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  • Synectics Expects FY26 Adjusted EBITDA at Top End of Guidance

    Synectics Expects FY26 Adjusted EBITDA at Top End of Guidance

    Synectics (LSE:SNX) expects adjusted EBITDA for the year ending 30 November 2026 to be at the top end of its £3.7 million to £4.1 million guidance range.

    The security and surveillance technology company said full-year revenue is expected to be broadly in line with market forecasts, while improved margins contributed to its anticipated EBITDA performance.

    Synectics attributed the progress in part to changes implemented under its “5P” strategy, which includes simplifying product deployment, developing its partner management activities and applying greater commercial discipline.

    Energy Opportunities Shift Into FY27

    The company said some opportunities within its Energy business, particularly in the Middle East, have moved from FY26 into FY27.

    Synectics said these opportunities remain active within its pipeline rather than having been cancelled.

    The group also reported a backlog of Energy sector work entering FY27 alongside opportunities across other critical security markets.

    Management said commercial, product and operational changes intended to support the company’s growth strategy are increasingly being incorporated across the business.

    The board said it remains confident in the group’s growth prospects for FY27, based on its existing backlog and pipeline of potential work.

    Synectics Operations

    Synectics is an AIM-listed provider of security, surveillance and operational intelligence systems.

    The company’s technology combines security systems and operational data for customers operating in critical security markets, with applications covering the protection of people, property and other assets.

  • Avacta Raises £12.5 Million to Fund Oncology Development

    Avacta Raises £12.5 Million to Fund Oncology Development

    Avacta (LSE:AVCT) has raised £12.5 million through a placing and director-led subscription of new ordinary shares at 68 pence per share.

    The new shares represent approximately 3.9% of Avacta’s existing issued share capital. The company said the proceeds are expected to extend its cash runway into the second quarter of 2027 and support continued clinical development of its pre|CISION-based oncology pipeline.

    Avacta also expects the additional funding to support its position in discussions with potential partners.

    Funding to Support AVA6103 and AVA6207 Programmes

    The company plans to use the proceeds to progress several development milestones across its oncology portfolio.

    Avacta expects to report the first clinical efficacy data for lead candidate AVA6103 during the first half of 2027.

    The company is also targeting the selection of a clinical candidate for AVA6207, its dual-payload programme, during the current quarter. The selected candidate would subsequently progress towards investigational new drug-enabling studies.

    Both programmes use Avacta’s pre|CISION platform, which is designed to activate therapeutic payloads within the tumour microenvironment through fibroblast activation protein, or FAP.

    AIM Trading Resumes Following Fundraise

    Trading in Avacta shares on AIM is resuming following the closure of the company’s capital access window.

    Following admission of the new shares, Avacta’s total issued share capital will increase to 489,712,861 ordinary shares.

    The enlarged share capital will also form the basis for shareholders’ calculations relating to applicable disclosure thresholds.

    Avacta Operations

    Avacta is a clinical-stage life sciences company developing targeted oncology therapies.

    Its pre|CISION platform uses the tumour-associated protease FAP with the aim of concentrating therapeutic payloads within the tumour microenvironment while limiting exposure to healthy tissue.

    The company’s development portfolio includes peptide drug conjugates targeting cancer indications.

  • 80 Mile and Greenland Energy Extend Takeover Deadline to 3 November

    80 Mile and Greenland Energy Extend Takeover Deadline to 3 November

    80 Mile plc (LSE:80M) and Greenland Energy Company (NASDAQ:GLND) have agreed to extend the deadline for Greenland Energy to decide whether to make a firm all-share offer for 80 Mile.

    Under the revised timetable, Greenland Energy has until 5:00 p.m. on 3 November 2026 to either announce a firm intention to make an offer or confirm that it does not intend to proceed, in accordance with the UK Takeover Code.

    The companies said the extension provides additional time to complete confirmatory due diligence and reflects the cross-border nature of the proposed transaction.

    Companies Continue Work on Proposed All-Share Deal

    The boards of 80 Mile and Greenland Energy continue to work on definitive documentation relating to the potential combination.

    Under the proposed structure, 80 Mile shareholders would receive shares in an enlarged Greenland Energy group, maintaining exposure to the combined business through a U.S.-listed company.

