11th Nov 2025 17:09
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Altitude Group PLC - marketplace operator for the promotional products industry - Sees "steady" year-on-year growth in first half ended September 30. Revenue rises 185 to USD21.6 million, it says in a trading statement, from USD18.3 million a year prior. Adjusted earnings before interest, tax, depreciation, and amortisation improve to USD1.7 million from USD1.6 million. "With a clear focus on profitable growth, disciplined execution, and enhanced operational delivery, these initiatives form part of a broader plan to improve operational efficiency and financial resilience, laying the foundations for margin accretion, stronger cash conversion, and scalable growth into FY27 and beyond," it adds. It expects revenue and an adjusted Ebitda of USD43 million and USD3.7 million. Meanwhile, Non-Executive Director Martin Varley has become chief strategy officer. "With over 35 years of experience in the branded merchandise industry, Martin will help shape and guide the group's strategic priorities and support operational execution. The board's search for an independent non-executive director is well advanced and expected to conclude in the near term," it adds.
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Zenith Energy Ltd - oil company with interests in Italy, Tunisia - Italian unit Canoel Italia submits two applications for exploration permits covering the country's two largest uranium deposits, located in Lombardy. They are the Val Vedello and Novazza deposits. The projects together contain an estimated 15 million pounds of uranium oxide, valued at over USD1 billion at current prices. Zenith says "Lombardy has formally accepted both exploration permit applications". This marks a successful completion of the initial phase of the authorisation process. No prior applicant has got this far, Zenith adds. "Canoel Italia, a subsidiary of Zenith Energy, is regarded as a strong applicant due to its decade-long record of responsible energy-production activities in Italy, supported by proven technical and financial capability, formally recognised by MASE. These credentials strengthen the credibility of the applications and support a positive outcome in the permitting process," Zenith adds. MASE is Italy's Ministry for Environment & Energy Security.
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Celsius Resources Ltd - Philippines-focused gold and copper producer - Reports metallurgical testing shows "high copper recoveries" at the MCB project. "The conformity test results achieved are a strong outcome and further underpin the updated study and FEED economics for the initial ten years of mine life. The results confirm the homogenous nature of the high-grade ore body and support consistent ore processing performance through the first decade of the mines operations," Technical Director Peter Hume says.
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ECR Minerals PLC - Australia-focused gold exploration and development company - Expects assay results from Lolworth and Blue Mountain later this month. Both are located in Queensland. "Visible gold has been confirmed in multiple zones," ECR adds, noting preliminary results confirmed "extensive gold mineralisation" in the Lower Patterson area within Blue Mountain. ECR adds: "The rig then moved to Lolworth where ECR drilled 21 holes at the Uncle Terry prospect and a further seven holes at the Gorge Creek West prospect, to depths of between 30 and 42 metres, during September. Drill samples have now been packaged and recorded and are also with the laboratory for assay." It continues: "Although several results are outstanding, the information to date supports ECR's belief in respect of the commercial opportunity at Blue Mountain."
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NextEnergy Solar Fund Ltd - investor in solar energy and energy storage - Reports on the potential hit from possible changes to the indexation of renewable obligation certificates and feed-in tariffs in the UK. The possible changes are in consultation and present two options. The first option, which outlines an immediate switch to consumer price index indexation from the retail price index would have a roughly 2% hit to net asset value, NextEnergy Solar sayds. The second option, an immediate, temporary freeze to the ROC and FiT prices, would hit NAV by roughly 9%.
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Savannah Resources PLC - lithium development company with asset in Portugal - On Tuesday says it raises a total of GBP9.8 million from a placing, subscription and retail offer. It raises GBP453,647 in the retail offer, it reveals Tuesday. It issues 12.3 million shares at 3.7 pence during the retail offer. Following the retail offer, it says some that took part in the subscription portion of the fundraise have upped their participation "in order to ensure that their percentage shareholdings in the company are maintained". Grupo Lusiaves SGPS SA and Pluris Investments SA buy additional 1.5 million subscription shares each. In total, the subscription raises GBP3.5 million through the issue of 93.9 million shares. It adds that 264.8 million shares are issued for the whole of the fundraise, raising GBP9.8 million and giving the firm cash reserves of GBP21 million. Funds will go towards furthering the Barroso lithium project.
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PCI-PAL PLC - London-based secure payment solutions provider - Reports "strong start to the financial year" and new business for the year so far is in "line with management expectations". PCI's financial year ends in June. The firm hosted a capital markets day on Tuesday.
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By Eric Cunha, Alliance News news editor
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Savannah ResourcesNextEnergy SolarPci-palAltitude GroupECR MineralsZenith EnergyCelsius Res