26th Jun 2025 18:30
(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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Made Tech Group PLC - London-based provider of digital, data and technology services to the UK public sector - Expects revenue of GBP46.4 million in year to May 31, up 20% from GBP38.6 million. So this is ahead of consensus of GBP43.0 million. Adjusted Ebitda will also top consensus at GBP3.4 million, rising from GBP2.4 million. Consensus is GBP3.0 million. Made Tech says: "As a result of the strong momentum, and underpinned by the substantial contracted backlog, the board now expects trading for FY26 to be ahead of current market expectations. The board is encouraged by the recent publication of the spending review and notes the UK governments' commitment to the digital transformation of the public sector. The board believes that the company is well positioned to benefit from this increased investment and anticipates that the group will deliver profitable growth and continue to be free cash flow positive throughout FY26 and FY27."
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Time Finance PLC - Bath, England-based asset, loan and invoice finance provider for small and medium enterprises - Expects to report pretax profit rise of 34% to GBP7.9 million in year to May 31, from GBP5.9 million. Revenue improves 11% to GBP37.0 million from GBP33.2 million. Gross lending-book up 8% to a record GBP217 million.
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NAHL Group PLC - Kettering, England-based consumer marketing services provider focused on the legal services sector - "Momentum" seen in first quarter continues in second. NAHL is confident of a full-year outcome in line with market expectations.
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dotdigital Group PLC - London-based customer experience and data platform - Acquires Social Snowball Holdings Inc, an influencer, affiliate and referral marketing platform for e-commerce firms. The total consideration is USD35 million, with an initial USD20 million and USD15 million in earnouts. "The acquisition is expected to be immediately earnings enhancing, providing a highly complementary addition to the group's CXDP platform. Social Snowball strengthens Dotdigital's cross-channel marketing automation capabilities and creates a unique value proposition as the first company to bring these capabilities together," dotdigital says. Expects revenue for year ending June 30 to be in line with consensus on constant currency basis, after adjusting for GBP700,000 hit from not renewing a "non-core, low-margin" contract. "The full revenue impact will take effect in FY26," it adds. Says hit to adjusted earnings before interest, tax, depreciation and amortisation from non-renewal is minimal.
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Blue Star Capital PLC - investing company with a focus on blockchain, esports and payments - To buy around 4,500 shares in SatoshiPay Ltd, increasing its stake in the blockchain payments firm to approximately 50%.
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CT Automotive Group PLC - interior automotive components - On track to meet 2025 market expectations for profit, though sales growth will be "slightly softer than expected". The softer than forecast sales will be offset by "further improvements in our gross margin position". "While the situation continues to evolve, to date the introduction of global tariffs has been managed effectively, with only limited impact on our operations and financial performance. Our proactive approach ensures that any additional costs are seamlessly passed on to our customers or absorbed without disruption," CT says.
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Ariana Resources PLC - mineral exploration and development company with interests in Africa and Europe - Announces an updated economic model and strategic options study for its Dokwe gold project in Zimbabwe. Ariana says revised Dokwe North pre-feasibility study economic model on reserves, at a gold price of USD2,750 per ounce, provides a net present value of USD354 million and a 75% internal rate of return. This is compared to the NPV of USD69 million and 24% IRR at the project's acquisition in 2024. The model also provides for up to 76,000 ounces of gold per year from a single, staged, open-pit with primarily carbon-in-leach processing. Ariana says annual production of up to 100,000 ounces of gold over a 10-year life of mine is targeted for the DFS.
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Strategic Minerals PLC - mineral exploration and production company with projects in South Australia, the US state of New Mexico, and the UK - Begins nine borehole drill programme at Redmoor tungsten-tin-copper project in east Cornwall. "The rig has commenced drilling the first of the three boreholes located at the current drilling pad, on Redmoor Road in Kelly Bray, Callington, with these three boreholes expected to take up to three months to complete. An additional rig will then join the programme for up to a further three months, to support the completion of the 9-borehole programme," it says.
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Savannah Resources PLC - lithium development company - To raise around GBP4 million for funds to further its Barroso lithium project in Portugal. Fundraise will be at 3.5 pence per share, a 5.4% discount to its closing price on Wednesday. It says GBP2.0 million will be raised through a subscription, which includes the backing of four of its largest shareholders and some members of board and management team. Savannah adds that a placing will raise GBP2.1 million. There will also be a retail offer.
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Bluebird Mining Ventures Ltd - developing gold projects in Asia - Begins drafting process for new prospectus with view to raising minimum of GBP10 million, at a "premium to the current share price". It notes "unprecedented multiple offers from various sources of equity capital". "The company intends to quickly build further upon this foundation and the market's enthusiastic uptake of our newly focused approach," it adds.
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By Eric Cunha, Alliance News news editor
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Related Shares:
dotDigital GroupNahl GroupStrategic MineralsCt AutomotiveMade TechArianaTime FinanceSavannah ResourcesBluebird Mining Ventures