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UK small-cap RNS · 12 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.

  1. 17:01
  2. 16:00
    Update on Timing of Publication of Scheme Document
    On 14 April 2026, the board of directors of Permanent TSB Group Holdings plc ("PTSBGH") and the management board of BAWAG P.S.K.
    Takeover target −2.1% on the day
  3. 14:14
  4. 11:56
    Business Update
    Pre-AGM update shows Kilada offers, Apollo Heights nearing closing and cost cuts. Against that, Paphos land sales stalled after the Iran conflict, Livka Bay needs more work and Cyprus tax disputes continue.
    Disposal of a part (break-up) outlook mixedfirst since Oct 2023 +1.1% on the day
    Moved: Asset sales and capital return: Sales agreed; awaiting Cyprus tax clearances → Apollo Heights final stage; Aristo €11m awaits tax clearance · Kilada sale and development: Formal marketing since November 2025 → Non-binding offers received; initial due diligence done · Iran war slowing Cyprus sales: Sales processes slowed → Paphos land sales progress limited
  5. 10:36
  6. 10:13
  7. 07:00
    Half-year Results Results
    Reinstates FY26 adj. PBT guidance of £18m-25m after suspension, removing uncertainty, but the range is well below the earlier £39m-43m guidance, so it is a cut, not a true upgrade.
    Upgrade / downgrade cycle outlook mixed, loweredfirst in 12 months −18.2% on the day
    Moved: Return B2B channel to profitability after structural changes.: pending → changed – The B2B exit is complete and the Group is focused on B2C online only, so a B2B return to profitability is no longer the aim. · Middle East conflict demand slowdown: FY26 guidance suspended; impact unquantified → Guidance reinstated lower; demand stabilised, still subdued
  8. 07:00
    2026 AGM Trading and Operations Update
    Four-month production of 5,561 boepd sits within the raised 2026 guidance, and the Vietnam wells are producing as expected. Management expects the higher end of the range, and realised prices are far above January levels.
    Disposal of a part (break-up) in lineoutlook positive +2.6% on the day
    Moved: Vietnam six-well drilling programme: Three infills drilled; TGT-18X testing; CNV-5X drilling → Five of six wells drilled; CNV-5X drilling · Egypt concession and work programme: Concession approved; El Fayum rig secured; ratification pending → Six-well drilling campaign commenced; first rig on location · Blocks 125 & 126 farm-in: Formal farm-out process ongoing; discussions continue → Discussions continue with potential farm-in partners
  9. 07:00
    AGM Trading Update Trading update
    Q1 trading and full-year 2026 expectations are confirmed after the 2025 profit warning, but Q1 profit was behind last year and recovery is weighted to H2, so no relief beyond confirmation.
    Turnaround plan with targets in lineoutlook mixed +0.0% on the day
    Moved: Pitreavie incident and investigation: Investigation ongoing; no provision; £1.2m equipment due Q2 2026 → Equipment due Q2; temporary outsourcing weighs on Q1 · Distribution performance improvement: 2026 efficiency and sales actions planned → Restructuring done; organic growth emerging · new: Share buyback programme – £2.6m of £4.0m spent; extended to end-2026
  10. 07:00
    New Gulf of Mexico Lease Award with Super Major
    Third Gulf of Mexico offshore lease with a super major adds recurring rental and media revenue, about $850K in FY2026 and ca. $1.5m a year, backing the Produced Water refocus.
    Transformational contract / build-out outlook positivefirst in 6 months +12.1% on the day
    Moved: new: Gulf of Mexico offshore lease contracts – Third lease commenced; recurring rental under way
  11. 07:00
    IWG IWG £1,745m
    First Quarter Trading Statement Trading update
    Q1 shows revenue growth of 4%, Company-owned RevPAR back to +6% after a 5% fall in FY2025, and faster signings, with FY2026 guidance only maintained; the Company-owned recovery flagged in March is now showing.
    Capital return outlook positivefirst in 6 months −0.5% on the day
    Moved: Managed & Franchised network build-out: Record 2025 signings and openings; pipeline 227k rooms → Q1 signings 382, openings 222, pipeline 231k rooms · Share buyback and convertible repayment: 2026 buyback raised to $100m; convertible largely repaid → $100m announced; $75m returned so far
  12. 07:00
    FY26 Trading Update Trading update
    EBITDA lands marginally ahead of the already-cut £5.1m consensus, so it only confirms the February warning. It is still below FY25's £6.6m, so this is no upgrade.
    Disposal of a part (break-up) ahead of expectationsfirst in 9 months −1.6% on the day
    Moved: FY26 EBITDA guidance cut; FY27 consolidation year: Profit warning issued → FY26 EBITDA marginally above cut consensus; FY27 in line · Boom negative LFL and Christmas trading: Festive LFL -7.2%, weakness continued into January → Full-year Boom LFL -8%, slightly better than sector -9%
  13. 07:00
    Trading Statement Trading update
    Group LFL slipped to (0.1)% from 4.7% in Q4 as wet weather hit outdoor Retail, and D&I ordered sales dipped. Guidance is held at consensus, so the profit step-up now relies on a later recovery.
    Segment turn outlook mixed −12.0% on the day
    Moved: Design & Installation recovery: Five quarters ordered growth; H2 delivered LFL +6.1% → Delivered sales up four quarters; ordered value slightly lower · Store openings and SaaS investment: 5 new stores, 11 refits; 300-store ambition → Pipeline being secured; three stores refreshed · new: Retail outdoor demand weakness – Retail LFL negative on wet weather
  14. 07:00
    Strategic update: South African operations
    Board will explore a sale of the profitable South African business, completing the shift to a capital-light UK and European brand group after the Johnson Tiles exits and the Fibo deal.
    Disposal of a part (break-up) outlook positive +1.7% on the day
    Moved: new: Sale of South African operations – Board exploring sale options; process just starting
  15. 07:00
    Corporate Finance Update
    Board is evaluating project-level equity, sale of one or more subsidiaries and possibly a sale of the Group, to ease high leverage; nothing is agreed and outcome is uncertain.
    Balance-sheet stress / refinancing outlook positivefirst since Oct 2023 +11.8% on the day
    Moved: new: Debt restructuring and strategic options – Book build for New Bond started
  16. 07:00
    Trading update Trading update
    Board only confirms full-year adjusted PBT in line with market expectations. In March it guided 'slightly ahead', so the upgrade stance is not repeated; the wording is softer, though trading is called robust.
    Capital return £3.5m · 1% of mcapin lineoutlook positivefirst in 12 months −1.1% on the day
    Moved: Share buyback programme: Announced with FY25 results → Launched, progressing to plan

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