Situations

1. Friday
2. Disposal Taylor Maritime Investments Limited TMIP£52m moved

   Managed realisation vessel sales

   Managed realisation began with disposals from 2025. On 1 Sep 2026 the company agreed to sell three handysize vessels for about $48.6m gross, completed 6 Oct 2026.

   Pricing Vessel A $15.0m vs $13.7m valued; Vessels B and C $33.6m vs …Use of money Majority of net proceeds to fund a further compulsory …
   Final owned vessel sale agreed

   Next Complete final owned vessel sale; decide exit from leased vessel 31 Dec · in 67 days

   −9% since 24 Oct · moved 23 Oct
3. Disposal Boohoo Group DEBS£400m moved

   Disposals and warehouse exits

   Warehouse consolidation into Sheffield completed by 30 Mar 2026, and the US distribution centre was subleased to ID Logistics on 12 Jun 2026.

   Earlier proceeds £90m from Primark for Sheffield DCSheffield disposal £90m automation sale and lease assignment, completed; 3PL …
   Disposals completed; Burnley retained, GXO appointed

   Next Migrate fulfilment from Sheffield to Burnley under GXO after Peak

   +119% since 27 Nov · moved 23 Oct
4. Disposal Robinson RBN£19m moved

   Surplus property disposals

   Surplus property sales began in December 2025, and three sales completed in H1 2026 for £1.5m. On 23 October 2026 the Group said proceeds are still £1.5m for 2026 to date.

   Proceeds to date £1.5m cash in 2026Delayed sale Exchange and completion delayed to Q2 2027
   £1.5m received; one sale delayed to Q2 2027

   Next Exchange and complete another sale within three months

   −12% since 23 Dec · moved 23 Oct
5. Debt & refinancing Bezant Resources BZT£25m new

   Yorkville loan facility

   On 22 October 2026 Bezant completed a £4M gross unsecured, non-convertible loan with Yorkville's YA II PN Ltd, drawn in full, as an alternative to an immediate £4M equity placing.

   Size £4 million gross, drawn in full; 6% upfront fee and £20,000 …Interest 5% p.a., unsecured, non-convertible, repayable in cash
   Facility agreed 22 Oct 2026 and drawn in full

   Next First £400,000 repayment; ATM facility to be set up within 15 business days 15 Jan · in 82 days

   −12% since 23 Oct · moved 23 Oct
6. Profit outlook Robinson RBN£19m moved

   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.

   Gross profit hit £1.0m annual contribution to gross profitContract end End of December 2026, not renewed
   Guidance cut again to £1.2m-£1.6m

   Next 2026 results and FY2027 mitigation update 4 Mar · in 130 days

   −12% since 23 Dec · moved 23 Oct
7. Thursday
8. Disposal Synthomer SYNT£185m

   Broadened divestment programme

   Divestment programme broadened Oct 2025. Acrylate Monomers sale announced 19 June 2026 and completed 30 Sep 2026 as planned.

   Use of money Enhance strategic focus and reduce debtOther projects Good progress on other divestment projects (22 Oct 2026); …
   Acrylate sale done; other projects progressing

   Next update on other divestment projects

   +99% since 23 Oct · moved 22 Oct
9. Profit outlook Auction Technology Group ATG£580m

   FY26 guidance delivery

   Guidance was set on 26 November 2025, then raised on 14 May 2026 to 5-6% and on 23 July 2026 to 5.5-6.5%.

   Cost savings $4m run-rate programme, mainly FY27Margin guidance 34.5-35.5% adjusted EBITDA, unchanged; outcome expected at …
   FY26 slightly ahead; FY27 in line

   Next FY26 results and FY27 detail 24 Nov · in 30 days

   +66% since 26 Nov · moved 22 Oct
10. 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.

    H1 trading loss £5.0m versus £9.6m in H1 2025Headwinds Energy, fuel, fertiliser and transport costs; lower avocado …
    Guidance cut to £3-5m trading loss

    Next final 2026 trading result, shaped by Q4 phasing

    −8% since 3 Sep · moved 22 Oct
11. Wednesday
12. Takeover Mobico Group MCG£246m new

    Possible offer from a private equity bidder

    On 21 Oct 2026 Mobico confirmed an approach from AdL, held by CMC Group and Asterion Industrial Partners Fund III, for a possible cash offer. After negotiation AdL made a non-binding proposal of 46p per share in cash.

