A recommended cash takeover bid and a reverse takeover into AI content creation headline a busy morning for small and mid-cap news. Ramsdens Holdings (AIM:RFX) becomes the latest UK pawnbroker to fall to US consolidator FirstCash, while Tiger Alpha (AIM:TIR) plans to shed its royalties identity entirely in favour of an AI-powered creative platform. Elsewhere, results from Severfield, Telecom Plus, and Dialight round out a morning heavy with corporate news.
Tiger Alpha to rebrand as Potentially AI in reverse takeover
Tiger Alpha (AIM:TIR) has agreed to acquire Potentially, a Cyprus-incorporated AI-powered content creation platform, in a transaction structured as a reverse takeover. The deal will trigger a readmission process to AIM, with the enlarged group to be renamed Potentially AI. The move marks a complete strategic pivot for the former royalties vehicle, repositioning it squarely in the AI creative tools market.
FirstCash launches recommended cash takeover of Ramsdens
Ramsdens Holdings (AIM:RFX) has received a recommended cash takeover offer from US pawnbroking giant FirstCash Holdings, to be implemented via a court-sanctioned scheme of arrangement. The acquisition extends FirstCash's UK footprint less than a year after it completed the purchase of rival H&T, making Ramsdens its second major British pawnbroking acquisition in quick succession. The Ramsdens board has recommended shareholders vote in favour of the scheme.
Hercules flags project delays but backs repositioned platform
Hercules (AIM:HERC) told shareholders at its AGM that a number of key project starts have slipped, introducing near-term uncertainty into the construction and labour services group's order flow. Management nonetheless expressed confidence in the company's repositioned operating platform, pointing to infrastructure spending tailwinds as the basis for a positive medium-term outlook.
Severfield flags FY27 as another transition year after profit falls
Severfield (LSE:SFR) reported full-year underlying profit of £10.5 million, a sharp decline year-on-year despite broadly stable revenue, as competitive pricing pressure and project delays weighed on margins throughout the period. The structural steel group cautioned that FY27 will be another transition year, signalling that a meaningful recovery in profitability remains some way off as the business works through a difficult pricing environment.
Big Technologies reaffirms 2026 guidance on US and Latin America wins
Big Technologies (AIM) confirmed full-year trading remains in line with market expectations after securing a three-year contract renewal in Guatemala and six new wins in the United States since April. The electronic monitoring group said momentum is building across both regions, providing a solid underpinning for its unchanged 2026 guidance.
Bunzl upgrades full-year outlook on North America recovery
Bunzl (LSE:BNZL) upgraded its 2026 full-year guidance after reporting first-half revenue growth of around 4% at constant exchange rates, with its North America Distribution division recovering broadly as management had anticipated. The international distribution group said the improvement in its largest division gives it confidence to lift the annual outlook.
Vast Resources pushes Gulf International Minerals deadline to July
Vast Resources (AIM:VAST) has extended the long-stop date on its proposed reverse takeover of Gulf International Minerals by one month to 31 July. The extension gives both parties additional time to satisfy the conditions required to complete the transaction.
Angus Energy lifts Saltfleetby output 30% with £9.5 million first-half revenue
Angus Energy (AIM:ANGS) reported first-half revenue of £9.5 million after well intervention work at its Saltfleetby gas field lifted production by approximately a third. The UK onshore gas producer has also put in place hedging arrangements covering 12.3 million therms through mid-2027, providing meaningful near-term revenue visibility.
Tern records £5.1 million loss as portfolio write-downs cut net assets
Tern (AIM:TERN) posted a full-year loss of £5.1 million for 2025, deepening from the prior year as fair value write-downs of £4.1 million across its IoT portfolio reduced net assets to £6.9 million. The AIM-listed technology investor said the write-downs reflected a reassessment of carrying values across several holdings.
Dialight underlying profit more than doubles as transformation delivers
Dialight (AIM:DIA) reported underlying operating profit of $10.3 million for the year ended 31 March, more than double the $4.2 million recorded a year earlier, as its multi-year transformation programme continued to bear fruit. The industrial LED lighting group achieved the improvement even as revenue fell 9%, pointing to a significant recovery in operational efficiency and cost discipline.
Dekel Agri-Vision draws down €10.9 million in bond refinancing first tranche
Dekel Agri-Vision (AIM:DKL) completed the first tranche of its €13.3 million bond refinancing, drawing down approximately €10.9 million and retiring 84% of its existing bond principal in the process. The West African agriculture company said the refinancing strengthens its balance sheet ahead of the next phase of operations.
Ondo InsurTech closes placing bookbuild to fund new orders
Ondo InsurTech (AIM) confirmed its placing bookbuild has closed, with full terms and a completion timetable to be set out in a further announcement. The fundraise is intended to support the fulfilment of new orders secured by the business.
Iomart swings to £4 million loss as customer churn bites
Iomart Group (AIM) posted an adjusted pretax loss of £4 million for the year to 31 March, reversing a £6.5 million profit in the prior year, as customer departures at the UK cloud services group outpaced new order bookings. The deterioration in margins reflects the impact of churn on a largely fixed-cost infrastructure base, and management faces the challenge of rebuilding the customer base to restore profitability.
Symphony Environmental returns to profit in 2026 after restructuring
Symphony Environmental Technologies (AIM:SYM) reported a widened operating loss for 2025 but said restructuring work carried out during the year has delivered a net profit in the first five months of 2026. The oxo-biodegradable plastics specialist said the turnaround reflects improved margins following the cost and operational changes implemented over the past year.
