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UK small-cap RNS · 27 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.

Sort: Newest · Largest companies

07:36

Zenith Energy LTD.Com Shs ZEN £29m
Unauthorised sale of Tunisian Crude Oil
ETAP sold 3,987 barrels of EPT oil stored at MARETAP without authorisation and says no proceeds will be paid, a further loss for the Tunisian business that is already in arbitration with the authorities.

Legal & regulatory +1.3% on the day

Moved: new: Tunisian authorities dispute and oil confiscation – Unauthorised sale; legal remedies being pursued
07:00

Fulcrum Metals FMET £9.0m
Final Option Payments Made Re Teck-Hughes
Final CAD$275,000 option payments exercise the option, giving Fulcrum 100% of Teck-Hughes tailings, subject to a 3% NSR royalty that can be bought back to 1.5%. This secures the asset ahead of development.

Project milestones outlook positivefirst since Oct 2023 +0.0% on the day

Moved: new: Teck-Hughes tailings project development – 100% interest secured; evaluation next
07:00

Andrada Mining Limited ATM £143m
Half-year Results Results
Higher volumes, tin price and a 26% cut in admin costs narrowed the operating loss by 35% to £0.9m, but the company is still loss-making and growth projects have slipped.

Project milestones £12.2m · 9% of mcapoutlook mixed3 business updates in 3 months – usually less than 1 −4.3% on the day

Moved: new: Uis Ore Sorter project – Reengineered; long-lead items procured; delayed · new: Jig Plant and third-party ore – Built; commissioning hampered; ore supply halted · new: Uis lithium expansion – TEA done; seeking offtake and development partners
07:00

Pennon Group PNN £1,747m
Half-year Results Results
Half-year swing to £65.9m statutory pre-tax profit from a £38.8m loss, driven by cost savings and higher water revenue, with full-year underlying EBITDA guided up c.60%. The interim dividend of 9.26p is 4.1% higher in line with CPIH.

Transformational contract / build-out in lineoutlook positivefirst since Oct 2023 +4.4% on the day

Moved: new: K8 capital investment programme – Over 1,000 schemes underway; over 60% of programme in progress · new: Pennon Power build-out – Aberdeenshire energised; Fife in final commissioning · new: Wastewater pollution reduction plan – Pollutions halved; storm overflow spills cut c.45%
07:00

Blencowe Resources BRES £31m
JORC Resource Upgrade
Major JORC Resource & Reserve Upgrade at Orom-Cross

Project milestones outlook positive −7.5% on the day

Moved: Orom-Cross DFS and JORC update: JORC due in ~2 weeks; DFS targeted late-November → JORC delivered; DFS imminent · Lyan and Beehive exploration assays: Updates now expected post-DFS → Awaiting post-DFS JORC expansion (2026)
07:00

Macfarlane Group MACF £124m
Trading Update Trading update
Confirms FY2025 guidance set after the 22 October warning; no new cut, but no recovery of the earlier shortfall. Pitreavie restart is being funded with £1.2m of new equipment.

Turnaround plan with targets in linefirst in 6 months +10.6% on the day

Moved: Pitreavie incident and investigation: Site operations suspended; investigation ongoing → operations gradually recovering; £1.2m equipment committed · Distribution performance improvement: H2 recovery slower than expected → improvement actions being implemented · new: Pension scheme buy-in – positioning for possible buy-in
07:00

Boohoo Group DEBS £400m
Results for the six months ended 31 August 2025 Results
Adjusted EBITDA edged up to £20.0m and all brands are now profitable, with statutory loss cut to £3.4m. Debenhams is growing, but Youth Brand GMV fell 41% and group revenue fell 23%.

Disposal of a part (break-up) outlook positivefirst since Oct 2023 +57.8% on the day

Moved: new: Marketplace turnaround – Under way; all brands EBITDA-profitable · new: Disposals and warehouse exits – Daventry exited; Burnley sale in process · new: Rename to Debenhams Plc – Pending shareholder agreement
07:00

Palace Capital PCA £30m
Half-year Results Results
Adjusted PBT fell to £1.1m and EPRA NTA slipped 2.8% to 244p on lower income after disposals and one-off redundancy costs, but admin costs are falling and disposals are progressing.

Disposal of a part (break-up) £10.0m · 33% of mcapoutlook positive +1.0% on the day

Moved: new: Portfolio disposal and capital return – Halifax under offer; Leamington Spa, Exeter being marketed · new: St James's Gate Newcastle refurbishment – £1.3m contract placed for two floors
07:00

Kazera Global KZG £17m
Update on Aftan
Strong industry interest and ongoing progress on arbitration enforcement

Legal & regulatory first since Oct 2023 +3.6% on the day

Moved: new: Aftan arbitration award enforcement – Award granted; Hebei challenging; enforcement ongoing · new: Aftan mine third-party interest – Two parties advanced under NDA; one preliminary
07:00

VP VP. £207m
Half-year Results Results
Solid first half performance, despite challenging market backdrop.

New CEO / reset £22.0m · 11% of mcapin lineoutlook mixedfirst since Oct 2023 −5.8% on the day

Moved: new: Brandon Hire Station repositioning – Announced; execution under way · new: CEO succession – Recruitment in progress
07:00

Facilities by ADF ADF £11m
Trading Update Trading update
FY25 results expected broadly in line with expectations (revenue £42.6m, adjusted EBITDA £10.0m); H2 activity lifted revenue and margin, but £1.7m exceptional costs and cost-cutting show a business under strain.

New CEO / reset in linefirst since Oct 2023 +3.3% on the day

Moved: new: Cost reduction and integration – Actions under way, savings expected FY26 · new: Permanent CEO and CFO appointments – Recruitment at advanced stage