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UK small-cap RNS · 5 May 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. 07:44
    Quarterly NAV Announcement and Trading Update Trading update
    NAV per share fell 17.0% to 137.27p in the quarter, after a 3.7% fall the quarter before. Starling and Klarna write-downs drove 22.6p of the 28.1p drop, which the company attributes to market moves rather than operations.
    Disposal of a part (break-up) outlook mixedfirst in 2 year −6.3% on the day
    Moved: Shareholder consultation and structural review: New policy approved; self-managed transition under way → Orderly realisation under way; buyback total £117.0m · Klarna IPO lock-up: Lock-up running; disposal advice being taken → Klarna stake marked down to £41.8m · wefox funding requirement: Funding terms under consideration; valuation discount applied → Funded; runway to around end-2027 (closed)
  2. 07:00
    Year End Trading Update Trading update
    FY26 EBITDA of about £1.2m and cash of £2.1m confirm the cost reset, but revenue was flat and the Board says FY27 revenue will be lower after the churn.
    Turnaround plan with targets £5.9m · 92% of mcapoutlook mixedfirst since Oct 2023 +9.1% on the day
    Moved: Turnaround and churn reduction: New wins add recurring revenue; 12% ARR loss still unreplaced → FY26 profit restored; recurring base shrunk, growth awaited
  3. 07:00
    Year-end trading statement Trading update
    Positioning for growth through platform development and strategic partnerships
    first since Oct 2023 −10.7% on the day

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