A profit warning from LBG Media (AIM:LBG) dominated the small-cap session, with the publisher shedding more than a quarter of its market value after flagging a sharp drop in indirect revenues tied to Meta's algorithm changes and AI-driven search disruption. Elsewhere, geothermal and mining names provided the session's brighter moments, with Cindrigo (LSE:CINH) lifting its Eich energy estimate by 50% and Zephyr Energy clearing a key pipeline hurdle on the path to first gas.
LBG Media cuts guidance as Meta and AI search erode traffic
LBG Media (AIM:LBG) issued a material earnings downgrade, sending the shares down 24.29% to 26.5p, one of the sharpest single-session falls in the company's listed history. The group attributed the shortfall to two structural headwinds: changes to Meta's Facebook algorithm that have curtailed organic content reach, and a reduction in search-driven traffic caused by Google's AI Overviews feature displacing traditional click-throughs to publisher sites.
The warning underscores the vulnerability of digital media businesses whose monetisation depends on platform-distributed audiences rather than direct relationships. LBG's indirect revenue stream, the segment most exposed to these dynamics, bore the brunt of the deterioration, and management indicated the impact was sufficient to move full-year earnings expectations meaningfully below prior consensus.
Glass Lewis endorses Nanoco's London delisting plan
Proxy adviser Glass Lewis has thrown its weight behind Nanoco Group (AIM:NANO)'s proposal to cancel its London Stock Exchange listing and re-register as a private company, recommending shareholders vote in favour at the 19 June general meeting. The board has argued the move is necessary to reduce the cost burden of maintaining a public listing and to preserve capital at a stage when the company's resources are better deployed operationally than on compliance overhead. Shares slipped 4.37% to 2.582p on the day.
Vantiva HomeSight broadens US smart-home footprint with new partners and installation service
Vantiva's HomeSight division expanded its TV-centric in-home care platform with the addition of new content and device partners, while simultaneously launching a nationwide professional installation service in the United States. The moves are designed to lower the friction of adoption and accelerate the platform's commercial scale, positioning HomeSight as a managed-care tool delivered through the living room screen. Vantiva is not listed on a UK exchange and no price data was available.
Wildcat Gold brings in Niclas Biornstad as technical advisor ahead of Aquis admission
Wildcat Petroleum (AQSE:WCAT) appointed Niclas Biornstad as Technical Advisor to the board on 9 June, with a stated intention to elevate him to non-executive director following the company's admission to the Aquis Exchange and the completion of an initial gold project. The appointment signals the group's pivot toward gold exploration and the assembly of a technical team suited to that strategy. The shares added 4.29% to 0.1095p.
Imaging Biometrics publishes Phase 1 gallium trial data and reopens expanded access
Imaging Biometrics (AIM:IBAI) published results from its Phase 1 gallium trial and announced the reactivation of an expanded access programme covering up to 20 patients, giving eligible individuals access to the treatment outside the formal trial setting. The publication of Phase 1 data marks a clinical milestone for the company as it builds the evidence base for its imaging biomarker platform. The stock edged down 1.25% to 0.79p.
capAI launches Movie42 and Gamers42 betas as capMedia enters commercial evaluation
capAI (AIM:CPAI) launched beta versions of its Movie42 and Gamers42 consumer platforms while moving its capMedia product into commercial evaluation, signalling a step-up in the pace of product deployment across its AI-driven media portfolio. Registration details for an accompanying webinar were made available through the company's channels, with a recording to follow for those unable to attend live. The shares dipped 3.25% to 0.655p.
Cindrigo lifts Eich geothermal estimate 50% and identifies lithium upside
Cindrigo Holdings (AIM:CINH) delivered a significant resource upgrade at its Eich geothermal licence, with updated subsurface modelling raising the exploitable energy potential to 157.8 MW, a 50% increase on the prior estimate. The revised model also identified potential production of 7,230 tonnes per annum of lithium carbonate equivalent as a co-product, adding a battery-metals dimension to what had been positioned primarily as a geothermal energy play. The shares surged 18.0% to 5.9p on the news.
Crimson Tide wins trials with DW Baking and Sim Trava, secures Costa Coffee rollout
Crimson Tide (AIM:TIDE) announced successful trial completions with DW Baking and Sim Trava for its mpro5 workflow platform, alongside a commercial rollout across 80 Costa Coffee stores. The combination of new customer wins and an expansion within an established food-service account demonstrated the platform's cross-sector appeal and added tangible revenue visibility. The shares rose 8.0% to 94.5p.
Rockfire posts high-grade assays at Molaoi as upgrade drilling advances
Rockfire Resources (AIM:ROCK) reported strong analytical results from drill hole HMO-016 at its 100%-owned Molaoi zinc deposit in Greece, alongside elevated portable XRF readings from HMO-018, as diamond drilling to upgrade the resource continues. The results add to a growing body of high-grade intercepts at the project and support the case for a resource reclassification as the programme matures. The shares fell 8.67% to 0.137p despite the positive drilling data.
London BTC stakes 111 Nevada claims to launch US gold hedging strategy
London BTC Company (AIM:BTC) staked 111 mineral claims in Nevada, establishing its first US gold asset and launching what the company described as a gold hedging strategy to complement its bitcoin treasury focus. Surface sampling is already underway at the Nevada ground, with assay results expected by mid-June. The shares were broadly flat, slipping 0.91% to 1.635p.
