The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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abrdn UK Smaller Companies Growth Trust PLC - Aberdeen-Scotland based investment fund - Net asset value per share as at December 31 stands at 513.25 pence, down 3.2% from 530.37p at June 30. In the six months ended December 31, NAV total return is negative 2.2%, compared to Reference Index total return of negative 0.6%. Declares interim dividend of 3.0 pence per share, up 11% from 2.7p a year prior. Looking ahead, says the UK economy remains fragile as fund managers are continuing to ‘determine the shape of the portfolio’.
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Fiske PLC - stockbroker and investor - Records revenue of £2.6 million for the six months ended December 31, down from £2.9 million a year before. Swings to pretax profit of £28,000 from a loss of just £6,000, as operating expenses reduce to £2.8 million from £3.0 million. Looking ahead, says ‘history tells us that markets will eventually be calmer and meanwhile it is our role to focus on delivering the best investment strategies to protect and grow our client’s assets’.
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HSS Hire Group PLC - Manchester-based tool and equipment rental firm - Says like-for-like revenue for 2022 is about 10% ahead of the prior year, driven by ‘good results through our Rental business and the continued excellent performance of our Services business’. In 2021, revenue was £303.3 million. Expects adjusted earnings before interest, tax, depreciation and amortisation to be marginally ahead of market expectations. Adjusted Ebitda was £69.8 million in 2021. ‘While we remain mindful of the macroeconomic environment, HSS is well positioned for the year ahead,’ Chief Executive Steve Ashmore says.
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