TRADING UPDATES: Barratt Redrow completes second tranche of buyback

Fri, 08th May 2026 16:32

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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SRT Marine Systems PLC - Bath, England-based provider of maritime domain awareness systems - Inks a GBP5 million, one-year support contract for an existing SRT-MDA deployment with a long-standing unnamed sovereign customer. Says the contract runs from the start of this year through to the end, and covers technical support and data services. "This is an important long term sovereign partnership with significant future system growth ambitions. This further system support contract, which provides a blend of services for our existing system, is a strong example of our long term, multi revenue stream business model delivering value for both SRT and the customer, who relies daily on a state of the art digital maritime surveillance system," says Chief Executive Simon Tucker.

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Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, formerly Eqtec PLC - Completes its maiden field programme at the Green Rock project. Notes 111 rock chick samples were collected and submitted to ALS Labarotories in Perth for multi-element assay. Says this includes both copper and gold analysis. Explains that the project comprised an initial site visit and systematic rock chip sampling across the project area. Forgents expects assay results within four weeks.

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Uru Metals Ltd - mineral exploration and development company focused on the Zebediela nickel project located in Limpopo, South Africa - Reports the commencement of the ground-based frequency-domain electromagnetic survey at the Zeb nickel project. Notes the survey follows completion of the ground-based gravity survey. Says it forms a key component of its ongoing geophysical programme that aims to refine and prioritise drill targets identified from airbourne surveys. Notes the survey is designed to better delineate conductive zones that could represent semi-massive to massive nickel sulphide mineralisation. "We are very excited about the progress being made and look forward to the coming weeks as the FDEM survey progresses," says CEO John Zorbas.

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Imaging Biometrics Ltd - London-based healthcare imaging software company - Says subsidiary Kirkstall Ltd has been chosen as an industry partner in a collaborative research programme focused on developing a living glioblastoma "tumour on a chip" model, in partnership with Nottingham Trent University. Notes its subsidiary is a pioneer in organ-on-a-chip technology and develops microfluidic platforms that replicate the behaviour of living human tissue outside the body. Explains that the research aims to create a microfluidic "tumour on a chip" system capable of mimicking the key features of the human brain environment in which glioblastoma develops. Adds that glioblastoma is the most aggressive form of brain cancer in adults. Says the Kirkstall platform will be utilised to grow "human-derived cells inside a microfluidic chip to form a blood-brain barrier, before introducing glioblastoma cells to model how tumours develop and how candidate drug compounds traverse the barrier and reach the cancer."

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Earnz PLC - Cheltenham, England-based energy services company - Secures a "significant contract" that aligns with its strategic aim of building partnerships with established tier one clients in both the public and private sectors, "responsible for residential and non-residential property portfolios". Notes the contract has been awarded to A&D Carbon Solutions, which Earnz acquired back in July of last year, by Fortem on an initial two-year basis. Adds that Fortem is working on behalf of Sanctuary Housing. Says work in Yorkshire will commence this month to provide retrofit insulation, ventilation upgrades and renewable energy solutions to homes. Expects initial revenue of GBP2.6 million per year, with the potential to extend for a further 12 to 18 months.

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Barratt Redrow PLC - Leicestershire, England-based housebuilder - Completes the second tranche of its GBP100 million share buyback programme announced back in January. Says UBS, who undertook the second tranche on Barratt's behalf, purchased 16.1 million shares for a GBP50 million consideration.

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Physiomics PLC - Oxford, England-based mathematical modelling company, which focuses on medical drug development - Says its newly appointed board has commenced an extensive review of the business with a focus on operational optimisation, commercial execution and shareholder value creation. Says the board believes Physiomics has a number of "underappreciated strengths", including an established scientific platform, respected industry relationships and "what appears to be" a robust and "dependable" commercial pipeline with "significant scope for growth". Notes that immediate emphasis is being put on disciplined capital allocation with strict cost control measures throughout the business. Says all new directors have agreed to receive a portion of their remuneration in ordinary shares. Adds that it has identified a "number of additional commercial opportunities" as well as strategic targets that can be pursued within existing budgetary frameworks. Says the boards initial assessment of the balance sheet is that there is sufficient cash runway to 2027. "The board sees a clear opportunity to introduce stronger commercial focus, tighter operational discipline and a more dynamic growth strategy, while maintaining the high scientific standards for which Physiomics is recognised," says Executive Director Mike Whitlow.

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By Christopher Ward, Alliance News reporter

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