LONDON: Victoria PLC (AIM: VCP), the international flooring group, today announced audited results for the year ended 29 March 2025, with revenue and earnings broadly in line with market expectations. The company also confirmed the refinancing of its Super Senior Revolving Credit Facility (SSRCF) and 2026 Senior Secured Notes, extending maturities to 2029. FY2025 Financial…
Category: London Stock Exchange
News and updates from London Stock Exchange
Severfield reports FY25 loss but confirms stable outlook amid market pressures
LONDON: Severfield Plc, the UK’s leading structural steel group, posted a pretax loss of £17.5 million for the year ended 29 March 2025, reversing a profit of £23 million a year earlier, as subdued market conditions and bridge remediation costs weighed on performance. Full-year revenue dipped 3% to £450.9 million, while underlying operating profit plunged…
Airtel Africa posts robust Q1 growth on soaring data, mobile money demand
LONDON: Airtel Africa plc reported a 9% jump in its customer base to 169.4 million for the quarter ended 30 June 2025, driven by double-digit gains in data and mobile money services across its markets. Data customers grew 17.4% to 75.6 million, with 45.9% smartphone penetration fueling a 47.4% surge in data usage. Data ARPU…
Quartix H1 revenue climbs 10%; Profit surges on subscription growth
LONDON: Quartix Technologies plc (AIM:QTX), a leading provider of subscription-based vehicle tracking systems, reported a 31% increase in first-half operating profit, driven by accelerated growth in recurring revenue and strong customer acquisition. Revenue for the six months ended June 30 rose 10% year-on-year to £17.6 million. EBITDA jumped 30% to £3.7 million, while operating profit…
Reckitt posts strong core growth, divests essential home in strategic overhaul
LONDON: Reckitt Benckiser Group reported a resilient first-half performance as it continued to reshape itself into a leaner, health- and hygiene-focused company, posting 4.2% like-for-like revenue growth in its Core business and announcing the divestment of its Essential Home division. Group net revenue fell 2.6% to £6.98 billion due to foreign exchange headwinds, but Core…
Lloyds Banking Group reports higher profits, boosts dividend on strong first half
LONDON: Lloyds Banking Group plc announced increased profits and a higher dividend for the first half of 2025 on Thursday, citing income growth, cost discipline, and robust asset quality. The UK-focused bank reported a statutory profit after tax of £2.5 billion for the six months ending June 30, 2025, up 4% from £2.4 billion in…
iomart revenue rises 13% in FY2025 amid Atech boost; Profitability hit by goodwill impairment
LONDON: iomart Group plc (AIM: IOM) on Wednesday posted a 13% rise in annual revenue to £143.5 million, driven by contributions from acquisitions and six months of trading from Atech, which saw unaudited annual revenue growth of 27%. Despite topline growth, the secure cloud services provider swung to a statutory loss before tax of £53.2…
BATM divests three non-core units to sharpen focus on core technologies
LONDON: BATM Advanced Communications Ltd. (LSE: BVC; TASE: BVC) said Wednesday it has sold three of its non-core businesses, part of an ongoing strategy to streamline operations and concentrate on its core segments of network infrastructure, cybersecurity and diagnostics. The divestments include Celitron, the company’s eco-medical unit in Hungary, and Zer Laboratories, which manages third-party…
Halyk Bank to acquire minority stake in Uzbekistan’s Click; Sells shares in Tenge Bank
ALMATY: JSC Halyk Bank, Kazakhstan’s largest financial group, said Wednesday it will acquire a 49% stake in Uzbekistan-based payment services provider Click JSC for $176.4 million, while selling an identical stake in its wholly owned Tenge Bank JSCB to Click’s shareholders for $60.76 million. The dual transaction, subject to regulatory approval in both countries, paves…
Corpay to acquire Alpha Group International in £1.8 billion cash deal
Deal offers 55% premium to Alpha’s pre-announcement share price LONDON: U.S.-based Corpay, Inc. (NYSE: CPAY) will acquire British financial services firm Alpha Group International (LSE: ALPH) in a recommended cash deal valued at approximately £1.8 billion ($2.3 billion), the companies announced Thursday. Under the terms, Alpha shareholders will receive 4,250 pence per share—a 55% premium…
CPP Group sells India arm to focus on insurtech platform Blink
LONDON: CPP Group (AIM: CPP) has agreed to sell its India-based subsidiary, CPP Assistance Services Private Ltd, for US$21 million (approx. £15.7 million), marking a key milestone in the Group’s transformation into a pure-play InsurTech business. The buyers, OneAssist Consumer Solutions and Bolttech Device Protection India, will acquire 100% of the company in a transaction…
Software Circle reports solid FY25 growth amid AI expansion
LONDON: Software Circle plc (AIM: SFT) on Wednesday reported preliminary results for the year ended March 31, 2025, with strong revenue growth and improved adjusted EBITDA, bolstered by acquisitions and expanding use of artificial intelligence across its operations. The Group posted full-year revenue of £18.3 million, up from £16.2 million in FY24, while adjusted EBITDA…