31st Jul 2025 18:36
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Fintel PLC - Huddersfield, England-based provider of fintech and support services - Reports revenue of GBP42.4 million for the six months to June 30, up 19% from GBP35.7 million a year before. Adjusted earnings before interest, tax, depreciation and amortisation rise 17% to GBP11.2 million from GBP9.6 million. Says trading is in line with expectations and supported by structural tailwinds in the UK financial services market. Notes strong growth in software and subscription revenue, up 21% to GBP24.2 million. Ends period with GBP8.4 million cash and net debt of GBP32.0 million. Recently completed GBP120 million refinancing to fund acquisitions and growth.
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Sabre Insurance Group PLC - motor insurance underwriter - Pretax profit rises 26% to GBP25.5 million in the six months to June 30 from GBP20.2 million a year before. Gross written premiums fall to GBP100.3 million from GBP125.7 million. Combined operating ratio improves to around 83% from 86%. Declares interim dividend of 3.4p per share, doubled from 1.7p a year ago. Launches GBP5 million share buyback on July 1. Says it remains on track to deliver at least GBP80 million of pretax profit in 2030 and sees strong profit in 2025 in line with 2024. Appoints David Neave as non-executive director from August 1. Neave joins the audit and remuneration committees and brings broad industry experience including prior roles at Co-operative Insurance and Direct Line.
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Permanent TSB Group Holdings PLC - Dublin-based financial services provider, in which the Irish government holds a 57% stake - Pretax profit falls to EUR19 million in the six months to June 30 from EUR75 million a year earlier. Operating income declines to EUR322 million from EUR336 million. Net interest income drops to EUR288 million from EUR311 million. Operating expenses rise to EUR303 million from EUR277 million, including EUR29 million of exceptional restructuring costs.
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Zegona Communications PLC - London-based investor in Europe's telecommunications, media and technology sectors - Signs EUR725 million debt refinancing package. Includes EUR575 million term loan B with 3.00% margin and EUR150 million tap issuance of euro senior notes at 4.3% yield. Proceeds repay EUR500 million term loan A and EUR215 million of existing EUR and USD senior notes. Says refinancing lowers annual interest costs and removes amortisation, shifting to a "covenant lite" capital structure. Cites strong operating performance and execution following the acquisition of Vodafone Spain.
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Pinewood Technologies Group PLC - Birmingham-based provider of software to the automotive retailing sector - Completes acquisition of majority stake in its North America joint venture from Lithia, following admission of new shares issued to the seller. Says all conditions to completion have now been satisfied. The new shares were admitted to the FCA's official list and trading on the London Stock Exchange on Thursday.
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By Eva Castanedo, Alliance News reporter
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Related Shares:
Sabre Insurance GroupFintelZegona ComPerm Tsb GrpPinewood Technologies Group