PLC News

Plc Market news covers the latest developments on the Alternative Investment Market, the London Stock Exchange’s venue for smaller, growth‑orientated companies. This section includes updates on company admissions and delisting’s, fund‑raisings and IPOs, share‑price movements, mergers and acquisitions, board appointments and departures, regulatory and policy changes

Avation completes sale of Boeing 777-300ER at profit above book value

Avation has finalised the sale of a Boeing B777-300ER leased to Philippine Airlines, generating a material profit above book value. The transaction releases significant cash, which will be used to reduce debt and reinvest in narrowbody aircraft types as part of the company’s portfolio management strategy...

Likewise reports 10% sales growth and strong interim results for H1 2025

Likewise Group has posted a 10.2% increase in sales revenue to £77.9 million for the six months to 30 June 2025, with Likewise Branded sales up 14.1%. Underlying profit before tax rose 120% to £0.74 million, while operating cash flow reached £5.2 million...

Challenger Energy advances Uruguay exploration and exits Trinidad operations

Challenger Energy has completed the first phase of its technical work on AREA OFF-3 in Uruguay, identifying multiple new anomalies with estimated recoverable resources of up to 980 million barrels...

Diversified Energy completes $550m Canvas Energy acquisition with Carlyle backing

Diversified Energy has agreed to acquire Canvas Energy for approximately $550 million. The deal, funded through a Carlyle-backed asset securitisation, cash, and new shares, adds producing assets in Oklahoma and is expected to contribute around $155 million of next twelve months EBITDA before synergies...

Likewise granted approval for 20,000 sq ft expansion of Newport facility

Likewise Group has received planning permission to extend its Newport warehouse by 20,000 sq ft, creating a 55,000 sq ft distribution hub. The development will be funded through internal cash flow...

Cerillion secures £17.3m follow-on contracts with major European customer

Cerillion has signed two agreements worth a combined £17.3 million with an existing European customer, following an £8 million services contract announced in May 2025...

Avation reports US$110m revenue and strengthened balance sheet for FY25

Avation expects revenue of around US$110 million for the year to 30 June 2025. The company has reduced outstanding bond debt to US$298 million through repurchases and improved its credit ratings with Moody’s and Fitch...

Golden Matrix reports record August revenue of $17.8m, up 18% year-on-year

Golden Matrix posted record August revenues of $17.8m, up 18% from last year, with July revenues also rising 24% to $15.7m. Strong performance came from Meridianbet’s sports betting and RKings’ tournaments, positioning the group for record Q3 results...

HUTCHMED to present new lung cancer and oncology data at WCLC and CSCO 2025

HUTCHMED announced that updated data on savolitinib in NSCLC and other pipeline compounds will be presented at the World Conference on Lung Cancer in Barcelona and the CSCO Annual Meeting in China this September. Presentations include studies on savolitinib, surufatinib, fruquintinib and first-in-human results for HMPL-653...

Surface Transforms appoints Paul Marr as Non-Executive Director

Surface Transforms has appointed Paul Marr to its Board as Non-Executive Director. Marr brings over 40 years of global automotive manufacturing and operational leadership experience, including senior roles at General Motors and other international groups...

Avation signs 12-year lease for ATR 72-600 with Cambodian airline

Avation has agreed a twelve-year lease with a Cambodian carrier for a new ATR 72-600, the second of ten aircraft ordered in 2024. Delivery is scheduled for February 2026...

Tern Plc delivers stronger interim results with reduced loss and portfolio growth

Tern Plc reported improved interim results for the six months to 30 June 2025, with a 64% reduction in loss, disciplined cost control, and a new strategic investment in Sure Ventures plc. The company also strengthened portfolio support through successful fundraises...

Thor Energy signs term sheet with DISA to recover uranium from Colorado mine waste

Using DISA’s patented High-Pressure Slurry Ablation system, the partnership aims to recover saleable uranium and critical minerals without capital or operating costs to Thor, while also improving environmental conditions at legacy sites...

