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The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- NWF Group PLC - Cheshire, England-based fuel, food and feed distributor - Warns of a full year performance significantly below current market expectations. For the year ending May 31, it puts company-compiled consensus for headline pretax profit at £13.2 million. ‘The group expects the performance of Fuels to improve in the second half as demand for domestic heating oil increases through the colder months. Despite the anticipated recovery, the board does not believe this will offset the shortfall experienced in the first half,’ NWF says. ‘Whilst this short-term trading performance is disappointing, the group’s financial position is strong and the board remains confident in its medium-term prospects, and continues to focus on its sustainable growth strategy of development through targeted acquisitions, growth investment, and business improvement initiatives, supported by a strong balance sheet,’ NWF adds. ---------- Petards Group PLC - Guildford, England-based security, communication and surveillance systems developer - Wins a £650,000 contract extension from the UK Ministry of Defence, related to Royal Air Force communication infrastructure. ‘The contract is a three-year extension to an existing support contract to supply core maintenance support, with the potential for additional tasking and repair services, on various Royal Air Force stations in the UK and overseas,’ Petards says. While there is no contractually committed value for the additional tasking and repair activities, Petards anticipates that the related future revenues arising over the three-year contract term potentially increasing the total contract value to in excess of £1 million. Support under this contract commences this month and will run until November 2028. ---------- Panthera Resources PLC - London-based gold explorer and mine developer in West Africa and India - Advises that positive results have been returned for CIL bottle roll tests and Column leach tests that have been carried out on bulk composite samples from the Kalaka deposit in Mali. Results achieved indicate that the ores are amenable to cyanide leaching; CIL extractions can achieve excellent results - recovery average of 93.4%; and column leach tests confirm the ore is amenable to heap leaching - recovery average of 76.3%. ‘The positive results from this metallurgical testing together with the previously reported favourable Bottle Roll and Leachwell test results further underpin our growing confidence in the potential at Kalaka, which is a significant mineralised gold system,’ company says. ---------- Montanaro European Smaller Companies Trust PLC - Edinburgh-headquartered investment trust - Announces that applications for a total of 29.8 million shares were validly tendered for the tender offer, just over 20% of the issued share capital of the company. Shareholders who tendered shares equal to or less than their basic entitlement shall have all shares purchased in full. The tender price will be set at a 5% discount to the prevailing net asset value per share as at the calculation date of November 28. ---------- Agronomics Ltd - Isle of Man-based investor in cellular agriculture - Portfolio company SuperMeat raises $3.5 million in funding through the issue of a simple agreement for future equity, of which Agronomics will invest $2 million in the form of $750,000 in cash and $1.25 million in new Agronomics shares. The new funding will help support SuperMeat as it commercialises the production of its cultivated chicken in Europe. ‘Its progress toward industrial-scale cultivated meat represents not only a compelling financial opportunity but also a strategic shift toward a cleaner, more resilient, and technologically advanced future for food,’ Agronomics says. ---------- Capital Ltd - mining services company - Raises £31 million via the issue of 28.6 million shares at 107 pence per share. The company consulted with and received strong support from many of its largest shareholders prior to the placing. Proceeds will provide additional balance sheet capacity to support the group’s growth strategy as it seeks to capitalise on a highly favourable demand environment and a tightening equipment market. The group anticipates increased demand for its services across its operating divisions into 2026 and beyond and an enhanced liquidity position will enable it to ‘rapidly pursue and capitalise on growth opportunities as they arise.’ ---------- Montanaro UK Smaller Companies Investment Trust PLC - Investment trust focused on investing in small quoted companies listed on the London Stock Exchange or traded on AIM - Net asset value per share rises 5.1% to 111.3 pence at September 30 from 105.9p the year prior. Trust manager says: ‘The past six months have been another reminder that investing in smaller companies requires patience. Markets rose over the period, but the leadership was narrow and often speculative in nature. A handful of highly valued technology names and more cyclical, lower-quality businesses led the way, while the type of resilient, cash-generative companies in which we invest were left out of favour.’ Against this backdrop, the Trust delivered a total NAV return of 8.4%, compared with 17.7% for the benchmark, the NSCI. ---------- UK Oil & Gas PLC - has hydrogen storage projects in Dorset and East Yorkshire and interests in four petroleum assets in southern England - Accepts a further investment of £520,000 million by means of a placing at 0.016 pence per share. The additional funds now bring the total new investment into the company since October 2 to over £5 million which will be used to fund the company’s currently planned and budgeted hydrogen storage, hydrogen production and energy transition activities to end 2026. ‘The new funding will also help us to deliver a second collaboration with a substantive regional hydrogen pipeline provider, in addition to collaboration with National Gas. These collaborations are both essential steps that will strengthen our intended application for government hydrogen storage revenue support in the coming year,’ company says. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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