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UK small-cap RNS · 14 Jul 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. 17:00
    Director/PDMR Shareholding Director dealing
  2. 16:29
    Financial Report to 31 December 2025 - Replacement
    Only indicative, non-binding heads of terms for a minimum £500,000 equity subscription, conditional on shareholder approval to issue shares. It would fund a shell with no target, but is not yet committed.
    Cash shell / net cash above market value £0.5m · 100% of mcapoutlook negative, loweredfirst in 1 year +0.0% on the day
    Moved: Wind-down and search for acquisition: Shares suspended; FY25 results expected by end June → Annual report published; no target under diligence · Proposed convertible loan note fundraising: Non-binding heads of terms signed → Non-binding heads of terms; now described as equity subscription
  3. 13:29
    Ruvuma Operations and Corporate Update
    Operator APT proposes a significant cut to the 2026 budget, which would delay first gas and the Chikumbi-1 well. This undermines the on-schedule September 2026 pipeline story, though Aminex has not approved the change.
    Project milestones outlook negative, loweredfirst since Oct 2023 −41.2% on the day
    Moved: Ntorya gas field development: Pipeline under construction; CH-1 drilling preparations → Operator seeks budget cut; first gas delay threatened
  4. 13:28
    Luansobe Licence Update
    Luansobe's two licences have vanished from the Zambian cadastre, putting Galileo's 75% earned interest at risk. Advanced talks with third parties are on hold, and it now depends on court and regulator outcomes.
    Legal & regulatory outlook negativefirst since Oct 2023 −38.2% on the day
    Moved: Luansobe third-party discussions: Talks ongoing; no definitive arrangement → Talks put on hold after licence loss · new: Luansobe licence cancellation dispute – Court challenge filed 30 June; injunction against Mopani
  5. 10:00
    Director/PDMR Shareholding Director dealing
  6. 07:00
    Production Report Q3 2026 ended 30 June 2026
    PGM output rose 15.5% on the quarter to 39.6 koz on recovery from weather disruption, but chrome fell 2.5% and the PGM basket price dropped 11.8%. Net cash fell to US$10.7m on Karo and underground spend.
    Project milestones in lineoutlook mixed3 signals in 3 months – usually less than 1 −0.9% on the day
    Moved: Tharisa Mine underground development: Contractor appointed; first portal under development → Portal development on time and on budget · Karo Platinum Project build-out: Open pit clearing started; contractor mobilised → Mining contractor mobilised; waste stripping underway
  7. 07:00
    Director/PDMR Shareholding Director dealing
  8. 07:00
    Continued Positive Trading
    No new guidance figure is given. The CEO says trading is positive through June and July, which backs the FY27 double-digit EBITDA growth guidance from 16 June. The 'two upgrades' he cites refer to earlier updates.
    Upgrade / downgrade cycle ahead of expectationsoutlook positive +5.0% on the day
    Moved: Equity fundraise and lender covenants: Net debt £93.2m, 1.75x; target below 1x → Deleveraging reiterated; disposals and licensing floated · Marketplace turnaround: FY26 audited; growth and cost-out continuing → Trading positive in June and July
  9. 07:00
    FY26 Results Results
    "FY26 was a year of strong execution against a complex operating backdrop.
    Upgrade / downgrade cycle ahead of expectationsfirst in 1 year +0.0% on the day
  10. 07:00
    Full Year Trading Update Trading update
    Strong underlying operating profit - ahead of expectations
    Upgrade / downgrade cycle ahead of expectationsfirst in 9 months +2.2% on the day
  11. 07:00
    Operational Update, Off Take & Mineralogical Study
    Plant now in sustained production with in-spec magnetite and three clients, but throughput is 2.5-3.5 tph against a 5 tph design and the company still reports no revenue figures.
    Project milestones outlook positive +26.3% on the day
    Moved: DMS Plant production ramp-up: Plant reconfiguration nearing completion; first deliveries imminent → Sustained production reached; tuning to 5 tph
  12. 07:00
    Final Results Results
    Adjusted profit before tax of $0.2m against $8.7m confirms the April warning, driven by straight-line revenue recognition and weak new business. Revenue and cash came in slightly ahead of the April figures.
    Upgrade / downgrade cycle below expectationsoutlook mixedfirst in 7 months +10.8% on the day
    Moved: New business and logo wins: FY26 new business underdelivered; changes made → Go-to-market restructured; two logos won since year-end
  13. 07:00
    Q2 2026 Trading Update Trading update
    H1 matches Board expectations, but Q2 fees fell 4% after Q1's 2% fall and March's 5% rise, so the recovery eased; June was only +1%.
    Upgrade / downgrade cycle in lineoutlook mixed −8.2% on the day
    Moved: Cost savings and portfolio management: Cost run rate cut further; headcount flat → Run rate c.£23m; headcount down 3% in Q2 · Market recovery and 2026 NFI: Q1 in line; guidance unchanged, March fees up → H1 in line; Q2 slipped to -4%
  14. 07:00
    Genus GNS £1,504m
    FY26 Trading Update – Ahead of expectations Trading update
    Third guidance raise this year: FY26 adjusted PBT of about £98m is moderately ahead of the £95.5m consensus midpoint, helped by PIC strength in Asia and Latin America and ABS cost savings.
    Segment turn £98.0m · 7% of mcapahead of expectationsoutlook positive, raisedfirst in 7 months +3.7% on the day
    Moved: China porcine joint venture: Formed 31 Jan 2026; PIC China deconsolidated → Completed; c.£111m net cash received in Q4 (closed) · ABS second-half recovery: VAP ahead of plan; H1 ABS profit up → Double-digit H2 profit growth; demand softer · new: PIC North America disease – Weaker H2 performance from customer disease
  15. 07:00
    Q3 Trading Update Trading update
    Q3 net inflows of £1.0bn extend a run of six quarters above £1bn, and a market rally lifts FUD to a record £85.5bn. Net inflows and the annualised rate are below last year.
    Turnaround plan with targets outlook positive −1.3% on the day
    Moved: Group-wide cost review implementation: Progressing in line with guidance; savings weighted to H2 → Reiterated; savings weighted to H2 FY26
  16. 07:00
    Trading Statement Trading update
    H1 revenue up 15% to £2.4m and adjusted EBITDA of £0.2m against a prior loss show the cost reset and refocus working. Management says it is comfortably in line with FY26 expectations.
    Segment turn £2.4m · 36% of mcapin lineoutlook positive +10.3% on the day
    Moved: Turnaround and refocus on core markets: Cost reset delivered; shifting to ARR growth → H1 revenue and EBITDA up; ARR flat

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