Avation to deliver first ATR 72-600 to SUM Air in November 2025

Avation confirmed that one of ten ATR 72-600 aircraft ordered in 2024 will be delivered in November 2025, becoming the first aircraft in SUM Air’s fleet...

Cora Gold updates Reserves and Feasibility Study at Sanankoro project

Cora Gold has announced updated reserves and the results of a new Definitive Feasibility Study for its Sanankoro Gold Project in southern Mali. The study reports a 26% increase in Probable Reserves to 531 koz at 1.13 g/t gold and outlines a post-tax IRR of 65%, a 1.1-year payback period, and US$479m projected free cash flow over a 10.2-year mine life...

Challenger Energy delivers strong progress, maintains solid cash position

Challenger Energy has published its Interim Results for the six months to 30 June 2025. The period saw progress in Uruguay, with Chevron assuming operatorship of the AREA OFF-1 block and preparations advancing for 3D seismic acquisition, while technical work on AREA OFF-3 was largely completed ahead of a farm-out process...

Aptamer signs therapeutic development deal with Invizius

Aptamer Group has entered a new agreement with Invizius to develop Optimer® binders targeting the complement system for inflammatory and autoimmune diseases. The collaboration aims to enhance Invizius’ H-Guard® platform, currently in Phase 2 trials, by providing safer and more precise therapies, including potential treatments for IgA nephropathy...

Avingtrans secures $16m nuclear contracts with KHNP

Avingtrans’ US subsidiary, Hayward Tyler Inc., has won two contracts worth over $16m from Korea Hydro & Nuclear Power. The deals cover safety-related pumps and spare parts for nuclear reactors in South Korea, with manufacturing in Vermont and delivery scheduled by FY27...

Cerillion recognised in Gartner reports for AI in CSP operations

Cerillion has been named in Gartner’s Magic Quadrant and Critical Capabilities reports for AI in CSP customer and business operations. The company’s AI-powered BSS/OSS suite supports flexible integration and rapid deployment, reinforcing its strategy to enhance customer experience and operational efficiency...
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May 10, 2024

Avation completes sale of Boeing 777-300ER at profit above book value

Avation has finalised the sale of a Boeing B777-300ER leased to Philippine Airlines, generating a material profit above book value. The transaction releases significant cash, which will be used to reduce debt and reinvest in narrowbody aircraft types as part of the company’s portfolio management strategy...

Likewise reports 10% sales growth and strong interim results for H1 2025

Likewise Group has posted a 10.2% increase in sales revenue to £77.9 million for the six months to 30 June 2025, with Likewise Branded sales up 14.1%. Underlying profit before tax rose 120% to £0.74 million, while operating cash flow reached £5.2 million...

Challenger Energy advances Uruguay exploration and exits Trinidad operations

Challenger Energy has completed the first phase of its technical work on AREA OFF-3 in Uruguay, identifying multiple new anomalies with estimated recoverable resources of up to 980 million barrels...

Diversified Energy completes $550m Canvas Energy acquisition with Carlyle backing

Diversified Energy has agreed to acquire Canvas Energy for approximately $550 million. The deal, funded through a Carlyle-backed asset securitisation, cash, and new shares, adds producing assets in Oklahoma and is expected to contribute around $155 million of next twelve months EBITDA before synergies...

Likewise granted approval for 20,000 sq ft expansion of Newport facility

Likewise Group has received planning permission to extend its Newport warehouse by 20,000 sq ft, creating a 55,000 sq ft distribution hub. The development will be funded through internal cash flow...

Cerillion secures £17.3m follow-on contracts with major European customer

Cerillion has signed two agreements worth a combined £17.3 million with an existing European customer, following an £8 million services contract announced in May 2025...

Avation reports US$110m revenue and strengthened balance sheet for FY25

Avation expects revenue of around US$110 million for the year to 30 June 2025. The company has reduced outstanding bond debt to US$298 million through repurchases and improved its credit ratings with Moody’s and Fitch...