    Offer 46p in cashPremium +55% on 29.7pSpread now +13.9% to the offer
    Approach

    Next AdL firm offer or walk-away decision by Rule 2.6 deadline 18 Nov · in 24 days

    +36% since 21 Oct · moved 21 Oct
13. Takeover SThree STEM£358m

    Possible offer

    Circle8 approached SThree on 9 Sep 2026 and confirmed an unpriced all-cash possible proposal on 11 Sep, which the Board unanimously rejected as significantly undervaluing the company.

    Funding Structured as all cash, without issuing additional Circle8 …Timetable PUSU deadline extended from 7 Oct to 5.00 p.m. on 21 Oct …
    Approach

    Next Circle8 firm offer or walk-away by PUSU deadline; limited due diligence meanwhile was due 21 Oct

    +8% since 9 Sep · moved 21 Oct
14. Disposal Andrada Mining Limited ATM£143m

    Brandberg West earn-in partnership

    ACAM LP, through BWCAM, is funding a USD51m phased investment in Brandberg West; the first USD10m was received earlier in 2026. The Namibian Competition Commission gave unconditional approval of the earn-in in August 2026.

    Received First USD10 million (£7.3 million) received in the QuarterInitial work Tailings recovery, feasibility study preparation, pit …
    NaCC approved; evaluation work under way

    Next Metallurgical testwork, bulk sample assessment and further exploration

    +53% since 21 Jan · moved 21 Oct
15. Big fundraise 4basebio 4BB£81m

    Leadership transition and commercial push

    New CEO Amy Walker took over in February 2026 to lead a commercial growth push. H1 results on 28 September showed a £63m pipeline but only £0.3m revenue, an £8.9m loss and £14.1m cash.

    Other insiders M&G 465,830 shares; Elevage 256,504 shares; directors £0.3m …Next milestone Admission expected 8.00 a.m. on 10 November 2026; General …
    Retail offer closed; raise awaiting shareholder approval

    Next General Meeting result, then Admission of new shares 10 Nov · in 16 days

    −6% since 10 Feb · moved 21 Oct
16. Tuesday
17. Sale process GB Group GBG£354m new

    Strategic options for Global Fraud Solutions

    On 20 October 2026 GBG said the non-core Global Fraud Solutions business, about 5% of revenue, declined more than expected on licence renewal timing, churn and fewer new wins. It is still assessing strategic options;

    Business Global Fraud Solutions, non-core, c.5% of total revenueTrading declined more significantly than expected in 1H27
    Strategic options under assessment

    Next Outcome of the strategic options assessment

    −2% since 20 Oct · moved 20 Oct
18. Big fundraise Invinity Energy Systems IES£66m new

    Equity fundraise at 10p

    On 19 Oct 2026 Invinity announced a proposed fundraise of at least £20m at 10p per share, with shares suspended.

    Conditions Shareholder resolutions at the General Meeting; NWF needs …Trading status Shares suspended from 7.30am on 19 Oct 2026 until the raise …
    Terms set; placing bookbuild launched

    Next Placing results, retail offer result, then shareholder vote at General Meeting 11 Nov · in 17 days

    −35% since 19 Oct · moved 20 Oct
19. Debt & refinancing XP Power Ltd. XPP£478m new

    Comet litigation

    The Comet litigation is ongoing. In Q3 2026 the litigation bond was released, bringing in £50.2m of cash, which cut net debt to £4.5m at 30 September 2026.

    Bond released £50.2m cash received in Q3 2026 on release of the Comet …Company stance Will continue to defend its position in the case
    Bond released; company still defending case

    Next further updates as appropriate

    −4% since 20 Oct · moved 20 Oct
20. Monday
21. Disposal Zenith Energy LTD.Com Shs ZEN£29m

    Partial sale of solar portfolio

    Zenith planned in Oct 2025 to sell part of its solar portfolio. WESOLAR signed a non-binding MoU on 15 Jul 2026 for about 50 MWp of Piedmont projects at EUR 12m against about EUR 5m cost.

