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Avingtrans plc (LSE:AVG) has announced that its US subsidiary, Hayward Tyler Inc., has secured two major contracts valued at more than $16 million with Korea Hydro & Nuclear Power. The agreements cover the supply of safety-related pumps and critical spare parts, underscoring Avingtrans’ growing presence in South Korea and reinforcing its role in the international nuclear sector. These contracts are expected to strengthen the group’s financial performance in FY26 and FY27, supported by increasing global demand for nuclear safety technologies amid a favorable political and industry backdrop.

The company’s outlook benefits from strong technical momentum and recent strategic wins, pointing to sustained growth opportunities. While Avingtrans continues to face financial pressures, particularly around cash flow and profitability, its positioning in high-value, safety-critical markets provides a constructive long-term perspective. Valuation challenges remain, with elevated P/E ratios signaling caution for investors.

About Avingtrans

Avingtrans plc is an engineering group that designs, manufactures, and supplies specialized equipment, systems, and aftermarket services to the energy, medical, and industrial sectors. Its portfolio includes Hayward Tyler, a leader in performance-critical pumps and motors; Energy Steel, which provides custom fabrications for the nuclear industry; and other business units delivering safety-critical technologies, precision gear metering pumps, and advanced MRI systems.

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.

GoldStone Resources Limited (LSE:GRL) has reported continued progress at its Homase Mine in Ghana, with a recent gold pour totaling around 355.6 ounces. The company is moving ahead with its heap leach expansion, having finalized civil engineering designs and ordered key materials. GoldStone remains focused on achieving its production target of 48,000 tonnes of ore per month, aiming to sustain its output levels through 2025.

The company’s outlook remains clouded by financial pressures, including ongoing profitability and cash flow challenges. Technical indicators point to a bearish trend, weighing further on sentiment. Although recent operational milestones reflect improvement, risks tied to boardroom changes and confidentiality issues continue to create uncertainty. Valuation metrics also mirror these difficulties, contributing to a more cautious overall assessment.

About GoldStone Resources

GoldStone Resources Limited is a mining and development company listed on AIM, with operations in Ghana. Its primary focus is the Akrokeri-Homase project in the Ashanti Gold Belt, a region with a strong history of gold production. The company is engaged in both exploration and active mining, with the goal of expanding its portfolio of high-quality gold assets across the Homase Trend and surrounding areas.

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.

Tekmar Group plc (LSE:TGP) has issued a trading update for the financial year ending September 2025, noting a healthy pipeline of bids but slower-than-expected conversion into firm orders. This has shifted part of its expected revenue into FY2026, weighing on the outlook for the second half of FY2025. Nevertheless, the company anticipates breaking even on an adjusted EBITDA basis for the year, an improvement compared with its first-half loss. Under the leadership of CEO Richard Turner, Tekmar is advancing “Project Aurora,” a strategy designed to boost medium-term value through stronger order intake, disciplined cash management, and expansion into new business lines. Growth in the Offshore Energy Services division and targeted mergers and acquisitions remain central to enhancing shareholder returns.

While profitability and cash flow pressures continue to shape Tekmar’s short-term outlook, the company has recently secured major contracts and undergone leadership changes that strengthen its long-term prospects. Technical indicators suggest neutral momentum with room for upside, though valuation remains constrained by ongoing losses.

About Tekmar Group plc

Tekmar Group plc is a global provider of offshore asset protection technology and energy services, with a strong presence in offshore wind and marine infrastructure. With nearly four decades of industry experience, the company delivers geotechnical design, subsea protection systems, and customized engineering solutions aimed at reducing risk, improving safety, and lowering project costs. Headquartered in Newton Aycliffe, UK, Tekmar operates internationally across Europe, Africa, the Middle East, Asia-Pacific, and North America through offices and strategic partnerships.

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.

Wizz Air Holdings Plc (LSE:WIZZ) reported robust performance in August 2025, with passenger traffic rising 11.4% year over year to 6.91 million travelers. The airline also expanded seat capacity during the month. Alongside this growth, Wizz Air recorded its lowest emissions intensity to date, with CO2 emissions per revenue passenger kilometer (RPK) falling to 49.6 grams, reflecting the positive contribution of its ongoing Airbus A321neo fleet additions. While the company recently shut down its Abu Dhabi base, it is reinforcing its presence in Tel Aviv and has formed a strategic partnership with Travelfusion to broaden distribution channels and boost revenue opportunities.

Financially, Wizz Air continues to show signs of recovery and trades at attractive valuation levels, supported by encouraging technical momentum. Still, the airline faces pressures from high leverage and geopolitical risks, which remain a drag on its outlook. The group’s emphasis on reducing debt and enhancing efficiency is expected to play a key role in sustaining long-term growth.

