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UK small-cap RNS · 21 Nov 2025

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

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  1. 07:00
    November Trading Update Trading update
    Kenya and Gabon sales are completed and TEN is ahead of expectations. However, 2025 production is at the low end, 2026 production is guided to 34-42 kboepd (against c.40.7 in 2025), and net debt is still c.$1.2bn.
    Project milestones outlook mixedfirst in 6 months −40.9% on the day
    Moved: Address all 2025 Notes and refinance the 2026 Notes: pending → changed – No refinancing of the 2026 Notes yet; Tullow is now pursuing an amend and extend and other liability management ahead of the May 2026 maturity. · Become low-debt: net debt below $1bn and gearing below 1x: pending → delayed – Year-end 2025 net debt is guided at c.$1.2bn, still above the sub-$1bn target. · Start Ghana drilling May 2025 and bring two Jubilee wells onstream in Q3 2025: pending → delayed – One Jubilee well came onstream in July; the second is now expected around year-end rather than Q3, with drilling recommencing in November.
  2. 07:00
    Trading Update Trading update
    NWF Group plc ('NWF' the 'Company' or the 'Group'), the specialist distributor today provides a trading update for the half-year ending 30 November 2025 (the "Period").
    below expectationsfirst since Oct 2023 −19.5% on the day
  3. 07:00
    Trading Statement Trading update
    FRP Advisory Group plc, a leading national specialist business advisory firm, announces a trading update for the half year ended 31 October 2025 ("H1 2026").
    in linefirst in 6 months +1.4% on the day
  4. 07:00
    Trading Update Trading update
    Trading update for the six months ended 31 October 2025
    in linefirst since Oct 2023 +1.8% on the day

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