TRADING UPDATES: LendInvest swings to annual profit; Cizzle optimistic
The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Cizzle Biotechnology Holdings PLC - London-based life sciences company that develops and markets non-invasive blood tests for the early detection of lung cancer - Says it continues to work closely with its North American licensing partner Cizzle Bio Inc, with its proprietary test for the CIZ1B biomarker approved for use under Clinical Laboratory Improvement Amendments in the US. Executive Chair Allan Syms says: "The first half of 2026 represents probably the most important period in Cizzle's development since the company was founded. Our focus has been on transitioning from technology development and validation to commercial deployment, and we have delivered significant milestones towards that objective." He adds: "With US regulatory approval achieved, a strengthened patent portfolio and enhanced long-term commercial arrangements in place, we believe the company is well positioned to support the launch and expansion of the CIZ1B test within the US market while now focussing efforts on commercial opportunities in the UK and more widely."
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LendInvest PLC - London-based platform for property finance - Announces pretax profit of £3.2 million in the financial year ended March 31, swinging from a loss of £1.2 million a year prior. Net interest income surges 26% to £19.7 million from £15.7 million. Funds under management increase 6.8% to £5.48 billion from £5.13 billion. Looking ahead, Chief Executive Officer Rod Lockhart says: "The group enters FY27 with strong committed funding capacity, its largest lending pipeline to date, and a highly scalable operating model. Global events, and most recently the war in Iran, have driven an unexpected rise in swap rates since February 2026, and have halted the anticipated path of Bank of England interest rate cuts, increasing funding and lending costs across the market. While the duration of this impact remains uncertain and may moderate lending activity in the near term, the underlying fundamentals of our market remain attractive. Demand across our core products is resilient, professional landlord and specialist mortgage activity continues to provide significant growth opportunities, and our platform is well positioned to continue capturing and retaining that business at scale."
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PetroTal Corp - Calgary, Alberta-based oil producer - Says gross production averaged 12,557 barrels of oil per day in the second quarter of 2026, down 40% from 21,039 bopd a year ago. CEO Manuel Pablo Zuniga-Pflucker says: "PetroTal's operational performance remained strong in the second quarter of 2026. Our production is tracking approximately 3% ahead of budget through the first half of the year, and we also completed the sale of the Amazonia-1 drilling rig at the end of the quarter. This transaction, along with a constructive commodity price environment, helped support our cash balance as we gear up for an active capital program in the second half of the year."
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Zegona Communications PLC - London-based investor in European telecommunications and media companies and owner of Vodafone Spain - Announces first financial quarter figures for Vodafone Spain and Zegona Holdco. Says total revenue rose 2.3% to EUR916 million from EUR895 million a year ago. Earnings before interest, tax, depreciation and amortisation climbed 5.2% to EUR465 million from EUR442 million.
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