24th Mar 2026 20:27
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Distil PLC - London-based owner of premium alcoholic drinks brands - Says it is considering options to address an "immediate short-term funding need" and expects full-year revenue to be materially below market expectations. Also expects pretax loss for the current year will be greater than anticipated.
Despite underperformance in sales from Distil into the broader 3rd party distributor network, sales to end customers increased, in both the third and fourth quarters serviced by stock already held in the trade. "The issue facing our business and impacting sales revenues and volumes is higher than expected levels of stock still held in the trade globally as a result of softer than anticipated sales over the year, which has impacted purchase phasing," Distil says. More broadly, "the continued economic downturn and inflationary pressures have resulted in a reduction in overall consumer spending, with a direct impact on the business," it adds. Notes the US distribution launch of Blavod black vodka has been delayed due to a delay relating to submission for Craft Beverage Modernization Act. "We are currently reviewing arrangements with distributors and route to market. Negotiations to resolve these matters are in process," Distil says. The company says it expects to resolve the delayed US launch of Blavod black vodka in the first quarter and adds that Ardgowan production is behind schedule due to power supply issues.
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Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - Provides an update on its drilling operations at its Kalayi prospect within its Bisie North project in Congo. Says drillhole KBDD033 delivers the widest tin-bearing intercept encountered at Kalayi to date, with XRF indications of 20 metres with an average tin content of 1.0%. Says the results from KBDD033 are particularly encouraging, representing the widest tin-bearing interval intersected to date at Kalayi. Importantly, the intercept suggests a potential widening of the mineralised zone at depth, consistent with the company's evolving structural model, it adds. Chief Executive Paul Barrett says: "The tin intercept encountered in drillhole KBDD033 materially strengthens our view of Kalayi's potential to host substantially greater volumes of tin mineralisation at depth than had been indicated by the shallower intercepts. This is a highly encouraging result, both in terms of scale and geometry, and is consistent with the style of mineralisation seen at Alphamin's nearby Mpama mine." Company says this will feed into a proposed mineral resource estimate update.
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Capricorn Energy PLC - Edinburgh-based fuel producer - Confirms that it has received multiple proposals from Dragon Oil to acquire its assets in the Western Desert. But after "carefully" considering the latest proposal, Capricorn does not currently believe that it reflects the underlying value of the assets. Stresses it has not received a proposal from Dragon Oil to acquire the company. Last Wednesday, Capricorn Energy said it had received a bid approach from Alamadiyaf al-Masiyyah for Trading LLC. Capricorn said it has received "multiple unsolicited non-binding proposals" from Alamadiyaf al-Masiyyah, a member of the Cafani Group, regarding a possible all cash offer.
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Zephyr Energy PLC - Rocky Mountain region-focused oil and gas company that aims for responsible resource development and carbon-neutral operations - Provides an operations update, including a "significant increase" in hydrocarbon production from the company's non-operated asset portfolio during the fourth quarter compared to the second and third quarters. Fourth quarter non-operated production was 983 barrels of oil equivalent per day, net to Zephyr, versus average net production in Q2 and Q3 of 632 boepd and 925 boepd respectively. Around 25% of forecast March 2026 and 33% of the next twelve months non-operated oil production is currently hedged, with the remainder fully exposed to the recent favourable commodity price environment, company adds. Also notes further non-core acreage divestments which generated material cash proceeds and continued progress towards delivering first commercial production from the Paradox project.
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Public Policy Holding Company Inc - Washington, DC-based group of advisory firms, specialising in government affairs and public relations - Pretax net loss widens to USD34.6 million in 2025 from USD17.4 million the year prior despite revenue rising to USD186.5 million from USD149.6 million. Organic revenue grows 6.2%. Bottom line is hurt by USD2.9 million loss on impairment of intangible assets and USD6.2 million loss on impairment of goodwill. "The company's performance in 2025 was strong, with a marked uptick in organic growth supplemented by our well-established M&A program," says Chief Executive Stewart Hall. Adds: "The tailwinds driving organic growth are set to continue, positioning us well for the balance of the fiscal year and reinforcing our longer-term outlook."
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Naked Wines PLC - Norwich, England-based online wine seller - Announces standard share buyback programme of up to GBP1 million replacing the reverse accelerated bookbuild announced on Monday. This is due to insufficient demand around the current share price, company says. Panmure Liberum Ltd will conduct the programme starting on Wednesday. The group confirms that it currently has no unpublished price sensitive information.
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RC Fornax PLC - provider of engineering solutions to the UK defence industry - At annual general meeting, company says whilst political uncertainty continues, "the need for our outcome‑driven services is greater than it was twelve months ago." Chief Executive Paul Reeves says: "Although tangible, visible progress in our financial performance is taking longer than I had hoped when we listed, there are many positive developments across the business that I am confident have the potential to deliver material shareholder value. In that regard, we are looking forward to sharing many exciting developments in the weeks and months ahead."
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Roadside Real Estate PLC - Abingdon, England-based investor in roadside property such as petrol stations and convenience stores - At annual general meeting, Chair Steve Carson says: "We look forward to the future with much optimism. There is significant opportunity with favourable M&A tailwinds and we have already begun to create a solid foundation for future value creation." Says the fragmented UK energy forecourt market presents a "compelling opportunity to build a resilient, income-generative portfolio of desirable freehold assets."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
DistilRome Resources PLCCapricorn Energy PLCPublic PolicyZephyr EnergyNaked WineRc FornaxRoadside Real