Pensana secures $100 million strategic investment for rare earth supply chain

Investing.com -- Restore plc (AIM:RST), the UK’s leading provider of secure and sustainable business services, announced Tuesday it is on track to deliver strong performance in FY25 and has raised its outlook for FY26.

The company reported continued growth in storage revenues during the 11 months ended November 30, with inflation-linked pricing now in place for most contracts. Restore has entered the final phase of its property consolidation program, taking on two new leases - a warehouse in Rainham with 0.3 million box capacity and another in Stroud with 0.4 million box capacity.

The integration of the digital scanning business into the Information Management division is largely complete, delivering annualized savings of over £5 million, about twice the original estimate. The division recently won a medical record scanning contract from North-West London GP Practices for 2026 delivery, and completed the acquisition of a scanning business from NEC Software.

Restore’s Datashred division saw strong revenue growth driven by increased visit numbers, stable paper prices, and four acquisitions in 2025. The Technology business has improved with leaner operations and a focus on larger customers.

The company announced the sale of Harrow Green to Pickfords for £5.5 million, with £2 million contingent on FY26 performance. Restore also completed a refinancing with a new five-year £150 million Revolving Credit Facility, providing additional balance sheet flexibility at improved pricing.

For FY25, Restore expects adjusted profit before tax for continuing operations to exceed current market consensus, which stands at £39.6 million. The company also anticipates exceeding its medium-term adjusted operating margin target of 20% on a continuing operations basis in FY25.

Looking ahead to FY26, despite an estimated £1 million increase in business rates following the Autumn Budget and the absence of Harrow Green’s contribution, Restore expects to continue exceeding its 20% adjusted operating margin target and deliver adjusted profit before tax ahead of the current market consensus of £46.5 million.

CEO Charles Skinner commented: "It has been a strategically busy year for Restore, with seven acquisitions and the disposal of Harrow Green. With strong management teams now in place at each of the Group’s three divisions, Restore is a simpler and more cohesive Group."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- India’s aviation regulator has directed IndiGo to reduce its flights by 5% on high-capacity routes during the winter season as the airline struggles with widespread cancellations that have caused travel disruptions.

The Directorate General of Civil Aviation (DGCA) issued a notice stating that IndiGo had planned to increase its departures by 9.66% compared to last winter.

The airline also scheduled a 6.05% rise in departures compared to its summer schedule.

"However, the airline has not demonstrated an ability to operate these schedules efficiently," the notice said. "It is directed to reduced the schedule by 5% across sectors, especially on high-demand, high-frequency flights, and to avoid single-flight operations on a sector by IndiGo."

The regulator specified that the cuts should not affect routes where IndiGo is the only airline operating.

The DGCA has requested the airline to submit a revised flight schedule by 5 p.m. local time on December 10.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.