    Management of the two companies believes a combination would consolidate their existing partnership in Greenland into a single corporate structure and provide the enlarged group with additional access to capital.

    The companies have also identified potential reductions in duplicated corporate functions and a broader shareholder base as intended features of the proposed transaction.

    However, there is no certainty that Greenland Energy will make a firm offer for 80 Mile or that a transaction will ultimately proceed.

    Takeover Process Continues

    The companies remain subject to applicable regulatory and disclosure requirements while the potential transaction is under consideration.

    The extension moves the previous “put up or shut up” deadline to 3 November, allowing discussions, due diligence and preparation of transaction documentation to continue.

    80 Mile Operations

    80 Mile operates in the mining and natural resources sector, with a focus on projects in Greenland.

    The company has an existing partnership with Greenland Energy Company, which the proposed all-share transaction would bring together within a single U.S.-listed group if completed.

  • Celebrus Technologies Cuts FY27 Guidance After First-Half Revenue Decline

    Celebrus Technologies Cuts FY27 Guidance After First-Half Revenue Decline

    Celebrus Technologies (LSE:CLBS) lowered its full-year 2027 guidance following a review of its sales pipeline, after first-half revenue declined and the company lost a major customer.

    For the six months ended 30 September 2026, total revenue is expected to be approximately $9.2 million, compared with $10.4 million in the corresponding period a year earlier.

    Software revenue increased to around $8.9 million, while lower third-party product sales contributed to the decline in overall revenue.

    Annual recurring revenue fell 2% to $14.7 million following the loss of a major customer.

    Adjusted First-Half Loss Narrows to $1.3 Million

    Celebrus expects to report an adjusted loss before tax of approximately $1.3 million for the first half, compared with the figure supplied by the company indicating a slightly larger loss in the prior-year period.

    The group remained debt-free and ended the period with cash of $22.3 million after dividend payments and share buybacks.

    Management acknowledged execution issues associated with the loss of the customer as well as delays in closing new business.

    The company said it has made changes across its marketing, sales and customer success operations. It has also appointed a new vice president of global services, with a focus on standardising the implementation of more complex projects.

    FY27 Revenue Forecast at $20.0 Million to $20.5 Million

    Following a review of its pipeline, the board now expects FY27 revenue of between $20.0 million and $20.5 million.

    Celebrus also forecasts an adjusted pre-tax loss of between $2.8 million and $3.0 million for the full year.

    The revised forecasts are below previous market expectations, according to the supplied material.

    Celebrus Technologies Operations

    Celebrus Technologies is an AIM-listed data solutions company providing software designed to capture and manage digital customer data and identities in real time.

    Its technology is used for applications including marketing and fraud prevention, with customers operating across more than 30 countries.

  • Telecom Plus Maintains FY27 Profit Guidance as Customer Numbers Rise

    Telecom Plus Maintains FY27 Profit Guidance as Customer Numbers Rise

    Telecom Plus (LSE:TEP) maintained its full-year guidance for adjusted pre-tax profit of between £80 million and £90 million after reporting growth in customer and partner numbers during the first half.

    The company, which operates under the Utility Warehouse brand, said multiservice organic customer numbers were growing at an annualised rate of more than 11%, while total organic customers reached approximately 1.32 million.

    Telecom Plus said the performance reflected growth in its partner network and changes to its multiservice propositions as it progresses its five-year plan.

    Partner Network Expands to More Than 88,000

    Monthly active partner numbers increased by approximately 15%, while the total number of partners rose above 88,000.

    The company also reported record attendance at its sales conference and has introduced incentives including share options and an unlimited mobile offering as part of its efforts to expand the partner network.

    Telecom Plus is preparing a broader brand advertising campaign and continues to focus on increasing the number of services taken by individual customers across its energy, broadband, mobile and insurance products.

    The group also reported progress with its digitalisation and insurance initiatives.

    £40 Million Share Buyback Underway

    Telecom Plus outlined a £40 million share buyback and said additional shareholder distributions are expected to be weighted towards the second half of the financial year.

    The company is also targeting a reduction in leverage over the course of its five-year plan.

    Telecom Plus noted that BT’s acquisition of its broadband platform provider provides additional security around its connectivity arrangements.

    Management continues to target double-digit multiservice customer growth under its five-year strategy, while maintaining its FY27 adjusted pre-tax profit guidance of £80 million to £90 million.

