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UK small-cap RNS · 28 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. 13:10
    Bodycote BOY £1,541m
    Holding(s) in Company Holding
  2. 10:10
    Holding(s) in Company Holding
  3. 08:39
    Holding(s) in Company Holding
  4. 07:00
    Vesuvius VSVS £1,093m
    Trading statement Trading update
    Four-month revenue and profit slightly ahead of last year at constant currency, with FY26 guidance only confirmed and H2 weighted. This is a confirmation, not an upgrade or 'ahead of expectations' beat.
    Turnaround plan with targets ahead of expectationsoutlook mixedfirst in 6 months −2.9% on the day
    Moved: Structural cost reduction programme: £17.8m delivered in 2025, ahead of expectations → on track; £55m cumulative by 2028 · MMS and PiroMET acquisition integration: integration proceeding well → integrating; synergies delivered as planned · Middle East disruption impact: impact difficult to assess → limited impact so far; volatile
  5. 07:00
    Landmark Minnesota Helium Legislation
    New gas extraction regulatory framework update supports development of the Topaz Project as Pulsar successfully concludes its Jetstream 3-7 exploration and appraisal program, advances production-well planning and responds to urgent demand for secure domestic …
    Project milestones outlook positivefirst since Oct 2023 +10.3% on the day
    Moved: Topaz multi-well drilling campaign: Seven wells drilled; logging underway, testing pending → Appraisal complete; production-well planning · new: Minnesota helium permitting framework – Law signed; rulemaking under way
  6. 07:00
    Update on Investigation, Interims and Auditors
    The Board investigation into the FY25 accounts is complete, so HY26 and restated FY25 results can follow and trading may resume. Findings, remediation and the results date are still unpublished, and the timetable has slipped.
    New CEO / reset +0.0% on the day
    Moved: CEO succession and conduct investigation: Investigation ongoing; shares suspended → Investigation complete; findings not yet published · FY25 accounts restatement and financial review: Shares suspended from 1 April; review ongoing → Investigation complete; results awaited, shares suspended
  7. 07:00
    Holding(s) in Company Holding
  8. 07:00
    Director/PDMR Shareholding Director dealing
  9. 07:00
    Operational Update
    Two WD-8 oil wells are onstream at about 175 bbls/d, in line with expectations, and the Cascadura compressor is on schedule. CR-3 remains restricted and its fix is delayed by the lack of a coiled tubing unit.
    Project milestones in lineoutlook mixed +0.0% on the day
    Moved: WD-8/WD-4 oil drilling campaign: Both wells drilled; completions underway → Both wells completed and producing (closed) · Carapal Ridge-3 completion and tie-in: Producing at low rate; inflow restriction → Awaiting coiled tubing unit; may defer · Cascadura development and compression: Compressor arrived; commissioning slipped to June → Installation progressing; commissioning June 2026
  10. 07:00
    Option Agreement over Eastside-Tango Project
    Option over the 30%-held Eastside-Tango project to KGHM brings small cash payments, a 0.6% net royalty and milestone payments, and shifts future funding to KGHM so Great Western can concentrate on tungsten.
    Project milestones outlook positivefirst since Oct 2023 +2.5% on the day
    Moved: new: Eastside-Tango option to KGHM – Option agreement signed; six-year option period · Pine Crow-Defender tungsten exploration: Assays confirmed; placing funds drilling → Major exploration campaign under way
  11. 07:00
    Q3 2026 Trading Update Trading update
    Q3 revenue flat at £34.8m after a weak H1, with revenue marginally ahead of expectations and profit only in line with consensus on mix. Stabilisation, not a recovery, so the effect is limited.
    Turnaround plan with targets ahead of expectationsoutlook mixedfirst in 9 months −2.0% on the day
    Moved: Commercial function overhaul: Restructuring under way; clearance closed, promotions made → Refreshed commercial function; Q3 revenue stable · CEO succession: Successor named; handover through to 26 October 2026 → Successor named; handover under way

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