The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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James Cropper PLC - Cumbria, England-based paper, packaging and advanced materials manufacturer - Says has made ‘positive start’ to financial year. Trading in 18 weeks to July 27 shows ‘recovery from the challenging market conditions experienced’ in second half of prior financial year. ‘Trading is in line with the board’s expectations, albeit behind the performance seen over the same period last year where Advanced Materials fuel cell revenue was particularly strong,’ James Cropper says. ‘New sales opportunities in the Advanced Materials business remain strong, where investment continues to be made in our hydrogen electrolyser business to build capacity to meet anticipated demand. Whilst the luxury packaging market remains soft, order intake levels in Paper & Packaging point to continuing recovery over the current financial year, where the business has secured some new key contracts.’
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CLS Holdings PLC - London-based commercial property investment company - Leases just over 8,900 square metres of space at Fangdieckstrasse 75 site in Hamburg to Hamburg Institut fur Pathologie & Hamatopathologie. HPH ‘specialises in the diagnosis of haematological diseases’, CLS adds. The deal is an extension to an existing lease of 5.628 square metres. ‘The HPH Institute will move into the additional space from September 2024, following the current occupier’s lease surrender, meaning the property will remain fully let,’ CLS adds.
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Smarttech247 Group PLC - Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider - Announces new strategy as part of growth aims. The firm will ‘place greater emphasis on channel and strategic partnerships to target rapid expansion’. ‘Previously, the company’s strategy focused on direct sales to customers but this new strategic shift will allow Smarttech247 to leverage the successful partnerships the company has curated,’ Smarttech247 adds. ‘Smarttech247 is already in advanced discussions with leading systems integrators and distributors to bring a range of its cybersecurity solutions, including VisionX MDR and ThreatHub, to a broader market, strengthening the company’s presence in key regions and scale operations to meet the growing global demand. This new programme will provide Smarttech247’s partners with the tools, resources and support to help partners maximise revenue potential and deliver value to customers via incentives including financial rewards, co-marketing opportunities and access to training and certifications programmes.’ The firm expects to increase its headcount in Ireland ‘and across other key markets over the next 12 months’.
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Metals One PLC - mining company focused on developing strategic metals projects in Finland and Norway - Partner at Rana project, Kingsrose Mining Ltd, satisfies conditions of second part of earn-in pact. Kingsrose has so far earned a 51% stake in the nickel, copper and cobalt asset by incurring A$3 million, around £1.5 million worth of expenditure. Metals One’s ownership of Rana stands at 39%. ‘Kingsrose has also announced its intention to proceed to earn the third milestone interest, which equates to a 65% interest,’ Metals One says, explaining Kingsrose will do this by incurring further A$4 million of expenditure.
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Helium One Global Ltd - Tanzania-focused helium exploration company - Says Itumbula West-1 flowed at a sustained average of 5.5% helium to surface. Update follows completion of an extended well test. CEO Lorna Blaisse labels this ‘another huge milestone’.
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Accsys Technologies PLC - London-based wood building products manufacturer - Revenue in first-quarter ended June 30 increases 3% on-year to €35.9 million. This is ‘despite continued global market headwinds for the construction and building materials industry’. Hails ‘good demand and revenue growth for Accoya wood products’. Also notes ‘good start to Q2 and a healthy order book across the regions’.
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