operational efficiency." Adds that the results benefit from US tariff refunds from prior periods worth approximately GBP2.3 million in total. Results will treat this as an adjusting item. Content Creation division delivers 4% revenue growth, while Audio Reproduction revenue declines 4% due to "weakness in China" but orders rising 12% compared to the prior half year. Expects net debt as of August 31 to be "significantly" lower at around GBP2 million at August 31, from GBP8.6 million at February 28, as it continues "to generate strong cash flows". Read More
Filtronic PLC - Sedgefield, England-based maker of advanced microelectronics - Wins a USD8 million, follow-on contract with a US-based customer to design, develop and build prototype units for deployment on satellites. This "represents a significant expansion of the customer relationship" after the initial USD500,000 development contract Filtronic announced in June, and from a USD8.0 million order the same customer placed for amplifier technology in March. Filtronic says the new contract further demonstrates its ability to develop and deliver highly advanced mmWave technology for satellite payload applications, and reinforces its growing position in the satellite communications market. Expects to complete the contract in the first half of financial 2028, and for revenue to be recognised across that year and financial 2027, "providing further visibility over future revenues." Read More
(Alliance News) - Aptitude Software Group PLC on Wednesday reported lower revenue and profit for its first half, although the AI Autonomous Finance segment saw double-digit growth thanks to its Fynapse solution. Read More
(Alliance News) - UK Prime Minister Andy Burnham said on Wednesday that he was ready to take "difficult decisions" as higher fuel prices from the Middle East war drive up inflation ahead of the government's coming budget. Read More