The following is a round-up of trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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TPXimpact Holdings PLC - London-based technology-enabled services company - Secures an £11 million contract uplift as part of its ongoing strategic delivery partnership with HM Land Registry. The company says it continues to work closely with the HMLR’s team to modernise systems and improve the speed and quality of service for customers. Explains that the partnership is a ‘key component’ of HMLR’s transition towards a digital-first organisation. ‘This uplift reflects the strength of our collaborative relationship with HMLR. Working side-by-side with the excellent team at HMLR, we’ve proven that we can deliver a large, complex, digital transformation which makes a tangible difference for thousands of service users and supports the Government’s priorities for infrastructure investment and housing,’ says TPXimpact Chief Executive Bjorn Conway.
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Braemar PLC - London-based provider of investment, chartering and risk management advice to shipping and energy markets - Says CEO James Gundy intends to step down at the next annual general meeting, scheduled for July 2. Notes that after this date, Gundy will remain at the company as he focuses on his shipbroking activities. Names current Chief Financial & Operating Officer Grant Foley as Gundy’s successor. Says the search for a replacement CFO is underway. Adds that the company continues to trade in line with market expectations for the full-year of £132.0 million in revenue and underlying operating profit before acquisition related expenditure of £13.2 million. ‘Grant has impressed the board in both his finance and operational roles and has demonstrated the necessary breadth of expertise to execute the board’s strategic plan to deliver revenues of £200 million by FY30. The board and I look forward to working with him in his new role as group CEO,’ says Non-Executive Chair Nigel Payne.
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Sterling Digital PLC - London-based bitcoin mining company - Reports the purchase of application-specific integrated circuit mining servers. Notes these are ‘specialised, high-performance computing devices designed to carry out the cryptographic calculations that validate transactions on the bitcoin network’. Says it has acquired 450 new generation Asic servers, representing around 193,500 terahashes per second of computing capacity. Adds that the purchase aligns with its business plan, and was completed at a cost below the original budgeted allocation. ‘Securing this level of hashrate marks an important milestone for Sterling Digital and positions us to commence bitcoin production in Q2 2026, in line with our stated strategy,’ says CEO Stefan Michealides. ‘Our focus remains on disciplined capital deployment and building a scalable, energy-efficient mining platform.’
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Marula Mining PLC - mining company with projects in South Africa, Kenya and Tanzania - Says its subsidiary, Muchai Mining Kenya Ltd, enters into a purchase order for a trial shipment of 500 tonnes of processed manganese ore with Jindal Pelletising LLC. Notes this is a subsidiary of one of India’s ‘foremost integrated steel producers’, Jindal Steel Ltd. Says the initial trial shipment is for the export sale of manganese ore from the Kilifi manganese processing plant in Kenya. Adds that sales to be concluded with Jindal are in addition to existing manganese ore sales from the Kilifi Plant with Baosteel Resources South Africa. Marula also now anticipates the deliveries to Baosteel will also now proceed.
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Sareum Holdings PLC - Cambridge, England-based pharmaceutical company - Restarts the phase 2-enabling toxicology programme for SDC-1801. Notes this is a selective TYK2/JAK1 inhibitor that is being developed as a potential treatment for a range of autoimmune diseases, but with an initial focus on psoriasis. Sareum says it has appointed a ‘leading’ global contract research organisation to conduct the programme, following the discontinuation of a previous study. ‘Generating a full phase two enabling toxicology package is an important step forward for SDC-1801. The appointment of an experienced global CRO and the successful completion of the preliminary PK study give us confidence as we advance through this important phase of development,’ says Executive Chair Stephen Parker. ‘Combined with the strong Phase 1 data, these studies will further support SDC-1801’s potential to become a best-in-class, once-daily oral therapy for autoimmune diseases. We look forward to providing further updates as the programme progresses.’
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Nostrum Oil & Gas PLC - operates gas processing facilities and export hub in north-west Kazakhstan - Says its principal operating subsidiary, Zhaikmunai LLP, was notified that the Republic of Kazakhstan’s Ministry of Finance Appeal Board rejected its appeal of tax claims for 2018 and 2019. Says Zhaikmuna believes the appeal board should have suspended the appeal pending the outcome of the mutual agreement procedure initiated by the Dutch tax authorities. ‘ZKM is in the process of appealing the Appeal Board’s decisions to the first instance courts of the RoK and is also considering its treaty-based options,’ says Nostrum.
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Delta Gold Technologies PLC - developing intellectual property aimed at the quantum computing space that can be licensed globally - Raises £1.9 million through direction subscriptions, issuing 5.5 million shares at a price of 35 pence per share. Says the proceeds are earmarked for the acceleration of university research agreements and collaborations, as well as for general working capital purposes. ‘We are delighted by the strong support from new and existing shareholders, underscoring the belief in our vision to build a centre of excellence in quantum computing research. Our established collaboration with the University of Toronto is now being expanded through the completion of an agreement with Penn State University. These academic partnerships, together with this financing, mark an important step in translating our strategy into action,’ says CEO Michael Jones.
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