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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 -
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 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 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 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 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 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 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 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 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 ASOS ASC£524m
Profit upgrade
ASOS raised its guidance on 24 Sep 2026; the shares moved +14% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +14%In 12 months 1 statement in the same direction -
Profit outlook Raspberry PI Holdings (WI) RPI£1,059m
Profit upgrade
Raspberry PI Holdings raised its guidance on 24 Sep 2026; the shares moved +20% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +20%In 12 months 4 statements in the same direction -
Profit outlook System1 Group SYS1£43m
Profit upgrade
System1 Group raised its guidance on 24 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 Chapel Down Group CDGP£73m
Profit upgrade
Chapel Down Group raised its guidance on 23 Sep 2026; the shares moved +5% on the day. It is the second such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +5%In 12 months 2 statements in the same direction -
Profit outlook Fonix Plc FNX£171m
Profit upgrade
Fonix Plc raised its guidance on 22 Sep 2026; the shares moved +12% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +12%In 12 months 1 statement in the same direction -
Profit outlook Porvair PRV£391m
Results ahead of expectations
Porvair said it is trading ahead of expectations on 22 Sep 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 -
Profit outlook Galliford Try GFRD£675m
Results ahead of expectations
Galliford Try said it is trading ahead of expectations on 17 Sep 2026; the shares moved +6% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +6%In 12 months 3 statements in the same direction -
Profit outlook The Beauty Tech Group PLC TBTG£504m
Profit upgrade
The Beauty Tech Group PLC raised its guidance on 17 Sep 2026; the shares moved +12% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +12%In 12 months 5 statements in the same direction -
Profit outlook Sylvania Platinum Ltd SLP£232m
Results ahead of expectations
Sylvania Platinum Ltd said it is trading ahead of expectations on 15 Sep 2026; the shares moved +5% on the day.
Stage Ahead of expectationsDirection ahead of expectations / raisedReaction on the day +5%In 12 months 1 statement in the same direction -
Profit outlook LPA Group LPA£11m
Profit upgrade
LPA Group raised its guidance on 11 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 Corero Network Security CNS£77m
Profit upgrade
Corero Network Security raised its guidance on 9 Sep 2026; the shares moved +21% on the day. It is the third such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +21%In 12 months 3 statements in the same direction -
Profit outlook Victrex plc VCT£777m
Profit upgrade
Victrex plc raised its guidance on 9 Sep 2026; the shares moved +16% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +16%In 12 months 1 statement in the same direction -
Profit outlook Inspiration Healthcare Group IHC£17m
Results ahead of expectations
Inspiration Healthcare Group said it is trading ahead of expectations on 8 Sep 2026; the shares moved +11% on the day. It is the fourth such statement in 12 months.
Direction ahead of expectations / raisedReaction on the day +11%In 12 months 4 statements in the same direction -
Profit outlook Somero Enterprises Inc. SOM£152m
Profit upgrade
Somero Enterprises Inc. raised its guidance on 8 Sep 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 Concurrent Technologies CNC£250m
FY26 guidance trend
On 13 Jul 2026 the Board said FY26 would be at least in line with consensus. On 7 Sep 2026 it went further, expecting results ahead of consensus (revenue £52m, PBT £8m).
Direction ahead of expectations / raisedReaction on the day +6%In 12 months 2 statements in the same directionNext FY26 delivery against raised expectations; busy Q4 -
Profit outlook Getbusy GETB£40m
Profit upgrade
Getbusy raised its guidance on 7 Sep 2026; the shares moved +9% on the day.
Stage Guidance raisedDirection ahead of expectations / raisedReaction on the day +9%In 12 months 1 statement in the same direction -
Profit outlook IQE IQE£471m
Guidance upgrades
On 28 May 2026 IQE guided FY 2026 revenue growth above 20% and high-single to low-double-digit adjusted EBITDA. On 21 Jul 2026 it raised this to above 30% and low-teens £m, driven by InP demand for AI and data centres.
Direction ahead of expectations / raisedReaction on the day +3%In 12 months 2 statements in the same directionNext H2 delivery against FY 2026 guidance
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