The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Molten Ventures VCT PLC - London-based investment trust associated with venture capital firm Molten Ventures PLC - Posts a lower net asset value of 40.6 pence per share as of September 30, down from 43.0p at the end of March and 43.2p on-year. Says it remains ‘reasonably sanguine’ in its view of the recent UK government budget, as it notes the reduction in VCT upfront income tax relief to 20% from 30%, effective from April. Remains ‘cautiously optimistic’ with hopes for brighter market conditions in 2026. ‘The climate for entrepreneurs is improving,’ says Chair David Brock. ‘Although we have seen a small fall in NAV over the period, the board is satisfied with the approach taken by the manager [Elderstreet Investments Ltd] in supporting existing portfolio companies, working on realisations and continuing to identify suitable new opportunities.’
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Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Pretax profit multiplies to £392,000 in the six months that ended September 30 from £18,000 a year earlier. Gross revenue holds steady on-year at £7.7 million, while net revenue after rebates remains flat at £7.5 million. Recurring revenue, which represents roughly 84% of total revenue, also remains stable at £6.4 million. Vianet raises its interim dividend per share by one third to 0.4p from 0.3p the year prior. Chief Financial Officer Sarah Bentham hails ‘a solid first-half performance supported by disciplined cost control and an improving margin profile,’ while Chief Executive James Dickinson notes growth in both the Hospitality and Unattended Retail divisions. ‘The business has remained focused on disciplined execution while managing the operational friction created by the 2G transition and elongated customer planning cycles. These factors have not altered the underlying business momentum, and our outlook remains positive and unchanged,’ Dickinson adds.
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Mobile Streams PLC - London-based mobile gaming content provider - Says work on a planned reverse takeover announced back in March is ‘progressing well.’ Aims to complete the acquisition of Mexican sports betting platform Estadio Gana and Capital Media Sports, which owns the Estadio media business, ‘as soon as practical.’ The transaction sees Mobile Streams taking full ownership of Estadio Gana by acquiring the 74% of shares it does not already own. It plans to take a controlling stake in CMS. These deals represent ‘the cornerstone of the company’s aim to create a world class leading integrated sports, media and entertainment conglomerate focused on the Latin American region, and particularly the Mexican market,’ Mobile Streams said in March.
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