Wednesday's small-cap session was dominated by a wave of half-year updates and strategic resets spanning biotech, industrials and resources.
Cindrigo restructures Finnish site, writes down £15.9m
Cindrigo Holdings (CINH) has exchanged its power plant lease at Kaipola for a larger industrial site at Heinola, a move that cuts biomass lease costs but triggers a £15.9m goodwill writedown. Shares rose 4.53% to 3.92p as the market weighed the near-term cost savings against the accounting hit.
RTW-backed Yarrow Bioscience goes public via VYNE merger
Yarrow Bioscience has completed its merger with VYNE Therapeutics, taking the thyroid disease biotech public on Nasdaq. RTW Biotech Opportunities chalks up a 3.7x return on its original investment.
Diaceutics reports 75% ARR growth in H1 update
Diaceutics (DXRX) said recurring revenue surged 75% in the first half while churn fell sharply, giving management record forward revenue visibility into the full year. Shares climbed 3.56% to 131.0p as the company reiterated its full-year targets.
Hemogenyx signs Lithuania hospital deal for CAR-T therapy
Hemogenyx Pharmaceuticals (HEMO) has agreed a Letter of Intent with Vilnius University Hospital Santaros Klinikos to research and administer its FLT3-directed CAR-T therapy HG-CT-1 under Lithuania's hospital exemption framework, opening a route to clinical use ahead of full regulatory approval. The shares fell 7.11% to 649.75p despite the partnership news.
Nichols lifts interim dividend 35% as revenue accelerates
The Vimto maker Nichols (NICL) reported first-half revenue growth of 4.7% alongside record cash generation, prompting a 35% increase to the interim dividend. Full-year guidance was maintained and shares added 1.68% to 1032.07p.
Mobico lifts 2026 profit guidance as Alsa offsets UK Coach pressure
Mobico Group (MCG) raised its calendar-year 2026 operating profit guidance to £215m-£230m, with strength at Spanish unit Alsa outweighing continued pressure in UK Coach. Covenant gearing edged up and auditors flagged a material uncertainty over going concern, but shares still rose 3.25% to 28.6p.
Severfield confirms FY27 guidance as order book strengthens
Severfield (SFR) confirmed guidance for the new financial year unchanged, with chief executive Paul McNerney describing "a positive start to FY27, with trading in line with expectations". Shares edged up 1.09% to 37.1p.
Jadestone cuts 2026 production guidance after Stag and CWLH delays
Jadestone Energy (JSE) lowered its full-year production guidance to 16,000-18,000 boepd after cyclone damage at the Stag field and a delayed restart at CWLH, which offset stronger-than-expected drilling results in Malaysia. Shares dropped 7.14% to 29.25p on the downgrade.
Predator Oil & Gas amends rig deal to drill MOU-6
Predator Oil & Gas Holdings (PRD) has amended its rig contract to proceed with drilling at MOU-6, with chief executive Paul Griffiths citing confidence that "well planning and pre-drill operational programmes are now compatible with the expected subsurface conditions" defined by earlier 2021-2023 drilling. Shares were little changed, down 0.39% to 2.9883p.
Hamak reports maiden 210,000oz resource at Akoko
Hamak Gold (HAMA) unveiled a maiden 210,000oz resource at its Akoko gold project, which chief executive Karl Smithson called "a defining milestone" for the company. The shares jumped 22.38% to 0.76p, the standout mover of the session.
Imaging Biometrics swings to profit in first half
Imaging Biometrics (IBAI) reported its first-half swing to profitability, which chief executive Trevor Brown described as "a decisive first step", with converting clinical momentum into recurring revenue now the focus for the second half. Shares rose 6.67% to 0.64p.
Premier African Minerals raises £550,000 for Zulu operations
Premier African Minerals (PREM) has issued 4bn new shares to raise £550,000 for working capital at its Zulu lithium project, while talks continue with offtake partner Canmax over a deadline extension. The heavy dilution weighed on the stock, which fell 12.35% to 0.0149p.
Total Graphite launches downstream products programme
Total Graphite (TGR) is launching a programme to develop High Purity Graphite, Expandable Graphite and Active Anode Material, with chairman Christian Dennis saying the move aims to "position the Company to participate across a much larger proportion of the graphite value chain". Shares slipped 5.88% to 0.8p.
Crimson Tide signs three-year APCOA parking contract
Crimson Tide (TIDE) has signed a three-year contract with parking operator APCOA, beating two rival platforms in a competitive process. Chief executive Jon Clarke noted APCOA already uses the company's mpro5 software in Ireland, giving it "exactly what our product does day to day". Shares rose 0.91% to 88.3p.
Conroy Gold launches £0.8m private placement
Conroy Gold and Natural Resources plans to raise up to £0.8m through a non-brokered private placement at 8p a share, funding continued exploration work in Ireland.
Sterling Digital fires up West Texas gas generators
Sterling Digital (ASIC) has brought online gas-fired generators in West Texas to power bitcoin mining operations. Chief executive Stefan Michaelides said "margins in Bitcoin mining are won on the cost of energy," positioning the low-cost power supply as a foundation for industry-leading profitability. Shares traded at 6.25p.
