23rd Sep 2026 21:31
(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:
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Ashtead Technology Holdings PLC - Aberdeen, Scotland-based provider of subsea technology to the offshore energy sector - Confirms that it has received an unsolicited and non-binding indicative proposal from New York-based private equity firm Ember Infrastructure Management LP in relation to a possible offer. The 615 pence per share cash proposal to acquire Ashtead Technology follows three previous unsolicited and non-binding indicative proposals from Ember, the first two of which were "unequivocally rejected". Ashtead Technology says it is considering the proposal with its advisers and is providing Ember with preliminary due diligence information.
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Premier African Minerals Ltd - developer of the RHA tungsten and Zulu lithium projects in Zimbabwe - Pretax loss from continuing operations narrows to USD6.9 million in the six months ended June 30 from USD7.7 million the year prior. Revenue is nil, unchanged on-year. Bottom line benefits from lower finance charges of USD3.0 million versus USD4.1 million. Says the period under review, and the months since, have "continued to require a careful balance between progressing Zulu Lithium Private Ltd towards sustainable production, meeting the group's working capital requirements, addressing outstanding creditor obligations and protecting the value of Premier's wider portfolio." Primary capital allocation objective is to ensure that Zulu Lithium is "appropriately supported, subject to available funding, and positioned to progress towards sustainable production." Alongside funding Zulu Lithium, the board remains focused on resolving a number of "material" outstanding creditor positions.
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Gelion PLC - London-based battery energy storage systems firm - Announces the grant of six patents: three in the US, two in Europe and one in Asia. The patents protect innovations in thermal management, cathode-electrolyte design and anode protection relating to the group's lithium-sulfur technology. Gelion says the grants further strengthen its intellectual property position globally, particularly in the US, as it advances its US market entry and commercialisation strategy. Chief Executive Matt Wood says: "Securing these patents is an important milestone in strengthening the intellectual property around our sulfur cathode platform. By extending protection into complementary cell-level technologies, we can give our current and prospective partners greater confidence to evaluate and integrate Gelion's technology, supporting its adoption across strategically important applications and markets."
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Pharos Energy PLC - London-based energy company with assets in Vietnam and Egypt - Pretax profit climbs to USD16.2 million in the six months ended June 30 from USD10.5 million the year prior as revenue rises to USD85.5 million from USD65.6 million. Group working interest production was 5,650 barrels of oil equivalent per day versus 5,642 boepd a year ago, in line with full year guidance. Declares no dividend in light of the offer from Ratio Petroleum Energy LP. "There has been strong financial performance from our operations in the first half of 2026 which, benefitting from a high commodity price environment and the collection of all outstanding Egyptian receivables," Pharos says. Full-year 2026 production guidance range is narrowed to 5,300 to 5,900 boepd from 5,200 to 6,400 boepd, reflecting increased production from the six-well programme in Vietnam and lower than expected production in Egypt.
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Ace Liberty & Stone PLC - London-based property investment company - Pretax loss narrows to GBP402,813 in the financial year ended April 30 from GBP1.8 million the year prior. Revenue declines to GBP5.3 million from GBP5.5 million although this mainly reflects disposals. Declares no dividend, unchanged on-year. Bottom line benefits as administrative expenses reduce by 6.2% and net finance costs decrease by 23%. Discussions continue with the holder of the GBP10 million convertible loan notes regarding a potential conversion. Heads of Terms have been signed and under these the noteholder would utilise its existing GBP10 million investment to acquire a number of subsidiaries and property assets from the company. The transaction is intended to generate liquidity and reduce borrowings, thereby strengthening the balance sheet. The board is considering a range of options for any surplus funds including a return of capital to shareholders.
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Aurrigo International PLC - Coventry, England-based transport technology provider - Pretax loss widens to GBP3.8 million in the six months ended June 30 from GBP2.1 million the year prior despite revenue increasing 19% to GBP4.2 million from GBP3.5 million. Automotive sales jump 53% as trading continues to recover from the "disruption" experienced in the first half of 2025, together with new contract wins. Trading in the second half of 2026 has remained in line with expectations. Aurrigo says it "continues to make excellent progress across its contracted programmes and wider Autonomous pipeline, with several opportunities expected to reach key decisions around the end of 2026." Discloses early-stage interest is being seen in applying its engineering capability to adjacent sectors beyond automotive and aviation. Several other defence opportunities are being pursued and if secured will be in the pipeline for FY27 and FY28.
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Nexus Infrastructure PLC - Braintree, England-based provider of civil engineering and infrastructure services to the UK housebuilding sector - As a result of the timing of project activity across both Tamdown and Coleman, Nexus now expects to report revenue of around GBP70.0 million for the financial year ended September 30, down from GBP65.9 million on-year, resulting in a pretax loss for FY26 of GBP1.0 million, narrowed from GBP1.6 million a year ago. Nexus understands FY26 market consensus to be pretax profit of GBP100,000 and revenue of GBP79.0 million. "This primarily reflects the continued challenging market backdrop, including the timing of customer led project activity and slower than anticipated conversion of secured work during H2," Nexus says. Interim Chair Clare Lacey says: "We continue to see opportunities across both Tamdown and Coleman and remain encouraged by customer demand, however, our immediate focus is on improving operational execution and cost efficiency. We retain strong customer relationships, a substantial order book and a good cash balance, which we believe positions the group well to benefit as market conditions improve."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Premier African MineralsGelionPharos EnergyAurrigoNexus Infrastr.