The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Schroder British Opportunities Trust PLC - London-based public and private investment trust focused on small to mid-cap UK companies - Confirms new private equity investment in HeadFirst, an international Human Resources tech service provider operating in fifteen European countries. The capital invested will be used to finance HeadFirst’s acquisition of managed services and specialist staffing provider, Impellam Group. Tim Creed and Pav Sriharan, portfolio managers said: ‘We are pleased to be investing at this important development milestone for HeadFirst as we believe the combined business has the potential for significant growth over the coming years.’
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Hercules Site Services PLC - Cirencester, England-based labour supplier for the UK infrastructure sector - In the six months to March 31, swings to pretax profit of £0.2 million from pretax loss of £200,000 a year prior. Revenue increases by 32% to £48.8 million from £37.0 million. Highlights significant organic growth in all areas of the business, combined with the first contribution from the Future Build Recruitment Ltd. Declares unchanged interim dividend of 0.6 pence per share. ‘We are on track to meet market expectations for the full year, as the strong momentum in the construction and infrastructure sectors continues,’ company says.
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Trafalgar Property Group PLC - south-east England-focused residential property developer - Agrees £250,000 loan from Ecap Esports Ltd. Explains the proceeds will be ringfenced to cover costs associated with the recently announced proposed reverse takeover, should the transaction not occur. In the event the proposed transaction does not complete, any funds remaining following payment of all accrued transaction fees shall be returned to the lender. The loan bears no interest. Talks regarding the proposed acquisition continue and are subject to a significant number of pre-conditions, including diligence.
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Saudi Arabian Oil Co - Saudi national oil company headquartered in Dhahran - Announces a secondary public offering of around 1.55 billion shares, around 0.64% of the company’s issued shares. Offer priced between SAR26.70 and SAR29.00 per share. Intends to conduct a series of meetings with institutional investors up to Thursday.
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Chill Brands Group PLC - Colorado, US-based provider of tobacco alternative products - Further to statement in April, says the company is unable to currently provide the market with an accurate update of its financial and trading position. Explains investigations continue into commercial arrangements connected to its UK vape business and allegations that had been raised around the use of inside information. Shares to remain suspended.
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Earnz PLC - cash shell - In 2023, revenue rises to £606,260 from £417,457 a year prior. But pretax loss widens to £2.1 million from £1.8 million. This comes as other expenses increase to £556,783 compared to income of £91,933 a year prior. Administrative expenses fall to £1.2 million from £1.6 million. Calls 2023 ‘operationally and commercially challenging.’ Further, names Elizabeth Lake as Chief Financial Officer also with immediate effect. In addition, appoints Sandra Skeete as an independent non-executive director.
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Treatt PLC - Suffolk-based extracts and ingredients manufacturer - Confirms that David Shannon joins Monday as chief executive and a member of the Board.
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