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TRADING UPDATES: TruFin announces buyback and Playstack unit wins deal

23rd Jan 2026 14:13

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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TruFin PLC - London-based holding company of three growth-focused technology businesses operating in early payment provision, invoice finance and mobile games publishing - Playstack subsidiary, a games publisher, strikes a deal with a "global technology platform" for a new game set for release in the second half of the year. "The game is being internally developed and will therefore be owned exclusively by Playstack. The multi-year agreement includes a series of contractual payments, as well as performance-based fees payable following the game's launch. This contract materially enhances Playstack's first-party IP portfolio and increases the value of its overall portfolio. It also strengthens the visibility of Playstack's revenues for the coming years," TruFin says. "Despite being early in the year, this contract underpins TruFin's confidence that it will deliver yet another year of profitable growth in 2026 for shareholders." In addition, TruFin announces a new share buyback of GBP6 million. "The group continues to perform strongly and generate excess cash. The board continues to believe that the company's shares trade at a discount to an internally calculated intrinsic value and, as such, the share buyback programme is being initiated in order to further enhance shareholder returns and to reduce the company's share capital. Any ordinary shares acquired as a result of the share buyback programme will be cancelled," TruFin says.

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Pri0r1ty Intelligence Group PLC - AI-focused data and marketing services - Says it has seen an "encouraging" start to the financial year, with contracted revenue standing at GBP500,000, above its entire total revenue in the year that ended September 30. "At a little over three months into the financial year, we have already contracted revenue that exceeds the prior full financial year. This is an encouraging position from which to scale users on our platform deploying our AI products. The developing revenue pipeline is evidence that the diversified scope of the company's model is working, combining AI products to scale data capture and enrichment for clients, alongside outcome-focused enterprise consultancy services to integrate data into operational workflows that deliver growth for clients. We have an exciting strategy to grow our market share across the SME sector, and we will continue to build momentum by scaling product capability and customer acquisition through our sector-specialist operating companies," CEO Rory Maxwell says.

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Blackbird PLC - London-based provider of video editing software for the media and entertainment industry - Its video editing platform elevate.io launches subtitles and transcriptions within its offering. "Subtitles and transcriptions are central to video workflows with industry studies reporting up to 85% of social media videos are watched without sound. Creators increasingly rely on captions to ensure accessibility, higher engagement and clear messaging," Blackbird says.

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abrdn European Logistics Income PLC - property investor - It completes sale of further asset in France as part of its shareholder-approved managed wind down for EUR7.9 million. It says the price for the cross-dock parcel hub in Gevrey, Dijon is in line with its third quarter net asset value. Following this sale, 23 of the original 27 assets have now been sold. The firm says a further asset sale agreement has now been signed and is expected to complete before the end of the first quarter.

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Distil PLC - London-based owner of premium alcoholic drinks brands - Opens the Blackwoods Brand Home, and makes Tomos Brooks the brand home manager. "The opening of the space will allow the Blackwoods team to connect directly with customers, immersing them in the brand heritage and showcasing the range to build advocacy and strengthen affinity to the brand," Distil says, adding that the opening enables a new revenue stream for the firm. It is located near the Ardgowan Whisky distillery on the west coast of Scotland.

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Aminex PLC - oil and gas with operations in Tanzania - The pipe needed to construct the pipeline from the Ntorya gas field to the Madimba gas processing plant arrives to the Mtwara port in Tanzania, from China. "groundwork and pipelaying remains on schedule to commence in February 2026," Aminex adds.

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Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - The Mekhediviska-Golotvshinska, Svyrydivske and Vasyschevskoye production licences remained suspended in the fourth quarter, so there was no output from these assets during the period. At Svystunivsko-Chervonolutskyi, meanwhile, development planning is continuing. Back in December, its gas processing facilities at Vasyschevskoye were hit by Russian military drones. "The facilities were hit by several such drones, which resulted in significant damage to the facilities. The facilities had been mothballed since the reinstatement of the suspension of the VAS production licence on 27 February 2025, and consequently there were no active field operations at the field. As a consequence, there were only security staff on site, and most fortunately, there were no casualties as a result of the attack," Enwell says. It describes the operating environment in Ukraine as "very challenging".

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Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - It is now a member of the Critical Minerals Association in the UK. "This is an exciting development for Alba as we reinforce our growing profile within the UK's critical minerals ecosystem and deepen our engagement with the organisations shaping policy, skills and investment priorities across the sector. The Critical Minerals Association provides a direct line of communication between industry and government and plays a leading role in supporting the delivery of the UK's critical minerals ambitions," Executive Chair George Frangeskides says.

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Ajax Resources PLC - natural resources investment company focused on South America - The firm appoints Elton Pereira as a senior geological consultant in Brazil. The appointment comes into effect on completion of the buy of Pereira Velho Exploracao SA, which owns the Pereira Velho gold project in the Alagoas state.

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Blencowe Resources PLC - developing the Orom-Cross graphite project in Uganda - Signs deal with Alkeemia Spa, a graphite processing firm, for purification services for graphite produced from the Orom-Cross project in Uganda. "The graphite would be processed at a plant being developed by Alkeemia in Italy, delivering cleaner purified graphite than conventional Chinese processing routes and providing Blencowe with an alternative downstream pathway outside China," Blencowe says. The initial allocation is for up to 1,000 tonnes per year at the Italian facility. The intention is to up volumes over time.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Blencowe ResourcesAjax ResourcesAlba Mineral ResourcesAbrdn Euro LogBlackbird PLCPri0r1ty IntEnwell EnergyAminexTrufin PlcDistil
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