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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Vp PLC - Harrogate, England-based equipment rental company - Performance in first quarter ended June was ‘resilient despite mixed market conditions’. Vp still expects an annual performance in line with market expectations, which it puts at £386.1 million for revenue and £37.3 million for pretax profit before amortisation, impairment, exceptionals and other items. Chair Jeremy Pilkington will say on Wednesday’s annual general meeting: ‘Within infrastructure, the transmission sector has been strong, particularly in Germany, and we remain optimistic about water opportunities in AMP8. Rail activity levels continue to be subdued, particularly in relation to Network Rail’s CP7.’ In construction, ‘specialist construction continues to perform well in the context of mixed markets in both the UK and Ireland’, the chair says. ‘However, in general construction, market conditions remain challenging. Brandon Hire Station’s recovery plan continues, which the group remains on track to materially complete by the end of the financial year. In the group’s smaller end markets of housebuilding and energy, performance has been broadly in line with the board’s expectations,’ Pilkington adds. ---------- Norcros PLC - Cheshire, England-based supplier of bathroom and kitchen products in the UK, Ireland and South Africa - Performance in first quarter to June 30 ‘continued to be resilient’, and Norcros leaves full-year expectations unchanged. Revenue during the period rises 0.6% like-for-like on a constant currency basis, Norcros reports ahead of its annual general meeting. It adds: ‘Revenue in our core UK & Ireland market was 1.0% ahead of the prior year for the period on a like-for-like basis, supported by continued share gains in our more resilient mid-premium end markets. In South Africa, revenue for the period on a constant currency like-for-like basis was 0.6% behind the previous year after a particularly difficult first month. The announced closure of our tile manufacturing plant at Johnson Tiles South Africa has been completed in line with our plan.’ ---------- Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - Revenue in first half of 2025 rises, and Personal Group is confident that ‘trading remains in line with market expectations for the full year’. First half revenue improves 11% on-year to £23.3 million from £21.0 million. Adjusted earnings before interest, tax, depreciation, and amortisation climb 41% to £5.5 million from £3.9 million. ‘Personal Group benefits from increasing levels of recurring revenues, a growing product offering and expanding partner programme, supported by a strong balance sheet. These factors, combined with the continued strong Insurance performance in H1 2025, provide the board with confidence that trading remains in line with market expectations for the full year,’ it says. ---------- Itaconix PLC - manufacturer of plant-based polymers - Hails ‘record’ first half results, helped by trade at its cleaning products portfolio. Group revenue during the half year rises 73% to $4.8 million from $2.8 million. Cleaning revenue jumps 87% to $4.3 million. ‘With H1 trading in line with expectations and a positive start to H2, the board’s expectations for 2025 remain unchanged. The board nevertheless continues to monitor US trade policies, the macro-economic environment and customer ordering patterns,’ Itaconix says. ---------- Ecora Resources PLC - critical minerals-focused royalty company with assets in North America, South America, Africa, Europe and Australia - Reports $11.8 million total portfolio contribution during the second quarter of 2025, surging 97% from $6.0 million in the first. ‘Our critical minerals portfolio is continuing to deliver on its growth potential, as demonstrated by a 61% increase in portfolio contribution from our base metals portfolio. This was driven by the acceleration of the Voisey’s Bay ramp up, a maiden contribution from the Mimbula copper stream and a third consecutive record quarterly performance from Mantos Blancos,’ CEO Marc Bishop Lafleche says. ‘This marks a pivotal point in our transition towards a revenue profile derived primarily from copper, as well as other critical minerals, with further volume growth from this commodity basket expected in the second half of 2025 and onwards.’ ---------- Guardian Metal Resources PLC - Nevada focused tungsten exploration and development company - Gets $6.2 million from the US Department of Defense to ‘accelerate the development’ of the Pilot Mountain tungsten project in Nevada. ‘With this funding now secured, the company plans on immediately advancing the pre-feasibility study for its Pilot Mountain tungsten project, on the way to its ultimate goal of playing a significant role in the US onshoring efforts of critical metals to support US national security and economic objectives,’ Guardian Metal adds. In addition, Guardian Metal announces it has successfully raised around £15.6 million through the issue of 25.9 million shares at £0.60 each. ‘The fundraising is led by the company’s largest shareholder, UCAM Ltd, and includes participation from certain of the company’s other existing shareholders and other institutional investors,’ Guardian Metal says. UCAM’s interest will increase to just under 29%. ‘Securing approximately $27.2 million in total funding - through a combination of a US government award and new equity subscriptions - represents a major milestone for Guardian Metal Resources. This financing positions us to rapidly advance our co-flagship tungsten projects in Nevada, Pilot Mountain and Tempiute, and is a strong endorsement of our mission to establish a secure, mined-in-America supply of Tungsten - a critically important defence metal,’ CEO Oliver Friesen says. ---------- Sunrise Resources PLC - focused on industrial minerals in Nevada - Has taken delivery of all remaining surface and drill samples from its Pioche sepiolite project in Nevada. ‘The sepiolite samples will now be used for additional in-house testing by the company’s partner in the project, Tom Powell, an expert in sepiolite, and to provide material to various parties who have expressed interest in the Pioche project since Tolsa’s withdrawal from the project at the end of 2024,’ Sunrise Resources says. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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