17th Sep 2025 16:13
(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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CPPGroup PLC - Leeds, England-based provider of digital financial services - Completes its sale of CPP India for a total consideration of up to USD20.0 million, with an up-front consideration of USD15.0 million, net of Indian tax, now received. The business is purchased by OneAssist Consumer Solutions Private Ltd and Bolttech Device Protection India Private Ltd, which share a head office in Mumbai. Completion of the deal enables CPPGroup to now "focus on its digitally focused InsurTech business, Blink and to accelerate investment to support Blink's commercial and technology roadmap", the group says. CPPGroup intends to publish its half-year results on September 29.
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Lexington Gold Ltd - gold explorer, with assets in the US and South Africa - Hails "highly encouraging assay results" from drilling at the Jennings-Pioneer project in South Carolina. In the Barite Hill trend, drilling has extended mineralisation within the licence area, while in the Jennings area, "first-ever gold intersections" were achieved. "Multi-element assays have confirmed the presence of silver, copper, zinc and tellurium as potential by-products," Lexington adds.
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Zenith Energy Ltd - oil company with interests in Italy, Tunisia and the US - Agrees to acquire a solar energy development project located in the Puglia region of Italy, via its Italian subsidiary Wesolar Srl, which was created to manage the firm's solar energy portfolio. Zenith will pay a total consideration of EUR750,000, which includes the purchase of the land for the project. The Puglia acquisition will have a total installed capacity of around 6 megawatt peak, and is characterised as being at a 'development' stage. "The addition of a second solar energy project in Puglia increases our regional development capacity to 9 MWp and marks a further step in strengthening Zenith's Italian solar portfolio," says Zenith Chief Executive Officer Andrea Cattaneo. "Together with our development pipeline in Piedmont and Lazio, the Puglia acquisition establishes three development clusters in the most attractive regions of Italy for solar energy production. This cluster approach is expected to drive operating efficiencies, improve development and construction economics, and enhance long-term portfolio value."
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Quadrise PLC - London-based fuel and biofuel company - Completes proof-of-concept and emissions testing programmes for its MSAR and bioMSAR guels at the Sparkle Power SA plant in El Giral, Panama. These trials mark the first application of the fuels on Everllence 4-stroke engines, which Quadrise says expands the commercial potential of the fuels across additional engine types. The tests also confirm the fuel injection system modifications required to achieve maximum load. "With confirmed improvements in engine efficiency and emissions, we look forward to advancing discussions with Sparkle and a regional supply partner to establish a commercial supply facility serving the power and marine sectors across Central America," says Quadrise Chief Technology Officer Jason Miles.
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Fulcrum Metals PLC - Canada-focused exploration firm - Starts phase 3 optimisation gold and silver development work at its Teck-Hughes mine tailings project at Kirkland Lake, Ontario, with Extrakt Process Solutions LLC. This follows the "positive outcome" of its phase 1 high-level gold recovery investigation and phase 2 conceptual study. The work will confirm recovery results and look to optimise the processes for gold extraction, tailings dewatering, and pregnant solution recovery to support integration into Fulcrum's planned operations. Results of the phase 3 test work are due to be released in December, to support a phase 4 preliminary feasibility study level economic assessment with Extrakt. "Our phase 3 work with Extrakt will proceed in parallel with the auger drilling at the Teck Hughes project. This detailed metallurgical work will adapt and scale up the Extrakt technology to ensure optimised metal recovery," says Fulcrum Chief Executive Officer Ryan Mee.
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Funding Circle Holdings PLC - London-based lending platform focused on small and medium enterprises - Renews its "long-standing" partnership with Waterfall Asset Management and BNP Paribas, with a further forward funding commitment of GBP750 million. This means Waterfall will have provided more than GBP3 billion in total lending through leveraged facilities to Funding Circle since 2018, "which has helped support SMEs through both our commercial and government lending programs", Funding Circle says. "This renewed commitment is a testament to the quality of our platform and our shared mission to provide vital funding to the UK's small businesses. With this facility, we can continue to be a crucial source of finance, helping the backbone of the UK economy grow and succeed," says Chief Capital Officer Dipesh Mehta.
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By Emily Parsons, Alliance News reporter
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CppgroupLexington GoldZenith EnergyQuadriseFulcrum MetalsFunding Circle