5th Jan 2026 16:35
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Built Cybernetics PLC - London-based company focused on smart buildings - Its architecture business Aukett Swanke acquires interior design firm Work.Place.Create. Ltd. A payment of GBP50,000 has been made, before further payments at the end of this year and next year. A payment due at the end of this year will be equal to a quarter of annual revenue, capped at GBP125,000, assuming WPC generates revenue of GBP500,000. The 2027 payment is capped at GBP25,000, assuming GBP750,000 revenue is generated that year. "WPC offers a range of interior design services to corporate clients, primarily in London and the South East, which is highly complementary to Aukett Swanke's existing and target client base. The WPC business will be integrated into that of Aukett Swanke, and the vendor Nick Viner has joined the board of Aukett Swanke as the director responsible for interiors," Built Cybernetics says. Built Cybernetics was previously named Aukett Swanke Group PLC.
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Manx Financial Group PLC - Douglas, Isle of Man-based provider of financial services to commercial and retail customers - Manx has entered into two unsecured loan agreements totalling GBP2.0 million for three years. The funds will "support the regulatory capital requirements of Conister Bank Ltd under Isle of Man banking regulations". "The two loans of GBP1.0 million each from Jim Mellon and Burnbrae Ltd respectively have been agreed on arms-length standard commercial terms with an annual interest rate of 8% that is comparable with the terms offered to unrelated parties. The loans are unsecured and repayable by the company at any time during the period," Manx adds.
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Touchstone Exploration Inc - onshore oil and gas development in Trinidad & Tobago - The Carapal Ridge-3 development well, in which it holds a 65% operating working interest, encounters 1,082 feet of net sand, including around 1,000 feet of net Herrera sand. It is the first well drilled into the Carapal Ridge pool in the past 17 years. It says completion operations are underway, with tie-in to the Central block natural gas processing facility targeted for the first quarter of 2026. The well supports the potential for up to three more Herrera development wells on the Central block. "The well was executed successfully by our drilling team and represents our first horizontal well drilled into the Herrera reservoir," says Chief Executive Officer Paul Baay. "As anticipated, CR-3 encountered hydrocarbon-bearing sands both below and above a key shale marker. We intend to initially produce from the lower horizontal section of the well, with significant volumes of uphole sands available for potential future perforation. While the well has resulted in thick pay zone across multiple horizons, the ultimate deliverability will not be known until the well is completed and tied into the facility."
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New Frontier Minerals Ltd - minerals exploration company in Australia with exposure to copper, heavy rare earth minerals and uranium - The mining lease application at the Big One asset in Queensland, Australia has moved to the technical assessment phase. Chair Gerrard Hall labels this an "important milestone". New Frontier adds: "Proposed initial activities would target near-surface copper mineralisation and the transport of existing historical stockpiles, supporting a low-strip, surface-based development approach. Further resource drilling could potentially extend known mineralisation at the Big One copper deposit, where key historical intercepts included."
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Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Re-assessment work at the Balthaga project in Saudi Arabia has been completed. "Reassessment has identified new prospective targets for rare earth and critical elements, including technology and specialty metals associated with granite-hosted mineralisation," Power Metal says. Power Metal notes it has fulfilled the initial expenditure requirement, to fund USD350,000 within 12 months, meaning it is now a 20% holder of the project.
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Geo Exploration Ltd - oil and gas exploration company focused on Africa, Australia and the Mediterranean - Results from drilling of two holes at Juno project, JUD001 and JUD002, confirm "presence of mineralisation". "Gold and copper sulphide mineralisation, together with silver and zinc, was intersected in both drillholes JUD001 and JUD002," Geo Exploration says. The project is located in Western Australia.
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Value & Indexed Property Income Trust PLC - invests in UK commercial property for indexed income - Value & Indexed buys a driving test centre in Dundee in December for GBP3 million at a net purchase yield of 8.5%. A Marks & Spencer Group PLC supermarket in Blandford Forum was sold in November for GBP3.1 million, a sum in line with valuation. VIP adds that at an industrial property in Milton Keynes, the tenant's break option was moved to 2035 from 2030 and the lease extended by 10 years to 2045. "VIP continues to have no unlet properties and no offices. 29% of the portfolio is in supermarkets, 22% warehouses/industrials, 14% garden centre, 10% bowling, 10% hotels, 3% pubs and 12% other leisure," it says. VIP says the quarterly independent valuation of its portfolio stood at GBP132.7 million, up from GBP132.3 in September.
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By Eric Cunha, Alliance News news editor
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ViperaBuilt CybernetGEO Exploration LimitedPower MetalManx FinancialNew Frontier Minerals