LONDON: Argo Blockchain plc reported a net loss of $8.1 million for the first half of 2025, down from $38 million in the same period last year, as the cryptocurrency miner grappled with machine refurbishment and relocation efforts. Revenue fell sharply to $6.3 million from $29.3 million in H1 2024, with Bitcoin production dropping to…
Category: London Stock Exchange
News and updates from London Stock Exchange
SEEEN plc reports 87% revenue growth, positive EBITDA in first half of 2025
LONDON: SEEEN plc (AIM: SEEN), a global media and technology platform specializing in AI-powered video monetization, reported an 87% increase in revenue for the six months ended June 30, 2025, marking its first full half-year of positive EBITDA. The company posted unaudited interim results Tuesday, highlighting total revenues of $2.1 million, up from $1.1 million…
Close Brothers swings to loss on motor finance provision, cuts dividend
Group reported a statutory operating loss before tax of £122.4 million compared with £132.7 million profit the previous year LONDON: British lender Close Brothers Group reported a full-year statutory loss on Tuesday, driven by a major provision for a regulatory review into motor finance commissions, prompting the company to scrap its final dividend. For the…
Watkin Jones sells major Glasgow student housing project in £182 million joint venture
LONDON: British residential developer Watkin Jones Group has agreed to sell a newly developed, 784-bed student accommodation scheme in Glasgow to a joint venture predominantly owned by Maslow Capital, the company announced on Tuesday. The transaction, which values the project known as “The Ard” at a projected £182 million upon completion, underscores a strategic move…
PayPoint and Royal Mail deepen partnership with £43.9 million Investment in Collect+
LONDON: PayPoint Plc and International Distribution Services (IDS), owner of Royal Mail, announced the next stage in their partnership through a strategic investment in Collect+ to take a 49% ownership, with an investment of £43.9 million, valuing the Collect+ business at £90 million. Currently, Collect+ has a network of over 14,000 Out of Home locations…
Serica Energy acquires portfolio of assets in the UK North Sea for $18.9 million
LONDON: Serica Energy plc (AIM: SQZ) is pleased to announce it has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. The acquisition is a corporate acquisition of Prax Upstream for a consideration of £14.5 million ($18.9 million). Completion is…
Genmab A/S to acquire Merus N.V.
LONDON: RTW Biotech Opportunities Ltd, the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announced that the portfolio company Merus N.V. has entered into a definitive agreement to be acquired by Genmab A/S (“Genmab” Nasdaq: GMAB). Genmab will acquire Merus in an all-cash transaction…
United Oil & Gas reports progress on Jamaican exploration, eyes farm-out partner
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…
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…