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TRADING UPDATES: Journeo wins orders; MicroSalt sales beat forecast

ALN

The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Journeo PLC - Ashby-de-la-Zouch, Leicestershire-based firm provides information systems and services for transport operators and local authorities - Wins £1.6 million worth of purchase orders to provide real time information systems throughout Cornwall in England. ‘In total, five purchase orders have been received from Cornwall’s highway subcontractor,’ it adds. ‘Journeo will remove 267 proprietary legacy displays and replace them with their latest high-performance open standard-compliant solutions and provide a further 177 new displays, all of which will be connected to Journeo’s powerful transport platform, the Journeo Portal.’ Work has already begun and Journeo expects £1 million will be delivered this financial year.

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MicroSalt PLC - London-based provider of low-sodium salt products - Expects 2025 dales of $2.1 million, more than double the $745,000 in 2024 and exceeding original expectations of $2.0 million. ‘The company continues to project 2026 sales to total $7.0 million based on in-hand volume estimations and its current customer base, rising to more than $15.0 million in 2027,’ MicroSalt adds.

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Bow Street Group PLC - London-based casual dining restaurant operator - During the financial year ended December 28, it sees ‘relative calm after several years of post-Covid disruption and turmoil’. Trading in final quarter ‘stabilised’ amid a ‘successful’ four weeks in the run-up to Christmas. Some restaurants saw record trade, Bow Street adds. Revenue in final four weeks of the period rise 1.3% on-year like-for-like. It expects annual results in line with current market expectations. It adds: ‘Looking forward to 2026, refurbishments of an initial six restaurants are underway; a new menu design will be trialled in February 2026; and new dishes are being launched across the estate. The investments and new menus will help the group adapt to the increases in national minimum wage and business rates from April 2026. The early trading performance of, and customer growth at, the refurbished restaurants such as York, Ely and Billericay has been encouraging. The group is in positive discussions with several potential acquisition targets and will update on the progress of these negotiations in due course.’

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Earnz PLC - Cheltenham, England-based energy services company - Says results for 2025 are ‘in line with expectations’. The period represented its first full year of trading. It notes Cosgrove & Drew Ltd and South West Heating Services Ltd, acquired in August 2024, outperformed the consolidated forecast for them in 2025. ‘We are further delighted with recent awards in the public sector in Dorset and Leeds, which will also offer significant opportunities for long term profitable growth,’ Earnz adds.

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Great Southern Copper PLC - Focused on copper-gold-silver exploration in Chile - Great Southern Copper hails the ‘successful completion’ of a phase three diamond and reverse circulation drilling programme at the Cerro Negro prospect at the Especularita project. The asset is located in Santiago. It achieves ‘exactly what we hoped for: continued high-grade copper-silver hits’. ‘Our aim is that 2026 will be another significant year of growth for GSC as we advance follow-up drilling at Cerro Negro and Viuda, test new high-priority targets at Colorada, and continue to define the expanding mineral system at Mostaza. We look forward to updating the market as results are received,’ Chief Executive Officer Sam Garrett says.

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Quadrise PLC - London-based provider of alternatives to fuel oil and biofuels - Extends exclusive collaboration and sales pact with specialty chemicals firm Nouryon. The agreement has been renewed to October 31. The deal is for the exclusive supply of goods, services and IP for future MSAR and bioMSAR projects.

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Ajax Resources PLC - London-based natural resources investment company focused on South America - Drilling activity begins at Eureka gold and copper project in Argentina. The programme will consist of 10 diamond drill holes for 1,500 metres in total. ‘Drilling is being conducted in close proximity to Mina Eureka, the historic copper and gold mine within the Eureka project area. Mina Eureka has a documented production history spanning approximately 400 years, yet has never been drill tested, presenting a compelling and largely untested exploration opportunity,’ Ajax says. The commencement of drilling is a ‘highly significant milestone’ for the project.

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