Nanoco proposes Main Market delisting to cut costs
Nanoco Group (LSE:NANO) sent its shares into freefall, down 50.99% to 3.35p, after announcing plans to cancel its Main Market listing and re-register as a private company. The board cited the need to cut costs, preserve cash and pursue commercialisation free from the disclosure burden of a public listing. The move marks a dramatic reversal for a company that once attracted significant attention for its cadmium-free quantum-dot technology.
Hollywood Bowl H1 revenue growth boosts full-year confidence
Hollywood Bowl Group (LSE:BOWL) climbed 11.73% to 290.5p after first-half revenue growth demonstrated the continued appeal of its value-led leisure offer. Chief Executive Stephen Burns said the group remained confident in delivering on full-year expectations for FY26, pointing to robust customer demand and disciplined cost control. The update reinforced the group's position as one of the more resilient names in consumer leisure.
Zotefoams four-month revenue update lifts shares
Zotefoams (LSE:ZTF) rose 9.3% to 435.0p after reporting revenue growth across the first four months of the year, with Group CEO Ronan Cox expressing confidence in meeting full-year objectives. The polyolefin foam specialist pointed to a strong balance sheet and continued demand across its key target markets as underpinning the outlook. The update reassured investors that trading momentum had carried into 2026.
Hardide lands £2.4m North American order, eyes expectation beat
Hardide (AIM:HDD) jumped 16.47% to 59.4p after securing orders worth £2.4m from a large North American energy customer, covering the remainder of FY26. The surface-coating specialist said the contract would materially improve both revenue and overall financial performance relative to prior expectations, language that signals a meaningful upgrade to consensus. The order provides near-term revenue visibility and validates Hardide's push into the energy sector.
Gresham House Energy Storage Fund enters exclusivity with Sumitomo JV
Gresham House Energy Storage Fund (LSE:GRID) edged up 2.05% to 79.6p after announcing an exclusivity arrangement with Summit Transition Partners, a joint venture between Sumitomo Corporation and TPK Holdings. Under the deal, the partner will acquire stakes in UK battery storage projects and provide equity funding to enable immediate construction. The agreement marks a significant step in the fund's efforts to unlock value from its development pipeline.
Literacy Capital sells largest fund interest at par for €5.7m
Literacy Capital (AIM:BOOK) added 1.74% to 313.4p after selling its largest third-party fund interest for €5.7m at par, accelerating its strategic shift away from fund-of-funds exposure and towards direct buyouts. The disposal frees capital for bolt-on acquisitions and reduces complexity in the portfolio. The transaction underlines management's intent to concentrate the balance sheet on businesses where it has direct operational influence.
Sovereign Metals identifies dysprosium premium in rare earth tailings
Sovereign Metals (AIM:SVML) gained 10.45% to 37.0p after highlighting the potential for a high-value by-product stream from monazite concentrate at its Malawi project. The company said the concentrate contains meaningful quantities of heavy rare earths, dysprosium, terbium and yttrium, which command premium pricing relative to the light rare earths that dominate most deposits. The finding adds a further commercial dimension to a project already anchored by its rutile and graphite resources.
Physiomics wins new contracts with revenue visible to end-2027
Physiomics (AIM:PYC) rose 10.46% to 0.718p after securing multiple new and follow-on contracts to provide modelling, biometrics and data-science support across Phase 1 and Phase 2 clinical programmes for UK and international clients. Revenue from the awards is visible through to the end of 2027, providing an unusually long forward line of sight for a micro-cap services business. The contract wins span both domestic and international sponsors, broadening the group's client base.
Kendrick Resources assigns US$400m NPV to Namibian rare-earth project
Kendrick Resources (AIM:KEN) climbed 5.9% to 8.79p after an internal review assigned a US$400m net present value to the Teufelskuppe carbonatite project in Namibia, outlining a 14Mt tonnage and 448kt LREO inventory. The company is targeting a maiden JORC resource by the end of Q3 2026, a milestone that would move the project from exploration-stage to a more formally defined asset. The valuation figure, while internally derived, sets a marker ahead of that resource estimate.
Itaconix launches deeperclean.com ecommerce platform in North America
Itaconix (AIM:ITX) rose 4.76% to 110.0p after launching deeperclean.com, a North American ecommerce marketing programme aimed at consumer detergent brand managers. The platform allows buyers to order fully packaged next-generation detergents direct, including an 8-gram plant-based dishwashing tablet, a format that positions the company's polymer chemistry at the consumer-facing end of the supply chain. The launch represents a step-change in how Itaconix routes its formulated products to market.
Jangada Mines extends mineralised strike at Molly Gold Project
Jangada Mines (AIM:JAN) was little changed at 1.35p (+0.56%) despite reporting high-grade gold, silver and copper assays from its Molly Gold Project in Brazil that extend the known mineralised corridor. The results underpin a funded expansion of drilling, with the company saying the strike length now exceeds previous estimates. The assay data adds geological confidence to a project that remains at an early stage of resource definition.
Deltic Energy receives US$1m Dana Petroleum farm-out payment
Deltic Energy (AIM:DELT) ticked up 2.74% to 6.78p after receiving a US$1m cash payment from Dana Petroleum under the terms of the Selene Prospect farm-out agreement. The funds represent a reimbursement of costs incurred under the deal and provide a near-term cash injection for the offshore explorer. The Selene Prospect, located in the UK North Sea, remains one of Deltic's key near-term catalysts.
Watkin Jones revenue slips to £100.2m as development activity slows
Watkin Jones (AIM:WJG) fell 4.6% to 21.8p after reporting a decline in revenue to £100.2m as development activity moderated. Chief Executive Alex Pease pointed to the group's integrated platform as a differentiator, enabling it to identify incremental opportunities and diversify revenues, though the share price reaction suggested the market focused on the top-line softness. The managed student accommodation and build-to-rent developer continues to navigate a subdued transaction environment.
Andrada Mining secures Namibian bank loans and completes Lithium Ridge drilling
Andrada Mining (AIM:ATM) was effectively flat at 3.90p (-0.03%) after announcing two significant operational developments: conditional senior secured term loans from Bank Windhoek and the Development Bank of Namibia, and the completion of an expanded diamond-drilling programme at its Lithium Ridge project, conducted alongside partner SQM. The financing, once finalised, would provide local-currency funding to support ongoing development, while the completed drilling programme is expected to feed into an updated resource estimate.
Sundae Bar recognises first revenues from live marketplace launch
Sundae Bar (AIM:SBAR) was marginally lower at 4.32p (-0.69%) as it reported on its first half since launching a live marketplace and Enterprise Offering. The AIM-listed enterprise platform said it recognised its first revenues during the period, a notable milestone for a business that had previously been pre-revenue. The update marks the transition from development stage to commercial operation, though the scale of initial revenues was not disclosed.
ValiRx subsidiary secures European patent for nanoparticle cancer delivery
ValiRx (AIM:VAL) slipped 2.56% to 0.19p despite its majority-owned subsidiary Cytolytix securing European Patent EP4225803B1 covering a nanoparticle system designed to deliver anti-cancer peptides. The company said the grant strengthens its IP estate and improves its commercial negotiating position with potential licensing or development partners. The patent covers a delivery mechanism that the group believes differentiates its oncology pipeline from competing approaches.
