29th Oct 2026 19:26
(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:
----------
Resolute Mining Ltd - gold mining in Mali, Senegal and Ivory Coast - Third quarter gold production climbs to 44,398 ounces from 45,192 ounces a quarter prior. Revenue drops to USD142.9 million from USD247.1 million in the third quarter of 2025. Earnings before interest, taxes, depreciation and amortisation in the quarter rise to USD64.0 million from USD128.5 million a quarter ago. Chief Executive Chris Eger says: "While [the third quarter] began with operational challenges in Mali, Resolute made meaningful progress across its key development and exploration projects with activities across all other assets performing well. Overall I am pleased with the results delivered throughout the quarter... As we move through the final quarter we expect a strong end to the year. Our focus remains improving performance at Syama, ramping up the [Syama Sulphide Conversion Project], maintaining momentum at Doropo, progressing the Mako Life Extension Project and finishing infill drilling at [ABC Project in Cote d'Ivoire]. Expects gold production of 205,000 ounces to 225,000 ounces for 2026.
----------
Seplat Energy PLC - Nigeria-focused energy supplier - Revenue in the nine months to September 30 rises 27% to USD2.76 billion from USD2.18 billion a year ago. Gross profit rises 35% to USD1.19 billion from USD879.5 million. Looking ahead, now sees production guidance at the upper end of its 145,000-155,000 barrels of oil equivalent. Lowers capex guidance to between USD280 million and USD340 million from USD360 to USD440 million before. Effiong Okon, chief executive officer, says: "Operationally, in our Onshore business, we achieved record gas production levels in the quarter, supported by continued solid ANOH ramp-up alongside strong performance on our Western assets, and we have clear line of sight to continued growth that will be underpinned by operational excellence as offshore gas production comes back online. Yoho restoration project was completed during the quarter, although start-up has been delayed due to pipeline damage that was identified and is being repaired, production is expected online in [the fourth quarter of 2026]. I'm pleased to announce exploration success at Aku-01, a strong reminder of our rich portfolio of prospects and the quality of the subsurface in Nigeria." Declares interim dividend of US 5 cents and a special dividend of US 14 cents.
----------
Hutchmed China Ltd - Hong Kong-based biopharmaceutical company - US Food and Drug Administration has granted orphan drug designation to sovleplenib for the treatment of primary immune thrombocytopenia, an autoimmune disorder that can lead to increased risk of bleeding. Sovleplenib is a novel, selective, oral spleen tyrosine kinase inhibitor. In China, new drug applications for sovleplenib in primary ITP and warm antibody autoimmune hemolytic anemia are currently under regulatory review by the National Medical Products Administration. This is supported by positive data from the pivotal ESLIM-01 and ESLIM-02 trials in China, respectively.
----------
JPMorgan UK Small Cap Growth & Income PLC - London-based trust aiming to achieve capital growth from UK-listed smaller companies - Shareholders will vote on November 23 to approve its proposed merger with Aberdeen UK Smaller Companies Growth Trust PLC. Heads of terms were announced in September. If approved, the scheme is expected to become exective on December 8. The merger would see Aberdeen UK Smaller Cos wound up and shareholders given the option to roll over their holdings into an enlarged JPMorgan UK Small Cap or to take cash. The cash option is capped at 35% of Aberdeen UK Smaller Cos's issued share capital and would be priced at residual net asset value less a 2% discount. The enlarged trust would continue to be managed by JPMorgan Funds Ltd, with management fees reduced to 0.60% on net assets up to GBP200 million and 0.55% above that level.
----------
ACG Metals Ltd - British Virgin Islands-based company focused on acquiring and consolidating copper assets - Oxide production totals 22,717 ounces gold equivalent in the 9 months to September, ahead of its annual target of 17,500 ounces gold equivalent. As such, raises its oxide production guidance by 43% to 25,000 ounces for the year.
----------
AVI Japan Opportunity Trust PLC - London-based investment trust focused on Japanese equities - Notes announcement by Japanese private equity firm Nippon Sangyo Suishin Kiko Ltd of a tender offer for Broadmedia Corp with the intention of taking the company private. Broadmedia is AJOT's seventh-largest portfolio holding, representing 6.12% of AJOT's NAV. The offer price represents a premium of 49.0% to Broadmedia's undisturbed share price as of the beginning of September, and a premium of 23.9% to the closing share price on October 29. "This marks the second third-party tender offer for an AJOT portfolio company in 2026, following the tender offer for Sharing Technology, AJOT's then-largest portfolio holding, announced on September 9. The announcement of a second transaction in as many months highlights the potential for corporate activity to emerge in clusters within AJOT's portfolio," AVI says.
----------
Trafalgar Minerals PLC - cash shell - Says it will not acquire another company or business by way of a reverse takeover on or before November 6, six months from the date of the disposal of its business assets. As a result, shares will be suspended from AIM on November 9. If its shares are suspended for six months, its admission will be cancelled. Chief Executive Officer Martin Hull comments: "We remain focused on identifying the right transaction for Trafalgar as we continue to assess opportunities in our pipeline. "Our priority is to take a disciplined approach and to pursue a transaction that we believe is in the best interests of the company and its shareholders."
----------
By Aidan Lane, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Trafalgar MinsResolute MiningAcg MetalsSeplat EnergyHutchmedJpm Uk Sml CapAberdeen Uk Sm.Avi Japan Oppo.