(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Luceco PLC - LED lighting products supplier - Says revenue in first half grows 51% to GBP108 million, 31% higher than two years earlier. Adjusted operating profit of GBP19 million is expected for first half, topping previous guidance of GBP18 million and up sharply from GBP9.0 million. Revenue to beat old guidance of GBP105 million. "Strong growth versus 2019 underlines the extent of our ongoing market share gains, particularly during Covid," Luceco says. Tips 2021 revenue to rise over 25% to GBP220 million, which would be 28% higher than 2019. Eyes adjusted operating profit of GBP39 million, rising 30% annually and more than double 2019.
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Jadestone Energy PLC - oil and gas producer in Asia-Pacific - Says all conditions needed to seal acquisition of Malaysian assets from SapuraOMV Upstream Sdn Bhd have been met. This includes consent from Petroliam Nasional Bhd, or Petronas, Malasyian state-owned oil and gas firm. Jadestone adds: "Jadestone and SapuraOMV will now proceed to complete the transaction, which will entail Jadestone paying the headline consideration of USD9 million."
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Rainbow Rare Earths Ltd - rare earth element mining in Burundi, East Africa - Notes civil unrest in South Africa. Says work at rare earth project located in Phalaborwa continues "unabated" and has been unaffected by rioting and looting.
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Good Energy Group PLC - Wiltshire-based renewable electricity supplier - Launches new energy tariff for electric vehicle drivers. New tariff, named 'Green Driver', is cheaper alternative and offers off-peak EV charging services. "The two tariffs are designed to give customers a choice of off-peak charging period to suit their needs and help those that have an EV to save money on their energy bills. These tariffs have been designed based on customer feedback, highlighting a requirement for a slightly longer charging period," Good Energy says.
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HeiQ PLC - London-based textiles technology firm - Signs collaboration pact with Lycra Co, provider of textiles to apparel and personal care industries. "The collaboration will lead to the launch of many new innovative, quality-enhancing and sustainable textile technologies addressing needs for stretch, antimicrobial, freshness, warming and cooling," HeiQ says. HeiQ says both firm's products will be jointly-marketed by companies. HeiQ adds: "The first innovation will be launched in Q3 2021, combining HeiQ's freshness and antiviral benefits with the quality and comfort of Lycra Co's stretch fabrics, bringing a new dimension of comfort and confidence to consumers."
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Bonhill Group PLC - London-based business-to-business media - Says trading in first half of 2021 in line with market expectations. However, as announced in May, Bonhill tips first half revenue to be lower year-on-year amid Covid-19 curbs hurting live events. Revenue in first half of year prior was GBP7.8 million. Tips second quarter like-for-like sales to rise 9%, however. Expects pretax loss expected to narrow from GBP11.1 million amid cost savings.
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Filtronic PLC - Yeadon, England-based manufacturer of products for the aerospace, defence telecoms infrastructure and critical communications markets - Outlines plan for a "brand refresh". Part of plan is new company logo. "This brand refresh gives Filtronic a modern platform - a new identity that tells our story, refreshes our look and is aligned with the company strategy," Filtronic says.
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RBG Holdings PLC - London-based law firm - Says traded in line with expectations in six months to June 30. Plans to pay 2 pence per share interim dividend. In respect to 2020, company made just one 3p distribution, having deferred interim payout. Notes Legal Services unit "performed well", while Litigation Finance has three large cases ongoing.
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PRS REIT PLC - real estate investment trust focusing on new-build family homes for the private rental market - Completes 4,000th new rental home. Believes it has "largest build-to-rent single family rental portfolio in the UK". New completion takes estimated rental value to GBP37.7 million. Sigma Capital Group PLC's subsidiary, Sigma PRS Management Ltd, is investment adviser to PRS REIT. Sigma Capital notes PRS REIT's release.
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Creo Medical Group PLC - Chepstow, Wales-based medical device company specialising in surgical endoscopy - Opens US headquarters in Danbury, Connecticut. Creo says site will support global growth plans, as well as US focus. "We are delighted and proud to have opened our first United States facility, illustrating our commitment to growth and our focus on the key United States Market," Chief Executive Officer Craig Gulliford says.
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Nucleus Financial Group PLC - Edinburgh-based financial services provider - Says assets under management at June 30 rise 5.1% quarter-on-quarter to GBP18.87 billion from GBP17.96 billion. Assets under management in second quarter up 19% annually. Reports quarterly inflows of GBP578 million and outflows of GBP385 million, giving net flows of GBP193 million.
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By Eric Cunha; ericcunha@alliancenews.com
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