2nd Jul 2026 18:45
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and Tuesday and not separately reported by Alliance News:
----------
Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on the natural resources sector - Reports results for its third quarter, which ended on March 31, on Thursday. Net asset value per share is 40.5 pence as of March 31, up 21% from 33.5p one year prior. NAV totals GBP17.0 million, up 28% on-year to GBP13.2 million. Total investable capital increases 28% to GBP17.4 million. Unaudited fully diluted earnings per share for the nine months to March 31 total 7.4p, up 68% on-year from 4.4p. Net profit increases 78% to GBP3.2 million. Company says commodities "began feeling the chill" in the first quarter of calendar 2026 "as the US naval fleet amassed in the Middle-East," and notes that West Texas Intermediate increasing in price by 60% to USD91.57 per barrel during its financial third quarter. "This impacted virtually all metal commodity prices," it says, adding: "We found the Q3-2026 period to be very challenging...After the very rapid rise in precious metal prices in 2025, notably gold and silver, and the even more rapid growth in bullish forecasts by global banks for gold, a correction should not have been a surprise." Says it "repositioned our Tactical Portfolio equity investments towards copper companies," although it has "retained some core investments" in "some of the highest quality producers in the sector," like Agnico Eagle, Newmont Corp and Orla Mining. "We continue to believe that the commodity cycle remains in the ascent, we are experiencing a correction and that we shall begin experiencing improved metal commodity pricing in the second half of calendar 2026," it adds.
----------
Metir PLC - York, England-based company focused on water testing services - Says on Tuesday the audit of its 2025 accounts has been delayed, "primarily due to the time required for accounting notes and disclosures under IFRS." Notes that "there are no unforeseen accounting issues". Consequently, it did not publish the accounts by the close of business on Tuesday, and its shares have been suspended from trading on AIM with effect from Wednesday morning. Expects to publish the accounts "by early next week and no later than [July 7]."
----------
Mirriad Advertising PLC - London-based virtual product placement provider - Says on Tuesday that it would not publish its annual report and accounts for 2025 on time. "Should the company exit administration, trading in Mirriad's ordinary shares on AIM will remain suspended until such time that the FY25 Accounts have been published and posted to shareholders," it adds.
----------
Portmeirion Group PLC - Stoke-on-Trent, England-based ceramics maker and retailer of homeware brands - Says on Tuesday that it has received cleared cash funds of USD2.7 million from the US Government Treasury in partial payment of its USD3.0 million tariff refund claim. Combined with around USD300,000 received in April and May, Portmeirion says 98% of the total claim has been settled. Also, the Treasury has paid around USD100,000 in interest. Portmeiron says it continues to believe that 100% of the claim will be settled, and at it will make no further announcements on this subject. Says it will use the funds to reduce its net debt. Intends to provide "an update on trading and progress against its transformation plan initiatives" this month.
----------
ProService Building Services Marketplace PLC - Manchester, England-based operator of a digital marketplace for customer and supplier acquisition, formerly known as HSS Hire - Proposes a refinancing consisting of the issue of floating rate secured convertible loan notes maturing in 2031, worth up to GBP25.0 million, to Ravensworth (International) Ltd, and entering a GBP35.0 million asset-based lending revolving credit facility with Leumi UK Group Ltd. Says both are interconditional and will complete substantially simultaneously. Notes that the CLN issue cannot be effected using its existing share allotment authorities, so the proposed refinancing depends upon shareholder approval at a general meeting scheduled for July 17. Notes that it "has taken longer than originally anticipated to complete the refinancing of the group, largely due to wider macroeconomic and geopolitical issues impacting the markets." Says it also considered a sale of assets to support repayments to existing lenders, but decided against this approach. Reiterates that its performance was "resilient" in financial 2026, and says trading in the current financial year has shown momentum despite the challenging macroeconomic backdrop. Says continuing revenue for the first two months was over 10% higher year-on-year, and performance from its arrangements with Speedy Hire "continues to trend upwards, with the businesses working well together to identify further opportunities for improvement." Expects financial 2027 "to be a transitional year" in which "a prudent approach is required," and reiterates that it expects between GBP9 million and GBP12 million in underlying earnings before interest, tax, depreciation and amortisation for the year.
----------
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Mineral & Financial InvestmentsMetir PlcMirriad AdvertisingPortmeirionProservice Bldg