    Telecom Plus Operations

    Telecom Plus operates as Utility Warehouse and provides household services including energy, broadband, mobile and insurance.

    Customers can combine multiple services on a single monthly bill, with customer acquisition primarily conducted through the company’s nationwide partner network.

  • Kenmare Resources Confirms Non-Binding Cash Takeover Proposal From IRH

    Kenmare Resources Confirms Non-Binding Cash Takeover Proposal From IRH

    Kenmare Resources (LSE:KMR) has confirmed that it received a non-binding cash proposal from International Resources Holdings RSC Ltd for the entire issued and to be issued share capital of the company.

    The confirmation followed recent market speculation regarding a potential transaction.

    Kenmare said discussions with International Resources Holdings, or IRH, are ongoing. However, there is no certainty that the discussions will result in a firm offer or what the terms of any potential offer would be.

    IRH Faces 17 November Takeover Deadline

    Under the Irish Takeover Rules, IRH is required by 5:00 p.m. on 17 November 2026 either to announce a firm intention to make an offer for Kenmare or state that it does not intend to make an offer.

    The deadline may be extended with the consent of the Irish Takeover Panel in accordance with the applicable rules.

    The announcement also places Kenmare in an offer period, triggering disclosure requirements under the Irish Takeover Rules. Investors holding interests of 1% or more in relevant securities are subject to applicable dealing and position disclosure requirements during this period.

    Kenmare said the announcement also formally places previously unpublished inside information relating to the approach into the public domain.

    Kenmare Resources Operations

    Kenmare Resources is a mineral sands producer whose shares are listed on the London Stock Exchange and Euronext Dublin.

    The company has approximately 89.2 million ordinary shares in issue and also operates a restricted share option plan.

    No firm takeover offer has been announced, and the terms of any potential transaction remain subject to the outcome of discussions between Kenmare and IRH.

  • Georgina Energy Plans Mt Winter Site Work Ahead of Prospect Re-Entry

    Georgina Energy Plans Mt Winter Site Work Ahead of Prospect Re-Entry

    Georgina Energy PLC (LSE:GEX) is preparing to conduct site inspections at its Mt Winter helium, hydrogen and hydrocarbons prospect in Australia’s Amadeus Basin as it progresses plans for re-entry at the project.

    The company said inspections are scheduled to take place from 18 to 23 October and will cover civil engineering access, environmental assessments and the layout of a planned seismic programme.

    The work is intended to support preparations for prospect re-entry and future drilling activities at Mt Winter.

    Regulatory and Land Access Work Progresses

    Georgina said terms under the Aboriginal Land Rights Act have been agreed, while approvals from the Central Land Council and Traditional Owners are targeted for mid-November.

    Approval for the planned seismic programme is also expected shortly, according to the company.

    Georgina is separately progressing settlement of its acquisition of a 100% interest in EP155, which contains the Mt Winter prospect, and has begun preliminary discussions with drilling contractors.

    Chief executive Anthony Hamilton said the forthcoming inspection would support planning for civil works and environmental approvals ahead of potential drill rig mobilisation.

    Mt Winter Targets Helium, Hydrogen and Hydrocarbons

    Georgina has identified Mt Winter as prospective for helium, hydrogen and hydrocarbons based on its internal resource estimates. These remain estimates, and the supplied material does not establish that commercially recoverable resources have been demonstrated at the project.

    Mt Winter is located in the Amadeus Basin near the producing Mereenie Oil & Gas Field.

    The company is also advancing the Hussar prospect in Australia’s Officer Basin as part of its exploration and development portfolio.

    Georgina Energy Operations

    Georgina Energy is a London-listed helium, hydrogen and natural gas exploration and development company with onshore interests in Australia.

    Through subsidiary Westmarket O&G, the company holds a 100% interest in the Hussar prospect and is progressing towards a full working interest in Mt Winter.

    Its exploration strategy is focused on evaluating helium, hydrogen and gaseous hydrocarbon resources across the two projects.

  • Capital Limited Acquires Metres Down Under for Up to US$16 Million

    Capital Limited Acquires Metres Down Under for Up to US$16 Million

    Capital Limited (LSE:CAPD) has agreed to acquire 100% of Australian underground reverse circulation drilling company Metres Down Under for total consideration of up to approximately US$16 million.

