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The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Cavendish PLC - London-based investment bank - Expects to report that revenue for the financial year ended Tuesday edged up to £56 million from £55.6 million in financial 2025. The firm says that the financial year just gone ‘delivered a robust performance against a challenging equity issuance backdrop,’ as revenue was helped by the initial public offering of MHA PLC, an audit, tax, accountancy and advisory services provider. Cavendish says it started the new financial year ‘with a strengthening pipeline and an improving operational platform.’ It adds that some macroeconomic conditions had been trending more positively such as gradually declining interest rates. However, Cavendish says sentiment remains heavily influenced by the current conflict in the Middle East, and dragged down by Russia’s war in Ukraine, as well as ‘political uncertainty in the UK’ and heightened geopolitical risk. The firm says: ‘The longer these issues and in particular the Middle East conflict persist, the more likely they are to impact negatively on outlook. Against this backdrop, the group remains focused on disciplined execution and tight cost control, maintaining flexibility and resilience in its operating model.’ ---------- Fragrant Prosperity Holdings Ltd - British Virgin Islands-based special purpose acquisition company - Says it remains ‘in a strong financial position’ after balance sheet recapitalisation and refinancing undertaken earlier in the year. Chair Simon Retter says: ‘With the public markets in a seemingly never ending cycle of volatility, timing a reverse takeover to align with a period of calm for a significant capital raise 3-4 months out poses an obvious challenge, with current events clearly vindicating our strategy. We are therefore being strict in our approach to reviewing potential targets to ensure that any deal is achievable in the current environment. I am pleased with the opportunities we are seeing and are optimistic that we can navigate our way through the macro challenges that are affecting virtually every sector in some shape or form’. ---------- OptiBiotix Health PLC - York, England-based life sciences firm - Announces sales orders jump 33% to £1.3 million in 2025, while revenue surges 30% to £1.1 million from £870,000 in 2024. Gross profit grows 82% to £603,000 from £331,000. Chief Executive Officer Stephen O’Hara says: ‘Having invested in an extensive IP portfolio, health claims for products in all major markets, an international manufacturing and distribution base, and a large ecommerce customer base, the Company is now focused on achieving commercial sustainability by accelerating its activities to reduce costs and improve margins whilst continuing to grow its top line and commercialise its second generation products’. ---------- Tirupati Graphite PLC - London-based flake graphite producer, with projects in Madagascar and Mozambique - Mark Rollins transitions from executive chair to non-executive chair. The company says: ‘His move to non-executive chair reflects the advanced stage of progress to date, and aligns with the company’s commitment to maintaining high standards of corporate governance.’ Meanwhile, Tirupati appoints Thomas Hill as chief financial officer effective immediately. Hill has over 25 years of experience in working in the natural resource sector, most recently as finance director of Hummingbird Resources PLC for 15 years. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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