LONDON: United Oil & Gas Plc (AIM: UOG) on Monday reported unaudited results for the six months ending June 30, 2025, highlighting significant progress on its high-impact Walton Morant exploration licence offshore Jamaica. CEO Brian Larkin said the company had “strengthened the foundations for value creation” at Walton Morant, citing a two-year licence extension to…
Category: London Stock Exchange
News and updates from London Stock Exchange
Devolver Digital reports H1 2025 results, confident in full-year outlook
Revenue for the period was $38.8 million, a 24.8% decrease from the $51.6 million reported in the same period last year LONDON: Video game publisher Devolver Digital Inc. announced Tuesday its unaudited financial results for the six months ended June 30, 2025, reporting a decline in revenue but affirming it is on track to meet its…
Huddled Group reports 81% revenue surge, eyes first operating profit
LONDON: Huddled Group plc (AIM:HUD), a circular economy e-commerce company, reported an 81% year-over-year revenue increase to £9.48 million for the six months ending June 30, 2025, driven by strong performance across its brands Discount Dragon, Nutricircle, and Boop Beauty. The company also announced that Discount Dragon and Nutricircle achieved divisional operating profit in August,…
EQTEC losses narrow as strategic pivot to licencing boosts margins
The net loss narrowed to €2.07 million from €3.2 million, while its EBITDA loss improved to €1.1 million from €1.6 million LONDON: EQTEC plc, a syngas technology company, reported a sharp drop in first-half revenue but highlighted a significant improvement in gross margins as it pivots away from high-risk project development towards a leaner, intellectual…
CMC Markets wins Westpac online trading platform mandate
LONDON: CMC Markets Stockbroking has been selected as the preferred vendor to extend its long-term technology and platform partnership with Westpac Banking Corporation (WBC.ASX), one of Australia’s largest financial institutions. The agreement covers Westpac’s online share trading services, Westpac Share Trading (WST) and St.George Directshares (DS), and will see CMC provide white-label web and mobile…
Avingtrans Plc announces appointment of Divisional CEO – Medical Imaging
LONDON: Avingtrans Plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced the appointment of Stuart Gall as Divisional Chief Executive Officer of its medical imaging businesses division, including Adaptix Ltd and Magnetica Ltd, with effect from on or before 10 March…
Gulf Keystone begins crude exports from Shaikan Field via Iraq-Türkiye pipeline
ERBIL: Gulf Keystone Petroleum Ltd. has begun exporting crude oil from the Shaikan Field through the Iraq-Türkiye Pipeline, marking a key milestone in the company’s 2025 production strategy. Exports commenced on Sept. 27 and are expected to reach full capacity in the coming days as pipeline availability continues to ramp up, the company said in…
Genuit Group has acquired Davidson Holdings Limited for £49 million
LONDON: Genuit Group plc, the UK’s largest provider of sustainable water, climate and ventilation solutions for the built environment, today announces that it has acquired Davidson Holdings Limited for a total consideration of £49.0 million on a debt-free and cash-free basis. The Business comprises leading brands in the plumbing and heating sectors including Salamander Pumps,…
Hilton Food sells Fairfax Meadow Europe to Sysco for £54 million
LONDON: Hilton Food Group plc, the leading international multi-protein food business, has sold the entire issued share capital of Fairfax Meadow Europe Limited (“Fairfax”) to Sysco GB Ltd, (part of the Sysco Group). The disposal will result in Hilton Foods receiving gross cash proceeds of £54 million and is expected to be earnings dilutive. The…
Luke Miels appointed CEO designate for GSK
LONDON: GSK plc (LSE/NYSE: GSK) today announced that Luke Miels is appointed CEO Designate, GSK. He will assume full responsibilities as CEO and join the Board on 1st January 2026. Luke joined GSK in 2017 and is currently Chief Commercial Officer, with world-wide responsibility for medicines and vaccines1. He has been instrumental in building GSK’s…
Ceres Power sees revenue dip but touts AI power demand and manufacturing milestones
Revenue for the six months to June 30 fell to £21.1 million ($27.3 million) from £28.5 million a year earlier LONDON: British clean energy technology firm Ceres Power Holdings plc (CWR.L) reported a 26% drop in first-half revenue on Friday, in line with expectations, but highlighted an “unprecedented” market opportunity driven by power-hungry AI data…
Tandem Group H1 revenue rises 14.3%, net debt down 17.9%
LONDON: Tandem Group plc (AIM: TND), a UK-based designer and distributor of sports, leisure and mobility equipment, reported a 14.3% rise in revenue to £11.2 million for the six months ended June 30, 2025, driven by improved inventory management, cost controls and favourable foreign exchange movements. Tandem Group plc is a designer, developer, distributor and…