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Volvere PLC on Friday said it is continuing to review acquisition and investment opportunities, as it noted that the market for raw materials is ‘showing some signs of stabilising’. Volvere is based in Leamington Spa, England, and invests in undervalued or distressed businesses. Shire Foods, which is a frozen pastry products manufacturer, is the firm’s only current trading subsidiary. Volvere reported a 32% increase in pretax profit to £2.9 million for the six months that ended June 30, from £2.2 million a year earlier. Driving the improved earnings was a 7.1% expansion in the top line to £23.8 million from £22.2 million. The company attributed the ‘strong’ first half trading to good results from Shire Foods, and noted that the market conditions for raw materials are ‘showing some signs of stabilising’. Shares in the company were up 2.4% at 2,130.00 pence on Friday morning in London. They are up 42% over the last 12 months. Chair David Buchler said he was ‘pleased’ that the company’s underlying value ‘is becoming better reflected’ in the share price, adding that Volvere will continue to buy back shares ‘where appropriate’. ‘The focus of the board is on the long-term value growth of the group. To that end, we continue to review acquisitions that we think would be strategically complementary to Shire Foods as well as looking at step-change investments in Shire itself over the next two years. In parallel with this, we continue to review potential investments in other sectors, in line with our investing strategy,’ continued Buchler. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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