Category: Market News

Intercede Group PLC (LSE:IGP), a leading cybersecurity software provider specializing in digital identity solutions, reported that first-half FY26 revenue is expected to come in at approximately £8.21 million, representing a 3.9% year-on-year decline. The company attributed the dip to temporary delays in US federal contract awards but emphasized that its strategic shift toward a subscription-based revenue model is gaining traction.

License revenue grew strongly during the period, driven primarily by the rapid uptake of subscription licenses. Intercede also secured several new contracts and renewals, including notable deals in the US and Asia, underscoring the company’s expanding global client base and deepening partner ecosystem. Management reiterated confidence in delivering a solid full-year performance despite the short-term revenue pressure.

Intercede maintains a strong balance sheet and favorable technical indicators, which support its positive outlook. However, concerns around near-term revenue softness and cash flow constraints, combined with a moderate valuation, temper the overall sentiment.

About Intercede

Intercede is a cybersecurity software company that protects against credential-based breaches through digital identity solutions. Its technology supports secure registration, ID verification, password management, and Public key infrastructure (PKI), enabling customers to move toward passwordless authentication environments. The company serves clients worldwide in sectors including government, aerospace, defense, financial services, healthcare, and telecommunications.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

ITM Power (LSE:ITM) has announced that all resolutions were successfully approved at its Annual General Meeting. Among the key decisions was the appointment of BDO LLP as the company’s new auditor, effective immediately, replacing Grant Thornton LLP.

The AGM also marked notable changes in the board’s composition, with Sir Warren East and John Howarth joining as Non-Executive Directors. These appointments signal a potential shift in governance strategy and oversight, which could influence ITM Power’s future operations and engagement with stakeholders.

While the company continues to face financial pressures — particularly around profitability and cash flow — recent earnings updates offered some encouraging signs, including revenue growth and strategic progress. Technical indicators and valuation metrics, however, remain subdued.

About ITM Power

Founded in 2000 and listed on the AIM market of the London Stock Exchange since 2004, ITM Power is headquartered in Sheffield, England. The company specializes in the design and manufacture of electrolysers based on Proton-exchange membrane fuel cell (PEM) technology to produce green hydrogen from renewable electricity and water, supporting the transition to net-zero energy solutions.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Jangada Mines PLC (LSE:JAN) has released a promising exploration update for its Paranaíta Gold Project in Brazil, marking a key step toward expanding its gold resource base. The company is targeting an increase in resources from 210,000 ounces to approximately 350,000 ounces under JORC Code standards and intends to accelerate a Preliminary Economic Assessment focused on developing a high-grade, open-pit mine.

Exploration progress to date has been substantial: 21 of 31 planned trenches have been excavated, a 700-metre vein with visible gold mineralization has been identified, and a drilling contract has been signed for 1,800 metres of diamond drilling. These developments are expected to strengthen Jangada’s position in the gold sector and support the creation of long-term value for shareholders.

About Jangada Mines

Jangada Mines is a natural resource development company operating in Brazil, with a primary focus on gold exploration and development. Its flagship asset, the Paranaíta Gold Project, is located in the Alta Floresta-Juruena Gold Province, an area known for its high mineral potential.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Tern Plc (LSE:TERN) has announced a significant overhaul of its remuneration framework, cutting fixed pay for its board and executive team while pledging to share proceeds from successful investment exits with shareholders. As part of the new structure, key executives will see their base salaries reduced by 50%, with future compensation more closely tied to performance.

The company has also committed to distributing at least 50% of net proceeds from any investment exit exceeding £1 million, aiming to more directly align management incentives with shareholder value creation. This shift reflects Tern’s ongoing focus on maximizing returns from its portfolio while maintaining disciplined cost control.

Despite the strategic changes, the company continues to face financial headwinds, including declining revenues and sustained negative profitability. Technical indicators point to a bearish market trend, and valuation remains under pressure due to a negative P/E ratio and the absence of dividend payouts.

About Tern Plc

Tern Plc is an investment company focused on supporting early-stage, high-growth businesses in the disruptive Internet of Things (IoT) sector.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Petro Matad Limited (LSE:MATD) has released an operational update showcasing better-than-expected results from the Gazelle-1 well test, which achieved a peak flow rate of approximately 460 barrels of oil per day. The company has made the completion and production start-up of Gazelle-1 its top priority, with first oil anticipated before the end of October.

In addition to Gazelle-1, Heron-2 well has begun pumping operations, while the electrification of Heron-1 well has been finalized, a move expected to lower both operating costs and carbon emissions. Looking ahead, Petro Matad intends to conduct testing at Gobi Bear-1 well in April 2026, after deferring the program due to scheduling constraints.

About Petro Matad

Petro Matad is an AIM-listed oil exploration and production company based in Mongolia. Its operations focus on expanding domestic oil production capacity and developing its portfolio of assets across key Mongolian fields.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Polar Capital Holdings (LSE:POLR) has announced a 15% increase in assets under management (AuM) for the quarter ending September 2025, pushing total AuM to a record £26.7 billion. The rise was primarily driven by strong investment performance and favorable market movements, partially offset by net outflows of £58 million.

Investor appetite remained particularly strong for Polar Capital’s high-growth strategies focused on Artificial Intelligence and Global Technology. Meanwhile, strategies centered on the European and UK markets experienced net outflows. The company emphasized that its continued strategic emphasis on technology has positioned it to navigate ongoing macroeconomic volatility effectively. The newly appointed CEO also expressed confidence in delivering sustainable long-term value for both clients and shareholders.