    Size 50 MWp of sales by March 2027, about EUR 41m combinedOperational assets About 20 MWp, valued at circa EUR 26 million
    Negotiations ongoing; no agreement announced

    Next conclude sale negotiations

    +2% since 20 Oct · moved 19 Oct
22. Delisting Glenveagh Properties (CDI) GLV£978m new

    Delisting from London Stock Exchange

    Glenveagh announced on 19 Oct 2026 its intention to delist from the LSE after a review of its listing structures, citing low LSE trading activity and the extra cost and regulatory burden.

    Reason Review of listing structures: level of LSE trading …Last trading day Friday 27 November 2026 on the LSE
    Delisting announced 19 Oct 2026; FCA cancellation requested

    Next Last day of LSE trading, then cancellation of LSE listing 27 Nov · in 33 days

    −1% since 19 Oct · moved 19 Oct
23. Profit outlook Volex VLX£973m

    Data Centre demand momentum

    Data Centre demand drove two FY26 upgrades (Jan and Mar 2026); FY26 revenue $1,242.6m with Data Centre about doubling.

    H1 FY27 Data Centre Well ahead of prior year, below H2 FY2026Reason Temporary extra share while other suppliers were supply …
    H1 FY27 Data Centre below H2 FY26, demand strong

    Next next-generation higher-speed products ramp up during FY2028

    +31% since 21 Jan · moved 19 Oct
24. Earlier this month
25. Activist Roadside Real Estate ROAD£99m

    Mr D Holdsworth campaign

    The Concert Party would therefore continue to hold shares carrying more than 50 per cent. of the voting rights of the Company.

    Activist Mr D HoldsworthStake 6.24%
    Campaign

    −10% since 25 Feb · moved 16 Oct
26. Takeover Kenmare Resources (CDI) KMR£200m

    Possible offer

    On 6 Oct 2026, after press speculation, Kenmare confirmed a non-binding proposal from IRH for a possible cash offer for the whole company. The 15 Oct Q3 report says talks are ongoing and gives no price or new terms.

    Bidder International Resources Holdings RSC Ltd (IRH)Offer Non-binding proposal for a possible cash offer for the …
    Approach

    Next IRH firm offer or no-offer statement under Rule 2.7/2.8 17 Nov · in 23 days

    +24% since 6 Oct · moved 15 Oct
27. Disposal Workspace Group WKP£637m

    Low-conviction building disposals

    Since November 2025 Workspace has sold low-conviction buildings under a £200m target to March 2027. By 15 July, £138.4m was exchanged or completed.

    Total disposals £138.3m since March 2025, against £200m target by March 2027Q1 sales £12.6m sold in Q1 at average 22.3% discount to book value
    £138m done; extra £100m+ unlikely by March 2027

    Next complete £200m disposal target by March 2027 31 Mar · in 157 days

    −18% since 19 Nov · moved 15 Oct
28. Disposal Norcros NXR£273m

    Sale of South African operations

    The Board said on 12 May 2026 it would explore a sale of the profitable South African business, completing the shift to a capital-light UK and European brand group.

    Status Process to potentially dispose of the South African …Buyer Not stated
    Sale process progressing to plan

    Next Disposal process progressing; interim results due 19 Nov · in 25 days

    +6% since 12 May · moved 15 Oct
29. Profit outlook Kenmare Resources (CDI) KMR£200m

    Value over volume, inventory drawdown

    Kenmare has cut production and drawn down stocks since January 2026. The 15 Oct Q3 report lowers 2026 shipments guidance to about 1.05m tonnes from over 1.1m, blaming port delays.

    Guidance 2026 ilmenite production now approximately 800,000 tonnes, …H1 shipments 555,600 tonnes, up 14% YoY; guidance at least 1.1 million …
    Shipments guidance cut to about 1.05m tonnes

    Next SMO 2 commissioning 31 Dec · in 67 days

    −11% since 21 Jan · moved 15 Oct
30. Profit outlook Dunelm Group DNLM£1,727m

    Furniture availability recovery

    Guidance went from 'in line' in October 2025 to the lower end of consensus in April 2026, then in line with £210m consensus in July. FY26 PBT of £211.0m was flat.