    The acquisition provides Capital with an operating base in Western Australia and adds specialist underground reverse circulation drilling capabilities to the group’s existing mining services operations.

    Metres Down Under, described in the supplied material as Australia’s largest specialist underground reverse circulation drilling company, has an 11-rig fleet and nearly three decades of experience in the sector.

    The business has contracts at mining operations including Sunrise Dam and Tropicana and is expected to contribute approximately US$25 million in annual revenue.

    Capital Raises 2026 Revenue Guidance

    Following the acquisition, Capital increased its 2026 group revenue guidance to between US$435 million and US$455 million.

    The company maintained its existing guidance for capital expenditure and MSALABS.

    Metres Down Under will continue operating as a distinct business within the Capital Group. The acquired company uses remotely operated drilling technology alongside its underground reverse circulation drilling fleet.

    The transaction also expands Capital’s existing relationship with AngloGold Ashanti through Metres Down Under’s activities at mining operations including Sunrise Dam and Tropicana.

    Capital Limited Operations

    Capital Limited is a mining services company providing drilling, mining, equipment maintenance and geochemical laboratory services to the minerals industry.

    Its services cover exploration, delineation and production drilling, load and haul operations, equipment maintenance and geochemical analysis. The group operates across Africa, the Middle East, Asia-Pacific, Europe and the Americas.

  • East Star Resources Begins Drilling at Rulikha Copper Project in Kazakhstan

    East Star Resources Begins Drilling at Rulikha Copper Project in Kazakhstan

    East Star Resources (LSE:EST) has received the approvals required to begin drilling at its Rulikha Copper Project in Kazakhstan, with operations starting on 5 October following mobilisation of a drill rig.

    The project is operated through a joint venture with local partner Nova Ltd. Under the farm-in arrangement, East Star said it is fully carried through to production and would retain a 25% to 35% interest in any mine subsequently developed at Rulikha.

    Five-Hole Programme Targets Copper Mineralisation

    The initial drilling programme comprises five holes totalling approximately 1,500 metres across two target areas.

    The programme is designed to verify mineralisation recorded in historical exploration and provide additional data for the potential conversion of an existing exploration target into a formal mineral resource.

    East Star said the joint venture structure allows exploration and development work at Rulikha to progress without additional capital contributions from the company under the terms of the farm-in arrangement.

    East Star Resources Portfolio

    East Star Resources is a Kazakhstan-focused exploration and development company targeting copper and gold projects.

    Its portfolio includes joint ventures covering the Rulikha Copper Project and Verkhuba copper deposit, which are being advanced under arrangements that the company said require no further funding from East Star through to production.

    The company also has a large-scale gold exploration partnership and additional copper and epithermal gold exploration targets in Kazakhstan.

  • Alien Metals Says Heritage Survey Completed Ahead of Munni Munni Drilling

    Alien Metals Says Heritage Survey Completed Ahead of Munni Munni Drilling

    Alien Metals (LSE:UFO) said GreenTech Metals has completed a heritage survey with Ngarluma Traditional Owners covering priority exploration areas at the Munni Munni PGE-copper-nickel project in Western Australia.

    Following completion of the survey and clearance for site access, drilling is expected to begin immediately.

    Alien holds a 30% free-carried interest in Munni Munni and owns approximately 10% of GreenTech Metals’ share capital.

    Drilling to Target Copper Mineralisation

    The planned drilling programme will target potential extensions of shallow copper mineralisation at Ferguson Reef as well as priority copper targets along the basal contact of the Munni Munni intrusion.

    The programme represents the next phase of exploration at the project following completion of the heritage clearance process.

    The supplied material did not provide details on the number of planned drill holes, expected drilling depths or the anticipated duration of the programme.

    Alien Metals Portfolio

    Alien Metals is an AIM-listed mining exploration and development company with assets focused on iron ore and base and precious metals.

    Its portfolio includes a 90% interest in the Hancock Iron Ore Project in Western Australia and the Georgina Basin IOCG Project. The company also holds minority interests in the Munni Munni PGE-copper-nickel project and the Elizabeth Hill Silver Project.

    Alien additionally holds equity interests in GreenTech Metals and West Coast Silver.