23rd Jul 2026 12:07
(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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LPA Group PLC - Essex, England-based engineering company focused on electronic systems - LPA strikes a distribution agreement with Boeing Distribution. Boeing Distribution will distribute LPA Red Box Aviation's product portfolio in the global aviation market. "As a result of this agreement, an initial stocking order of approximately GBP500,000 is expected in the second half of this calendar year," LPA adds. Boeing Distribution is part of New York-listed Boeing Co.
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Fonix PLC - London-based mobile payments and messaging services provider - Fonix expects to report adjusted earnings before interest, tax, depreciation and amortisation of GBP16.2 million for the year to June 30, up 11% from GBP14.6 million the year prior and ahead of market expectations of GBP16.0 million. It expects an increased final dividend, to be confirmed in its annual results, which will be published on September 22. Its final dividend a year prior was 5.90p. "Fonix enters FY27 with positive momentum across its core UK and Ireland markets, and an expanded international footprint from which to accelerate growth. In Portugal, engagement with additional broadcasters continues to progress, while the second pilot in Switzerland in August will inform the pace of development in that market. In France, the board expects connectivity and commercial discussions to progress further during FY27, and the fifth overseas European market is targeted to go live towards the end of FY27," Fonix adds.
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Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - It says its performance for the first half of 2026 was in line with expectations, with headline operating profit before adjustments expected to be up 10% at GBP2.4 million from GBP2.2 million in 2025. Also expects headline pretax profit to rise 27% to GBP1.4 million from GBP1.1 million, but for revenue to total GBP32.5 million, down from GBP34.1 million. Says it won new clients across all segments, and "maintained its track record of strong client retention". It enters the second half "with a strong new business pipeline," and says it continues to make progress against its key strategic growth priorities, including US expansion and further development of new business opportunities. Notes that "market conditions remain uncertain," but "remains confident in delivering profitable growth across all business segments".
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Eleco PLC - London-based software provider for the construction and built environment sectors - Eleco hails a "strong first half". Revenue rises 8.2% to GBP19.9 million in the first half of 2026, from GBP18.4 million a year prior. Annualised recurring revenue spikes 16% to GBP35.5 million at June 30, from GBP30.7 million a year prior. "With the ongoing digitalisation of construction and asset-intensive industries and the increasing regulatory and sustainability demands placed on our customers, the board remains confident in delivering full year 2026 results in line with market expectations," Chief Executive Officer Jonathan Hunter says.
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Inspiration Healthcare Group PLC - Croydon, London-based medical technology company - The firm says it is "encouraged" by trading in the first quarter of its financial year, as "momentum" in its core offering continues. Inspiration Healthcare's financial year runs to the end of January. "Our order book, opportunity pipeline and strengthened operational foundations provide us with confidence in the group's future prospects," Chair Roy Davis says at the firm's annual general meeting.
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hVIVO PLC - London-based contract research organisation testing vaccines for infectious and respiratory diseases - hVIVO expects to report that revenue in the half-year to June 30 fell by a third to GBP16.3 million from GBP24.2 million a year prior. Also expects revenue to be "heavily weighted" to the second half. hVIVO expects a swing to a "negative mid-single digit" adjusted earnings before interest, tax, depreciation and amortisation, from a positive adjusted Ebitda of GBP3.0 million a year prior. It expects to be adjusted Ebitda positive in the second half. hVIVO adds: "The company expects 2026 full-year revenue to be broadly in line with expectations of high single-digit revenue growth."
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Airea PLC - West Yorkshire, England-based flooring company - A "strong start" to the year continues in the second quarter of 2026. Sales during the quarter rise 10% on-year to GBP10.8 million and operating profit is up, Airea says. "The third quarter has started well with a strong order book for July. The group remains focused on expanding its low-carbon and carbon-neutral product range. At the recent Clerkenwell Design Week, the group showcased its biogenic yarns derived from renewable organic waste, including food waste. The board expects the strong momentum to continue through the remainder of the year and remains confident in the group's long-term prospects and its ability to deliver sustainable long-term value for shareholders," the firm says.
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Motorpoint Group PLC - Derby, England-based car retailer - Motorpoint's retail volumes rise 11% on-year in the first quarter ended June. "Profitability has improved strongly year on year, supported by continued excellent metal margins and cost discipline," the firm adds. "Improved vehicle supply, including buying cars direct from consumers via our Sell Your Car channel, and good progress on our strategic initiatives, including continued investment in data, AI and technology, have also supported this positive start to the year."
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Vp PLC - Harrogate, England-based equipment rental company - Trading in its first quarter ended June was "resilient", Chair Jeremy Pilkington says at the firm's annual general meeting. The chair notes "varying conditions across the end markets" Vp operates. "UK Infrastructure activity has been slower than anticipated; however, as AMP8 investment programmes mobilise, we expect activity to build throughout the year. Thanks to our strong positions, we continue to perform well in electricity transmission, specialist construction and international markets," he adds. "The board remains confident in the group's ability to capitalise on long-term opportunities across its specialist markets and continues to expect performance for the year to be in line with market expectations." It puts consensus for the full year at GBP351.3 million for revenue.
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Getech Group PLC - Leeds, England-based locator of subsurface resources - Getech wins a "major" European Commission deal for a "first Europe-wide assessment of natural hydrogen potential and associated regulatory requirements". The deal has an expected contract value of over EUR1 million, to be recognised in 2026 and 2027. Getech says: "Getech will deliver the main geological components of the study as part of a consortium led by Trinomics BV. The project will develop the first Europe-wide view of the potential of natural hydrogen as a low carbon energy source by mapping geological settings favourable for natural hydrogen accumulations, across all EU member states, assessing the feasibility of commercial extraction at selected locations and providing evidence-based recommendations to inform future regulation and market design."
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Metir PLC - York, England-based company focused on water testing services - Metir receives a letter from Avanceon Automation & Control WLL related to the future expansion of a continuous toxicity monitoring project in Qatar. The letter outlines Qatar General Electricity & Water Corp's and Avanceon's "long-term commitment to the project and intention to progress its CTM programme with Modern Water". "Following completion of the phase 1 handover, the group expects the contract to transition to recurring, high-margin consumables revenues while retaining the opportunity to expand the deployment through a potential second phase. The board believes the project provides an important commercial reference installation for future CTM opportunities across the Middle East," Metir adds. The project is intended to continue for at least 10 years, Metir says.
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SRT Marine Systems PLC - Bath, England-based provider of maritime domain awareness systems - SRT expects to report profit for the year to June 30 doubled. Pretax profit before exceptional items of GBP10 million is expected, jumping from GBP4.9 million, with revenue up 49% to GBP116 million from GBP78.0 million. "We are pleased to report that the results for the period are in line with market expectations. Revenues were generated from a growing range of sources that now include the provision of software enabled hardware, support and data services, unmanned surveillance vessels and infrastructure," SRT adds. "Looking forward to the new financial year we are confident of existing market expectations which we expect to achieve through a combination of existing contract execution and commencement of new pending contracts and/or additional conversions from our growing GBP1.8 billion pipeline may also occur during the period, however due to the challenge of precisely determining dates and timescales of new projects we will provide further market guidance once these become known." SRT says the gross profit margin from one project will be lower than expected, partly due to rising costs stemming from the Middle East conflict, as well as a decision to "expand the scope of the initial system". "These decisions were carefully taken, with wider new future opportunities in mind, in order to provide an enhanced capability reference to facilitate and enable future new contracts and projects. We therefore expect the reduced margin on this one project to be balanced by additional revenue and profit from other projects in the future," it adds.
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By Eric Cunha, Alliance News news editor
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