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EARNINGS AND TRADING: Cooks Coffe profit declines but sales increase

ALN

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

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Ukrproduct Group Ltd - dairy and food manufacturer in Ukraine - Provides update further to the large-scale Russian missile and drone attacks on Ukraine over the past week. Confirms that two of its office locations sustained physical damage as a result of the attacks. The company is currently assessing the full extent of repairs required and implementing temporary measures where appropriate. The firm does not expect any material impact on manufacturing operations, customer deliveries, contractual obligations or overall business continuity. It continues to evaluate the financial implications of the damage sustained but does not currently anticipate a material impact on its financial position or outlook.

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ALT Resources PLC - mining royalty and streaming company formerly known as ACP Energy PLC - Announces an update in relation to its proposed transaction with Tartana Minerals Ltd. Says it is in the process of finalising the proposed deal and is working with its advisers to complete documentation relating to the equity fundraise being undertaken alongside it. In conjunction, ALT announces its intention to cancel the listing of its shares on the Equity Shares (Shell) category of the Official List of the Financial Conduct Authority and to cancel the trading of its ordinary shares on the Main Market of the London Stock Exchange.

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Cadence Minerals PLC - London-based mining services company - Announces an update on the restart of the Azteca Plant at the Amapa iron ore project in Brazil following receipt of the first construction funding tranche on May 25 under the Azteca funding structure and progression toward contractor mobilisation and execution activities. Commissioning activities are currently expected around 60 days from receipt of the initial funding tranche under an accelerated execution schedule, or 90 days where standard operational contingency is incorporated. Accordingly, the stated commissioning target for end June has now moved to end of July under an accelerated development timeline and end of August, if including normal contingencies.

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Cooks Coffee Co Ltd - New Zealand-based coffee chain - Revenue increases 84% to NZ$12.4 million, around £5.4 million in the year to March from NZ$6.7 million the year prior, although pretax profit falls 61% to NZ$315,000 from NZ$813,000 on-year. Full year group store sales in the UK & Ireland grow 23% to NZ$95.8 million from NZ$78.0 million with Ebitda of NZ$1.3 million, rising from NZ$1.2 million. Trading in financial 2027 has started ‘positively’, with two new stores opened in the UK and two in Ireland since the financial year-end, alongside additional committed openings in new international markets. Cooks Coffee remains encouraged by its trading momentum, the resilience of the Esquires Coffee brand and the continued demand from franchise partners across both the UK and Ireland. ‘The group continues to focus on disciplined network expansion, supporting franchisee profitability and performance and maintaining strong brand standards through differentiated food and beverages offerings delivered in welcoming store environments by committed local franchisees and their teams,’ it says. Continues to target more than 300 stores across the UK and Ireland by financial 2034.

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Prospex Energy PLC - London-based oil and gas investment company - Pretax loss widens to £2.8 million in 2025 from £31,824 the year prior. The loss includes an unrealised loss on revaluation of investments of £2.5 million versus an unrealised gain of £713,583 a year ago, primarily related to depletion of reserves through production from the Selva Field in 2025 and lower gas prices used for valuation at the end of December 2025. Total assets decreased to £24.5 million from £25.8 million primarily attributable to a decline in the valuation of the company’s investment in PXOG Marshall Ltd, the investment vehicle that directly and indirectly holds 37% of the Selva Malvezzi production concession in Italy, primarily related to depletion of reserves through production from the field and lower gas prices at year-end. At year-end, Prospex held cash and cash equivalents of £38,935, down from £1.2 million a year prior.

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Alkemy Capital Investments PLC - critical minerals-focused investor - Says its pretax loss widens to £2.5 million in the 12 months to the end of January from £1.4 million a year earlier. The basic and diluted loss per share widens to 25.27p from 16.18p. It notes ‘significant progress’ at its principal asset, Tees Valley Lithium Ltd. ‘Looking ahead, the board’s focus remains on advancing TVL through construction and into commercial production. Key priorities over the coming year include financing workstreams, continued development of strategic supply and customer partnerships, finalisation of major project contracts and conclusion of planning activities,’ says Chair Paul Atherley.

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Cambridge Cognition Holdings PLC - brain health software provider based in Cambridge, England - Announces a collaboration with smart ring maker Oura, on a new institutional review board-approved brain health study. Conducted through Oura Labs, an experimental innovation platform within the Oura App, the study pairs Cambridge Cognition’s scientifically validated digital cognitive assessments with Oura’s continuous physiological data. The work explores how everyday patterns in rest, stress, and behaviour may relate to cognitive function and performance over time.

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Asos PLC - London-based online fashion retailer - Completes disposal of Lichfield Fulfilment Centre to Marks & Spencer Group PLC for £67.5 million with net sales proceeds of at least £66 million and is expected to result in a one-off profit before tax of £85 million after adjustments to associated property liabilities.

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