8th Aug 2025 12:48
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News:
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FBD Holdings PLC - Dublin-based insurer - Pretax profit falls 47% to EUR17.1 million in first half of 2025, from EUR32.3 million 12 months earlier. Insurance revenue improves 11% to EUR235.1 million from EUR212.6 million. Combined operating ratio weakens to 94.2% from 87.7%. A combined ratio below 100% indicates profit on underwriting, so the lower, the better. FBD believes a combined operating ratio in the "low 90s" is achievable in 2025.
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Altitude Group PLC - Sheffield-based marketplace operator for the promotional products industry - Swings to pretax profit in year to March 31 of USD421,000 from loss of USD5,000. Revenue improves 23% to USD37.3 million from USD30.2 million. "Current trading remains in line with expectations, and the board is excited by the opportunity ahead for the group. Altitude has a clear focus on profitable growth in FY26, empowered by a motivated and knowledgeable senior leadership team that have the skills determination and dedication to deliver long term sustainable value for shareholders. With a disciplined approach to capital allocation, we are confident of translating our innovative market leading technology into substantial shareholder value," Executive Chair Alexander Brennan says.
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Stelrad Group PLC - Newcastle upon Tyne, England-based producer of radiators - Pretax profit in first half of 2025 slumps to GBP98,000 from GBP11.7 million a year earlier. Revenue falls 4.6% to GBP136.5 million from GBP243.1 million. "During the period, we delivered a resilient financial performance against a backdrop of ongoing economic uncertainty suppressing volumes in the group's key markets. Crucially, despite this environment, we have maintained our market leadership position and continued to enhance the flexibility of our operational capabilities," CEO Trevor Harvey says. "The board remains confident in its long-term growth plans and in driving continued shareholder value. The key priority for the group is to be prepared for an increase in volumes as and when market conditions improve. We know from our years of experience and long-standing position in the market that when volumes begin to recover, this happens at pace." Stelrad lifts its dividend by 2.0% to 3.04p from 2.98p.
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Empresaria Group PLC - Crawley, England-based staffing provider in the professional, IT, healthcare, property and commercial sectors - Pretax profit in the six months to June 30 amounts to GBP100,000, swinging from loss of GBP4.4 million a year earlier. Revenue declines 3.3% to GBP117.8 million from GBP121.8 million. "We are pleased with our progress in the first half, with a return to net fee income growth in the second quarter reflecting a strong performance in our US and Offshore Services operations alongside our disciplined approach to cost management which has driven meaningful profit improvement," Chief Executive Officer Rhona Driggs says. "While macroeconomic uncertainties persist, our performance in the first half of the year reinforces our confidence in delivering full-year results in line with board expectations. I want to thank our teams for their dedication and commitment, which is essential to our success."
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Vanquis Banking Group PLC - Bradford, England-based lender - Says turnaround "remains firmly on track and is gaining momentum". "The group delivered two consecutive quarters of profitability in the first half and has grown gross customer interest-earning balances over the last three quarters," Chief Executive Officer Ian McLaughlin says. Pretax profit in the six months to June 30 totals GBP6.2 million, swinging from a loss of GBP46.1 million loss the year before. Total income, however, fades to GBP219.7 million from GBP226.8 million. Operating costs are 24% lower at GBP137.4 million from GBP179.9 million. In addition, it notes a Supreme Court verdict on motor finance arrangements. "The recent Supreme Court judgment provides much-needed clarity, and we acknowledge the [UK Financial Conduct Authority's] decision to consult on a motor finance compensation scheme. Vanquis did not participate in discretionary commission arrangements. Our position is clearly differentiated from the unfair relationship decision in the Johnson case, supported by stronger disclosures, much lower average commissions and clear customer consent," the CEO says. Vanquis believes "that any liability is limited".
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Rights & Issues Investment Trust PLC - investor in smaller UK companies - Net asset value per share at June 30 half-year end rises 2.9% to 2,618.2 pence from 2,543.4p. Lifts interim dividend to 12.25p per share from 12.0p. Its total return is 4.3%, behind benchmark the FTSE All-Share Index, which returns 9.1%. "Despite lagging the company's benchmark, it is pleasing that the investment portfolio delivered a positive absolute return for the period. While the share price performance has been substantially weaker, we are focused on delivering investment returns as we believe that this will create the most value for shareholders over time," the investment firm says.
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Macaulay Capital PLC - provider of co-investment opportunities focused on small UK businesses - Pretax loss in six months to June 30 widens to GBP226,400 from GBP189,766 a year earlier. Revenue improves to GBP156,809 from GBP126,601. "During the six months to 30 June 2025, we did not complete any new investments, which was frustrating as we agreed terms and largely completed due diligence on an excellent investment opportunity in the food sector; however, even though the necessary funds were in place, the shareholders in the private company decided at a late stage not to proceed," it adds.
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Bellevue Healthcare Trust PLC - invests in listed global healthcare companies - NAV per share at May 31 half-year end falls to 121.11p from 154.32p in November. NAV total return per share is negative 20%, shy of MSCI World Healthcare Index total return of negative 12%. Bellevue on Thursday announced a strategic review. "The strategic review will consider all options for the future of the company. The board welcomes proposals from all parties, including Bellevue Asset Management, third-party investment managers and other investment companies," it said.
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By Eric Cunha, Alliance News news editor
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Related Shares:
FBH.LAltitude GroupStelrad GrpEmpresaria GroupVanquis BankingMCAP.LBellevue Health