About Wizz Air Holdings

Wizz Air Holdings Plc is one of Europe’s fastest-growing low-cost carriers, with a strong reputation for sustainability. The airline focuses on providing affordable air travel across the continent and is recognized for maintaining some of the lowest emissions in the aviation industry.

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.

GEO Exploration Limited (LSE:GEO) has kicked off its inaugural diamond drilling campaign at the Juno Project in Western Australia, marking an important step forward in its exploration strategy. The program is designed to test the potential of a sizeable Intrusion-Related Gold System (IRGS). The first drill hole, JUD001, is planned to extend to depths of around 1,000 meters. With geological characteristics comparable to the Havieron gold-copper deposit, the Juno Project could prove to host an even larger mineralized system, positioning the company for a possible breakthrough discovery and substantial shareholder upside.

About GEO Exploration Limited

GEO Exploration Limited specializes in the search for large-scale Intrusion-Related Gold Systems in central Western Australia. Through its wholly owned subsidiary, Juno Gold Pty Ltd, the company is advancing projects aimed at uncovering both precious and base metal deposits with significant growth 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.

Alien Metals Ltd (LSE:UFO), together with joint venture partner West Coast Silver Limited, has launched a renewed and intensive exploration program at the Elizabeth Hill Silver Project in Western Australia. The initiative follows the success of the partners’ first drilling campaign, which confirmed the presence of high-grade silver mineralization. The new phase of work will focus on mapping, geophysical surveys, and targeted drilling designed to better outline the deposit’s size and continuity. Given its status as one of Australia’s historically richest silver mines, the project offers the potential to unlock further value and enhance Alien Metals’ operational and market profile.

About Alien Metals Ltd

Alien Metals Ltd is an exploration and development company listed on AIM in London. Its primary focus is advancing its 90%-owned Hancock iron ore project in Western Australia’s Pilbara region into a profitable direct shipping operation. Beyond iron ore, the company also controls one of Australia’s largest platinum group metals (PGM) deposits, Munni Munni, and is advancing the Elizabeth Hill Silver Project through a joint venture partnership.

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.

Ecora Resources (LSE:ECOR) has finalized an agreement to sell the subsidiary that owns its 2% Net Smelter Return royalty tied to the Dugbe Gold Project in Liberia. The buyer, Elemental Altus Royalties Corp., will pay up to $20 million under the terms of the deal. The package consists of an initial $16.5 million cash payment, supplemented by additional contingent payments. For Ecora, the divestment strengthens its balance sheet by accelerating debt reduction while freeing up capital to pursue cash-flow–generating royalties within its preferred commodity portfolio. The transaction also underscores the depth of value embedded in Ecora’s royalty assets.

The company’s recent performance has been shaped by solid technical progress and supportive strategic moves, as discussed during its earnings update. That said, weaker revenues and pressured valuation multiples have weighed on financial results. Despite these headwinds, Ecora remains committed to long-term growth, anchored by its focus on base metals and a resilient financial position.

About Ecora Resources

Ecora Resources is a royalty and streaming business with a core emphasis on critical minerals that play a key role in the global energy transition. The company has shifted away from its legacy coal-linked assets, and today more than 90% of its exposure is tied to future-facing commodities such as copper, nickel, and cobalt. Ecora’s strategy centers on acquiring royalties in low-cost operations across established mining jurisdictions, positioning its portfolio to benefit from increasing demand for minerals vital to electrification and decarbonization.

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.

The MSCI All Country World Index rose 2.4% in August, supported by stronger-than-expected corporate earnings, growing anticipation of interest rate cuts, and continued enthusiasm for artificial intelligence investments, according to analysis from Bank of America.

Since bottoming on April 8, global equities have climbed 28.1%, with Japan and Europe setting the pace. Japanese markets advanced 6.9% last month, while European equities gained 3.2%. By comparison, U.S. stocks increased a more modest 1.8%.

Sector performance was mixed. Tech hardware and materials led the global gains in August, up 8.3% and 6.9% respectively. Software stocks lost 3.8% and utilities slipped 0.6%, making them the weakest performers.

Japan stood out across industries, with telecoms (+19.0%), energy (+14.7%), and utilities (+14.2%) delivering the strongest returns worldwide. In contrast, Japanese semiconductor shares fell 6.3%, while European software (-5.7%) and Asia-Pacific ex-Japan healthcare (-5.4%) also underwhelmed.

Looking at the year to date, banks have taken the top spot globally, advancing 26.6% thanks largely to a 57.6% surge in European lenders. Telecom (+24.3%) and semiconductors (+23.0%) followed. On the weaker side, healthcare (+2.3%), tech hardware (+2.4%), and consumer discretionary (+5.0%) have been the laggards of 2025 so far.

