Situations
Where money or control changes hands at a UK small cap – takeovers, disposals, capital returns, activists, stake building, refinancings. Each one followed from the first announcement to the outcome.
Results and guidance ahead of or below expectations, upgrades and profit warnings.
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Profit outlook Celebrus Technologies CLBS£19m
New business and logo wins
The go-to-market restructure (Marketing, Sales, Customer Success) was meant to fix FY26's new business shortfall.
Direction below expectations / warningReaction on the day −40%In 12 months 2 statements in the same directionNext H1 FY27 results and presentation 8 Dec · in 42 days -
Profit outlook Saga SAGA£1,165m
Profit upgrade
Saga raised its guidance on 30 Sep 2026; the shares moved +23% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +23%In 12 months 3 statements in the same direction -
Profit outlook MyCelx Technologies Corporation MYX£12m
Middle East conflict exposure
Impact on 2026 business was not assessable in May. In July several large Middle East projects were expected within six months.
Direction below expectations / warningReaction on the day −20%In 12 months 1 statement in the same directionNext Middle East purchase order award for the delayed project -
Profit outlook RentGuarantor Holdings PLC RGG£174m
Profit upgrade
RentGuarantor Holdings PLC raised its guidance on 1 Oct 2026; the shares moved +18% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +18%In 12 months 3 statements in the same direction -
Profit outlook TPXimpact Holdings TPX£90m new
Profit upgrade
TPXimpact Holdings raised its guidance on 15 Oct 2026; the shares moved +17% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +17%In 12 months 2 statements in the same direction -
Profit outlook THG THG£630m
Profit upgrade
THG raised its guidance on 15 Oct 2026; the shares moved +16% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +16%In 12 months 4 statements in the same direction -
Profit outlook Winvia Entertainment PLC WVIA£292m
Profit upgrade
Winvia Entertainment PLC raised its guidance on 28 Sep 2026; the shares moved +15% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +15%In 12 months 4 statements in the same direction -
Profit outlook Avon Technologies plc AVON£700m
Profit upgrade
Avon Technologies plc raised its guidance on 7 Oct 2026; the shares moved +15% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +15%In 12 months 1 statement in the same direction -
Profit outlook Marston's MARS£364m
Profit upgrade
Marston's raised its guidance on 13 Oct 2026; the shares moved +15% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +15%In 12 months 3 statements in the same direction -
Profit outlook Cropper (James) CRPR£76m
Profit upgrade
Cropper raised its guidance on 20 Oct 2026; the shares moved +14% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +14%In 12 months 3 statements in the same direction -
Profit outlook Genuit Group GEN£640m new
Subdued market and profit guidance
Since Nov 2025 profit guidance has tracked a subdued market. In May 2026 FY26 was guided to the lower end of the £94.7m-£105.5m range, and on 11 Aug H1 came in line.
Direction below expectations / warningReaction on the day −12%In 12 months 1 statement in the same directionNext FY26 results with 2027 outlook 1 Mar · in 125 days -
Profit outlook Serabi Gold SRB£137m new
Profit warning
Serabi Gold issued a profit warning on 21 Oct 2026; the shares moved −11% on the day.
Stage Profit warningDirection below expectations / warningReaction on the day −11%In 12 months 1 statement in the same direction -
Profit outlook Diales Group Plc DIAL£17m new
Results ahead of expectations
Diales Group Plc said it is trading ahead of expectations on 19 Oct 2026; the shares moved +10% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +10%In 12 months 2 statements in the same direction -
Profit outlook Ixico IXI£22m
Profit upgrade
Ixico raised its guidance on 20 Oct 2026; the shares moved +10% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +10%In 12 months 2 statements in the same direction -
Profit outlook Thor Explorations Ltd THX£330m new
Profit warning
Thor Explorations Ltd issued a profit warning on 14 Oct 2026; the shares moved −9% on the day.
Stage Profit warningDirection below expectations / warningReaction on the day −9%In 12 months 1 statement in the same direction -
Profit outlook Hercules Plc HERC£30m new
Profit upgrade
Hercules Plc raised its guidance on 21 Oct 2026; the shares moved +9% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +9%In 12 months 2 statements in the same direction -
Profit outlook Young & Co's Brewery 'A' Shares YNGA£708m
Profit upgrade
Young & Co's Brewery 'A' Shares raised its guidance on 30 Sep 2026; the shares moved +8% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +8%In 12 months 1 statement in the same direction -
Profit outlook Robinson RBN£19m new
2026 profit guidance
Guidance was lowered in December 2025 and on 20 August 2026 to £2.2m-£2.6m after Middle East cost pressure. On 25 September the Board said 2026 was in line, but a £3.3m-revenue contract would not be renewed.
