14th Aug 2026 22:14
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News:
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Beowulf Mining PLC - explorer of iron ore, graphite, gold and base metals, targeting Sweden, Finland and Kosovo - Completes infill drilling campaign at the Kallak iron ore project in northern Sweden. Drills 1,072 metres in seven holes, with mineralisation confirmed in each. The campaign focuses on converting relatively shallow inferred mineralisation in the north of the Kallak North deposit into measured and indicated categories. Chief Executive Ed Bowie says: "The top priority infill drilling has now been completed with the objective of upgrading near-surface Inferred resource to the higher confidence Measured and Indicated categories. Field observations and results from portable XRF and magnetic susceptibility analyses indicate that the drilling has returned broad zones of mineralisation generally in line with the geological model. A number of holes encountered mineralised intervals that exceeded the widths anticipated at the planning stage and consequently the holes were extended. Geological, geotechnical and structural logging is nearing completion, and following conclusion of the Financing, samples will be sent for independent laboratory analysis. We look forward to reporting assay results and, in due course, the updated mineral resource estimate."
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Residential Secure Income PLC - investor in retirement living and shared ownership - Announces an initial return of capital of around GBP35.2 million under its B Share scheme following the completion of the GBP108.3 million sale of its retirement portfolio. Separately, declares a property income distribution of around GBP2.8 million. Says it expects further returns following the planned disposal of its shared ownership portfolio, which is expected to complete by September 30.
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Irish Continental Group PLC - Dublin-based ferry operator - Says Oxy Capital SGOIC SA publishes an open letter "expressing its concern" about the bid for the shares of Irish Continental Group PLC by members of ICG's senior management team. It encourages all other independent shareholders to reject the MBO Bid by casting their votes against the resolutions proposed at the scheme meeting and extraordinary general meeting on August 28.
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EJF Investments Ltd - Jersey-incorporated closed-ended investor in assets benefiting from regulatory and structural change in the financial services sector - Is notified that EJF Capital Ltd, an affiliate of its manager, utilises around 10% of the second quarter 2026 EJFI management fee to purchase 14,376 shares of the company. The purchase is made under the manager's program to reinvest up to 10% of the EJFI management fee. To date, EJF Capital Limited has bought a total of 232,725 ordinary shares under its re-investment programs. The manager and its affiliates hold around 28% of the shares of EJFI. "Although the Board previously announced that the manager would continue with its reinvestment program until [the second quarter of] 2027, the manager has informed the board that it has decided to cease the re-investment program next quarter after reinvesting 10% of the [third quarter] 2026 EJFI management fee. This follows a re-assessment by the manager of the program's impact on narrowing the trading discount to NAV. The manager may elect to reinstate its re-investment program in the future and will inform the Board of any such decision," company says.
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River Global PLC - London-based investment manager - The share capital reduction approved in June is made effective on August 5. CREST accounts will be credited, and share certificates despatched. Following updated tax advice received by the River Global, a stamp duty reserve tax is no longer anticipated to be payable upon the transfer of the initial consideration shares. The number of shares admitted to trading is unchanged by the capital reduction.
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Gabelli Merchant Partners PLC - invests in equity and fixed income for total returns and protection of capital - NAV per share totals USD10.66 at June 30, up from USD10.50 a year ago. 2026 NAV total return is 3.98%, down from 6.51% a year ago. This is better than the US 3-month treasury bill index total return of 3.95% in 2026 and 4.34% in 2025. Declares USD0.05 per share second interim dividend, bringing the 2026 total dividend of 25 US cents per share, up from 18 cents in 2025. Looking ahead, Gabelli says it is "well positioned" amid "favourable industry dynamics".
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GRIT Investment Trust PLC - invests in small and mid-cap natural resources and mining companies - Updates on its agreement in principle to acquire Planet Scan AG. Confirms that the proposed acquisition, which would have constituted a reverse takeover is no longer proceeding. "The company will consider its options to include seeking alternative acquisition opportunities and seeking a cancellation of its listing," it says. GRIT is currently completing its annual report for the year to March 31 2026, which was due by July 31.
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Eco Buildings Group PLC - London-based sustainable construction firm - Says it "has continued to make good progress" year-to-date. Proceeds from the recent GBP2.35 million fundraise are being deployed into a new AI-enabled manufacturing line in Durres, Albania. The line is on track to become operational in the fourth quarter of 2026. "Construction of the first apartment block at the Rolling Hills development in Tirana continues on schedule, having now reached second floor level, with the block expected to generate approximately EUR2.2 million of revenue upon completion. The company also continues to progress its wider international strategy, including the recent launch of Eco Buildings UK and its ongoing joint venture activities in Senegal and Indonesia," Eco adds. Says trading in 2026 remains in line with expectations.
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Shaires Holdings Ltd - late-stage technology investor formerly known as Jade Road Investments Ltd - Establishes its initial portfolio: Binding agreements are in place, providing exposure to Anthropic, Stripe, ByteDance, Moonshot AI, Figure AI, SandboxAQ and Colossal Biosciences, with an aggregate value of up to USD86.7 million. Additional investment and contribution opportunities of up to USD500 million are under "advanced negotiation," including further investments into leading private technology and AI names. Additionally, launches retail offer for UK investors at USD20.00 per share, alongside the recently announced USD28.5 million institutional placement, also at USD20.00 per share. Shares is targeting a total raise of USD100 million across the first and second institutional tranches and the retail offer as well as initial in-kind contributions.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Beowulf Mining PLCResidential SecIrish Cont.Ejf InvestmentsRiver Global AGabelli MerchGrit Inv TstEco BuildingsShaires Hldgs