Author: Fiona Craig

Hammerson plc (LSE:HMSO) has announced the appointment of Michelle McGrath as an Independent Non-Executive Director, effective from 9 March 2026, strengthening the board’s depth of experience across property and capital markets. McGrath previously served as an Executive Director at Shaftesbury Capital and earlier held responsibility for the property portfolio at Capital & Counties Properties, bringing extensive expertise in investment, asset management, leasing, marketing, and corporate finance within the UK listed real estate sector.

On appointment, McGrath will join Hammerson’s Remuneration Committee and Nomination & Governance Committee. At the same time, existing board member Robert Noel will step down from the Remuneration Committee, representing a focused refresh of the company’s committee structure and governance framework.

From a market perspective, Hammerson’s outlook is supported by positive technical indicators and the strategic significance of recent corporate developments, which have helped underpin investor confidence. These factors are tempered by ongoing financial challenges, particularly around profitability and cash generation. Valuation signals are mixed, with a relatively high P/E multiple balanced by a solid dividend yield.

More about Hammerson plc R.E.I.T.

Hammerson plc is a UK-listed real estate investment trust focused on owning, operating, and investing in commercial property assets. The group is active across investment, asset management, leasing, and marketing within its portfolio, positioning it as a significant participant in the UK listed real estate market.

Future plc (LSE:FUTR) has announced a series of board leadership changes following its annual general meeting. Former Senior Independent Director Mark Brooker has been appointed chair and head of the nomination committee, succeeding Richard Huntingford, who has stepped down. Alan Newman has taken on the role of Senior Independent Director while continuing as chair of the audit and risk committee. Angela Seymour-Jackson has been appointed chair of the remuneration committee alongside her existing position as chair of Go.Compare, with Ivana Kirkbride also joining that committee.

The changes represent a refresh of governance across several key oversight roles. At the AGM itself, shareholders approved all 21 resolutions with strong majorities, with around 75% of the issued share capital voting. The level of participation and support was seen as a clear endorsement of the company’s governance framework and overall strategic direction.

From a market perspective, the company’s outlook remains mixed. Financial performance continues to face pressure from declining revenue and profitability, while technical indicators point to ongoing bearish momentum. These headwinds are partly offset by a valuation that suggests the shares may be undervalued and by strategic initiatives outlined at the most recent earnings update, which offer some potential upside if execution improves.

More about Future plc

Future plc is a global specialist media group producing trusted, niche content across approximately 175 brands in a wide range of verticals. The group monetises its audiences through advertising, eCommerce affiliate partnerships, and direct consumer revenues such as subscriptions and magazine sales, with content distributed across websites, newsletters, video, print publications, and live events.

Tandem Group plc (LSE:TND) reported a resilient performance for the year ended 31 December 2025, with revenue increasing 6.2% to £26.2m despite subdued consumer confidence and ongoing macroeconomic pressures. A strong first half, tighter cost discipline, careful inventory management, and favourable currency movements supported improved profitability, with profit before tax and exceptional items expected to be slightly ahead of market expectations.

Performance varied across divisions. Toys, Sports and Leisure revenue fell 17.5% as discretionary spending weakened and retailer buying patterns shifted, although licensed wheeled products and own-brand ranges continued to make progress. By contrast, the Bicycles division delivered a 37.6% revenue increase, driven by strong demand for both electric and mechanical bikes and a solid performance in children’s bikes, supported by the launch of the new HOY range in collaboration with Sir Chris Hoy. Golf revenue rose 8.6%, benefiting from momentum in the Pro Rider portfolio, while Home & Garden sales surged 30.1% on strong demand for heating, cooling, and outdoor products, aided by trend-led new product launches.

Trading at the start of 2026 has been in line with management expectations. The group is targeting FY2026 revenue growth broadly in line with FY2025, alongside further margin and profit improvements. Growth plans are supported by new national retail partnerships, continued product innovation, opportunities for European expansion, and a robust balance sheet. Tandem is due to publish its full-year 2025 results on 23 March 2026, with a presentation to be made available on its website.

From a market perspective, the outlook remains mixed. While improved profitability and recent insider share purchases provide positive signals, bearish technical indicators, a relatively high P/E multiple, the absence of a dividend, and negative cash flow weigh on sentiment.

More about Tandem Group plc

Tandem Group plc is an AIM-listed company that designs, develops, distributes, and retails sports, leisure, and e-mobility products. Its portfolio includes toys, sports and leisure equipment, bicycles and e-bikes, golf products, and an expanding home and garden range, with a focus on branded, licensed, and own-label products sold through national retail and distribution partners.

