14th May 2026 15:11
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:
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TheraCryf PLC - Cheshire, England-based pharmaceutical firm focused on cancer and brain disorders - Reports progress towards human trials for its addiction treatment. Says it completed dosing of the Ox-1 blocker in a rodent toxicology study in early May, with early analysis indicating that the drug is "well tolerated at doses up to 100 times the expected requirements for human therapeutic use, which is well in excess of the tenfold safety margin requirements in the FDA guideline". Though the Ox-1 blocker aims to treat substance use disorders, TheraCryf says it has the potential to treat binge eating disorder. Chair Alistair Smith says the company "is approaching a very exciting inflection point" as it moves into clinical testing. TheraCryf has produced over 2 kilograms of the drug for use in human trials and filed a manufacturing patent application, expected to provide cover until 2046. "All remaining activities are due to complete on schedule by the end Q3 2026 when an application for human phase 1 trials can be submitted," the company adds.
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Nexus Infrastructure PLC - Braintree, England-based provider of civil engineering and infrastructure services to the UK housebuilding sector - Posts improved results for the six months ended March 31 and hails its "strengthening order book". First-half revenue rises 5.6% on-year to GBP32.3 million from GBP30.6 million, with Tamdown, the division responsible for housebuilding projects, contributing GBP29.1 million. Pretax loss narrows to GBP1.1 million from GBP1.9 million. Cost of sales tick up to GBP27.4 million from GBP26.1 million, while administrative expenses remain broadly stable at GBP5.7 million. Nexus values its order book for Tamdown at GBP87.9 million as of March 31, up from GBP80.8 million a year prior, and eyes an increase in revenue from Tamdown over the second half. Nexus adds: "While cognisant of the continued challenging UK macroeconomic backdrop, the board remains confident in the group's ability to deliver full-year results in line with market expectations."
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Amigo Resources PLC - targets gold and rare earth minerals in Africa, specifically Tanzania and Mauritania - Says the Tanzanian Mining Commission grants the company two processing licences covering its operations in the country at the Kabete and Mojimoto sites. "The grant of these licences provides Amigo with the formal regulatory framework required to develop modular processing infrastructure supporting exploration, metallurgical evaluation, ore aggregation and small-scale mining integration," Amigo explains. Says it has started planning processing hubs at both Kabete and Mojimoto. "Amigo is positioning itself not only as an explorer, but also as a specialised processing and beneficiation company focused on technically complex mineral systems, including sulphide-associated, refractory and ultra-fine gold mineralisation," the company says. Chief Executive Anil Kumar Reddy notes: "Kabete provides an opportunity to evaluate specialised recovery methodologies for sulphide-associated and potentially refractory gold systems, while Mojimoto advances our integrated exploration and processing strategy within the Lake Victoria Goldfield region." Chair Craig Ransley adds that Amigo "is also evaluating recovery methods for ultra-fine and refractory-associated gold fractions, alongside nickel, chromium and early-stage PGM indicators at Mojimoto, which warrant further systematic assessment."
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Kelso Group Holdings PLC - investor in London-listed companies - Raises GBP650,000 through a conditional placing of 17.8 million shares at 3.0 pence each and subscription for 3.8 million shares at the same price. "Kelso will use the net proceeds from the fundraising to expand its current investment portfolio into identified opportunities which will improve the balance of risk versus reward," the company says. It expects dealings in the new placing and subscription shares to take effect on Monday. Chair Nigel Knowles comments: "As a management team, Kelso believes significant opportunities are present in the UK market which present upside value for our shareholders and we look forward to updating holders on new investments in due course, once the investments represent approximately 10% of Kelso's gross investments, the threshold for announcement."
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Wildcat Gold PLC - London-based oil and gas company - Appoints Guild Financial Advisory Ltd to assist with its application for admission to the Access segment of the Aquis Stock Exchange Growth Market. Plans a further announcement regarding the expected date of admission, conditional on the application's success.
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Gresham House Renewable Energy VCT2 - London-based venture capital trust - Flags a delay in the sale of remaining solar assets, which it had aimed to complete in the first quarter of 2026. Says the process is "nearly complete", and that it expects to announce the outcome soon, but explains that it was "delayed whilst a number of items were finalised with the preferred buyer".
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Vanquis Banking Group PLC - Bradford, England-based lender - Launches a tender offer to purchase its outstanding GBP200 million fixed rate reset subordinated tier 2 notes due 2032 from noteholders for cash. Sets the purchase price at 101.8% of the principal amount. Says it "is proactively optimising its capital base and managing interest expense to support its group corporate strategy", and that the offer aims "to optimise the principal amount of the company's tier 2 capital outstanding, which is in excess of its regulatory capacity for tier 2 capital, thereby enhancing the efficiency of its capital stack". Notes purchased will be cancelled. Separately, it announces that the indicative maximum acceptance amount in relation to the tender offer is GBP100.0 million. Additionally, Vanquis expects to announce its intention to issue new sterling-denominated fixed-rate reset subordinated notes, worth an aggregate principal amount of GBP100 million. Completion of the tender offer is subject to the issue of the new notes. The final deadline for receipt of valid tenders is May 21. Expects the tender offer settlement date to be May 26.
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By Holly Munks, Alliance News reporter
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Related Shares:
Theracryf PLCNexus Infrastr.Amigo ResourcesKelso Grp HldgWildcat GoldGresham Renew 2Vanquis Banking