TRADING UPDATES: Strix pauses buyback; GlobalData sees low-end profit
The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Hostelworld Group PLC - Dublin-based online travel agent focused on the hostel market - Leaves guidance unchanged as updates on trading in the six months ended June 30. Net revenue rises 12% year-on-year to EUR52.2 million with revenue per transaction of EUR14.9, up 11%. Net transactions total 3.8 million, 1% higher on-year, with an estimated 3% negative impact as a result of the conflict in the Middle East, with Asia and Oceania most materially affected. Demand in Europe and North America was more resilient, the firm says. First-half earnings before interest, tax, depreciation and amortisation total EUR8.2 million, up 11% from EUR7.4 million, with an adjusted Ebitda margin of 16%, flat year-on-year. "Our full-year guidance assumes that the disruption associated with the Middle East conflict eases through the second half and broader trading conditions normalise, with the contribution from our growth initiatives increasing as the year progresses," Hostelworld says.
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Strix Group PLC - Ronaldsway, Isle of Man-based supplier of kettle safety controls - Announces that it is pausing the £10 million share buyback programme launched in February. This follows completion of a £10 million tender offer in May and the appointment of Andy Rainforth as its new chief executive. "The board believes that a pausing of the share buyback programme is a prudent step as it assesses the group's strategy going forward," it says. Strix plans to announce a "full capital allocation framework, which will include strategic investment growth opportunities, later in the financial year, as part of a wider strategic update."
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Bango PLC - Cambridge, England-based digital payments firm - Says it remains confident of delivering 2026 results in line with market expectations after reporting "strong recurring revenue growth and improved profitability" in the six months ended June 30. Total revenue in the first half is expected to be USD25.9 million, up 2.8% from USD25.2 million a year ago, in line with management expectations. Subscriptions revenue increase 13% to USD12.3 million from USD10.9 million, annual recurring revenue grows 31% to USD20.4 million from USD15.6 million. Expects adjusted earnings before interest, tax, depreciation and amortisation to be at least USD9.0 million, up 34% from USD6.7 million a year ago, reflecting "higher quality revenue and the FY25 efficiency initiatives." "Since noting a more cautious macro backdrop earlier in the year, we have continued to see resilient customer demand and sales execution," Bango says. "We have entered the second half of the financial year with confidence in both our strategy and in our ability to deliver FY26 in line with expectations," firm adds.
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GlobalData PLC - London-based data analytics and consultancy - Warns full year adjusted Ebitda will be at the low end of consensus, as it announces a trading update, acquisition and a proposed tender offer. For the six months ended June, GlobalData expects to report revenue growth of around 3%, which includes underlying revenue growth of around 1%. It expects to report contracted forward revenue growth of around 6%, which includes underlying growth of 1%. This reflects a "challenging macro-economic backdrop in which sales cycles have elongated industry wide, as well as the ongoing embedding of key investments and transformation across the business," firm says. For the first half, Global Data expects adjusted Ebitda of 4% to 5% on-year but it projects full year adjusted Ebitda at the low end of consensus, reflecting planned actions in the second half to accelerate margin. "The first half of 2026 has been a period of progress, albeit one where the pace of revenue growth has been challenging," says Chief Executive Mike Danson. In addition, the firm plans to launch a £30 million tender offer on Friday 10, taking the total amount of capital returns for the year to £45 million. Further, GlobalData says it completed the acquisition of Cambridge Healthcare within the Healthcare division in the period and says it continues to "actively" pursue M&A opportunities. GlobalData says it plans to set out further details on the next stage of its "value creation plan" alongside half-year results in September.
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Brooks Macdonald Group PLC - London-based wealth manager - Reports net inflows of £167 million in the three months ended June 30, the fourth quarter of its financial year, the strongest quarter in the year and the third consecutive quarter of increasingly positive net flows. This takes inflows for the financial year to £226 million, a "significant turnaround" from net outflows of £396 million in financial 2025, which Brooks Macdonald says "demonstrates the success of our Reignite Growth strategy." Total funds under management & administration increase to £21.7 billion at June 30 from £19.1 billion the year before. Says it will no longer charge fees on cash in discretionary funds with effect from the start of July, reflecting an "evolving regulatory environment", but notes cash represents an "immaterial share of our discretionary portfolios". Anticipates full year 2026 financial performance will be in line with market expectations.
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