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GB Group reported growth in core identity and location services. Constant-currency sales for those segments increased 4.5%, while group revenue grew only 1.4%.
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XP Power reported sharply higher orders and improving quarterly revenue. Order intake reached £106.8m, although advance customer bookings influenced the increase and underlying demand was steadier.
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Genuit has reduced profit expectations after weaker heating product demand. The company reported like-for-like revenue declines as warm weather affected its heating products.
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James Cropper has raised its annual adjusted earnings expectations materially. The company now forecasts EBITDA of £10.3m–£11.3m after stronger performance in Paper & Packaging.
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Wickes has reported stronger group revenue in its third quarter. Sales rose 4.5% to £439m, with like-for-like revenue increasing by a separate 4.0%.
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The CMA is consulting on possible remedies for nexfibre acquisition. Its concerns over wholesale broadband competition remain provisional and no prohibition decision has been made.
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UK venture investors have introduced a voluntary ESG reporting template. The British Business Bank, UK Private Capital and Reframe Venture intend to reduce overlapping investor requests.
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Invinity has proposed raising at least £20m through new equity. The National Wealth Fund is expected to provide a minimum £10m cornerstone commitment, subject to conditions.
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Cornish Metals has proposed £135m of financing for South Crofty. The conditional fundraising includes a Glencore investment and an offtake agreement, with production still a future target.
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Thames Water creditors have selected a prospective independent board chairman. Lord Hutton would take up the position only if the consortium’s proposed recapitalisation and approvals proceed.