New Frontier Minerals to begin Flash Joule Heating testwork at Pomme REE project
New Frontier Minerals (AIM:NFM) announced the start of metallurgical characterisation and beneficiation testwork on existing drill core from the Pomme carbonatite in Québec, including the application of Metallium Limited's Flash Joule Heating technology to assess pathways to higher-grade rare earth extraction. The testwork represents a key de-risking step for the project ahead of any future resource development decision. The stock was unchanged at 0.375p.
Rome Resources launches New Brunswick field programme across three target areas
Rome Resources (AIM:RMR) commenced a field programme in New Brunswick, Canada, covering surface and trench sampling across three target areas within its option covering 109 km² near the Mount Pleasant deposit. The programme is budgeted at up to CA$150,000 and plans to collect over 500 samples, with results expected to guide decisions on the next phase of exploration. The shares were little changed at 0.3496p.
Zephyr Energy clears pipeline inspection and advances Paradox gas export regulatory process
Zephyr Energy (AIM:ZPHR) confirmed that a pipeline integrity inspection at its Paradox Basin project identified only four short sections totalling 25 feet requiring visual inspection to confirm integrity at uprated pressure, a result that operator Enbridge characterised as routine and not a material risk to achieving first gas even if repairs were required. With the inspection hurdle largely cleared, the company moved to advance the regulatory process needed to export Paradox gas. The shares climbed 7.46% to 3.17p.
Orosur Mining intersects 229.7 metres at 0.88 g/t gold at Colombia's APTA prospect
Orosur Mining (AIM:OMI) reported a significant drill intersection of 229.7 metres at 0.88 grams per tonne gold at the APTA prospect in Colombia, a result that CEO Brad George described as the product of pulling together previously disconnected historical drilling into a coherent geological picture for the first time. The intercept materially advances APTA's status within Orosur's Colombian portfolio and points toward a more systematic resource evaluation. The shares gained 4.3% to 20.6p.
Jubilee Metals restarts Molefe deliveries and targets 10,000 tpm feed to Sable
Jubilee Metals (AIM:JLP) restarted deliveries from the Molefe source and set a target of 10,000 tonnes per month of feed to its Sable refinery, supported by an accelerated pre-strip programme that commenced in April and remains on track for completion in July. The operational update pointed to a progressive recovery in throughput as pit integration work advances toward the higher run-rate. The shares added 2.61% to 2.75p.
Andrada Mining confirms near-surface high-grade lithium at Lithium Ridge
Andrada Mining (AIM:ATM) reported near-surface lithium intersections of up to 3.46% Li₂O from the third batch of drill results at its Lithium Ridge target, as the expanded Stage 1 drilling campaign reached completion. The high-grade, shallow nature of the mineralisation is a positive indicator for potential mining economics and adds to the resource confidence being built ahead of a maiden estimate. The stock dipped 1.1% to 3.61p.
MJ Gleeson warns on profits after major land sale slips out of the year
MJ Gleeson (AIM:GLE) issued a profit warning after a significant land disposal failed to complete within the financial year ending 30 June, with the company indicating the slippage would reduce adjusted group profit before tax by approximately £7.5 million versus current market expectations. The site disposal itself remains expected to proceed, but the timing shift is sufficient to move full-year earnings below consensus. The shares fell 3.24% to 235.6p.
Thor Energy records 3% natural hydrogen at HY-Range and advances to seismic stage
Thor Energy (AIM:THR) reported Phase 2 soil-air survey results at its 80.2%-owned HY-Range project in South Australia, with readings reaching up to 3% natural hydrogen, a level that validated the priority anomalies identified in earlier work and cleared the path toward 2D seismic imaging and drilling target maturation. The results position HY-Range as one of the more advanced natural hydrogen exploration projects in the region. The shares rose 8.33% to 0.65p.
Vaalco Energy restarts Baobab field production after nine-month FPSO refurbishment
Vaalco Energy (LSE:EGY) completed a nine-month refurbishment of the FPSO vessel at its Baobab field and reconnected it to the field, marking the resumption of production from the asset. The extended maintenance programme had kept the field offline for the better part of a year, and the restart removes a significant operational drag from Vaalco's production profile. The shares fell 3.57% to 405.0p.
Seaport's GlyphAgo advances to Phase 2 on positive multiple-dose Phase 1 data
Seaport Therapeutics' GlyphAgo programme cleared a key clinical milestone with positive Phase 1 multiple-dose data sufficient to support advancement into Phase 2 development. Co-Founder and CEO Daphne Zohar stated the results substantially de-risk the future clinical development path and strengthen GlyphAgo's differentiated profile. Seaport Therapeutics is not listed on a UK exchange and no price data was available.
Fevertree reaffirms full-year guidance and extends share buyback programme
Fevertree Drinks (AIM:FEVR) expressed confidence in matching full-year market expectations, citing early-year momentum in the United States driven by its partnership with Molson Coors, and announced an extension to its share buyback programme. The update provided reassurance that the US commercial strategy is gaining traction at a time when the market has been closely watching the group's progress in its most important growth market. The shares rose 5.93% to 804.0p.
Smith+Nephew completes first clinical cases with next-generation CORI XT robotics
Smith+Nephew carried out the inaugural clinical procedures using its CORI XT handheld robotics platform across both knee and shoulder arthroplasty, including what the company described as the first robotic shoulder arthroplasty cases performed with the system. The milestone marks the transition of CORI XT from development into active clinical use and extends the platform's addressable surgical footprint beyond its original knee-focused application. Smith+Nephew is listed on the London Stock Exchange main market and no small-cap price data was applicable.
