20th Mar 2026 17:41
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Pennpetro Energy PLC - London-based developer of "strategic traditional and transition energy projects" in Ukraine, US and Canada - Pretax loss narrows to USD1.7 million in 2025 from USD8.9 million in 2024 as impairments decline to USD104,142 from USD7.1 million. "The period under review has been one of profound transition for Pennpetro Energy, marked by significant operational, financial and governance challenges," company says. No dividend is declared, unchanged from 2024. Intends to request immediately that the suspension of its shares is lifted, following publication of the annual report. Adds: "While 2025 was an exceptionally challenging year, the foundations for recovery have now been firmly established. This current board believes that the company is well positioned to move forward with strengthened governance, renewed strategic focus, real, tangible and well due diligence assets and relationships, with the objective of returning to cash-generative operations. Importantly, the Company has dramatically improved, and this board will continue to provide clarity, transparency and communication to and with all shareholders existing and new alike."
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Team PLC - Jersey-based wealth, asset management and complementary financial services company and WH Ireland Group PLC - London-based wealth-management firm - Updates on the GBP12.7 million all-share takeover of WH Ireland by Team. High Court of Justice in England & Wales sanctions the scheme under section 899 of the Companies Act 2006. Remaining general conditions set out in part III of the companies' scheme document have been confirmed as satisfied or waived by Team. The expected last day of trade for WH Ireland shares remains March 23.
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abrdn European Logistics Income PLC - London-based property investor in process of winding down - Completes EUR47.5 million sale of its warehouse in Noves, near Avignon, France, as part of the managed wind-down. The warehouse was leased to organic food retailer Biocoop. Following the sale, 25 of abrdn's original 27 assets have been sold, generating EUR507 million gross before the repayment of associated debt. The two remaining assets remain subject to due diligence as part of the ongoing sales processes, abrdn says.
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Physiomics PLC - Oxford, England-based mathematical modelling company supporting the development of new therapeutics and personalised medicine solutions - Cancels general meeting scheduled for April 7 as it declines to pursue the proposed placing and retail offer to raise up to GBP500,000 at 0.3 pence per share. It completed a revised placing and retail offer at a placing price of 0.4 pence per share on Tuesday, which raised GBP490,000, alongside a GBP110,000 retail offer at the same price.
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Atlantic Lithium Ltd - Sydney-based lithium exploration company - Parliament of Ghana ratifies the mining lease at the flagship Ewoyaa Lithium project. Approval enables Atlantic to enter advance discussions on project funding and progress towards a project final investment decision. Under the lease, Atlantic Lithium has exclusive rights to carry out mining and commercial production activities over the mining lease area for an initial 15-year period, with the opportunity for renewable.
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MedPal AI PLC - London-based digital health and AI company - Launches the MedPal weight loss blood test, marking its entry into the at-home blood testing sector. The kit designed for users of GLP-1 medications. MedPal says the kit adds a third revenue stream alongside its AI wellness app and automated pharmacy operations at MedPal.clinic. Chief Executive Officer Jason Drummond says: "Blood testing is the missing layer in consumer health. By combining wearables, blood biomarkers, AI insights and pharmacy fulfilment in one ecosystem, we can now take users seamlessly from insight to diagnosis to treatment." Separately, the company announces that is undertaking a retail offer to raise up to GBP200,000 via the issue of up to 8.0 million new shares at 2.5 pence per share. Further, MedPal is undertaking a placing of new shares to raise about GBP527,000 via a bookbuild process at the issue price.
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By Aidan Lane, Alliance News reporter
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Related Shares:
PhysiomicsAtlantic LithiumMedpal AIAbrdn Euro LogTeamPennpetro EnergyWHIreland