Direction below expectations / warningReaction on the day −8%In 12 months 1 statement in the same directionNext 2026 results and FY2027 mitigation update 4 Mar · in 128 days -
Profit outlook XPS Pensions Group XPS£692m new
Results ahead of expectations
XPS Pensions Group said it is trading ahead of expectations on 15 Oct 2026; the shares moved +8% on the day.
Stage Ahead of expectationsDirection ahead of expectations / raisedReaction on the day +8%In 12 months 1 statement in the same direction -
Profit outlook Marks Electrical Group MRK£51m
Profit upgrade
Marks Electrical Group raised its guidance on 30 Sep 2026; the shares moved +8% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +8%In 12 months 2 statements in the same direction -
Profit outlook Iofina IOF£90m new
Results below expectations
Iofina said it is trading below expectations on 16 Oct 2026; the shares moved −7% on the day.
Stage Below expectationsDirection below expectations / warningReaction on the day −7%In 12 months 1 statement in the same direction -
Profit outlook Everplay Group plc EVPL£599m
FY26 guidance upgrades
The Board only said 'in line' in July, then on 15 Sep said FY26 would be materially ahead of consensus (£175.2m revenue, £50.7m EBITDA).
Direction ahead of expectations / raisedReaction on the day +7%In 12 months 2 statements in the same directionNext FY26 results against raised consensus -
Profit outlook Hardide HDD£94m
Profit upgrade
Hardide said it is trading ahead of expectations on 21 Oct 2026; the shares moved +7% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +7%In 12 months 6 statements in the same direction -
Profit outlook Camellia CAM£135m
Full-year trading outlook
On 26 Aug Kakuzi flagged 2026 net earnings at least 25% lower, and the H1 results (3 Sep) added El Nino as a headwind.
Direction below expectations / warningReaction on the day −7%In 12 months 2 statements in the same directionNext final 2026 trading result, shaped by Q4 phasing -
Profit outlook Oxford Metrics OMG£39m
FY26 guidance cut
On 17 June 2026 FY26 revenue guidance of c.£56m for the 15 months was confirmed. On 9 October 2026 the Board cut it to £47-51m with an Adjusted EBIT loss of £0.5-3.9m, against market expectations of £56.2m and a £3.0m profit.
Direction below expectations / warningReaction on the day −6%In 12 months 1 statement in the same directionNext Interim results for 12 months to 30 September 2026 -
Profit outlook Tekmar Group TGP£16m
Middle East disruption to projects
The 18 June 2026 interims reported Middle East delays, higher costs and deferred Offshore Energy Services activity, with bottlenecks easing.
Direction below expectations / warningReaction on the day −6%In 12 months 1 statement in the same direction -
Profit outlook Mincon Group (CDI) MCON£164m
Profit upgrade
Mincon Group raised its guidance on 9 Oct 2026; the shares moved +6% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +6%In 12 months 1 statement in the same direction -
Profit outlook Essentra ESNT£326m new
Profit upgrade
Essentra raised its guidance on 22 Oct 2026; the shares moved +5% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +5%In 12 months 1 statement in the same direction -
Profit outlook Vertu Motors VTU£264m
Profit upgrade
Vertu Motors raised its guidance on 14 Oct 2026; the shares moved +4% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +4%In 12 months 3 statements in the same direction -
Profit outlook Smiths News SNWS£195m
Profit upgrade
Smiths News raised its guidance on 29 Sep 2026; the shares moved +4% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +4%In 12 months 2 statements in the same direction -
Profit outlook Caledonia Mining Corporation CMCL£310m
Profit warning
Caledonia Mining Corporation issued a profit warning on 9 Oct 2026; the shares moved −4% on the day. It is the second such statement in 12 months.
Direction below expectations / warningReaction on the day −4%In 12 months 2 statements in the same direction -
Profit outlook Quartix Technologies QTX£111m
Results ahead of expectations
Quartix Technologies said it is trading ahead of expectations on 5 Oct 2026; the shares moved +3% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +3%In 12 months 3 statements in the same direction -
Profit outlook Character Group CCT£52m
Profit upgrade
Character Group raised its guidance on 28 Sep 2026; the shares moved +3% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +3%In 12 months 2 statements in the same direction -
Profit outlook Clarkson CKN£1,525m
Profit upgrade
Clarkson raised its guidance on 6 Oct 2026; the shares moved +2% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +2%In 12 months 2 statements in the same direction
A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.