Intercede posts near £9 million in post-year-end orders as FY27 opens strongly
Intercede Group (AIM:IGP) reported a marginal revenue decline for the year ended 31 March but said nearly £9 million in contract orders secured after the period end signals a stronger opening to FY27. The cybersecurity software group said the post-year-end order flow demonstrates continued demand for its digital identity and credential management solutions.
Journeo wins £1.3 million bus safety order from Metroline Manchester
Journeo (AIM:JNEO) has won a £1.3 million contract to supply digital CCTV and camera monitoring systems for new electric buses joining Metroline Manchester's fleet. The order adds to the AIM-listed transport technology company's growing pipeline of bus safety and passenger information contracts across the UK.
Strategic Minerals finds tin and tungsten beyond Redmoor resource boundary
Strategic Minerals (AIM) has returned mineralised intersections north of the modelled resource boundary at its Redmoor project, following additional assay work on 2025 drill core. A second active drillhole is advancing toward target depth, and the new results raise the prospect of an expanded resource envelope at the Cornish tin and tungsten project.
Tertiary Minerals outlines Zambian silver-copper target as cash nears critical low
Tertiary Minerals (AIM:TYM) has published a JORC exploration target of between 15 and 30 million tonnes at its Mushima North silver-copper project in Zambia. The announcement comes as the AIM-listed explorer's cash balance has fallen to just £78,000, placing significant pressure on the company to secure funding ahead of a planned drilling restart.
B.P. Marsh collects £5.1 million deferred payment from Aspira disposal
B P Marsh Partners (AIM:BPM) has received a £5.1 million deferred payment from the 2024 sale of Aspira Corporate Solutions, bringing total proceeds from the disposal to £14.3 million. The specialist financial services investor said the receipt represents the second deferred payment under the terms of the original transaction.
Arkle Resources pivots entirely to Namibian uranium after 2025 loss
Arkle Resources (AIM:ARK) closed 2025 with a £2 million operating loss but has since repositioned the business entirely around uranium exploration licences in Namibia's Erongo Region following a recent acquisition. The AIM-listed explorer said the strategic shift reflects its conviction in the uranium opportunity and marks a clean break from its previous portfolio focus.
Supersearch Plus faces trading suspension over accounts filing failure
Supersearch Plus (AQSE) has warned it will be unable to file its 2025 annual accounts by the 30 June regulatory deadline, triggering a suspension of its AQSE-listed shares. The Hong Kong frozen seafood importer said it cannot meet the filing requirement in time, leaving the suspension timeline dependent on when the accounts can be completed and submitted.
Filtronic wins new mmWave contract and nudges profit forecast higher
Filtronic (AIM) enters FY2027 with a full order book after beating adjusted EBITDA expectations for the year ended 31 May, and has secured a new millimetre-wave contract that adds to its existing pipeline. The RF solutions maker also tweaked its profit forecast modestly higher, reflecting the improved trading momentum heading into the new financial year.
Telecom Plus sets one million multiservice customer target in five-year plan
Telecom Plus (LSE) unveiled a five-year strategic plan targeting a doubling of its high-value multiservice customer base to reach one million customers, underpinned by a £55 million annual investment programme. The Utility Warehouse owner set a target of approximately £175 million in adjusted pre-tax profit by FY31, framing the plan as a deliberate investment phase ahead of a step-change in earnings.
Telecom Plus beats profit target but warns of sharp near-term earnings dip
Telecom Plus reported full-year adjusted profit ahead of £132 million but cautioned that next year's figure will fall to between £80 million and £90 million as the cost of its five-year growth plan begins to flow through the income statement. The multi-utility platform said the earnings reduction is a deliberate consequence of the investment required to double its customer base by 2031, and that the longer-term profit trajectory justifies the near-term hit.
SEGRO logistics JV prices €650 million seven-year bond at 4%
Segro (LSE:SGRO)'s European Logistics Partnership joint venture has priced a €650 million senior unsecured bond at an annual coupon of 4%, with a seven-year maturity. The transaction provides the logistics property partnership with long-term fixed-rate financing to support its European portfolio.
LondonMetric confirms post-acquisition intentions for Urban Logistics REIT
LondonMetric Property (LSE:LMP) confirmed it has followed through on its stated post-offer intentions regarding its acquisition of Urban Logistics REIT, satisfying a 12-month disclosure requirement under the City Code on Takeovers and Mergers. The confirmation is a regulatory formality required of all acquirers at the one-year mark following a completed offer.
NCC Group joins OpenAI's invite-only Daybreak Cyber Partner Program
NCC Group (LSE:NCC) has been admitted to OpenAI's invite-only Daybreak Cyber Partner Program, gaining access to a configured version of GPT-5.5 to research defensive security applications. The cybersecurity firm said the partnership positions it to develop AI-augmented threat detection and response capabilities ahead of broader commercial deployment.
Wizz Air discloses Omnibus Plan share awards to non-executive directors
Wizz Air Holdings (LSE:WIZZ) disclosed share plan awards granted to three non-executive directors under its Omnibus Plan, with the grants dated 15 July 2025. The disclosure is a routine regulatory notification of director remuneration under the plan's terms.
Plus500 extends stock and ETF CFD trading to 24 hours a day
Plus500 (LSE:PLUS) has launched round-the-clock CFD trading on stocks and ETFs, extending its platform to 24 hours a day, five days a week. The fintech group launched the expanded service with a CFD contract on SpaceX as its first instrument under the new trading hours regime.
