Ocado tipped for 39% upside on Asda OSP deal
Ocado Group (LSE:OCDO) rose 7.1% to 223.0p after analyst Tintin Stormont initiated coverage with a Buy rating and a 310p price target, citing the recently announced Asda partnership as evidence of the Ocado Smart Platform's commercial appeal. The target implies roughly 39% upside from current levels.
Cerillion lands £42.5m Omantel transformation contract
Cerillion (LSE:CER) announced a £42.5m billing and customer management transformation project with Omani telecoms operator Omantel, a deal that doubled new orders and pushed the group's back-order book to record levels. CEO Louis Hall described the win as "a significant milestone in the ongoing development of the business." The shares slipped 3.6% to 1350.0p despite the news, likely reflecting some profit-taking after a strong prior run.
Checkit launches formal sale process with EC M&A
Checkit (AIM:CKT) named EC M&A as Joint Financial Adviser to manage discussions with interested parties under a Formal Sale Process, sending the shares up 4.0% to 26.0p. The company cautioned that no certainty exists that any offer will materialise from the process.
MedPal AI reports best trading month on record
MedPal AI (AIM:MPAL) shares gained 7.4% to 2.685p after the company reported its strongest month of trading to date, with CEO Jason Drummond citing the performance as "a powerful validation of our automated, technology-led model." The board said it sees "a clear runway for continued, profitable growth" from its current scale.
Insig AI raises £0.2m to fund Central Bank MCP trials
Insig AI (AIM:INSG) raised £0.2m to finance trials of its Central Bank Model Context Protocol venture, with total voting rights rising to 127.55m following the placing. The fundraise weighed on sentiment, with the shares falling 6.85% to 15.37p.
TPXimpact wins £16m Ministry of Justice contract
TPXimpact Holdings (AIM:TPX) surged 11.3% to 59.0p after securing a £16m contract with the Ministry of Justice to support the department's ongoing digital transformation programme. CEO Björn Conway said the company was "thrilled" to be working with the MoJ and welcomed the trust placed in the business to deliver the mandate.
EnSilica secures $75m seven-year automotive chip deal
EnSilica (AIM:ENSI) climbed 6.2% to 120.0p after the fabless microchip designer won a $75m, seven-year manufacturing and supply agreement to produce an Arm-based sensing chip for a tier-one German automotive components manufacturer. The contract represents a significant commercial validation for EnSilica's chip design capabilities in the automotive sector, and CEO Ian Lankshear's strategy of targeting high-value, long-duration supply relationships.
Deutsche Bank makes bullish case for IQE's IP moat
IQE (AIM:IQE) fell 6.0% to 47.65p, but Deutsche Bank analyst John Karidis issued a constructive note arguing the compound semiconductor wafer maker's intellectual property position is "hard to build" and that investors should "look to now and ahead, not back," said Karidis pointed to a stronger balance sheet footing as additional support for the bullish thesis, even as the shares remained under pressure on the day.
Amcomri acquires Enerveo's compliance and testing division
Amcomri Group (AIM:AMCO) completed the purchase of the National Compliance and Testing division of Enerveo's Infrastructure Solutions business, a subsidiary of SSE, through its GridCore Electrical Services subsidiary. The acquisition broadens Amcomri's electrical services footprint, though the shares eased 2.65% to 145.05p on the day of completion.
Redcentric beats earnings expectations on MSP strength
Redcentric (AIM:RCN) reported earnings ahead of market expectations, driven by performance in its managed service provider business, lifting the shares 3.6% to 129.5p. CEO Michelle Senecal de Fonseca said the group's "significantly strengthened balance sheet" following its data centre disposal leaves it well positioned to accelerate growth and deliver shareholder value in FY27 and beyond.
Analyst flags Cerillion's global billing ambitions
eToro market analyst Mark Crouch highlighted Cerillion's evolution from a niche domestic telecoms software provider into a credible global contender in billing and customer management systems, noting that its record order book underpins a stronger second half. Crouch's assessment reinforced the view that the Omantel win is part of a sustained international expansion rather than a one-off contract.
