(Alliance News) - 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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React Group PLC - Birmingham, England-based cleaning, hygiene and decontamination firm - Says "positive contract win momentum" continues and React notes "good sales growth in all three divisions of the business". Executive Chair Mark Braund says: "LaddersFree, one of the largest commercial window cleaning businesses in the UK, continues to have strong sales performance with recent notable contract wins including a prestigious nationwide furniture retailer and another restaurant group with some of the UK's best known brands." Braunds adds that "Fidelis experienced a slightly slower start to the year but has since won some significant new contract awards". The company's React business "has won new contracts to carry out high-end cleaning projects" for firms including management businesses, schools and universities.

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Cindrigo Holdings Ltd - clean energy producer - Signs deal with Abu-Dhabi based energy company Petroline Energy LLC for possible financing of up to GBP75 million to go towards Cindrigo's development and construction of geothermal projects. Cindrigo adds: "Cindrigo and Petroline aim to develop further geothermal power plants in Croatia, the Pannonian Basin and potentially at other suitable locations. The agreement sets out a process for due diligence to ensure an efficient review and deployment of financing for new projects, where Petroline will have a first right up to GBP75 million to make such required investments. Petroline are in discussion to form a consortium for its potential investment alongside other potential clean energy investors in the Middle East and other jurisdictions." Petroline will be entitled to appoint one member to Cindrigo board.

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Future Metals NL - platinum exploration company - Reports "high-grade mineralisation" found at 350 metre step out hole in Panton project in Australia. Future lauds "intersections demonstrating significant PGM and sulphide mineralisation" and adds that testing of possible nickel sulphide targets is underway.

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Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Reports "significant increase" in mineral resource estimate for Gilar deposit. Asset now contains over 249,000 ounces of gold, 46,000 tonnes of copper, and 48,000 tonnes of zinc. Anglo Asian adds: "Further encouraging drill results have increased the size of the deposit and provide additional confidence regarding the mineralisation. The latest drill results further validate the decision to start the construction of an underground tunnel at Gilar for exploration and production."

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Wynnstay Group PLC - agriculture supplies firm - Says trading in first four months of new financial year "broadly in line with management expectations". Entering "most important period in its first half" amid seasonally higher farmers purchases. "As expected, the group's fertiliser blending activity at Glasson has had to contend with the reversal of the spike in urea and ammonium nitrate prices, which are now close to the pre-exceptional levels of late 2021. While this reversal has impacted margins, Glasson has managed the volatile period well and is now replacing its fertiliser raw materials at these more sustainable levels," company adds. "Cost management remains a factor for farmers and while input pricing pressures are decreasing, some farmgate prices are also reducing."

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Graft Polymer (UK) PLC - London-based company focused on the development and production of polymer modification, biological supplements, and nano-drug delivery systems - Notes MGC Pharmaceuticals Ltd announcement of ArtemiC product being listed as an over-the-counter, non-prescription drug in the US. ArtemiC has been listed on FDA's national drug code database. "This listing on the NDC further endorses the importance of GraftBio's drug delivery systems in pharmaceutical products," Graft Polymer says.

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Renalytix PLC - kidney health-focused diagnostics company - Says regulatory process with Food & Drug Administration for KidneyIntelX de novo marketing authorisation application continues at "advanced stage". "The FDA will prepare a reclassification order and pursue certain internal processes for this class of test prior to communicating the final decision," Renalytix adds. FDA is working towards decision date by the end of second quarter later than previous indications of end of first quarter, Renalytix adds. Company says: "Based on recent interactions with the FDA, while there can be no guarantees, management remains optimistic and is working diligently with the FDA towards a successful outcome."

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Looking Glass Labs Ltd - specialises in metaverse, play-to-earn tokenisation and blockchain monetisation - Sells GenZeroes Productions Inc, GenX smart contract and all associated intellectual property to GenZeroes Universe Inc. GenZeroes Productions is a producer of a live-action series in science fiction genre. As consideration, Looking Glass receives CAD800,000, around GBP477,507, promissory note bearing an interest rate of prime rate plus 1% and a five-year term to maturity. There is an option to extend note by further 5%. "The company shall also retain a 50% royalty in perpetuity on all net proceeds from the entity GenZeroes Productions Inc, which relates to the already completed first season of the GenZeroes series. The note shall be secured against the shares of GenZeroes Productions Inc and the related IP," Looking Glass adds.

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Axiom European Financial Debt Fund Ltd - investor in subordinated debt market of European banking and financials sector - Says manager estimates impact of Credit Suisse Group AG write-off to be 0.4% of net asset value. NAV per share as at March 20 stood at 87.37 pence per share.

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CT Property Trust Ltd - real estate investment trust - Net asset value per share slumps to 95.4 pence at December 31 half-year end, from 132.8p at June 30. Chair Davina Walter says: "2022 was a year characterised by geopolitical challenges as inflationary pressures led to rising interest rates amidst slowing economic growth. The second half of the year was marked by economic events closer to home, with September's mini budget the catalyst for October 2022 being the worst month of capital performance from the UK real estate market on record, closely followed by November 2022 as the second. The end of a prolonged period of loose monetary policy has seen a rapid pricing correction across the real estate markets, causing illiquidity and uncertainty that has spilled over into the start of 2023, albeit with a tentative air of optimism amid initial indications of stabilisation in parts of the market. Portfolio delivers total return of negative 22% over the six-months, underperforming the MSCI UK Quarterly Property Index return of negative 16%.

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New Star Investment Trust PLC - invests in equities, bonds, commodities, real estate, currency and other markets - Net asset value per share at December 31 half-year end falls 0.6% to 173.50p from 174.56p at end of June. Total return for six months is 0.2%, falling short of IA Mixed Investment 40-85% Shares, MSCI AC World Index (total return, sterling adjusted) and MSCI UK Index (total return), which return 0.9%, 3.5% and 5.4%, respectively. Proposes a 0.90p per share interim dividend, versus none proposed a year earlier.

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By Eric Cunha, Alliance News news editor

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