Recent updates from London-listed companies include Synectics PLC securing $2.7 million in contracts for surveillance systems in the gaming sector, TruFin PLC projecting significant revenue growth to £46 million, and Aptamer Group PLC achieving advances in biotechnology partnerships. Other highlights include Physiomics PLC winning a £157,000 contract, Hargreaves Services PLC forecasting strong results, Sabre Insurance Group PLC aiming for record premiums, and InvestAcc Group Ltd reporting a 15% revenue increase. Additionally, EMV Capital PLC raised £1.5 million, Goldplat PLC expects profits to exceed forecasts, and Cooks Coffee Co Ltd is expanding into Ireland.
Recent Developments from London-Listed Companies
Here’s a roundup of the latest updates from companies listed on the London Stock Exchange, shared on Thursday and not covered by other news outlets:
Synectics PLC Secures Major Contracts
Sheffield-based Synectics PLC, a leader in security solutions and advanced surveillance systems, has successfully secured contracts totaling $2.7 million. These four contracts are with partners in the gaming industry, where the company will implement its premier software platform, Synergy, at two prominent gaming centers in the Philippines. Synectics was selected for this project due to Synergy’s extensive features and its customized solutions tailored for control rooms requiring top-tier surveillance and security. Additionally, Synectics has deepened its collaboration with PENN Entertainment Inc. by signing two new contracts for Synergy software deployment in two more casinos within PENN’s portfolio, bringing the total installations to 25. The execution of these contracts is scheduled for completion by the end of November 2025.
TruFin PLC Anticipates Strong Financial Growth
London-based TruFin PLC, a holding company that oversees three technology-focused businesses in advance payment solutions, invoice financing, and mobile gaming publishing, is projecting a significant boost in its financial performance for 2024. The company expects revenues to soar to £46 million, a substantial increase from the previous £18.1 million. Furthermore, the adjusted loss before tax is anticipated to improve to £1.5 million, down from £6.6 million. Thanks to this exceptional growth, TruFin’s cash reserves are expected to be more robust than initially predicted, ensuring the group remains fully funded until it reaches profitability.
Aptamer Group PLC Makes Strides in Biotechnology
Aptamer Group PLC, a York-based biotechnology firm specializing in Optimer binders for therapeutics and diagnostics, has reported notable advancements in several projects. In collaboration with Unilever PLC, Aptamer has confirmed that its Optimer binders maintain stability in human skin samples for over 72 hours—an essential factor for real-world application in deodorants, a market valued at over $21 billion annually, growing at a rate of 4.5% per year. The company has also achieved a significant milestone in its partnership with Neuro-Bio by integrating Optimer binders into a biosensor for Alzheimer’s disease testing, demonstrating effective biomarker detection. Additionally, Aptamer is making significant progress in its collaboration with AstraZeneca PLC, exploring targeted delivery systems for small interfering RNAs (siRNA).
Physiomics PLC Wins New Contract
Physiomics PLC, a data science and mathematical modeling company based in Abingdon, has secured a £157,000 contract with a well-established global pharmaceutical client. The agreement involves providing pharmacokinetic-pharmacodynamic services to guide important preclinical and clinical dosing and scheduling decisions for a new cancer treatment combination.
Hargreaves Services PLC Forecasts Positive Results
Hargreaves Services PLC, which offers services across environmental, industrial, and real estate sectors from Durham, is anticipating solid financial results for the half-year period ending November 30. The company expects improvements in both the Services and Hargreaves Raw Material Services divisions, while projecting stable results from Hargreaves Land. The board expresses confidence in meeting annual results in line with market expectations, aiming for £222.6 million in revenue and £16.5 million in underlying profit before tax. Hargreaves will release its interim results on January 29.
Sabre Insurance Group PLC Aims for Record Premiums
Sabre Insurance Group PLC, a car insurance underwriter based in Dorking, is optimistic about achieving its highest-ever gross premiums in 2024, with profits aligning with current market forecasts. At a recent capital markets event, the company outlined its ambitious goal of reaching at least £80 million in profit before tax by 2030, reflecting a compound annual growth rate of 10% throughout the period.
InvestAcc Group Ltd Reports Revenue Growth
InvestAcc Group Ltd, specializing in retirement management, has announced a 15% increase in revenue for the 12 months ending October 31, totaling £10.1 million. Adjusted earnings before interest, taxes, depreciation, and amortization also rose by 19%, reaching £4.2 million. Mark Hodges, chairman of the board, expressed satisfaction with the organic growth stemming from their first acquisition and indicated optimism for future growth prospects. The company plans to change its financial year-end date to December 31.
EMV Capital PLC Successfully Raises Funds
EMV Capital PLC, a specialist investor in the life sciences sector, recently raised £1.5 million through a fundraising initiative, which included £932,752 via subscription and £567,248 from a retail offering at 50 pence per share. CEO Ilian Iliev expressed gratitude for the oversubscribed fundraising, which occurred in a challenging economic environment, and looks forward to utilizing the funds to further the company’s growth strategy.
Goldplat PLC Exceeds Market Expectations
Goldplat PLC, a gold mining and production firm with operations in Ghana and South Africa, anticipates that its results for the fiscal year ending June 30 will surpass market expectations. The company has made adjustments during its year-end audit, leading to a projected annual profit before tax of approximately £6 million.
Cooks Coffee Co Ltd Expands into Ireland
New Zealand-based Cooks Coffee Co Ltd is set to expand its Esquires brand into Ireland, having reached an agreement with Dairygold Agri Business to operate four cafes within Dairygold-owned Co-Op supermarkets. This initial contract spans a period of 10 years and is effective immediately, with cafes located in Midleton.