Golden Matrix reports record August revenue of $17.8m, up 18% year-on-year

Golden Matrix posted record August revenues of $17.8m, up 18% from last year, with July revenues also rising 24% to $15.7m. Strong performance came from Meridianbet’s sports betting and RKings’ tournaments, positioning the group for record Q3 results...

HUTCHMED to present new lung cancer and oncology data at WCLC and CSCO 2025

HUTCHMED announced that updated data on savolitinib in NSCLC and other pipeline compounds will be presented at the World Conference on Lung Cancer in Barcelona and the CSCO Annual Meeting in China this September. Presentations include studies on savolitinib, surufatinib, fruquintinib and first-in-human results for HMPL-653...

Surface Transforms appoints Paul Marr as Non-Executive Director

Surface Transforms has appointed Paul Marr to its Board as Non-Executive Director. Marr brings over 40 years of global automotive manufacturing and operational leadership experience, including senior roles at General Motors and other international groups...

Avation signs 12-year lease for ATR 72-600 with Cambodian airline

Avation has agreed a twelve-year lease with a Cambodian carrier for a new ATR 72-600, the second of ten aircraft ordered in 2024. Delivery is scheduled for February 2026...

Tern Plc delivers stronger interim results with reduced loss and portfolio growth

Tern Plc reported improved interim results for the six months to 30 June 2025, with a 64% reduction in loss, disciplined cost control, and a new strategic investment in Sure Ventures plc. The company also strengthened portfolio support through successful fundraises...

Thor Energy signs term sheet with DISA to recover uranium from Colorado mine waste

Using DISA’s patented High-Pressure Slurry Ablation system, the partnership aims to recover saleable uranium and critical minerals without capital or operating costs to Thor, while also improving environmental conditions at legacy sites...

Avation to deliver first ATR 72-600 to SUM Air in November 2025

Avation confirmed that one of ten ATR 72-600 aircraft ordered in 2024 will be delivered in November 2025, becoming the first aircraft in SUM Air’s fleet...

Cora Gold updates Reserves and Feasibility Study at Sanankoro project

Cora Gold has announced updated reserves and the results of a new Definitive Feasibility Study for its Sanankoro Gold Project in southern Mali. The study reports a 26% increase in Probable Reserves to 531 koz at 1.13 g/t gold and outlines a post-tax IRR of 65%, a 1.1-year payback period, and US$479m projected free cash flow over a 10.2-year mine life...

Challenger Energy delivers strong progress, maintains solid cash position

Challenger Energy has published its Interim Results for the six months to 30 June 2025. The period saw progress in Uruguay, with Chevron assuming operatorship of the AREA OFF-1 block and preparations advancing for 3D seismic acquisition, while technical work on AREA OFF-3 was largely completed ahead of a farm-out process...

Aptamer signs therapeutic development deal with Invizius

Aptamer Group has entered a new agreement with Invizius to develop Optimer® binders targeting the complement system for inflammatory and autoimmune diseases. The collaboration aims to enhance Invizius’ H-Guard® platform, currently in Phase 2 trials, by providing safer and more precise therapies, including potential treatments for IgA nephropathy...

Avingtrans secures $16m nuclear contracts with KHNP

Avingtrans’ US subsidiary, Hayward Tyler Inc., has won two contracts worth over $16m from Korea Hydro & Nuclear Power. The deals cover safety-related pumps and spare parts for nuclear reactors in South Korea, with manufacturing in Vermont and delivery scheduled by FY27...

Cerillion recognised in Gartner reports for AI in CSP operations

Cerillion has been named in Gartner’s Magic Quadrant and Critical Capabilities reports for AI in CSP customer and business operations. The company’s AI-powered BSS/OSS suite supports flexible integration and rapid deployment, reinforcing its strategy to enhance customer experience and operational efficiency...
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