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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Public Policy Holding Company Inc - Washington, DC-based group of advisory firms, specialising in government affairs and public relations - Acquires Tancredi Intelligent Communication Ltd, a strategic communications and advisory firm headquartered in London, for an initial £8.0 million, and up to £25.0 million. Tancredi will operate going forward as a part of PPHC’s TrailRunner International group. Public Policy says the earnings-accretive acquisition deepens critical expertise in high-growth crisis and litigation communications services, corporate communications and M&A. In 2025, Tancredi recorded net revenue of £4.3 million and pretax profit of £1.3 million. The initial consideration is satisfied by the issue of new shares at $9.42 each and $7.2 million in cash. ‘This marks PPHC’s second acquisition since our Nasdaq IPO and progresses our strategy of accelerating growth through the earnings-accretive acquisitions of complementary businesses operating in high-growth markets,’ says Chief Executive Stewart Hall. ---------- Quantum Helium Ltd - Sydney-based miner targeting helium, hydrogen and hydrocarbons in the US and Australia - Announces that, at the extraordinary general meeting on Wednesday, the resolution to approve the proposed share consolidation was passed. ---------- Mindflair PLC - investor in artificial intelligence technology - Announces that Xylo, a portfolio company in Sure Valley Ventures’ second fund, in which Mindflair holds an interest, has raised £2.8 million in pre-seed funding. The funding round was led by CapitalT and joined by Common Magic, SVV, Tiny VC and Endurance Ventures, together with angel investors from DeepMind, Gensyn and Dawn Capital, Mark Ransford and exited govtech founders. Xylo is a UK govtech company helping local authorities process planning applications more efficiently and with greater accuracy. ---------- 80 Mile PLC - portfolio of energy, critical minerals and industrial gas projects with assets in Greenland, Finland and Italy - Announces that drilling has commenced at the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland, marking the start of the 2026 exploration campaign. Two drill rigs are now operating on site and 80 Mile is initially targeting high-priority zones at Qullissat, on Disko Island. Up to 9,000 metres of drilling is planned during 2026 field season following recent expansion of the programme and the programme will take place across multiple targets on both Disko Island and the Nuussuaq Peninsula. ---------- Rainbow Rare Earths Ltd - developer of the Phalaborwa rare earths project in South Africa and the Uberaba project in Brazil - Announces an update on the definitive feasibility study currently underway at the Phalaborwa project in South Africa. Test work and pilot plant operations have optimised and simplified the flow sheet at Phalaborwa, Ecora says, with major process decisions and optimisations delivered and implemented. The pilot plant has operated successfully during the first half of 2026 with data recovered feeding into the process design for the DFS. Around 75% of flowsheet now in engineering phase of DFS, with final optimisation of the solvent extraction circuit underway. ---------- Ecora Royalties PLC - London-based critical minerals-focused royalty company with interests in the Americas, Europe and Africa - Notes Rainbow Rare Earths Ltd’s update on the definitive feasibility study for its Phalaborwa rare earths project. Ecora holds a 0.9% gross revenue royalty on the Phalaborwa project, increasing to 1.1% if commercial production does not occur prior to July 1 2028. ---------- Catenai PLC - London-based technology and digital services company specialising in data management, security, and compliance - Announces that Alludium Ltd, its investee company, has been named the founding technology partner for AgenticInvestor, a new open-source platform and community for private-market investors led by Sure Valley Ventures, the specialist AI venture capital firm. AgenticInvestor is an open-source initiative designed to help venture capital firms move beyond AI experimentation and deploy AI agents across repeatable investment workflows. ---------- Truetide PLC - Glasgow, Scotland-based investor in listed and unlisted companies in technology sector, formerly known as Braveheart Investment Group PLC - Pretax loss narrows to £425,000 in the financial year ended March 31 from £1.1 million the year prior, with loss per share down to 0.56 pence from 1.71p. The group had net assets of £2.2 million as at March 31 compared with £2.3 million the year prior, with cash balance at financial year-end of £151,000 versus £64,000. ---------- Rockfire Resources PLC - London-based mining firm targets metals and critical minerals, with assets in Australia as well as Greece - Provides a drilling update from Rockfire’s 100%-owned Molaoi zinc deposit in Greece. High grade germanium up to 52.3 grammes per tonne continues to be encountered in drill core, Rockfire says. Also says high-grade zinc, silver and lead values continue to be intersected, and the geological model is holding up under the scrutiny of the drilling rig. In addition, diamond drilling to upgrade the inferred resource to indicated resource status continues with hole HMO-020 currently in progress. ---------- River Global PLC - London-based asset and wealth management firm formerly known as AssetCo PLC - Announces the completion of the sale to Liontrust Asset Management PLC of River Global Holdings Ltd, the holding company of River Global’s asset management business. Under the terms of the sale River Global has received initial consideration, satisfied by the issue to River Global of just under 3.0 million shares in Liontrust. Following completion of the sale, the company has become an AIM Rule 15 cash shell and as such will technically be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 on or before the end of December 2026 or be re-admitted to trading on AIM as an investing company under the AIM rules. ‘At this stage the board has not concluded whether it intends to undertake a reverse takeover, be re-admitted to AIM or cancel its admission to trading on AIM in accordance with the AIM rules,’ company says. After the sale, River Global decides to reduce its size to reflect the ‘simplified’ structure and, as such, Gary Marshall and Richard Pavry have agreed to step down as executive directors with from June 30. Liontrust says the acquisition is an ‘important step in the development of Liontrust, strengthening and broadening our investment capabilities across a wider range of styles.’ On Tuesday, River Global reports pretax loss of £16,000 in six months ended March 31 widened from £10,000 the year prior. Referring to the sale to Liontrust, River Global says it intends to distribute up to £8.7 million in value of shares towards the end of July, with receipt in early August. A dividend of £350,000 is expected in August from the initial consideration and further consideration shares are expected to be received, also in August, as a result of the conclusion of the proposed reconstruction currently being undertaken by the board of European Opportunities Trust PLC. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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