23rd Oct 2025 20:21
(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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Inspecs Group PLC - Bath, England-based producer of eyewear solutions, including eyewear frames, low-vision aids, and lenses - Confirms that it has received two separate, unsolicited proposals from H2 Equity Partners Ltd and Risk Capital Partners and Ian Livingstone. Both set out non-binding possible cash offers alongside the possibility of an alternative offer including unlisted securities to acquire the company. In addition, on Tuesday receives proposal from Safilo Group Spa to acquire the Eschenbach Group and BoDe businesses of Inspecs.
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Iconic Labs PLC - London-based media and technology company - Pretax loss widens to GBP619,333 in the financial year to June 30 from GBP246,052 the year prior. Revenue is nil, unchanged. Committed to finding alternative targets after the proposed acquisition of ITS Holdings 2024 Ltd failed. Also focuses on further reducing its cost base. But, stresses identifying suitable targets "takes time and resource."
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RC Fornax PLC - provider of engineering solutions to the UK defence industry - Expects pretax loss of GBP1.5 million in the financial year to August 31 swung from a GBP0.8 million profit the year prior as sales fall to GBP4.1 million GBP6.5 million. Reports "strong progress" in reshaping its commercial model and says is currently in advanced discussions on three major new commercial agreements, two of which are with defence primes in support of major land vehicle and maritime programmes. Looks ahead to 2026 with optimism, supported by a stabilising defence environment, the maturation of client frameworks, and the commercialisation of Smartscope and Procure X. As such, remains confident in the company's strategic direction and its ability to deliver sustainable growth and long-term shareholder value.
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Sulnox Group PLC - London-based green fuel technology developer - Secures an "important" patent for Europe in the fuel oil reclamation market. The patent covers 39 countries. The intellectual property protected for the "Sulnox Reclaim" product is an improved oil/water separation methodology developed by Sulnox, incorporating its patented green emulsification technologies. "This third fuel reclamation patent, covering Europe, is a critical addition to our intellectual property, supporting and accelerating our strategy of diversifying the company's sources of revenue," company says.
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Haydale Graphene Industries PLC - Carmarthenshire, Wales-based developer of materials using graphene and other nanomaterials - Enters two new contracts with Affordable Warmth Solutions, the community interest company established by National Grid PLC to reduce fuel poverty and improve energy outcomes for vulnerable households. The contracts are worth GBP450,000 over the next five months. This brings Haydale's total contracted revenues with major UK energy network partners and AWS to over GBP1 million.
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Thruvision Group PLC - Abingdon, England-based provider of walkthrough people-screening technology - Says revenue increases by 36% to GBP2.6 million in the six months to September 30 from GBP1.9 million the year prior, with around GBP1.6 million derived from the Entrance market, which includes prisons, and GBP1.0 million from Retail Distribution sales. There was no significant revenue from the Customs or Aviation markets during the first half, although there is "active" customer engagement in both markets which Thruvision is "hopeful" will lead to sales in the second half of financial 2026. At September 30, cash was GBP2.1 million up from GBP0.4 million at the end of March, with inventory of GBP3.7 million compared to GBP5.2 million.
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Empresaria Group PLC - Crawley, England-based staffing provider - Says the newly appointed board, led by Joost Kreulen, will conduct a thorough review of operations. This will address the commercial and other challenges that the group faces and stabilise the operations, financially and operationally, by focusing on efficiency and cost discipline. Plans to ensure the group is well positioned to benefit once the broader staffing and recruitment markets begin to recover. On Wednesday, Legacy UK Holdings says it will not make an offer for Empresaria.
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By Jeremy Cutler, Alliance News reporter
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