11th Feb 2026 16:19
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Manx Financial Group PLC - Douglas, Isle of Man-based provider of financial services to commercial and retail customers - Manx warns that an additional provision will be required as part of the UK motor finance saga. Shares slump 11% in London on Wednesday afternoon. "Until the redress scheme has been finalised and announced in March, the actual increase in this provision cannot be accurately calculated. Once finalised, the group will provide an update in the next quarterly operational update or in the annual accounts - whichever is published first," Manx says. It had previously set aside GBP200,000 in relation to the matter. In a trading statement, Manx says its loan book increased 12% in 2025, "albeit tempered in the last quarter by a slowdown in activity as businesses and consumers put investment decisions on hold ahead of the budget". "Leaks and speculation about potential measures to be included began early and continued up until the chancellor's statement in Parliament. This created a climate of uncertainty in which spending plans for many small and medium sized enterprises and consumers were put on hold. Activity has now picked up again, and with the inflation and cost of living issues affecting both consumers and SMEs continuing, we believe demand for the group's short term financing products will remain robust," Manx adds.
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RTC Group PLC - London-based recruitment company - RTC's Ganymede Solutions arm has won new and extended contracts with major UK infrastructure and energy clients. It has been given an eight-year labour supply deal with Southern Renewals Enterprise, a GBP9 billion project focused on "infrastructure upgrades across Network Rail's Southern region including Kent, Sussex and Wessex". The Wessex route at Network Rail covers areas in Surrey, Berkshire, Hampshire, Dorset, Somerset and Wiltshire. The addition, Ganymede wins a 12-month extension to an existing deal with E.ON SE, which sees it "supply smart meter engineers to support E.ON's national energy metering operations".
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TPXimpact Holdings PLC - London-based technology-enabled services company - TPXimpact has been picked as a successful bidder for a GBP22 million, 2-year digital transformation award with NHS England. It will deliver services across maternity, neonatal and school-age vaccinations. "This new award with NHS England is strategically important for TPXimpact and places us at the heart of delivering nationally critical public services. It reflects the trust placed in us to operate at scale on complex government programmes and demonstrates the progress we have made following the successful execution of our turnaround plan. As we now focus on growth and acceleration, this win is a clear endorsement of our capability, our people and our role in delivering digital services that have a lasting, positive impact on society," Chief Executive Officer Bjorn Conway says.
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Zinc Media Group PLC - television and audio production company - Zinc Media expects to report 2025 revenue growth of 27% to GBP41 million, from GBP32.3 million in 2024. Adjusted earnings before interest, tax, depreciation, and amortisation grew at the same pace to GBP1.9 million from GBP1.5 million. It represents "the fifth consecutive year of revenue and profitability growth and record results for the group". "The group has had a positive start to FY26, securing GBP3m of new business including an international returning TV series meaning trading is in line with the strong start made in the prior year, with GBP21 million secured or highly advanced in the pipeline. Furthermore, the group is in advanced discussions over commissions worth an additional GBP10 million and are in early stage discussions with eight large projects each with a value of over GBP1 million which could deliver later this year," Zinc Media says.
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Tufton Assets Ltd - investment firm focuses on secondhand commercial sea vessels - Buys "two high-specification, eco-design, Japanese-built" Handysize Bulkers for USD33 million. "The acquisitions reaffirm the company's strategy of deploying capital into second-hand fuel-efficient, in-demand vessels that deliver attractive yields," Tufton adds. "After acquisition, one of the vessels is expected to commence a fixed-rate charter for 11-13 months with a leading commodity trader. The fixed-rate charter is expected to have a net yield of [around] 12%. The other vessel should commence an index-linked time charter with another leading commodity trader and is expected to have a net yield greater than 12% based on the investment manager's positive view of the bulker market."
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CEPS PLC - buys majority stakes in "profitable and steadily growing entrepreneurial UK companies" - It has agreed to sell subsidiary ICA Group Ltd to Certania Holding GmbH. The deal has an upfront and earn-out consideration but CEPS "will not participate in the earn-out payment". The deal has a GBP30.5 million enterprise value based on the upfront amount. CEPS stands to receive GBP14.0 million. It will put GBP5.0 million towards repaying debt. "The remaining sale proceeds will provide the company with additional resources dedicated to advancing the strategic business drivers that CEPS uses as the foundation for delivering sustained long-term value for shareholders," it adds. Macaulay Capital PLC, a provider of co-investment opportunities focused on small UK businesses notes the announcement. One of Macaulay subsidiary, Macaulay Management Ltd "is responsible for the management of an unquoted investment portfolio, which includes four private companies previously managed by Chelverton Asset Management Ltd". One of these portfolio firms is ICA Group. "Under the agreements between MML and the underlying investor of its portfolio companies, the group is entitled on a sale to, inter alia, accrued management fees and potential performance fees. In relation to the sale of ICA, management and performance fees of approximately GBP330,000 are payable to Macaulay by certain ICA shareholders," Macaulay adds.
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Nativo Resources PLC - Peru-focused exploration company - Nativo reports an additional sampling programme has been completed at the Bonanza gold mine. "This involved taking a further 117 samples from focus areas within the Tesoro concession to confirm the structural continuity of the vein system, support the commencement of production and optimise mine planning and grade control at the Bonanza gold mine," Nativo says. It will report results once assays have been analysed in around three weeks.
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Fulcrum Metals PLC - Canada-focused exploration firm - Fulcrum begins a pilot plant scoping study with Test Design Implement Solutions LLC, aimed at upscaling work at its Teck Hughes and Sylvanite tailings projects in Kirkland Lake, Ontario. "Fulcrum has commissioned TDI to undertake the study to identify the best way to advance from successful laboratory scale tests to a pilot-scale operation," Fulcrum adds.
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EnQuest PLC - oil and gas company with operations in the UK and Malaysia - Wholly-owned affiliate EnQuest Petroleum Production Malaysia Ltd gets a letter of award as part of the Cendramas production sharing contract, where it partners with Medco Asia Pacific Ltd and Dialog Resources Sdn Bhd. The award is from Petroliam Nasional Bhd, or Petronas, through Malaysia Petroleum Management.
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By Eric Cunha, Alliance News news editor
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Nativo ResourcesCepsMCAP.LEnquestFulcrum Metals PLCTufton Assets.Tpximpact HldgRtc Grp.Manx FinancialZinc Media