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Todays Top RNS's from Vox Markets: Helix Exploration, Legal & General, Empyrean Energy & More

08:27, 12th March 2025
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Helix Exploration - Operational Update

Helix Exploration PLC has announced key developments in its Montana helium operations, including the acquisition of the Weil #1 well, plans for the Linda #1 well, and the completion of Clink #1 acidisation. The company's focus remains on initiating helium production by summer 2025 at Rudyard Field, aiming to enhance operational scale and efficiency.

Legal & General Grp - L&G Full Year Results 2024 Part 1

Legal & General reports a 6% increase in core operating profit for 2024, driven by strategic focus and portfolio simplification. The company's robust performance includes notable milestones in Institutional Retirement, Asset Management, and Retail sectors. A £500m share buyback and plans to return over £5bn to shareholders highlight sustained growth and commitment to value creation.

Empyrean Energy PLC - Mako PSC Revised Gas Sales Arrangements

Empyrean Energy PLC announces a new directive from Indonesia's Ministry of Energy, prioritizing Mako Gas for domestic use to meet rising gas demands. This shift to sell Mako gas locally through PT PLN Energi Primer aligns with Indonesia's New Energy Plan. Empyrean maintains a strategic 8.5% interest in the Duyung PSC.

Intercede Group PLC - Continued Momentum with New Contract Orders

Intercede Group PLC, a leading cybersecurity company, has announced new contract orders exceeding $1.37 million for the quarter ending March 2025. Highlights include a major subscription licence order in AsiaPac and significant professional services orders in the US federal space. 

Invinity Energy Sys - Agreement to Supply 10.8 MWh ENDURIUM Battery

Invinity Energy Systems plc has announced an agreement to supply a 10.8 MWh ENDURIUM battery system to STS Service Ltd in Hungary. Additionally, they will sell a 0.9 MWh VS3 battery to HITT Contracting in the USA. Invinity continues to progress on its UK LODES project, with important commercial advancements anticipated.

Legal & General Grp - L&G Full Year Results 2024 Part 2

Legal & General Group Plc has restructured its business model, focusing on Institutional Retirement, Asset Management, and Retail divisions. The Group reported increased core operating profit to £1,616 million in 2024. The strategic transformation aims to streamline operations, while adjustments to reportable segments align with the refreshed vision, enhancing performance clarity.

Cake Box Holdings - Acquisition & £7.2m Fundraise

Cake Box Holdings plc has agreed to acquire Ambala Foods Limited for £22 million. To finance this, Cake Box will conduct a £7.2 million Placing and Retail Offer. The acquisition is anticipated to enhance earnings and broaden the product range, marking a significant growth opportunity for both brands.

Gym Group PLC (The) - The Gym Group PLC 2024 Full Year Results

The Gym Group reports strong 2024 results, with revenue up 11% and a 24% increase in EBITDA after normal rent. Membership rose 4% as 12 new sites opened. The "Next Chapter" growth plan fuels optimism, targeting 14-16 openings in 2025. Enhanced technology and data investment are set to drive further growth.

4imprint Group PLC - Final Results

4imprint Group PLC reports robust financial performance for 2024 with a 3% revenue increase to $1.37bn and a 10% rise in profit before tax to $154.4m. Despite market challenges, strong cash generation and a 250.0c special dividend highlight solid progress. The completed Oshkosh expansion supports future growth, while sustainability initiatives advance.

Contango HoldingsPLC - Strategic Investor Increases Ownership in Muchesu

Contango Holdings Plc announces that an Investor has acquired an additional 6.502% of Monaf Investments, enhancing their stake in the Muchesu coal project in Zimbabwe. Already holding a 20.42% share, the Investor's increased ownership underscores their commitment to the project's development, alongside commencing royalty payments to Contango.

Invinity Energy Sys - UK LDES Cap & Floor to Open in April

Invinity Energy Systems plc announces the release of Ofgem's Technical Decision Document confirming final details of the UK LDES Cap & Floor scheme. This development highlights the role of Invinity’s flow batteries in long-duration energy storage, enhancing grid reliability. A two-month application window begins in April 2025, with Invinity ready to participate significantly.

Hochschild MiningPLC - Preliminary Results

Hochschild Mining announced a record financial performance in 2024, with revenue up 37% to $947.7 million and adjusted EBITDA up 54% to $421.4 million. Key milestones include the completion of the Mara Rosa mine, significant resource additions, and the introduction of a new dividend policy, reflecting a strong commitment to shareholder value.

Forterra plc - Full Year Results

Forterra plc reported stable revenue in 2024, totaling £344.3m. The company showed strong cash generation with an operating cash flow of £60.1m. Strategic investments at Desford, Wilnecote, and Accrington are progressing well. Despite market challenges, Forterra expects moderate recovery in 2025 and aims to capitalize on improved manufacturing capacity and stable pricing.

Hill & Smith PLC - Full Year Results

Hill & Smith PLC reports strong financial results for 2024, exceeding market expectations. The company achieved 5% revenue growth on a constant currency basis, with a 20% increase in underlying operating profit. Strategic US acquisitions and the divestment of non-core businesses enhance portfolio quality, while an updated operating framework and financial targets drive future growth potential.

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Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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