29th Sep 2025 21:51
(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:
----------
Keller Group PLC - London-based geotechnical specialist contractor, applying foundation and ground improvement techniques across the construction sector - Announces agreements with Investec Bank PLC and Peel Hunt LLP with regard to GBP25 million share buyback, announced in August. Investec will execute the first GBP12.5 million of the share buyback programme and Peel Hunt the second GBP12.5 million tranche. Keller considers the share buyback programme to be in the best interests of the group and its shareholders. The programme will commence Monday and end no later than March 31, 2026.
----------
Great Portland Estates PLC - London-based office space landlord - Says Westminster Council grants planning permission for 15 Gresse Street and 12/13 Rathbone Place, in west London, as part of its fully managed offering. The scheme will provide 43,000 square feet of workspace across five floors. Work is due to start early 2026, with completion targeted for early 2027.
----------
Genuit Group PLC - Leeds, England-based provider of water, climate and ventilation systems for buildings and infrastructure - Buys Davidson Holdings Ltd for GBP49.0 million on a debt-free and cash-free basis. Davidson, which owns plumbing and heating sector brands including Salamander Pumps, Cistermiser, Talon and Keraflo, is expected to deliver full year 2025 revenue of GBP32.8 million. Genuit funds deal from existing debt facilities. Growth synergies are anticipated from leveraging Genuit's broad routes to market and demand creation and specification selling model. In addition, deploying the Genuit Business System and utilising Genuit's purchasing scale is expected to unlock productivity and cost synergies from 2026 onwards. The deal is expected to be EPS accretive during the first full year of ownership with an adjusted operating margin above 20%, in line with Genuit's medium term target. Post acquisition return on invested capital is to exceed weighted average cost of capital during the second full year of ownership, excluding future synergies, Genuit adds, while post acquisition 2025 year end leverage will be circa 1.6 times on a pro forma basis.
----------
Cooks Coffee Co Ltd - Auckland, New Zealand-based coffee chain - Systemwide store sales in the UK and Ireland increase 27% in the 26 weeks to September 28 year-on-year, reflecting "continued momentum", company says in a trading statement. Like-for-like sales growth is 3.5% in the UK and 6.4% in Ireland, while eleven new stores were opened in the UK and two in Ireland during the period.
----------
Kingfisher PLC - London-based DIY and home improvement retailer which owns the B&Q, Screwfix, Castorama and Brico Depot brands - Instructs Goldman Sachs International in relation to GBP75 million third tranche of its GBP300 million share buyback. This starts Monday and ends no later than November 21.
----------
Xtract Resources PLC - Australia and Zambia-focused miner - Swings to GBP1.0 million pretax loss in the six months to June 30 from GBP84,000 profit the year prior. Bottom line hurt by drop in other gains to GBP42,000 from GBP810,000 a year ago. Administrative and operating expenses fall to GBP781,000 from GBP818,000. Cash balances at June 30 are GBP940,000 compared to GBP2.2 million at the end of 2024. At Silverking, says ongoing work includes the assessment of the broader potential of the project, including satellite target evaluations and metallurgical studies. The aim is to gather an early indication of the viability of any future mining operations. At the Western Foreland project, the focus for the upcoming season includes identifying drill-ready targets and refining several near-surface geochemical anomalies.
----------
Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Pretax loss narrows to GBP128,271 in the six months to June 30 from GBP238,867 the year prior. Reflects a drop in administrative expenses to GBP127,762 from GBP238,676. In 2024 and through into 2025 Kendrick says it had a "difficult period based on the poor fundamentals for nickel with the supply/demand position put out of equilibrium by activities in Southeast Asia." Stresses the vanadium project continues to be of high interest, Kendrick is "convinced" that Airijoki has the potential to add 50% more ore to its inventory. But notes the fundamentals for vanadium have not emerged as strongly as the industry had expected, and the use of vanadium in energy storage has not advanced as fast as energy generation. Intends to maintain the vanadium property in Sweden, Airijoki, whilst not continuing with the nickel projects within Norway and Sweden. In addition, decides to acquire projects in the copper and gold arena in Southern Africa and says it is currently investigating a number of ventures to enhance its southern Africa portfolio in commodities.
----------
Panther Securities PLC - Hertfordshire, England-based property investor - Pretax profit rises to GBP5.1 million in the six months to June 30 from GBP4.5 million the year prior. Revenue edges up to GBP7.3 million from GBP7.2 million, cost of sales increases to GBP2.8 million from GBP2.5 million. Bottom line benefits from GBP287,000 profit on disposal of investment properties and GBP3.9 million positive movement in fair value of investment properties compared to zero for both a year ago.
----------
Duke Capital Ltd - Guernsey-based provider of capital solutions to small and medium-sized business owners in Europe and North America - Based on current trading, expects to achieve recurring cash revenue of GBP6.6 million in the financial second quarter to March 31, 2026, up 3.1% year-on-year from GBP6.4 million, and in line with the prior quarter. Chief Executive Neil Johnson says: "Our business model continues to show its resilience in a challenging UK market where we have seen persistent high inflation."
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
KellerGPEGenuit GroupKingfisherXtractKendrick ResourcesPanther SecuritiesDuke Capital