Victrex plc (LSE:VCT) has reported a softer start to its 2026 financial year, with first-quarter sales volumes down 4% and revenue declining 6% year on year. Growth in the Energy & Industrial segment was offset by weaker demand across transport, value-added resellers, and medical markets, although average selling prices remained broadly stable.

Management noted that volumes year to date to the end of January have now recovered to broadly match the prior year following a stronger January, but revenues remain slightly lower due to sales mix effects. The group reiterated its expectation that FY2026 will be a transitional year, weighted toward the second half, with first-half performance likely to fall short of last year’s levels.

Victrex ended the quarter with modest leverage, reporting net debt of £21.1m ahead of a significant dividend payment. The company continues to advance its Profit Improvement Plan, which focuses on simplifying the portfolio, improving operational efficiency, and reducing overheads. The programme is targeting at least £10m of annualised cost savings by FY2027, with the aim of strengthening competitiveness, lifting profitability, and supporting more sustainable medium- to long-term growth.

Overall, the company’s outlook reflects a stable balance sheet with strong equity backing and low leverage. Technical indicators point to some short-term bullish momentum, while valuation appears supportive given a relatively high dividend yield. These positives are tempered by ongoing challenges around revenue growth, profitability, and cautious sentiment following recent earnings commentary.

More about Victrex plc

Victrex plc is a UK-based specialist in high-performance polymer solutions, supplying advanced materials and increasingly semi-finished and finished components to markets including automotive, aerospace, energy and industrial, electronics, and medical. Its products are used in applications ranging from consumer electronics and vehicles to aircraft, energy systems, and medical devices, with the group positioning itself as an innovation-led supplier focused on performance, sustainability, and long-term value creation.

Jangada Mines plc (LSE:JAN) has reported encouraging exploration results from trenching, soil sampling, and drilling at its Paranaíta Gold Project in Brazil. Work at the TP-02 target has confirmed an 800-metre-long mineralised structure, with trench samples returning gold grades of up to 4.3 g/t. Additional soil sampling at the TP-3.2 area delivered strong results of up to 6.4 g/t, further highlighting the project’s potential.

The company has now completed around 1,100 metres of drilling, with initial assays from the first drill hole intersecting multiple mineralised zones grading up to 3.1 g/t over a combined 16.2 metres. Management said the results support its strategy to outline a shallow, open-pit mining operation and to significantly expand the existing JORC-compliant gold resource from 210,000 ounces toward a target of around 350,000 ounces, potentially increasing the project’s scale and value in the current gold price environment.

From a financial perspective, Jangada remains pre-revenue and continues to report losses and cash outflows, although it carries no debt. Technically, the shares show comparatively stronger signals, trading above key moving averages with moderately positive momentum. Valuation remains constrained by negative earnings and the absence of dividend support.

More about Jangada Mines plc

Jangada Mines plc is an AIM-quoted natural resources development company focused on Brazil, with gold as its primary commodity. The group’s core asset is the 7,211-hectare Paranaíta Gold Project, located in the Alta Floresta-Juruena Gold Province, where it is advancing open-pittable gold targets and working to expand compliant mineral resources under international reporting standards.

Finseta plc (LSE:FIN) has named Andrew Richards as interim Chief Financial Officer with immediate effect, following its recent update on the transition of its finance leadership. Richards has around 25 years’ experience across financial services and insurance, having held senior finance roles at life insurance consolidator Chesnara plc, alongside an earlier career at Deloitte.

Richards will work closely with outgoing CFO Judy Happe over the coming weeks to ensure a smooth handover, while the board continues its search for a permanent finance chief. The appointment is intended to provide continuity and reinforce financial oversight as Finseta continues to execute its growth strategy in international payments and multi-currency services.

Overall sentiment around the company reflects improving financial performance and a high degree of management confidence, supported by strategic initiatives and recent director share purchases. These positives are partly offset by bearish technical indicators and a valuation that appears moderate, suggesting a degree of caution in the near term.

More about Finseta plc

Finseta plc is a London-headquartered foreign exchange and payments group providing multi-currency accounts and payment solutions to both businesses and individuals. Using its proprietary technology platform combined with a high-touch service model, the company enables complex cross-border payments across more than 165 countries and 150 currencies. Finseta is regulated through its subsidiaries by the UK Financial Conduct Authority as an Electronic Money Institution, by Canada’s FINTRAC as a Money Services Business, and by the Dubai Financial Services Authority under a Category 3D licence.

