UK small-cap RNS · 13 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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07:00

Conduit Holdings Limited Com Shs CRE £634m
Trading Update for Q1 2026 Trading update
Q1 premiums grew 4.9% and revenue 12.8%, but risk-adjusted rates fell (5)% (Property (9)%) and the investment return was only 0.3%, with an initial Middle East loss estimate booked.

5% of mcapoutlook mixedfirst in 12 months +2.1% on the day

Moved: $50m share buyback programme: Ongoing; $17.9m bought to 17 Feb 2026 → Previous programme substantially completed (closed) · new: New $50m share buyback programme – Board approved, subject to AGM approval · Portfolio repositioning towards excess of loss: Under way; retrocession enhanced, January renewals done → Retrocession enhanced; Casualty growth, Specialty cut
07:00

Gamma Communications GAMA £974m
AGM Trading Update Trading update
Trading is in line and FY2026 guidance is reiterated within the consensus range, with no upgrade or warning. Germany and Enterprise are strong, while UK SME headwinds persist.

in lineoutlook mixed +3.5% on the day

Moved: Takeover interest in Gamma: Offer period; preliminary talks with unnamed parties → Preliminary talks continue, offer period open · Share buyback programmes: FY2026 buyback under way; FY2027 intended → FY2026 buyback under way
07:00

Vistry Group VTY £806m
AGM Trading update Trading update
No formal raise: FY26 profit is to be towards the middle of analysts' £168m-£283m range. H1 profit is now significantly lower on earlier discounting, with H2 only in line with H2 2025.

Turnaround plan with targets below expectationsoutlook mixedfirst in 8 months −12.3% on the day

Moved: Complete £130m share buyback by the May 2025 AGM: delayed → missed – The remaining £130m buyback is paused to prioritise debt reduction, so it will not complete by the May 2025 AGM or at all for now. · Return to net cash: Target net cash c.£100m by year end → Target lifted; buyback paused; H1 debt higher · SAHP 2026-2036 grant allocations: Bidding open; Vistry bid being submitted → Bidding closed; notifications expected Q3
07:00

Getbusy GETB £40m
AGM Trading Update Trading update
SmartVault: the strategic control point in US tax preparation

first in 11 months +6.4% on the day
07:00

Marshalls MSLH £440m
AGM Trading Update Trading update
Four-month revenue is down 1% but in line with the Board's expectations, and full-year expectations are unchanged. After a 16% profit fall in 2025 and a CEO exit, this confirms the plan without an upgrade.

Turnaround plan with targets in line +2.9% on the day

Moved: Landscaping performance improvement plan: Savings and mix actions underway, £3m delivered in 2025 → Savings on track; share regained, volumes in line