18th Sep 2025 11:36
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Begbies Traynor Group PLC - Manchester, England-based insolvency advisor - It has made a "good start" to its new financial year, with first quarter trading in line with expectations. The financial advisory has seen "encouraging activity levels and positive momentum". Results for the first quarter to July 31 "were in line with our expectations, and overall, we are confident of delivering market expectations for the full year," Executive Chair Ric Traynor will say in the firm's annual general meeting on Thursday. Begbies puts market expectations at a range of GBP23.7 million to GBP24.9 million for adjusted pretax profit, and GBP163 million to GBP164 million for revenue. Revenue in financial 2025 amounted to GBP153.7 million, and adjusted pretax profit totalled GBP23.5 million.
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Supreme PLC - Manchester, England-based consumer products distributor with products including batteries, lighting, vaping, sports nutrition and wellness, branded distribution and soft drinks - Says is seeing "good momentum across its portfolio" in the first half of its financial year. Supreme, which ends its financial year on March 31, expects half-year results in line with market expectations. It puts consensus at GBP236 million for revenue and GBP35.8 million for adjusted earnings before interest, tax, depreciation, and amortisation. Revenue in the first half of the prior year totalled GBP113.0 million, while the adjusted Ebitda amounted to GBP18.5 million. It adds: "Supreme continues to successfully navigate the evolving UK vaping market, having strategically managed the ban on disposable vapes, which came into effect on 1 June 2025, as well as the transition to pods and other vaping alternatives. This approach has allowed us to retain all major customers, ensuring continued growth and stability in the segment."
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Maintel Holdings PLC - London-based provider of communications services - Maintel's pretax loss in the six months to June 30 widens to GBP837,000 from GBP335,000. Revenue falls 0.3% to GBP46.5 million from GBP46.6 million. "Total revenue was relatively flat compared with the first half of 2024 due to a small number of churned contracts as previously flagged, which offset a 20% growth in revenue from projects and the benefit from price increases," Maintel says. Earlier in September, it revenue of around GBP95.0 million for 2025 "with slightly unfavourable gross margin levels", which would be down annually from GBP97.9 million. Adjusted earnings before interest, tax, depreciation and amortisation were forecast at around GBP7.0 million, down from GBP10.5 million.
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Aeorema Communications PLC - London-based live events agency - Pretax profit in year ended June 30 falls 16% to GBP366,033 from GBP436,928 a year prior. Revenue improves slightly to GBP20.4 million from GBP20.3 million, however. "We are set fair to deliver on our ambitions, with positive trading momentum, a strong client base, and a sharpened operating model. While we remain mindful that political uncertainty and potential economic turmoil could impact our clients' investment decisions, our strategy remains focused on ensuring Aeorema delivers sustainable growth, resilience, and creative excellence," Aeorema says.
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Journeo PLC - Ashby-de-la-Zouch, Leicestershire-based provider of information systems and technical services to transport operators and local authorities - Receives purchase order worth GBP1.5 million from a "northern transport partnership" in the UK. "The purchase order comprises the supply and installation of Journeo's latest high-definition thin-film transistor displays and ultra-low power ePaper displays, which will enhance the region's real-time passenger information estate. TFT displays will be deployed at powered in-shelter locations, while the ultra-low power ePaper displays, operating exclusively on renewable energy sources with battery back-up will be installed at locations without existing power provision," Journeo says.
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Schroders Capital Global Innovation Trust PLC - investment trust in managed wind-down - Net asset value per share at June 30 half-year end rises 7.4% to 21.42 pence from 19.94p in December. "The company's life sciences portfolio was the main contributor to performance, following the upward revaluation of Araris Biotech," the firm adds. Looking ahead, it says: "As the company progresses with its managed wind-down, the investment managers will continue to execute the company's investment policy and balance timely cash returns to shareholders with the maximisation of value. Prudent cash management will be maintained to ensure resource for the portfolio, ongoing costs, and any unforeseen circumstances."
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Powerhouse Energy Group PLC - Bingley, England-based firm focused on turning non-recyclable waste into low carbon energy - The firm says initial trials of its DMG system have "delivered excellent results that were consistent (and in certain cases, better) with both our model predictions and previous small-scale tests". The DMG unit is able to turn non-recyclable waste streams into synthesis gas. "Testing has now progressed to mixed plastics in raw and "real" waste forms which have also aligned well with our models and, encouragingly, showed slightly higher hydrogen content in the resulting syngas than anticipated. The next phase of testing involved improving the efficiency of the downstream systems and optimising the DMG temperature profile," Powerhouse adds.
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Petrel Resources PLC - focused on projects in Iraq and Ghana - Pretax loss in half-year to June 30 widens to EUR357,000 from EUR229,000. Petrel reports no revenue, unchanged on-year. "Petrel has been investigating acquisition and organic growth opportunities in diverse energy-related sectors and countries. These must be backed by finance and proper legal title. Initial review work gives our experts confidence in the reserve and resource numbers. Potential offtake agreements - both for the EU, as well as China and India are economic at current prices. These are Petrel's strengths," it says. "Based on initial discussions, we do not see offtake, financing, and permitting as insurmountable obstacles in such critical resources."
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Cobra Resources PLC - exploration and development company with projects in Australia -Reports field testing to begin at the Boland rare earth asset in mid-October. It receives approval for the work from South Australia's Department for Energy & Mining.
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Griffin Mining Ltd - focused on Caijiaying zinc, gold, silver, and lead mine in the Hebei province of China - Has been requested "to reduce operational throughput" as part of a safety initiative that will run until the end of 2025. "The current projection is a reduction in throughput of approximately only 110,000 tonnes over the four months from September to December 2025. Cooperation in this initiative is essential to obtaining the relevant permitting and commissioning of Zone II and continuing production from Zone III," Griffin adds. "With the recent rises in gold and zinc prices, notwithstanding the reduction in throughput, the company expects that its financial results for the full year to be in line with management expectations." Chair Mladen Ninkov says following the request will "engender the appropriate respect as good operators in China" to receive the approvals needed to take Caijiaying "to the next level".
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By Eric Cunha, Alliance News news editor
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Powerhouse EnerPetrel ResourcesSupreme PlcCobra ResourcesGriffin MiningSchroders Capital Global Innovation TrustBegbiesJourneoMaintelAeorema Comm.