27th Jan 2026 22:00
(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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Mind Gym PLC - London-based personal and business coaching service - Confirms it is in discussions with "selected" third parties as part of a private strategic review process that may result in a possible offer for the company. Talks "are at an early stage" and there can be no certainty that an offer will be made" nor as to the terms of any such offer. As part of the review, Mind Gym appoints J Goodwin & Co LLP as financial advisor and is considering a variety of strategic options, including: entering into joint ventures or other forms of commercial partnerships; making further acquisitions; selling or demerging a part of the company's group's business; returning capital to shareholders; changing strategy and/or management arrangements; selling subsidiaries; and/or soliciting an offer.
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Atalaya Mining Copper SA - Spain-based mining company - Plans to raise GBP130 million by way of an institutional placing and a separate retail offer. Price to be determined by bookbuild process. Proceeds will allow Atalaya to speed up development of its copper growth projects in Spain in order to capitalise on strong copper market fundamentals. "This disciplined funding strategy will enable us to advance our various projects in parallel in order to capitalise on positive copper market fundamentals. Atalaya is fortunate to have a portfolio of projects in the Riotinto District that can leverage our existing infrastructure to deliver higher grades and extend mine life," says Chief Executive Alberto Lavandeira. Atalaya says the fundraise will also further strengthen its balance sheet and enhance financial flexibility to optimise the ultimate funding package for Touro, while preserving the ability to pursue potential regional partnership and acquisition opportunities.
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Metals One PLC - London-based metals exploration and development company - Sells 7.5 million shares in CleanTech Lithium PLC for GBP745,000, an around 100% profit on the purchase price in August 2025. Following the sale, Metals One holds just under 12.9 million shares in CleanTech Lithium, 6.33% of CleanTech Lithium's issued share capital, in addition to 20,000,000 warrants with an exercise price of 6 pence expiring in August 2030. "We are pleased with the progress CleanTech Lithium is making in advancing its projects in Chile towards a Final Investment Decision. After releasing some profit to satisfy market demand, Metals One retains significant upside exposure to this investment through shares and warrants," company says.
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Revel Collective PLC - Manchester, England-based operator of pubs and bars under the Revolucion de Cuba, Revolution and Peach Pub brands - Appoints Lindsay Hallam, Matthew Callaghan and Oliver Wright of FTI Consulting LLP as joint administrators of the company and certain of its subsidiaries. Immediately on appointment, the administrators completed two sale transactions: a sale of Revolution, Revolucion de Cuba and Founders & Co to Neos Holdco Ltd and a sale of Peach pubs to Coral Pub Co Acquisition Ltd, founded by Ted Kennedy. Fourteen Revolution, six Revolucion de Cuba and one Peach site did not form part of the transaction and those sites are being closed with immediate effect. As a consequence, the formal sale process has been terminated. In addition, Cavendish Capital Markets Ltd resigns as nominated adviser and broker with immediate effect.
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Headlam Group PLC - investor in e-commerce brands - Announces an asset-based lending facility replacing the existing revolving credit facility and uncommitted overdraft. The committed ABL, secured against certain group assets, has a three year tenure (to January 2029) with the option to extend for up to two more. The facility of up to GBP85 million flexes depending on the group's asset base, with the intention being that it provides headroom and liquidity as the business needs evolve. The facility is provided by Barclays Bank PLC and Wells Fargo Capital Finance (UK) Ltd. The RCF was due to expire in October 2027.
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Velocity Composites PLC - Burnley, England-based supplier of composite material kits to aerospace and other high-performance manufacturers - Pretax loss from continuing operations narrows to GBP1.1 million in the financial year ending October from GBP1.3 million the year prior. Revenue drops to GBP20.7 million from GBP23.0 million with loss per basic share 2.00 pence compared to 1.58p a year ago. Gross margin rises 360 basis points to 29.5% from 25.9% due to a better sales mix and improved operational efficiencies. Company expects to return to higher levels of growth again, when external factors, including delays in some key technical approvals on new programmes, especially in the US are resolved. "Our experience over the last 12 months while frustrating has been useful and will improve how we approach new business opportunities in the future," it adds.
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Ajax Resources PLC - natural resources investment company focused on South America - Raises GBP1.0 million through the issue of 12.5 million shares at 8 pence each by way of subscription, which has attracted the "strong support of significant shareholders, the board of directors, and new institutional investors." Investors will receive warrants on a 1:1 basis, exercisable at 16p per share, with a term of two years from the date of the subscription. Proceeds provide funding for acquisitions announced in December and January and for general working capital purposes. "The continued backing of long-standing shareholders alongside the introduction of new institutional investors is particularly encouraging, especially in the context of the highly supportive metal pricing environment," says Chief Executive Ippolito Ingo Cattaneo.
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Mendell Helium PLC - Perth, Scotland-based helium producer - Raises GBP700,000 by way of a placing with institutional and other investors at 3 pence per share. Says the placing marks an "important milestone" as it provides the company with the capital strength to support M3 Helium Corp's production strategy in Fort Dodge, Kansas through drilling a new well. The board considers that the opportunity to accelerate its development plan in Fort Dodge is "compelling".
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NAHL Group PLC - Kettering, England-based consumer marketing services provider focused on the legal services sector - Expects revenue in 2025 to be 3% ahead of the previous year at GBP40.0 million compared to GBP38.8 million, while underlying operating profit is expected to have increased by 86% to GBP7.3 million from GBP3.9 million. This primarily reflects higher revenue and lower marketing costs within the Personal Injury business, in addition to a reduction in amortisation of intangibles assets which were fully amortised in 2024. Underlying pretax profit is expected to balloon to GBP5.0 million from GBP1.4 million a year ago. Work with advisers continues to "explore options to accelerate value for shareholders". Says trading in 2026 has started well in both its divisions, however, the lower level of enquiries being placed into National Accident Law, the group's fully integrated law firm, over the recent past will likely result in a lower outcome for the Consumer Legal Services division in 2026 compared to the "exceptional" results experienced in 2025.
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Fusion Antibodies PLC - Belfast-based contract researcher that provides discovery, design and optimisation services for therapeutic antibodies - Raises GBP1.4 million through the issue of 11.1 million shares at 13 pence each. This includes a placing with new investors and existing shareholders and a subscription by Non-Executive Director Colin Walsh worth GBP19,862. "This fundraise, which has been supported by a number of our longstanding shareholders, will allow us to accelerate commercialisation, invest in strategic partnerships and targeted global marketing; and further strengthen our proprietary technologies. This will place the company in a strong position for sustainable growth and help to generate long term value for our shareholders," says Chief Executive Officer Adrian Kinkaid.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Mind Gym PlcAtalaya MiningMetals OneCleantech LithiumThe Revel CollectiveHeadlamVelocity CompAjax ResourcesNahl GroupFusion Antibodies