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The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Genedrive PLC - Manchester-based point-of-care pharmacogenetic testing company - Plans to raise at least £3 million via a placing at 0.20 pence per share, with corresponding warrants to the placing shares on a 1 for 1 basis. In addition, proposes to raise £300,000 via retail offer on the ‘BookBuild’ platform. Proceeds will be used to support the group’s near-term commercialisation and market expansion activities throughout the UK, Europe and the Middle East. ---------- Guaranty Trust Holding Company PLC - Lagos, Nigeria-based banking franchise - Pretax profit drops 40% to NGN600.9 billion, around £298.5 million, in the half year to June 30 from NGN1.004 trillion a year prior. This reflects the non-recurrence of NGN493.01billion fair value gains booked in last year’s first half, which offset growth posted on funded income line. ‘Beyond the extraordinary one-off gains of last year, we are now driving sustainable growth with recurring earnings that highlight the resilience and scalability of our model,’ says Chief Executive Segun Agbaje. Operating income declines 32% to NGN821.3 million from NGN1.206 trillion a year ago, while operating expenses climb 28% to NGN258.5 million from NGN201.8 million. ---------- Wildcat Petroleum PLC - investor in the petroleum industry’s upstream sector - Decides to terminate all discussions with regard to the possible acquisition of Wildcat Gold & Mining Trading & Multi Activities Co Ltd with immediate effect. Since signing a Memorandum of Understanding with WGMT on September 1, Wildcat Petroleum says rebels in Sudan have started to use long-range drones which have the capability to be programmed to hit specific targets. As a result, says advisors in Sudan have strongly recommended to suspend all operations until either the drone threat is eliminated, or efficient counter measures can be deployed. As it is not known how long the situation will last and as Wildcat is UK company, the board feels that it could be a prime target. As a consequence, the directors have taken the decision to terminate all discussions with immediate effect. As a result, Wildcat Petroleum applies to have the suspension on the company’s listing lifted. ---------- Vanquis Banking Group PLC - Bradford, England-based lender - Launches an invitation to holders of its outstanding £200 million fixed rate reset subordinated tier 2 notes due 2032 to tender such notes for purchase for cash. ---------- Primorus Investments PLC - London-based investor in small and mid-cap companies - Swings to pretax loss of £606,000 in the six months to June 30 from a £2.8 million profit a year ago. Bottom line is hurt by £332,000 loss on financial investments compared to £3.2 million gain last year. ‘With a solid cash position and a healthy pipeline of opportunities, we remain confident in our ability to generate attractive returns for shareholders,’ company says. ---------- Oriole Resources PLC - West and Central Africa-focused gold exploration company - Swings to pretax loss of £567,000 in the six months to June 30 from a £1.1 million profit a year ago. Bottom line is hit by drop in ’other gains’ to £147,000 from £1.0 million a year prior. Revenue is zero, unchanged. ‘With the impressive success at Mbe and the magnitude of the discovery still unfolding, we are now even more optimistic that the Eastern CLP licences have excellent potential to become a lucrative new gold district,’ company says. ---------- FIH Group PLC - operates businesses such as construction, ferries and art storage in the Falkland Islands and UK - Says trading in Falkland Islands Co continues to be challenging, with the biggest impact arising in the construction division as a result of a lack of tender opportunities and ongoing delays related to the contract to build 70 Houses for the Falkland Islands Government and the Ministry of Defence. Explains that the main issue has been the lack of power to the Mount Pleasant Complex site, which is the responsibility of the client. At Momart, ongoing issues in the art market due to global economic uncertainty have resulted in significantly lower trading activity than in the prior year, for both Museum Exhibitions and Gallery Services. However, Storage income has remained consistent. Whilst passenger numbers are marginally below prior year at Portsmouth Harbour Ferry Co, this is being offset by the April 2025 fare rises and additional secondary revenue, as well by maintaining a tight control on costs. ---------- Real Estate Investors PLC - Birmingham, England-based real estate investment trust - Swings to pretax profit of £300,000 in the half year to June 30 from a £3.2 million loss the year prior. Revenue drops to £4.8 million from £5.6 million while contracted rental income falls to £8.9 million from £10.3 million. The interim dividend is lowered to 0.80 pence from 1.00p. ‘Recent UK government borrowing cost increases and the uncertainty around the forthcoming budget in November are dampening sentiment and we expect some paralysis in the property market until the year end. However, the interest rate reductions year to date and the relaxation in bank lending criteria provides a more favourable environment for small, private investor demand. We will look to initiate capital returns, the timing and method of which will be announced once our debt has been fully repaid,’ company says. ---------- Artisanal Spirits Co PLC - Edinburgh, Scotland-based distiller of single-cask and limited-edition whiskies - Signs new financing agreement with Santander PLC to replace its current revolving credit facility which was due to expire on June 19 2026. The improved terms of the new asset based lending facility are: £35 million facility availability; 2.05% headline margin rate; and a 4-year term to September 2029. The new financing agreement represents an increased facility by £13.5 million at a 20 basis points lower headline margin rate and no financial covenants, covering a 4-year term. On completion, the Royal Bank of Scotland RCF of £21.5 million has been completely repaid, alongside the remaining term loan and Lombard cask wood funding, totalling £500,000. ‘This refinancing supports our broader strategic initiatives and delivery of results in line with expectations. We continue to diversify our revenue streams, supported by a rigorous focus on cost discipline and operational efficiency, where we are actively streamlining our cost base, and this reduction in interest rate further supports this drive,’ says Chief Executive Andrew Dane. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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