23rd Oct 2025 15:35
(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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Mincon Group PLC - Shannon, Ireland-based engineering firm - Says the group trades as expected in the third quarter of 2025, with year-to-date revenue ahead of last year across all of regions, reflecting "resilience and adaptability in a volatile market." Currency fluctuations, particularly a weaker US dollar, result in a 2% negative impact on reported revenue year to date, compared to last year, Mincon adds. Revenue in the mining sector remains stable, with growth in North America offset by "some challenges" that persist in Africa with shifts in mining methods among key clients. Progresses with its "root and branch" review of operations, work in this area will continue in the fourth quarter and into 2026. Mincon expects further growth in construction revenue in the fourth quarter. In addition, it remains focused on cost reduction, operational restructuring and delivery of new technology to restore its "strong competitive proposition" in the mining sector. A "key" development project targeting the renewable segment remains on track.
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Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Sales of Accrufer, a treatment for adults with iron deficiency, total USD13.1 million in the third quarter rising from USD7.2 million the year prior, with 54,000 total prescriptions and an average net selling price of USD237 compared to 44,000 and USD167 a year ago. Given the strong momentum entering the fourth quarter, with September generating more than 40% of third quarter revenue, Shield says it remains on track to achieve its prior guidance of turning cash flow positive by the end of 2025.
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Synthomer PLC - London-based developer of polymer chemicals - Expects continuing group earnings before interest, tax, depreciation and amortisation in 2025 year to be similar to the GBP143 million reported in 2024 with cash inflow in the second half to result in broadly neutral free cash flow for the year. Says the third quarter saw a continuation of soft demand across a number of end markets, which the group was largely able to mitigate through additional self-help initiatives. The cost saving programme, announced in August, is now largely been complete and is on track to deliver GBP20-GBP25 million in savings on an annual run-rate basis by 2026. Remains "confident in our objective to double Synthomer's recent earnings levels in the medium term."
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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Revenue near doubles to GBP752,100 in the third quarter from GBP391,000 the year prior, with average revenue per tenant contract rising 5.2% on-year to GBP766 from GBP728. The number of tenant contracts completed climbs 83% to 982 from 537. In the quarter, the company expands its partnership network by adding a total of 52 new lettings agents, charities, councils and universities.
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Shoe Zone PLC - Leicester, England-based footwear seller - Expects pretax profit of GBP3.3 million in the 52 weeks to September 27, down sharply from GBP10.1 million the year prior. This includes a foreign exchange gain of GBP900,000, taking adjusted pretax profit to GBP2.4 million. The profit fall reflects a 7.6% drop in revenue to GBP149.1 million from GBP161.3 million, plus increases in national insurance, depreciation, national living wage and first half container prices. Shoe Zone says sales reflect a "decline in consumer confidence and the general negativity in the UK, as well as trading out of 28 fewer stores." However, the key weeks of back-to-school trade were in line with expectations, with digital revenue up 2.3% year-on-year. Product margin reduces to 61.0% from 62.8% a year ago, primarily due to higher container prices for the first half of the year, and Shoe Zone's February 'Buy one get one free' promotion. Shoe Zone continues to be cautious about the near-term outlook, with trading conditions expected to remain subdued. Awaits the outcome of the November UK budget. Is actively managing cash, which continues to remain "healthy", providing "resilience and flexibility" in the coming months.
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Nexus Infrastructure PLC - Braintree, England-based provider of civil engineering and infrastructure services to the UK housebuilding sector - Expects revenue to rise 16% to GBP65.9 million in the financial year ending September from GBP56.7 million the year prior. Says Tamdown's order book at year-end was significantly up by 62% to GBP83.4 million from GBP51.5 million, in spite of the current "challenges" in the housebuilding sector. Continues to maintain a focus on improving operational performance and managing its cost base, and as a result expects to report a reduced pretax loss. Nexus says it remains on track and looks forward to the opportunities ahead.
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Great Portland Estates PLC - London-based office building developer and landlord - Signs new GBP525 million ESG-linked unsecured revolving credit facility with a group of four existing relationship banks. The facility has a headline margin of 105 basis points over the sterling overnight index average, the UK's key interest rate benchmark, with an initial five-year term. This may be extended to a maximum of seven years at GPE's request, subject to bank consent. The new RCF replaces the existing GBP450 million facility and will be available for general corporate purposes. This includes the prepayment of its GBP75 million term loan which has a headline margin of 175 basis points over the sterling overnight index average. In addition, GPE exercises the first extension option on its existing GBP150 million ESG-linked revolving credit facility, extending its maturity to October 2028. The group's total bank facilities remain unchanged at GBP675 million. These refinancing activities increase the group's weighted average debt maturity by around two years on a fully drawn basis. The participating banks are NatWest Group PLC, Banco Santander SA, Bank of China and Lloyds Banking Group PLC.
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By Jeremy Cutler, Alliance News reporter
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Mincon GrpShield TheraSynthomerRentguarantorShoe ZoneNexus Infrastr.GPENatwestLloyds