Neo Energy Metals plc (LSE:NEO) has sought to reassure shareholders that its delayed Annual Financial Report for the year ended 30 September 2025 is close to completion. The company said publication is now expected in the week commencing 16 February 2026, following confirmation from its external auditors.

Trading in the company’s shares was temporarily suspended on the London Stock Exchange due to the short delay in finalising the accounts. Management expects the suspension to be lifted once the report is released, subject to standard exchange processes, and estimates the overall disruption to listing and trading will be limited to around two weeks. The company added that it is taking steps to strengthen internal controls to prevent similar delays in future, underlining a focus on improving governance and maintaining investor confidence.

More about Neo Energy Metals plc

Neo Energy Metals plc is a uranium development and mining company listed on the main market of the London Stock Exchange and South Africa’s A2X Markets. Through its South African subsidiaries, the group is assembling a sizeable uranium and gold portfolio, including 100% interests in the Beisa North and Beisa South Uranium and Gold Projects and the Beatrix 4 mine and processing complex in the Witwatersrand Basin. These assets together represent a SAMREC-compliant resource of 117 million pounds of U₃O₈ and more than 5 million ounces of gold. The company also holds up to a 70% interest in the advanced Henkries Uranium Project and a 100% stake in Henkries South, extending its uranium-bearing paleo-channel strike length to 46km in South Africa’s Northern Cape, and is led by a board with extensive experience in Southern African uranium and mineral development.

The Property Franchise Group PLC (LSE:TPFG) has responded positively to the Financial Conduct Authority’s interim review of the UK pure protection market, which concluded that product distribution is generally functioning effectively and delivering favourable outcomes for consumers. The regulator highlighted strong claims acceptance rates, low complaint levels, and indicated that no significant market-wide intervention is expected.

The group noted that the FCA’s comments on pricing practices and panel structures align closely with the approach already taken within its Financial Services division. TPFG also pointed to the regulator’s identification of a substantial “protection gap” and the added regulatory clarity provided by the report as reinforcing its confidence in the long-term opportunity to expand its involvement in helping customers access protection products.

From a performance perspective, the company continues to be supported by solid revenue growth and profitability, alongside constructive corporate developments and management confidence. While technical indicators suggest the potential for some short-term share price headwinds, valuation measures imply the stock is currently fairly priced.

More about The Property Franchise Group PLC

The Property Franchise Group PLC is the UK’s largest multi-brand property franchisor, operating a network of more than 1,946 outlets delivering residential property services, complemented by an established Financial Services arm. Founded in 1986, the AIM-listed group now owns 18 high-street and hybrid brands nationwide and participates in two major mortgage networks through its brokers Brook Financial (MAB) and The Mortgage Genie (Primis). Headquartered in Bournemouth, TPFG joined the AIM 100 index in July 2024.

Ondine Biomedical Inc. (LSE:OBI) has seen its Steriwave nasal photodisinfection technology recognised in the UK after a joint project with Mid Yorkshire Teaching NHS Trust won the Excellence in Healthcare Partnership Award. The local evaluation focused on orthopaedic surgery and reported a 71% reduction in surgical site infections in hip procedures, with no infections recorded in knee surgeries over the assessment period, alongside measurable cost savings.

The award win, together with the partnership’s shortlisting for the HSJ Partnership Awards, highlights increasing NHS interest in non-antibiotic approaches to infection prevention as concerns around antimicrobial resistance continue to grow. The results support broader deployment of Steriwave across English hospitals through Ondine’s distribution agreement with Mölnlycke Health Care, reinforcing its role as an alternative to traditional antibiotic-based protocols.

Despite the operational and clinical momentum, the company’s overall outlook remains challenged by financial pressures. Strong revenue growth has yet to translate into profitability or sustained positive cash flow, while technical indicators continue to point to negative share price momentum. Valuation metrics also remain unattractive, reflecting the early-stage and loss-making nature of the business.

More about Ondine Biomedical, Inc.

Ondine Biomedical Inc. is a Canadian life sciences company specialising in light-activated antimicrobial therapies, known as photodisinfection, for the prevention and treatment of infections, including those caused by multidrug-resistant organisms. Its proprietary Steriwave nasal photodisinfection system is approved in several international markets and is under clinical evaluation in the US, with a broader development pipeline targeting areas such as chronic sinusitis, ventilator-associated pneumonia, and burn-related infections.