2nd Sep 2025 20:08
(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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Aptamer Group PLC - York, England-based synthetic binders developer - Announces that it has signed a new therapeutic development agreement with Invizius, a clinical-stage biotechnology company focused on second-generation complement system therapies for inflammatory, fibrotic, and autoimmune diseases. Under the agreement, Aptamer will develop Optimer binders targeted to critical factors of the complement system for an undisclosed sum. The Optimers will help suppress unwanted immune responses in multiple diseases, including IgA nephropathy, a serious kidney disease. The use of Optimers instead could make the therapy safer, more precise, and less likely to cause side effects. "This partnership with Invizius is a strong strategic fit with our licensing-led growth model," Aptamer says.
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Pulsar Helium Inc - helium project developer - Signs non-binding term sheet to acquire up to 100% of Quantum Hydrogen Inc in an all-share deal. Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota located in St Louis and Itasca Counties, to the west of Pulsar's flagship Topaz project. The deal represents an around 1,000% increase to Pulsar's gross acreage in Minnesota, on completion. The term sheet includes a 120-day exclusivity period to execute a definitive agreement and to allow Pulsar to complete its due diligence exercise. Pulsar will acquire 80% of Quantum for USD400,000 with the consideration to be satisfied entirely through the issue of new Pulsar stock. This will be issued in five equal monthly tranches of USD80,000 over a five-month period. Pulsar retains the right to acquire the remaining 20% of Quantum within 18 months for an extra USD400,000 in Pulsar shares. Pulsar says the newly acquired acreage provides an opportunity to apply Pulsar's extensive subsurface knowledge in a conventional gas reservoir. Pulsar remains focused on achieving its core objective of becoming a major helium producer at Topaz, with this additional acreage being a low-cost, long-term addition intended for future exploration activities. President & Chief Executive Thomas Abraham-James says the deal is a "fortuitous" opportunity to obtain additional non-hydrocarbon gas leases in Minnesota, complementing Pulsar's existing portfolio.
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Journeo PLC - Ashby-de-la-Zouch, Leicestershire-based provider of information systems and technical services to transport operators and local authorities - Completes the acquisition of Crime & Fire Defence Systems Ltd, an infrastructure protection systems integrator in physical and cyber security solutions to the UK Critical National Infrastructure, defence and utilities markets. Journeo will pay around GBP10.7 million cash for the business, plus GBP2 million in two equal deferred cash payments after 12 and 24 months after completion, and GBP1 million via the issue of new Journeo shares at 6.5p each. CFDS is expected to have more than GBP1 million in cash on completion. The business reported GBP1.4 million in pretax profit for its financial year that ended April 30, on revenue of GBP17.3 million. Journeo expects the acquisition to add GBP4 million in revenue and GBP400,000 in pretax profit to its full-year market expectations, which were previously set out at GBP52 million in revenue and GBP5.2 million in adjusted pretax profit. Journeo also expects the acquisition to grow financial 2026 revenue by GBP17 million and GBP1.4 million in adjusted pretax profit, above the current consensus for GBP55 million and GBP5.8 million respectively.
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Defence Holdings PLC - London-based defence technology platform - Says that its strategic partnership with Whitespace Global Ltd will now operate under the title, Defence Technologies. Defence Technologies provides a platform identity for the development, integration, and deployment of sovereign AI-enabled defence software products, it says. "Defence Technologies provides the identity and focus we need to turn strategy into product. It gives our stakeholders, from primes to procurement, a clear platform to engage with, while enabling us to scale multiple developments at once," company says.
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Fairview International PLC - operator of international schools following the International Baccalaureate curriculum - Expects revenue of GBP5.3 million in the financial year to June 30, up 6.0% from GBP5.0 million the year prior. Growth reflects the impact of higher average fees across the company's two Malaysian schools, while at the same time, Fairview continues to manage operating and administrative costs carefully, leading to improved margins. Notes new student enrolments for the year ending June 30 2026 are currently 9% ahead of the same period last year and says increased marketing efforts are expected to drive further enrolment growth. "These results reflect solid operational and academic progress. Since our IPO in October 2024, we have focused intensively on student recruitment, and the early signs are positive. With sustained marketing efforts and continued academic excellence, we anticipate further enrolment gains as the year unfolds," company says.
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Tekmar Group PLC - Newton Aycliffe, England-based technology and services provider for the offshore energy industry - Expects adjusted earnings before interest, tax, depreciation and amortisation for the year ending September 30 to be "broadly consistent" with the GBP1.7 million reported the year before. Tekmar also expects to reach an adjusted Ebitda break-even position for the full year, representing a "material improvement" from the GBP700,000 Ebitda loss recorded for the first half of the year. The company cites slower than anticipated conversions to orders during the second half to date, with some forecasted revenue moving into financial 2026. Tekmar continues to expect improved revenue and Ebitda generation in the second half "albeit at a lower level than previously anticipated". Chief Executive Officer Richard Turner says: "We remain confident we will translate the healthy pipeline into good quality orders, addressing the underutilisation in the business, and building the platform for sustained growth for 2026 and beyond."
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Severfield PLC - Thirsk, North Yorkshire-based design, fabrication and construction of structural steel in the UK and India - Says market backdrop is unchanged from that described in the outlook statement contained in the financial 2025 results announced in July, and trading since the start of the financial year has been as expected. In view of this, expectations for financial 2026 are also unchanged and Severfield continues to anticipate that the full year results for FY26 will be significantly more second half weighted. Financial position remains "good", Severfield adds. UK and Europe order book at September 1 stood at GBP420 million, down from GBP444 million at July 1, providing a good volume of future work. Of this, GBP330 million is scheduled for delivery over the next 12 months. Says the order book remains "well-diversified" and contains a good mix of projects across key market sectors. The bridge remedial works programme continues to progress in line with expectations, with no material changes to the estimated costs recorded in the financial 2025 results.
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Avingtrans PLC - Cambridgeshire-based designer of components for the energy, medical and industrial sectors - US-based subsidiary, Hayward Tyler Inc secures two new nuclear contracts with a combined value of over USD16 million from long-term existing customer Korea Hydro & Nuclear Power. Both contracts will be manufactured at Hayward Tyler's facility in Colchester, Vermont, with completion and delivery expected by the end of financial 2027. Revenue from the contracts will predominantly be weighted towards 2027 with a portion of value helping to underpin financial 2026 forecasts. Duncan Morgan, group managing director of Hayward Tyler, comments: "These contracts are strategically significant for our business and illustrate the strong momentum we are enjoying in the South Korean market, which is a growing opportunity for us."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Aptamer GroupPulsar HeliumJourneoDefence HoldingFairview InternationalTekmar GroupSeverfieldAvingtrans