Today's market updates highlighted robust performances and significant strategic moves, alongside a critical funding challenge. Wheaton Precious Metals and ME Group International both reported record revenue and profitability, with Coats Group maintaining a resilient outlook and Oxford Nanopore Technologies reaffirming its full-year guidance. Major strategic realignments included ITV confirming preliminary discussions for a potential £1.6 billion sale of its M&E business, Greencore Group securing CMA approval for its Bakkavor acquisition, and Canal+ expanding its media footprint with a key stake in UGC. However, Tissue Regenix Group revealed an urgent need for capital by November-end to avoid cessation of trading, despite securing indicative support for a convertible loan.
Oxford Nanopore Technologies ONT announced the postponement of its virtual investor seminar, citing an active CEO succession process. Despite this, the company reaffirmed its full-year 2025 constant currency revenue growth, expecting it to reach the top end of its previously stated 20-23% guidance range. All other financial metrics are reportedly tracking in line with expectations.
Regenerative medical devices company Tissue Regenix Group TRX issued a stark financial update, indicating a substantial backlog of creditors and critically low cash reserves. The company stated an urgent need to raise capital, approximately £5 million via a convertible loan note, by the end of November, warning it would be unable to continue trading without additional funding. Major shareholders have provided indicative support for the proposed fundraising.
Record REC, the specialist currency and asset manager, unveiled its unaudited half-year results, highlighting a new record in Assets Under Management, reaching $110.3 billion. Despite this AUM growth, management fees declined 8% to £17.5 million, attributed to client mandate terminations from the previous year. The company reported a profit after tax of £3.7 million and confirmed it maintained its interim dividend, alongside successful cost management efforts.
Wheaton Precious Metals reported record revenue, earnings, and cash flow for the first nine months of 2025, attributing the strong performance to its portfolio of high-quality assets. Randy Smallwood, Chief Executive Officer, emphasized the company's progress in its near-term growth strategy. The results underscore a period of robust financial achievement for the precious metals streamer.
Global industrial thread manufacturer Coats Group COA announced a resilient trading performance for the four-month period ending 31 October 2025, keeping its full-year expectations on track. Despite subdued market conditions and cautious customer ordering patterns, Group revenue decreased by 1% at constant exchange rates. The company successfully managed pricing pressures, flexed its cost base, and maintained operating profit at a similar level to the previous year, with improved margins consistent with H1 2025.
Instant-service equipment group ME Group International MEGP forecast another year of record profitability, with expected full-year revenue between £311 million and £318 million and profit before tax between £76 million and £79 million for FY2025. The company's Wash.ME laundry operations were a key growth driver, achieving double-digit revenue growth and a record 1,145 net laundry machine installations during the year. Cash generation and the balance sheet remained strong.
ITV ITV confirmed it is engaged in preliminary discussions concerning the possible sale of its Media & Entertainment business to Sky. Following recent press speculation, the UK broadcaster stated the potential transaction carries an enterprise value of £1.6 billion. The company cautioned that there is no certainty a deal will be agreed or completed, with further announcements to be made as appropriate.
The Competition and Markets Authority announced its provisional acceptance of remedies offered by Greencore Group GNC, paving the way for its proposed acquisition of Bakkavor Group. The accepted remedy involves Greencore selling its Bristol chilled soups and sauces manufacturing site, which generated approximately £47 million in revenue. This regulatory clearance enables the creation of a leading convenience food business, with the transaction now targeted to complete in early 2026.
Global media and entertainment company Canal+ Group confirmed the completion of its acquisition of a 34% minority stake in UGC, a historic French cinema player. The agreement includes a pathway to gain control of UGC from 2028, significantly expanding Canal+'s influence in the film exhibition sector. This strategic acquisition follows Canal+'s recent confirmation of effective control over MultiChoice Group, Africa's leading entertainment platform.