UK Equities Update: Spectris Finalised, Avon Secures MoD Contract, Safestay Reports Record Turnover

June 23, 2025 03:01 AM PDT | By Team Kalkine Media

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UK Equities Update: Spectris Finalised, Avon Secures MoD Contract, Safestay Reports Record Turnover — Image source: Shutterstock

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Highlights

Spectris LON:SXS confirms terms with an unchanged bid valuation and declared dividend

Avon Technologies LON:AVON receives a substantial MoD order for respirators destined for Ukraine

Safestay LON:SSTY posts record revenue driven by higher occupancy despite EBITDA decline

Precision instrument manufacturer Spectris (LON:SXS), listed on the FTSE 250, has announced the finalisation of its acquisition terms by private equity. The agreed valuation remains consistent with the earlier proposal made at the start of the month. The company’s board confirmed that shareholders will receive a dividend under the FTSE Dividend Yield Scan as part of the full-year distribution.

This transaction further contributes to the growing trend of UK-based industrial firms being taken private, with Spectris becoming the latest among mid-cap constituents to move off-market. The premium agreed compared to pre-announcement valuations reinforces ongoing sentiment around domestic undervaluation in the sector.

MoD Confirms Respirator Order with Avon Technologies

Specialist protective equipment provider Avon Technologies (LON:AVON), operating within the FTSE 350, disclosed a confirmed order from the UK Ministry of Defence. The contract, focused on respiratory equipment, is intended for deployment with Ukrainian forces and will be delivered during a future fiscal year.

The new agreement contributes to Avon’s growing backlog of defence-related work and underpins its role in delivering technical safety equipment for both domestic and allied international use. With consistent demand from government clients, the firm continues to maintain momentum in military and tactical product segments.

Safestay Delivers Record Revenues Amid Margin Pressures

Hostel and budget accommodation operator Safestay (LON:SSTY), listed on the FTSE AIM UK 50 INDEX, reported full-year figures showing peak revenue levels, primarily supported by strong occupancy trends across its network. While top-line performance reached a historic high, EBITDA figures saw a marginal decline over the same period.

The company attributed the decrease in operating margins to broader industry pricing pressures and ongoing inflation-related challenges, particularly in energy and staffing costs. Despite these headwinds, Safestay continues to attract sustained demand across key urban locations, with an uptick in international travel and tourism contributing to growth in occupancy metrics.

With an active strategy focused on operational efficiency, the company has reiterated its focus on leveraging customer volume rather than price increases to maintain competitiveness in the budget hospitality market.

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