    FY26 PBT £211.0m, flat on FY25Early FY27 significantly softer first six weeks due to hot weather; …
    FY27 guidance held; H1 PBT to be lower

    Next Q2 trading update 14 Jan · in 81 days

    −9% since 10 Feb · moved 15 Oct
31. Sale process YouGov YOU£314m

    Shopper strategic review

    YouGov began a strategic review of Shopper in March 2026 to unlock long-term value. On 13 Oct 2026 it said the review is ongoing with no outcome given.

    Shopper H1 profit £6.8m adjusted operating profit (HY25: £13.9m)Incremental investment £6m expected in FY26
    Review ongoing; no outcome

    Next further update on the review

    +54% since 24 Mar · moved 13 Oct
32. Capital return FirstGroup FGP£1,106m

    Special dividend

    The Capital Reduction creates additional distributable reserves of £500,000,000 for the Group, providing greater flexibility to support future dividends and share buybacks.

    Kind special dividendAmount £500,000,000Of market value 54.5%
    Proposed

    +23% since 18 Jun · moved 13 Oct
33. Capital return YouGov YOU£314m

    Share buyback replacing dividend

    In March 2026 the Board said it expected to replace the annual dividend with a buyback, citing a gap between intrinsic and market value. Facilities were amended by 6 Aug 2026.

    Balance sheet Year-end leverage 1.7x; net debt £142.1m; debt facilities …Size Up to £15m maximum aggregate consideration, in lieu of the …
    Buyback launched 13 Oct 2026, run by Berenberg

    Next Buyback expected to complete within second half of FY27

    +54% since 24 Mar · moved 13 Oct
34. Profit outlook Bytes Technology Group BYIT£1,042m

    FY27 guidance and cost normalisation

    FY27 guidance was set on 24 March and reiterated on 12 May. On 17 September the Board upgraded it after H1 GP growth of c.18%.

    H1 GP growth c.18% year-on-year (estimated)H1 operating profit c.6% growth, reflecting cost normalisation
    Upgraded guidance reiterated at H1 results

    Next FY27 results

    +51% since 24 Mar · moved 13 Oct
35. Capital return AdvancedAdvT Limited ADVT£233m

    £10m buyback and possible tender offer

    Having already completed £10.0 million of share buyback, and we have initiated a further £10 million programme in September.

    Second £10m buyback under way

    Next half year results 2 Nov · in 8 days

    +24% since 4 Mar · moved 12 Oct
36. Activist Sanderson Design Group SDG£53m

    LBV ASSET MANAGEMENT LLP campaign

    The removal of the Chair at the instigation of a single shareholder, coupled with the simultaneous appointment of that shareholder's own nominee, would not serve the interests of shareholders as a …

    Activist LBV ASSET MANAGEMENT LLPStake 14.065%Wants remove the chair, board seat(s)Board opposes
    Circular published; board recommends voting against

    Next general meeting 29 Oct · in 4 days

    +53% since 22 Jan · moved 12 Oct
37. Takeover First Tin 1SN£73m

    Possible offer

    First Tin received an unsolicited, indicative proposal from Metals X, announced 9 October 2026, for a possible cash offer at 15p per share.

    Offer Preliminary, non-binding indicative cash offer for all …Bidder Metals X Limited, existing shareholder with two appointees …
    Approach

    Next firm offer or walk away (Rule 2.6) 6 Nov · in 12 days

    +16% since 9 Oct · moved 9 Oct
38. Disposal Gran Tierra Energy Inc. (CDI) GTE£306m

    Perico and Espejo acquisition

    On 5 Aug 2026 Gran Tierra agreed to sell all its Colombia and Ecuador assets to Maurel & Prom for about $1.33bn total consideration. The 2031 Noteholders consented on 22 Sep 2026, and on 9 Oct 2026 stockholders approved the sale.

