21st May 2025 21:51
(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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Revolution Beauty Group PLC - London-based cosmetics retailer - shares surge 29% after Revolution Beauty confirms it has received a preliminary approach regarding a possible offer for the company. This comes after the firm last week said it was reviewing its funding structure and exploring discussions in respect of support for an equity raise from its key shareholders. On Wednesday, Revolution Beauty says it has now "unanimously concluded that it would also be appropriate to investigate the sale of the company and therefore has decided to commence a 'Formal Sale Process'". The process is being managed by Panmure Liberum. The company expects interested parties to submit expressions of interest by June 11.
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RTC Group PLC - London-based recruitment company - in the first quarter of 2025, RTC says it continued its trajectory of positive trading and cash generation. As enters Q2, RTC says "we are beginning to witness the impact that the government's increases to employer's NI contributions and minimum wage are having on companies' appetite to recruit workers. Whilst this is clearly concerning, we believe our strategy of positioning the group across targeted sectors sees it well placed to capitalise on new and emerging growth opportunities as they arise." Stresses the group retains a "clean balance sheet" and continues to build its balance sheet through the generation of strong operating cash flows.
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Stelrad Group PLC - Newcastle upon Tyne, England-based producer of radiators - Despite the ongoing macroeconomic uncertainty, Stelrad's trading in 2025 to date is in line with management expectations. The full year outlook is unchanged from that given in March. Financial performance so far this year reflects proactive margin management and ongoing cost discipline which are continuing to underpin profitability, Stelrad says. Although the steel market continues to face uncertainty globally, Stelrad's supply arrangements remain stable, it says. "The risk of Stelrad's exposure to any US-related steel tariffs is low, due to the radiator market's European orientation and our diverse and longstanding supply relationships, all of which are outside North America," it adds. Stelrad concludes: "Our progress year to date reinforces our confidence in Stelrad's outlook for the full year thanks to our flexible, low-cost manufacturing footprint, outstanding customer service and unmatched product availability."
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Ajax Resources PLC - natural resources investment - confirms the completion of the acquisition of Puna Metals SA, a company holding the mining rights for the Eureka Project located in the Republic of Argentina from Bezant Resources PLC.
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The Artisanal Spirits Company PLC - Edinburgh, Scotland-based distiller of single-cask and limited-edition whiskies - confirms that the positive start to the year has continued over the first four months. Achieves double-digit revenue growth, resulting in year-on-year profitability improvement in the period, more than offsetting the previously announced one-off GBP0.5 million investment in SMWS America. "The performance to date, further strategic priority progress and expectation of further year-on-year Ebitda improvement in the remainder of the year, gives further confidence of delivering revenue and profit growth in the current year. Whilst still early in the financial year, the group remains on track to meet full year 2025 consensus Ebitda of GBP1.5 million," company says.
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EKF Diagnostics Holdings PLC - Cardiff-headquartered medical diagnostics company - announces new GBP1 million share buyback.
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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider for financial markets - signs a significant multi-year Exchange Cloud contract with the Australian Securities Exchange, the 11th largest stock market globally. The partnership is a revenue share deal, with revenue recognition expected to commence during 2025, further contributing towards the financial 2026 expectations and adding to the company's "increasing levels of contracted, multi-year, recurring revenue." Beeks says the transition to a revenue share model for Exchange Cloud contracts offers various commercial advantages, including shortened sales cycles, as well as higher long-term profitability potential. Looks to the future with confidence and is well positioned to deliver further growth.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Revolution BeautyRtc Grp.Stelrad GrpAjax ResourcesBezant ResArtisanal Sp.coEkf Diagnostics