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.

Morgan Stanley has identified student housing as one of the most durable segments in Europe’s real estate market, naming Unite Group (LSE:UTG) its preferred stock in the sector.

The bank said that demand for student accommodation in the UK is likely to strengthen as tougher immigration rules in the U.S., Canada and Australia drive more international students toward British universities. Unite, the UK’s largest dedicated student housing operator, is expected to capture much of this demand.

UCAS figures show that acceptances for undergraduate courses in 2025/26 have risen 3% year-on-year, with the number of non-EU international students up 5%. Limited new supply alongside these trends is forecast to sustain rental growth above 4% for longer, compared with the 3–4% assumed by consensus. Unite itself has guided for like-for-like rental growth of 4–5% and occupancy above 97%.

Yet despite these fundamentals, Unite’s share price has lagged, ending Aug. 28 at 709p—near decade lows and well below Morgan Stanley’s 1,000p target. The bank attributed the weaker performance to slower booking progress this summer, but noted that this was largely a result of students holding back after some operators introduced late-cycle discounts last year.

Unite’s results underscore the resilience of the business. The company reported a 2024 net asset value per share of 972p, with Morgan Stanley projecting 1,034p for 2025 and 1,226p by 2027. Earnings per share are expected to climb from 46.6p in 2024 to 52.5p by 2027, while dividends are projected to grow from 37.3p to 41.9p in the same period. Debt remains manageable, with net debt to EBITDA forecast at 6.7x in 2025 and an EPRA loan-to-value ratio of 26%.

Another catalyst is Unite’s planned acquisition of Empiric Student Property. If approved, the deal would add roughly 7,700 beds to Unite’s existing 67,729, raising exposure to international students to 32%, postgraduate students to 19%, and high-tariff universities to 69% of its tenant base. Morgan Stanley expects the acquisition to be earnings neutral in its first year and accretive thereafter as cost synergies are realized.

Summarizing its view, the bank said Unite combines size, access to the most resilient demand pools and an attractive valuation. “Student accommodation in Europe offers a great narrative,” the brokerage said, pointing to rising international enrollment and supply constraints. It maintained its “overweight” rating, with an implied upside of 41% from current levels.

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.

RBC Capital Markets sees limited upside for the European retail sector, cautioning that sluggish consumer spending is likely to outweigh benefits from healthier margin conditions.

In a report published Monday, the bank said its most recent pricing survey of the UK apparel market revealed largely steady prices. It found Marks & Spencer, Zalando, and H&M becoming more competitive compared with last year. At the budget end of the spectrum, Shein gained share against Primark, while online fast-fashion player PrettyLittleThing became more expensive.

RBC argued that these shifts in pricing dynamics won’t be enough to counter household concerns over stretched cash flow, higher taxes, and elevated living costs.

Still, the brokerage highlighted that gross margin prospects for apparel retailers remain favorable, pointing to a 5% year-over-year decline in the U.S. dollar versus both the euro and the pound in the second quarter. Along with ample sourcing capacity and a supportive buying environment, this trend gives retailers flexibility to either bolster profitability or reinvest in their assortments.

Even so, RBC stressed that “the main challenge for the sector will be gaining top line momentum,” citing more difficult year-on-year comparisons following a strong Autumn 2024 trading season.

The outlook for corporate earnings has also shifted. RBC kept forecasts for Inditex steady but only anticipates modest earnings growth, with EPS seen up 2% in 2025 and 7% in 2026. Projections for H&M were trimmed by 1% to 7% for 2025-26, as gains in womenswear have yet to carry over to other categories. Estimates for JD Sports (LSE:JD.) were raised by 3% to 5% for 2026-27, while cuts were made to Boohoo and WH Smith (LSE:SMWH), with the latter’s 2026 pre-tax profit estimate reduced by 22%.

Stock calls reflected the split outlook. RBC rated Next (LSE:NXT), Marks & Spencer (LSE:MKS), JD Sports, and Zalando (TG:ZAL) “outperform.” Inditex, Boohoo (LSE:DEBS), and Ocado (LSE:OCDO) were placed at “underperform.” H&M was rated “sector perform,” with a SEK145 target price, while Inditex was assigned a €43 target under the same rating. WH Smith’s target price was lowered to 850p from £12, while JD Sports’ was raised to 110p from 95p.

Valuations also illustrate the tougher growth picture. Inditex trades around 22.5 times 2025 earnings with a 4% dividend yield, while H&M is at roughly 18.5 times 2026 earnings with a 5% yield. RBC called Inditex’s current multiple “full” given its normalized growth outlook, while stressing that H&M must deliver stronger sales momentum to merit a rerating.

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.