Bradda Head secures rig for Whistlejacket lithium drilling
Bradda Head Lithium (BHL) has secured a drilling rig for its Whistlejacket project, working toward a maiden resource estimate by the end of 2027. Shares fell 4.35% to 2.2p.
Rockfire drilling deepens Molaoi zinc-germanium mineralisation
Rockfire Resources (ROCK) reported that hole HMO-019 extended high-grade zinc, silver and germanium intersections 50 metres below a previous hit at its Molaoi project, with grades trending higher at depth. Shares dipped 2.33% to 0.105p.
LPA Group wins £1.4m railway order
LPA Group (LPA) secured a £1.4m contract to supply inter car jumper systems to a global train builder, with deliveries scheduled from February 2027 to May 2028. Shares edged up 0.71% to 85.6p.
KRM22 shows recurring revenue growth in first half
KRM22 (KRM) reported growth in recurring revenue for the first half, with chief executive Dan Carter saying the company looks to the second half "with a clear focus and confidence on achieving market forecasts". Shares fell 6.1% to 38.5p.
Abingdon Health revenue rises 31% and turns EBITDA positive
Abingdon Health (ABDX) expects full-year revenue of £11.3m for FY26 after confirming second-half EBITDA profitability, with further growth flagged for FY27. Shares rose 6.6% to 10.5p.
Amigo Resources reveals latest findings from Tanzania project
Amigo Resources (AMGO) reported initial geochemical screening at its Musensi Hill rare earth project showing elevated strontium, potassium and phosphorus, though the company cautioned the results cannot yet indicate REE grade or economic potential. Shares slipped 1.79% to 1.65p.
Nexteq wins mass production order for Tactila display tech
Nexteq (NXQ) secured a mass production order for its Tactila display technology, which chief executive Duncan Faithfull called "an important commercial validation of the investment we have made in this technology portfolio", framing it as evidence of the group's move beyond display hardware into complete systems. Shares gained 6.38% to 50.0p.
Ilika holds losses steady as Stereax turns commercial
Ilika (IKA) posted flat annual income of £1.1m and widened adjusted losses, but flagged its first revenue-generating orders from manufacturing partner Cirtec for its Stereax solid-state battery technology. Shares fell 8.77% to 26.0p.
EGT guides Wind Energy Services to £17-18m 2026 revenue
European Green Transition (EGT) said its Wind Energy Services business generated £8.5m in the first half and guided to £17-18m for the full year, underpinned by an expanding repowering orderbook. Shares traded at 9.5p.
Kooth adjusted EBITDA jumps in first half
Kooth (KOO) reported a jump in adjusted EBITDA for the first half, with chief executive Kate Newhouse citing continued registration growth "as we embed into the State's healthcare and educational systems". Shares fell 4.2% to 150.4p.
Cobra Resources advances Wudinna rare earth project toward production
Cobra Resources (COBR) is advancing its Wudinna rare earth project toward production, with managing director Rupert Verco noting the project has moved onto "the pathway to production" a little over two years after discovery. Shares rose 2.53% to 4.05p.
Billington shuffles top team as it pursues business transformation
Billington Holdings (BILN) is restructuring its leadership team, promoting Kevin Campbell to a new Group Strategic and Special Projects Director role from 1 August, while Dan Duffield steps up to lead Billington Structures. Shares rose 0.59% to 425.0p.
Chapel Down posts 19% revenue growth in first half
Chapel Down Group (CDGP) reported first-half revenue growth of 19%, with chief executive James Pennefather saying the company "took market share in a growing category" as momentum from 2025 continued into 2026. Shares slipped 1.18% to 43.48p.
Roadside Real Estate completes latest forecourt acquisition
Roadside Real Estate (ROAD) has completed its purchase of a Shropshire petrol station and bulk fuel distribution business generating 98.3m litres of annual fuel sales. Shares were roughly flat at 56.5128p.
Hostelworld revenue rises 12% as Elevate lifts margins
Hostelworld Group (HSW) delivered 12% revenue growth in the first half of 2026, with chief executive Gary Morrison noting in-app chat messages rose 65% year-on-year as social members increasingly outperform non-members on transactions and margin. Shares dipped 1.35% to 105.5591p.
Ecora sees Q2 portfolio contributions jump
Ecora Royalties (ECOR) reported a strong second quarter, with chief executive Marc Bishop Lafleche saying its "producing critical minerals portfolio continuing to demonstrate its cash generation potential". Shares rose 8.73% to 142.0p.
Hargreaves Services profit jumps on infrastructure growth
Hargreaves Services (HSP) delivered a jump in profit on infrastructure growth, with chair Roger McDowell citing "continued progress across the group" alongside significant capital returned to shareholders via dividends and buybacks. Shares gained 4.44% to 818.8p.
PayPoint says Q1 trading on track to meet FY27 expectations
PayPoint (PAY) said first-quarter trading was on track to meet full-year expectations, with chief executive Nick Wiles describing underlying performance as "consistent with our expectations". Shares fell 6.55% to 585.0p.
