A cluster of upgraded guidance statements dominates this morning's small-cap news flow, with gaming, fashion and animal genetics groups all pointing to stronger-than-expected trading. Contract wins at IQE and Capita add to the positive tone, while Robert Walters signalled that the worst of the recruitment downturn may be behind it.
Rank Group lifts profit outlook
The Rank Group (RNK) upgraded its full-year profit expectations, with chief executive Richard Harris crediting progress on the company's growth plan despite what he described as significant cost and taxation headwinds during the year. The improved outturn reflects execution against the group's strategic priorities across its venues and digital operations.
Boohoo flags second guidance upgrade in nine months
Boohoo Group (DEBS) issued its second upgrade to guidance in nine months, pointing to the strength of its platform model and diversified product range. Chief executive Dan Finley said the structure allows the business to pivot quickly and capitalise on shifting consumer demand, underpinning the improved outlook.
Genus raises FY26 outlook on China joint venture boost
Genus lifted its outlook for the current financial year, now expecting full-year profit moderately ahead of market consensus. The upgrade follows a strong second-half trading performance combined with a substantial cash injection from the group's Chinese joint venture, strengthening the balance sheet alongside the improved earnings trajectory.
IQE wins $14m AI datacentre production order
Iqe (IQE) secured a $14m production order tied to AI datacentre infrastructure, with the contract expected to build over the coming years. Chief executive Jutta Meier said the win underlines the company's role supporting high-performance infrastructure from the datacentre to the network edge, enabled by its differentiated epitaxy portfolio.
Capita lands £54m of British Army contracts
CAPITA (CPI) secured £54m of contracts tied to the British Army, providing training services under a wider £2bn, 15-year programme delivered as part of a consortium led by Raytheon UK. The award extends Capita's presence in long-term defence and public sector services work.
Robert Walters says H1 trading in line as decline eases
Robert Walters (RWA) reported first-half trading in line with expectations, with the pace of decline in recruitment activity easing during the period. Chief executive Toby Fowlston said the group remains focused on delivering the performance expected for the full year, pointing to signs of stabilisation across its markets.