    Conditions Colombian and Ecuadorian regulatory approvals and other …Noteholder consent 2031 Notes holders' consent obtained
    Stockholders approved; regulatory approvals pending

    Next Colombian and Ecuadorian regulatory approvals; closing targeted around 31 Dec 2026 31 Dec · in 67 days

    +167% since 10 Dec · moved 9 Oct
39. Disposal SSP Group SSPG£1,343m

    Continental European Rail review

    The review of Continental European Rail, supported by Alvarez & Marsal, concluded in May with plans to exit about a third of c.330 units and cut rail capex by c.50%.

    Estate c.330 units; about one third to be exited, subject to …Exits Approximately one third of the estate, subject to local …
    Exit actions being implemented

    Next Progress update at FY26 results 8 Dec · in 44 days

    +21% since 4 Dec · moved 9 Oct
40. Activist Workspace Group WKP£637m

    Saba Capital Management, L.P. campaign

    Saba proposed a 12-month wind-down on 8 January 2026, which the Board rejected. It requisitioned board changes on 8 May, widened them to all six NEDs on 22 May, and holds about 21.12%.

    Activist Saba Capital Management, L.P.Stake 29.7302%Wants board seat(s)Board engaging
    Board urging votes against Saba before AGM

    Next AGM vote on Saba resolutions 21-26 was due 23 Jul

    −18% since 6 Aug · moved 9 Oct
41. Debt & refinancing Gran Tierra Energy Inc. (CDI) GTE£306m

    October 2026 notes amortization

    The sale agreement of 5 Aug 2026 provides for the purchaser to assume the 2029 and 2031 notes and for Gran Tierra to redeem the 2027 Notes from proceeds. The 2031 Notes consent was obtained on 22 Sep 2026.

    Notes assumed 2031 Notes and 2029 Notes assumed by purchaserNotes redeemed 2027 Notes redeemed by company from proceeds
    2031 Notes consent in hand; sale closing pending

    Next Closing of the Sale, when the 2031 Notes amendments take effect 31 Dec · in 67 days

    +184% since 24 Oct · moved 9 Oct
42. 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.

    FY26 revenue £47.0-51.0m versus market expectations of £56.2mFY26 Adj. EBIT loss of £0.5-3.9m versus expected £3.0m profit
    Warning issued 9 October 2026

    Next Interim results for 12 months to 30 September 2026

    −0% since 9 Oct · moved 9 Oct
43. Takeover Logistics Development Group LDG£91m

    Possible offer

    The Draft Revised Proposal is not at a level that the Independent Directors are minded be support

    Offer 19p in cashSpread now -13.6% to the offerBoard opposes
    Approach

    Next DBAY to announce firm offer or walk away (Rule 2.6(a) deadline) 5 Nov · in 11 days

    +16% since 8 Oct · moved 8 Oct
44. Sale process NAHL Group NAH£22m

    Strategic options for shareholder value

    Review of options to accelerate shareholder value began in May 2026. The first disposal, Searches UK, has now completed. Capital allocation policy is under review and net cash is expected by end October 2026.

    Next milestone Further updates 'in due course'; capital allocation policy …Balance sheet Net debt £1.1m at 30 June 2026; net cash expected by end …
    First disposal completed; review continues

    Next Further updates in due course; capital allocation policy review

    +35% since 7 May · moved 8 Oct
45. Disposal Next 15 Group NFG£330m

    Blueshirt and BCA disposal

    Portfolio cut from 22 to 10 businesses since the November 2025 review under a Track 1/Track 2 framework.

    Buyer Wonderhood StudiosBusiness sold Part of Elvis (Track 2); about half of revenues retained
    Elvis part sale completed; further disposals active

    Next Progress further disposal processes under time-boxed review

    −17% since 28 Oct · moved 8 Oct
46. Disposal Jubilee Metals Group JLP£73m

    Large Waste Project

    Jubilee has been shortlisting partners for the Large Waste Project since late 2025. On 10 Aug 2026 it announced two binding offers; on 26 Aug 2026 it chose a preferred purchaser at US$35.0m.

    Payment Settled over 3 years, first instalment due December 2026 if …Seller settlement US$5.0m final payment in 150 489 090 new shares at 2.5p, …
    Legal DD complete; 45-day technical DD begins

    Next Complete technical DD and definitive documents within 45 days

    −26% since 21 Nov · moved 8 Oct

Show 40 more

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.