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UK small-cap RNS · 10 Apr 2026

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. 16:25
    Disposal of Subsidiary
    Exits loss-making Veeuze (c£1.3m FY2025 loss, net liabilities c£1.1m) to stop losses and cash drain and focus on Building Lifecycle. Offsets: €1 upfront and a €1.5m loan to the buyer, a related party.
    Disposal of a part (break-up) outlook positivefirst since Oct 2023 +0.9% on the day
    Moved: new: Veeuze disposal and financing – Agreed; €1.5m loan to buyer outstanding
  2. 10:25
    Holding(s) in Company Holding
  3. 07:00
    Publication of 2025 Annual Report
    Net debt rose to $158.8m and the company is still talking to lenders about RCF covenant levels, so refinancing stress continues. No outcome is given.
    Legal & regulatory outlook mixed3 profit warnings in 3 months – usually less than 1 −0.9% on the day
    Moved: RCF covenant amendment talks: In discussions with lender group → Still in discussions with lender group · Moma Implementation Agreement extension: Constructive negotiations; arbitration still possible → Ongoing engagement with Government; near-term resolution sought
  4. 07:00
    Q1 2026 Palm Oil and Cashew Production Update
    The announcement never says 'ahead of expectations'. Q1 CPO output (-4.9%) and sales (-22.1%) were lower, but March output rose 21% and cashew volumes are well ahead, with management expecting Q2 to continue the trend.
    Segment turn ahead of expectationsoutlook positive +0.0% on the day
    Moved: Palm oil low-season recovery: High season started; February down 16.7% → High season under way; March output +21% · Cashew processing expansion: RCN season begun; full capacity in March → Processing normalised; RCN buying season underway
  5. 07:00
    Trading Update for the Quarter ended 31 March 2026 Trading update
    Q1 revenue in KZT rose 50% on 25% higher volumes and 20% higher prices, and market share rose to 16.0%. This extends the FY2025 growth, though the market itself grew only 2%.
    Project milestones +10.5% on the day
    Moved: Clinker line 6 capacity expansion: Decided; costed at USD 35m; financing and contractors pending → Implementation started; 80 contractors on site

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