EARNINGS AND TRADING: UK Oil & Gas to collaborate with Wales & West Utilities
The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
----------
Kakuzi PLC - Nairobi-based plantation operator - Sales rise to KSH5.37 billion or £30.7 million in 2025, from KSH4.79 billion in 2024. Company flips to pretax profit of KSH568.4 million, against a KSH166.7 million loss, and to earnings per share of KSH19.77 from a KSH6.72 LPS. Kakuzi proposes a final dividend of KSH16 per share, up from KSH8 per share.
----------
Maven Income & Growth VCT 5 PLC - London-based investment firm focused on long-term capital appreciation - Net asset value is 30.96 pence per share as of November 30, down from 32.39p one year prior. NAV total return increases to 86.21p from 85.39p. Company says £5.5 million was deployed in new and follow-on investments, with ‘a further two profitable private company exits completed during the year.’ Proposes a final dividend of 0.30p per share, bringing the annual dividend to 2.05p. Chair Graham Miller says: ‘With good levels of liquidity, your company is well placed to continue to deliver growth in the year ahead...The priority for the year ahead will focus on further expanding and developing the portfolio, while progressing those exits that optimise shareholder value and generate cash proceeds to support the dividend policy.’
----------
UK Oil & Gas PLC - London-based energy company - Clean energy subsidiary UK Energy Storage signs a memorandum of understanding with Wales & West Utilities Ltd. Deal sets out both parties’ intention to collaborate, with the aims of linking WWU’s HyLine South West hydrogen pipeline with UKEn’s salt-cavern storage in South Dorset, England; making a potential future joint submission for revenue support through the UK government’s Hydrogen Transport & Storage Business Model allocation round process; and working together ‘to promote the development of hydrogen pipelines, storage and the wider hydrogen network in the South West and across WWU’s wider operating area.’ WWU is ‘the principal gas pipeline operator in Wales and the South West’ with around 7.5 million customers. UK Oil & Gas says the MoU, by adding potential regional pipeline connectivity to the South West region, complements UKEn’s MoU with National Gas announced on October 1.
----------
AO World PLC - Bolton, England-based consumer electronics seller - Completes buyback programme announced on September 17, with 127,661 shares repurchased for cancellation on Monday and Tuesday. Says it has bought back 9.7 million shares in total since commencing the programme.
----------
Seascape Energy Asia PLC - Southeast Asia-focused exploration and production company - Announces retail offer through the issue of up to 1.2 million new shares at 70 pence each. Earlier on Wednesday, Seascape announced that it had completed a placing and subscription to raise £4.2 million at the same price. Issue price represents a discount of around 11.4% to its closing mid-market price of 79p on Tuesday.
----------
Copyright 2026 Alliance News Ltd. All Rights Reserved.