The company’s financial profile remains solid, supported by robust cash flow generation and low leverage. Its valuation is considered attractive, though technical signals point to a short-term bearish trend, tempering the otherwise positive outlook.

About Polar Capital Holdings

Polar Capital is a specialist active asset manager providing investment solutions across a diverse fund range, including open-ended funds, investment trusts, and segregated mandates. The firm has built a strong presence in technology and artificial intelligence investment strategies, benefiting from favorable sector dynamics.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Cloudbreak Discovery PLC (LSE:CDL) has announced it has secured an exclusive option to acquire the Crofton Gold Project in Western Australia. The site is known for strong historical sampling results indicating high-grade gold and silver mineralization. This strategic move supports Cloudbreak’s objective of expanding its gold portfolio at a time when global gold prices are hovering near record highs.

The company plans to conduct additional geological mapping and define drill targets over the coming months, with work on the project expected to extend through the end of 2025. Management sees the acquisition as an opportunity to unlock exploration upside and create meaningful long-term value for shareholders through a pipeline of high-priority targets.

Despite this promising development, Cloudbreak continues to face significant financial headwinds. The company has no revenue and remains loss-making, with technical indicators showing only limited short-term momentum. Valuation remains weak due to its negative P/E ratio. While strategic restructuring offers a glimmer of optimism, these efforts have yet to materially improve financial performance, making the stock a high-risk investment that warrants close monitoring.

About Cloudbreak Discovery PLC

Cloudbreak Discovery is an exploration company focused on gold, precious metals, and base metals in Western Australia. Its strategy centers on generating near-term cash flow and shareholder value through a diverse portfolio of mineral assets. The company employs a generative investment model designed to capitalize on opportunities throughout the commodity cycle.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Zephyr Energy plc (LSE:ZPHR) has announced the launch of a US$100 million strategic partnership with a U.S.-based investor aimed at expanding its non-operated asset portfolio. Under the terms of the agreement, the investor will fund 100% of the initial capital expenditure required to drill and equip new wells across the U.S. Rocky Mountains.

The initiative is designed to boost Zephyr’s production base and strengthen cash flow, combining the company’s operational expertise in the region with its partner’s financial backing. The expansion aligns with Zephyr’s broader strategy of growing its non-operated portfolio in key U.S. basins.

While the company faces ongoing financial challenges — including negative net income and free cash flow — technical indicators suggest some bullish momentum. Valuation remains pressured by a negative P/E ratio, and limited corporate updates provide little additional insight.

About Zephyr Energy

Zephyr Energy is a technology-driven oil and gas company focused on responsible resource development in the Rocky Mountain region of the United States. Its flagship holding is a 46,000-acre lease position in the Paradox Basin in Utah, complemented by a growing portfolio of non-operated wells in surrounding basins. The company emphasizes disciplined capital management and environmental stewardship in its development strategy.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Mobico Group (LSE:MCG) has announced that its subsidiary, ALSA, has secured a major eight-year contract in Saudi Arabia worth €500 million. The deal, signed in partnership with a local operator, will involve the deployment of 156 vehicles — including 126 electric buses — to support transport operations at Qiddiya, a major entertainment hub located near Riyadh.

The contract represents a strategic expansion for Mobico in the Middle East and reinforces ALSA’s position as a competitive player in sustainable, large-scale transportation solutions.

Despite this milestone, Mobico continues to face financial headwinds. The company has struggled with persistent net losses and elevated leverage levels. Technical signals currently indicate a bearish trend, and its valuation remains pressured by a negative P/E ratio and the absence of a dividend. While recent earnings pointed to encouraging revenue growth, operational and debt-related challenges remain key concerns for investors.

About Mobico Group

Mobico is an international shared mobility provider, offering bus, coach, and rail services across the UK, North America, continental Europe, North Africa, and the Middle East.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Secure Trust Bank PLC (LSE:STB) has issued a trading update for the financial year ending December 2025, outlining a major strategic move to wind down its Vehicle Finance business. The run-off decision is intended to strengthen long-term returns, with the bank expecting an improvement in Return on Average Equity over time.

Although the net lending book contracted by 4.1% in the third quarter, the bank’s Core business delivered robust growth of 10.3% year-on-year, supported by strong performance in its Retail Finance and Real Estate Finance segments. The withdrawal from Vehicle Finance has, however, resulted in higher-than-anticipated impairment charges and may require further provisions for onerous supplier contracts.

Secure Trust Bank now forecasts that its underlying profit before tax for FY25 will be up to £9 million below market expectations. Even so, the bank still anticipates approximately 30% year-on-year growth in underlying profit before tax.

Valuation metrics remain encouraging, with an attractive P/E ratio and dividend yield providing notable positives for investors. While technical indicators suggest a generally upward trend, short-term momentum is more mixed. The bank’s financial position appears stable overall, though profitability and cash flow challenges have been highlighted as areas requiring improvement.

About Secure Trust Bank

Secure Trust Bank is a long-established UK retail bank with more than 70 years of history, headquartered in Solihull, West Midlands. It operates through Real Estate Finance and Commercial Finance divisions under its Business Finance segment, and through its Retail Finance division on the consumer side. The bank is authorized by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.