26th Feb 2026 21:30
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Vulcan Two Group PLC - investment company focused on acquiring e-pharmacy businesses - Agrees to buy three companies in the UK ePharmacy market, being CloudRx Holdings Ltd, Hyperdrug Pharmaceuticals Ltd and Webmed Pharmacy Ltd for a maximum GBP41.7 million, of which GBP37.1 million is payable in cash on completion. To fund the deal, Vulcan plans to raise GBP40 million by way of an institutional placing at a price of 200 pence per share. The placing will be conducted by way of an accelerated bookbuild. The acquisitions constitute a reverse takeover. The directors believe that the growth of the enlarged group will be supported by strong market tailwinds and driven by targeted sales initiatives, scalable infrastructure and a drive to best-in-class service. The enlarged group is expected to show underlying profitability and cash generation, generating over GBP35 million revenue, with a high proportion of recurring revenues.
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Tullow Oil PLC - London-based oil and gas company - Announces that holders of over 90% of its senior secured notes due May 2026 have acceded to the lock-up agreement in support of the company's refinancing transaction, meeting the necessary threshold. The transaction is expected to complete in the second quarter of 2026. Chief Executive Ian Perks said: "We are pleased to have secured strong creditor support for the refinancing transaction, positioning the company well for future growth." He adds: "Our priorities remain clear as we optimise production safely, maximise value across our operations and deliver our business plan. We are excited about the opportunities ahead to create value for all stakeholders."
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Wizz Air Holdings PLC - Budapest-based budget airline - Indigo Partners LLC announces that investment funds managed by it intend to sell, through Indigo Hungary LP and Indigo Maple Hill LP, around 10 million ordinary shares in Wizz Air, around 9.7% of the company's existing share capital. Sale will be conducted through a placing of shares via an accelerated bookbuild offering to institutional investors.
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Frontier Developments PLC - Cambridge, England-based video game developer and publisher - Intends to start an on-market share buyback programme, of up to GBP8 million, buying back around 1.4 million shares. The buyback will begin with immediate effect. Frontier says the buyback reflects the company's substantial cash generation in the financial year and current financial position, as well as confidence in Frontier's creative management simulation game focussed strategy and future prospects.
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Savannah Resources PLC - Portugal-focused lithium development company - Says continues to make good progress towards development of the Barroso Lithium Project. "We have advanced some key infrastructure aspects of the project in recent weeks along with other important tasks such as land ownership and formalised stakeholder engagement. Overall, we are building a solid foundation for the next phase of development. Encouraging lithium market conditions and growing commercial interest further reinforce the project's long‑term strategic value. This is the year of DFS and preparing for construction of our project. We remain fully committed to delivering Europe's leading spodumene lithium resource responsibly and efficiently, and the months ahead present significant milestones and opportunities as we move closer to realising the project's full potential," Savannah says.
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Oriole Resources PLC - west and central Africa-focused gold explorer - Provides an update on its 50% owned Mbe gold project in Cameroon, where it has received further positive results from the recently completed maiden diamond drilling programme at the MB01-N target. Results from holes MBDD034 and MBDD035 have returned further gold intersections, with results for the remaining four holes expected by end of the first quarter of 2026.
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Alien Metals Ltd - London-based mining firm focused on Australia - Provides an update on its Pilbara iron ore portfolio following the completion of an independent technical review by ERM Australia Consultants Pty Ltd. The assessment confirms significant potential for Brockman Iron Formation mineralisation potential across the Vivash and Brockman projects. Alien says the review has reinforced the strong iron ore credentials of its West Pilbara portfolio.
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Amigo Holdings PLC - Bournemouth, England-based firm pivoting to the mining sector following the wind-down of its legacy sub-prime lending busines - Executive Chair Craig Ransley provides update on "our strategic shift toward mining exploration." Amigo was previously a subprime loan operator. Ransley says Amigo is "rigorously prioritising capital allocation toward mining exploration and operations rather than administrative overheads," and focusing "our resources on the ground where we believe real value is created." Will "leverage cutting-edge technology to de-risk our exploration," and use AI and Machine Learning tools to "optimise our decision-making and operations." Says the Mojimoto Gold Project presents significant potential for Amigo's mining activities. "My presence at this hub is required to discuss terms, oversee technical assessments, and meet with national decision-makers. I believe this hands-on approach is essential to securing the company's position while avoiding unnecessary costs."
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Mila Resources PLC - gold exploration firm focused on Australia - Confirms that drilling has now commenced at the Yarrol Gold Project in Queensland, Australia. The company has demonstrated the continuity of gold-bearing structures outside the historic resource shell, and gained critical insight into the geological model following exploration in 2025 that included the first diamond drilling programme at Yarrol in its recent history. Mila is deploying the latest exploration science and technologies to fully understand the geology and is now looking to "step out" and test shallow targets along strike of the historic resource area at Yarrol as it aims to build the scale of the project and pursue extensions to higher grade zones. "We believe we now have a stronger geological model and this RC drilling is the first programme to step out from the historic resource area. The fully funded drill programme will test areas around the historic resource area, infill extensions to mineralisation discovered by our previous RC and diamond drilling work and begin to test targets further north along the Yarrol fault," Mila says.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Vulcan TwoTullow OilWizz AirFrontier DevSavannah ResourcesOriole ResourcesAlien MetalsAmigoMila Resources