UK small-cap RNS · 24 Dec 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

13:16

WH Smith SMWH £631m
Director/PDMR Shareholding Director dealing
12:00

Galileo Resources GLR £9.4m
Half-year Results Results
Half-year loss of £644,766 against a prior-year profit that came only from the Glenover sale. Exploration is progressing, with the Jubilee Molefe deal after period end, but no definitive Luansobe deal yet.

Disposal of a part (break-up) −2.6% on the day

Moved: Molefe drilling programme: Drilling started; 2 of about 10 holes done → Early drilling encouraging; sulphide beneath oxides · new: Luansobe third-party discussions – Talks ongoing; no definitive arrangement · new: Ferber Phase 2 drilling – Phase 1 complete; data integration next
07:00

Litigation Capital Management Limited LIT £0.4m
Adverse Costs Order in Class Action Investment
Court-quantified adverse costs of A$32.4m on the lost QLD Electricity class action leave an uninsured A$19.9m, of which LCM must pay A$12.9m, straining a company already in run-off and talking to its lender.

Sale process / strategic review outlook mixed3 profit warnings in 3 months – usually less than 1 −14.6% on the day

Moved: Strategic review: Talks with credible counterparties; lender covenant relief → Review ongoing; lender talks continuing · new: QLD Electricity Claim adverse costs – Costs quantified; appeal filed; costs appeal considered
07:00

Crimson Tide TIDE £6.4m
Customer Contracts Update
Crimson Tide plc (AIM:TIDE), the provider of the mpro5 process management app, announces that it has received formal notice from a significant customer, a major retailer (the "Customer"), that it intends to exercise a break clause in its existing contract …

Turnaround plan with targets outlook negative −17.1% on the day

Moved: Turnaround and churn reduction: Costs cut, back in profit, churn falling → Turnaround hit by loss of 12% of ARR
07:00

Supermarket Income Reit SUPR £1,141m
Acquisition of three supermarkets for £98 million
Completes £97.6m of three UK supermarket purchases, debt-funded at a 5.5% NIY, below the 6.4-7.4% yields of earlier deals. The company calls them earnings accretive, but pro-forma LTV rises to 43%.

Large acquisition / reverse takeover £97.6m · 9% of mcapoutlook positive4 acquisitions in 3 months – usually less than 1 +0.4% on the day

Moved: Debt-funded UK pipeline deployment: Asda deal agreed; JV transfer pending due diligence → Three UK stores completed; LTV pro-forma 43%
07:00

Tungsten West TUN £548m
Results for the six months ended 30 September 2025 Results
Feasibility study and prices well above study assumptions, but a £3.8m operating loss, £40.4m total loss from the CLN fair-value charge and only £1.0m cash leave funding dependent.

Project milestones 25% of mcapoutlook positivefirst since Oct 2023 −1.4% on the day

Moved: Hemerdon Project Financing: Advanced discussions; bridge loan agreed → Good progress; completion expected Q1 2026 · Convertible note conversion and B-Shares: Terms conditionally agreed; shareholder approval pending → Binding conversion agreement; approval pending · Bridge loan and funding dependence: Bridge facility agreed, first tranche available → Bridge partly deployed; going-concern uncertainty stated