LONDON: Ithaca Energy announced Wednesday unaudited financial results for the first quarter of 2025, highlighting record production and adjusted EBITDAX following its transformational business combination with Eni UK and strategic acquisitions in the UK Continental Shelf (UKCS). Key Financial Highlights – Record quarterly production: 127,400 barrels of oil equivalent per day (boe/d), up from 58,699…
Category: London Stock Exchange
News and updates from London Stock Exchange
Great Portland Estates reports strong results, upgrades growth outlook
LONDON: Great Portland Estates plc announced robust financial results for the year ended March 31, 2025, highlighted by strong leasing performance, portfolio growth, and an upgraded rental value forecast. The London-focused property group reported a 3.6% increase in portfolio valuation, reaching £2.9 billion ($3.7 billion), with prime office capital values rising 12.8%. Rental values grew…
HICL Infrastructure expands buyback and boosts dividend guidance
LONDON: HICL Infrastructure PLC announced its annual results for the year ended March 31, 2025, reporting a decline in net asset value (NAV) per share but highlighting solid operational performance and an expanded share buyback program. The company’s NAV per share decreased by 5.1 pence (-3.2%) to 153.1 pence, primarily due to an increase in…
MHP SE reports strong Q1 2025 results despite war-related challenges
LONDON: Agricultural and food processing company MHP SE reported stable operational and financial performance in the first quarter of 2025, driven by steady export and domestic sales, strong poultry demand, and favorable pricing. However, the company warned that ongoing war-related disruptions could impact future results. Operational Performance MHP’s poultry production in Ukraine remained stable year-over-year…
JD Sports reports revenue growth amid strategic acquisitions
LONDON: JD Sports Fashion Plc, a leading global retailer of sports, fashion and outdoor brands, reported increased revenue for its fiscal year ending Feb. 1, 2025, while announcing a sharper focus on profitability and shareholder returns. The company said Thursday that group revenue rose 12% on a constant currency basis, with organic sales growth of…
Sovereign Metals secures power supply deal for Malawi Mining Project
LONDON: Sovereign Metals Limited announced Tuesday it has signed a non-binding agreement with Malawi’s state power utility to secure long-term electricity supply for its Kasiya Rutile Graphite Project. The memorandum of understanding with the Electricity Supply Corporation of Malawi (ESCOM) sets the stage for future negotiations on a power supply deal and infrastructure development, including…
Aurrigo, Swissport to launch autonomous transport trials at Zurich Airport
ZURICH: Aurrigo International plc (AIM: AURR) has entered a three-year strategic partnership with Swissport International AG to deploy autonomous transport technology at Zurich Airport, marking a step toward automation in airport ground services. Under the agreement, Aurrigo and Swissport will conduct a six-month trial that includes an Auto-Sim® contract to model Zurich Airport and a…
Central Asia Metals to acquire New World Resources in $119 million deal
LONDON: Central Asia Metals Plc (AIM: CAML) has agreed to acquire Australia-based New World Resources Ltd. (ASX: NWC) in a transaction valuing the company at A$185 million (US$119 million), the companies announced Wednesday. Under the terms of a definitive Scheme Implementation Deed, CAML will pay A$0.05 per share in cash for all outstanding NWR shares….
Apax Funds to acquire Finastra’s Treasury and Capital Markets Division
LONDON: Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €25m in the Treasury and Capital Markets (“TCM”) division of Finastra on a look-through basis. On 19 May 2025, Apax XI Fund (“Apax XI”), in which AGA is a…
Diploma PLC upgrades FY25 guidance after strong H1 performance
LONDON: Diploma PLC, the FTSE 100-listed value-add distribution group, has reported robust half-year results for the six months ended 31 March 2025, prompting an upgrade to its full-year guidance. The company cited strong organic growth, disciplined cost management, and accretive acquisitions as key drivers behind the positive performance. Financial Highlights – Revenue: £728.5 million, up…
Transense Technologies signs U.S. supply deal with ISI Interconnect Systems
LONDON: Transense Technologies plc, a U.K.-based developer of Surface Acoustic Wave (SAW) sensor systems, has signed a licensing and supply agreement with ISI Interconnect Systems, a Molex company, to package and distribute its proprietary SAW Application Specific Integrated Circuit (ASIC) technology in the United States. The deal, finalized after a year of technical and commercial…
OptiBiotix expands into the U.S. and Asian markets
LONDON: OptiBiotix Health plc (AIM: OPTI) has launched a new product containing SlimBiome® in partnership with Natural Health Trends Corp (NASDAQ: NHTC), marking its latest expansion into the U.S. and Asian markets. Natural Health Trends, a NASDAQ-listed international direct-selling and e-commerce company, has introduced TwinSlim Tomato Soup, a formulation developed by OptiBiotix for the Chinese…