TRADING UPDATES: Norman Broadbent hails record fees; Fairview sales up
The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Norman Broadbent PLC - London-based recruitment firm - Announces a trading update for the third quarter ended September 30. Net fee income climbs to a record £3.5 million in the quarter, up from £2.9 million the year prior, and £3.1 million in the previous three months. Notes it has secured seven net new fee earners year-to-date, consistent with an objective to invest in growth by increasing fee-earning capacity. Current work in progress supports a positive outlook for the final quarter of 2026 and into 2027, it says. Chief Executive Kevin Davidson comments: "Q3 has been a standout quarter, with a broad-based effort across the team helping us to achieve a new record level of quarterly NFI for the group. To do this over the summer months, and in a tough market, reflects our commercial focus and the value we gain through investing in our people. We are building on the record financial performance in 2025 and, with continued growth in new project awards in Q3, start the final quarter of this year in a good position with NFI momentum and robust levels of work in progress. Added to this, we also have the benefit of our new hires working towards their fee earning potential which builds our future NFI capability. We look ahead therefore with confidence, both in terms of delivering another strong NFI performance in Q4 to round off a successful 2026 and in building our committed and visible pipeline into 2027."
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Fairview International PLC - London-based operator of international schools following the International Baccalaureate curriculum - Expects revenue of around £5.9 million for the financial year ended June, up 11% from £5.3 million in the prior year. Growth reflects higher enrolments during the year and a shift in the mix of students across academic programmes. In addition, the company has continued to manage operating and administrative costs carefully, improving operating margins. New student enrolments for the academic and financial year ending June 2027 are in line with expectations, it says, while Malaysia's expanding expatriate community and "proactive" visa policies for international students present strong tailwinds. Fairview expects increased marketing efforts to drive further enrolment growth, it adds. Expects to release results for the financial year to June 30 in the second half of October.
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Georgina Energy PLC - helium, hydrogen and natural gas exploration and development company - Approvals for preliminary site inspections are currently under way, with civil engineering access and site evaluation planned to commence October 18, the firm says. All parties have agreed to the Aboriginal Land Rights Act terms, and Central Land Council and Traditional Owners approval meetings and discussions are progressing, with a final formal authorisation meeting planned for mid-November. Arrangements for the 100% acquisition of EP155 are underway, with settlement with Mosman Oil & Gas (now Quantum Helium Ltd) to be completed following the Northern Territory Minister for Mines & Energy's grant of the tenement. The seismic approval process is anticipated to be completed shortly, and drilling contractors have been contacted, with initial discussions undertaken with Ensign Energy Drilling and other contractors. CEO Anthony Hamilton says: "The planned site inspection will allow us to prepare the civil engineering works plans and environmental approvals which, similar to Hussar, will facilitate the arrival of a drill rig. The rig selection process has been initiated with Ensign Energy and other contractors. Further updates will follow as we work to expedite the company's planned Mt Winter prospect re-entry."
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Taylor Maritime Ltd - Guernsey, England-registered dry bulk shipping investor in managed wind-down - Plans a fourth return of capital of USD45 million in November by way of a partial compulsory redemption of ordinary shares. Further details are expected in the quarterly trading update due to be published later in October. This comes as Taylor Maritime announces the completion of the USD48.6 million sale of three handysize vessels. The company is in the process of disposing of the last vessel in the fleet, it adds.
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East Star Resources PLC - Kazakhstan-focused copper and gold explorer - Provides an update on exploration activities at the Rulikha copper project, being advanced through its joint venture with Kazakh company, Nova Ltd. Says all permissions for drilling on Licence 3631 have now been received. A drilling contract has been executed, and a drill rig has been mobilised to site, with drilling operations commencing on Monday, at no cost to East Star. Drilling is expected to initially comprise five drill holes across two target areas for 1,500 metres and is designed to verify historically logged mineralisation. In September, East Star signed a binding heads of agreement under which Nova will farm into Rulikha and advance it through development to production, at no further cost to East Star. East Star CEO Alex Walker says: "We are pleased to have received all required permissions and commenced drilling at Rulikha in short order. The current programme is expected to comprise five holes across Target Areas 1 and 2, which made up the bulk of the exploration target defined by historical drill logs that the JV aims to convert into a resource. We look forward to updating the market as the programme progresses."
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Andrada Mining Ltd - London-listed tin producer with critical minerals assets in Namibia - Announces assay results for the fifth batch of exploration diamond drill holes from the Lithium Ridge project. The data confirms substantial down-dip continuity and structural thickening of the targeted pegmatite swarms. The results demonstrate high-grade lithium alongside pervasive tin and tantalum mineralisation within the sub-intervals reported as 'including', Andrada says. The potential production of multiple revenue-generating commodities will enhance overall project economics and improve the operation's effective cost position, the firm adds. The project is being advanced under a strategic earn-in partnership with lithium producer SQM International. CEO Anthony Viljoen says the results highlight the "upside potential that remains to be explored across the licence."
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Capital Ltd - London-based mining services company - Announces that it has completed the acquisition of Metres Down Under Pty Ltd, an underground drilling company headquartered in Kalgoorlie-Boulder, Western Australia. This establishes an operating presence in the Australian drilling market, adds an established business with a strong management and operational team, and offers exposure to existing drilling contracts at major Australian mining operations. Capital pays AUD22 million in total, around USD16 million, comprising an upfront payment of AUD15 million and a milestone-based earn-out of up to AUD7 million. For the twelve months ending September 30, MDU generated revenue of USD25 million and adjusted earnings before interest, tax, depreciation and amortisation of USD6 million. Capital raises revenue guidance for 2026 to between USD435 million and USD455 million, from USD430 million to USD450 million previously guided, reflecting the consolidation of MDU's revenue into the group.
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