16th Mar 2026 16:46
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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abrdn European Logistics Income PLC - London-based property investor in process of winding down - Completes sale of further asset located in the Netherlands for around EUR35 million, or 4.5% ahead of the company's independent third quarter of 2025 valuation by Savills. abrdn European Logistics Income adds that it continues to progress its shareholder-approved managed wind-down. 24 of the 27 original assets have now been sold, generating a total of over EUR460 million before repayment of associated debt. Further, the firm expects to announce its fourth quarter net asset value update "shortly."
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Dianomi PLC - London-based provider of native digital advertising services - Announces new partnership with Austin, Texas-based artificial intelligence media infrastructure company Dappier, aimed at launching an advertising monetised AI-powered financial answers engine designed for financial publisher websites. Dianomi Chief Exexutive Officer Rupert Hodson says: "Financial decisions start with questions. AI is changing how those questions are asked, and we believe publishers should benefit from that shift, rather than lose audiences to external platforms. Dianomi's role in this partnership is clear: we bring the premium financial advertisers and global distribution across the world's leading financial publishers. By leveraging Dappier's AI technology, we are transforming conversational financial intent into a scalable advertising opportunity thereby helping publishers to further monetise their sites and further embedding Dianomi within the publisher ecosystem."
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Kendrick Resources PLC - mineral exploration and development company with projects in Namibia and Sweden - Says assays from a drill hole at the Bonya rare earth project, Namibia have "significantly exceeded expectations". It reports drill intercepts over "notable mineralised widths" and at grades that place the Bonya carbonatite complexes "amongst the best rare earths projects worldwide". It says the drill hole ends in 6.09% of total rare earth oxides with expectations that mineralisation continues at depth. "The results are extremely impressive and as good a start as the company could wish for. What is particularly encouraging is the correlation between surface work and actual drill results since there is much channel sampling and trenching that we are able to use to target our future drilling," says Chair Colin Bird.
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MedPal AI PLC - London-based digital health and AI company - Says subsidiary Medpal Ltd, which has dispensed a total of almost 147,000 prescription items in the first four months of operations, generating turnover of over GBP1.5 million. The average gross margin across the period was about 33%. CEO Jason Drummond says: "This performance validates the scalability and commercial viability of our automated dispensing model and the strength of our vertically integrated platform. We continue to see strong demand across both our NHS Distance Selling Pharmacy contract and our private weight-loss services through MedPal.clinic, and we look forward to updating the market on continued progress."
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Metals One PLC - London-based metals exploration and development company - Announces partial sale of interest in CleanTech Lithium. Metals One sells 7.0 million CleanTech Lithium shares for GBP910,000, and now holds around 5.9 million shares, around 2.9% of CleanTech Lithium's issued share capital. The sale was at a profit of 159% of its weighted average share purchase price, Metals One says. Metals One Managing Director says: "We are pleased with the recent developments CleanTech Lithium has made at its Laguna Verde project, specifically the award of the special lithium operating contract by Chile's Ministry of Mining, which represents a major milestone in the development of the project. After releasing some additional profit to satisfy market demand, Metals One retains significant upside exposure to the next phase of Laguna Verde through shares and warrants."
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Nativo Resources PLC - Peru-focused exploration company - Finds 40.2 grammes of gold per tonne at Bonanza Vein within Bonanza gold mine, focusing on areas surrounding the Tesoro Shaft in Peru. Further, multiple high-grade intercepts of around 5 to 10 grammes of gold per tonne confirm the presence of a high-grade mineraliseed shoot within the Bonanza Vein system, the company says.
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By Tom Budszus, Alliance News slot editor
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Related Shares:
Abrdn Euro LogDianomiKendrick ResourcesMedpal AIMetals OneNativo ResourcesCleantech Lithium