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Robinson plc (LSE:RBN) said it continues to expect underlying operating profit for 2026 to be in line with current market expectations.

The custom packaging manufacturer also announced that a customer contract representing approximately £3.3 million of annual revenue will expire at the end of December 2026 and will not be renewed.

The contract currently contributes approximately £1.0 million in annual gross profit, according to the company.

Robinson Expects Continued Business With Customer

Although the contract will end, Robinson said it expects to continue supplying other products to the customer.

The company is pursuing operational initiatives and new business opportunities intended to mitigate the financial impact of the contract expiry.

Taking these measures into account, the board currently expects profitability in the 2027 financial year to be broadly in line with 2026.

Surplus Property Disposal Programme Continues

Alongside its packaging operations, Robinson is continuing a disposal programme covering surplus properties with development potential.

The company’s core activities include the manufacture of injection and blow-moulded plastic packaging and rigid paperboard packaging.

About Robinson

Robinson plc is a custom packaging manufacturer headquartered in Chesterfield, UK, with operations in the UK, Poland and Denmark.

The company supplies packaging for the food, homecare, personal care and luxury gift sectors. Its customers include Procter & Gamble, Unilever, Bakkavor, McBride and Persan, among others.

Robinson employs nearly 400 people and also owns a portfolio of surplus properties that it is seeking to dispose of.

Tandem Group (LSE:TND) reported a 6.7% increase in revenue to £11.9 million for the first half, while gross profit rose 15% to £4.0 million.

Gross margin increased to 33.3%, and the group recorded a profit before tax of £70,000, compared with a loss in the corresponding period a year earlier.

Net debt declined to £2.8 million, while net assets increased to £26.1 million.

Year-to-Date Sales Rise 9.1%

Tandem said trading improved during July and August, taking year-to-date sales growth to 9.1%.

The company reported higher sales in its bikes and home and garden categories during the period.

The board plans to conduct a review of the group’s operations and capital allocation, with the stated objectives of supporting profitable growth and improving shareholder returns.

Board Signals Intention to Resume Full-Year Dividend

Tandem’s board said it intends to resume payment of a full-year dividend if the company meets current market expectations.

The proposed dividend therefore remains dependent on the group’s financial performance over the remainder of the year.

About Tandem Group

Tandem Group plc is an AIM-listed company that designs, develops, distributes and retails sports, leisure and mobility products.

Its activities include bikes, home and garden products, toys and related consumer categories. The group operates through a portfolio of its own brands and has an 85,000-square-foot freehold warehouse.

Aminex PLC (LSE:AEX) said work on the Ntorya–Madimba pipeline in Tanzania was largely complete during the first half of 2026, with connection activities scheduled for the end of the year.

Topographical surveys have been completed, while a revised work programme targets first gas from the Ntorya-2 well in December 2026.

The programme also provides for the NT-3 well to be spudded during December, as development of the Ntorya gas field continues.

Ntorya Work Programme Revised

The revised timetable follows proposed changes to the development programme by operator ARA Petroleum Tanzania and subsequent agreement with the Tanzanian authorities.

Under the updated programme, the CH-1 commitment well has been retained, while NT-3 has been added as an additional near-term well.

The 2026–2027 work programme provides for gross expenditure of up to US$75 million and includes drilling at multiple locations across Ntorya.

Aminex participates in the project as a non-operating partner and is carried for its share of development costs under the existing arrangements.

Aminex Reports US$2.71 Million Interim Loss

For the first half of 2026, Aminex reported a loss of US$2.71 million.

The company said it continues to operate with operating expenses at historically low levels while overseeing its interest in the Ruvuma production sharing agreement.

The planned connection of Ntorya to the Madimba Gas Processing Plant forms part of the development programme for bringing gas from the field into Tanzania’s gas infrastructure.

About Aminex

Aminex PLC is an oil and gas exploration and production company focused on Tanzania.

The company holds a non-operated interest in the Ruvuma PSA, which includes the Ntorya gas field. Its interest is subject to a carried-cost arrangement covering its share of development expenditure.

Brave Bison (LSE:BBSN) has launched a formal cash offer to acquire the System1 Group (LSE:SYS1) shares it does not already own, offering 360 pence per share.

The offer follows earlier approaches to System1 and represents Brave Bison’s fourth and increased proposal for the company.

Brave Bison currently owns 3,534,010 System1 shares, representing 27.85% of its issued share capital. The offer therefore relates to approximately 72% of System1’s shares that Brave Bison does not already hold.

Brave Bison Reports 39.19% Ownership and Indicated Support

As of 24 September 2026, Brave Bison had also received letters of intent relating to a further 11.34% of System1’s issued share capital.

Combined with Brave Bison’s existing 27.85% holding, the shares owned by the company and those covered by letters of intent represent 39.19% of System1’s issued share capital.

However, Brave Bison said it had not received any valid acceptances of the formal offer as of that date. Letters of intent do not constitute formal acceptances of the takeover offer.

The company has asked System1 shareholders who wish to accept the proposal to do so by 26 October 2026.

Offer Follows Earlier Approaches

The 360p-per-share proposal follows a series of approaches by Brave Bison to acquire System1.

Brave Bison is seeking to add System1’s marketing and advertising effectiveness operations to its existing digital media and marketing activities.

Completion of the acquisition remains dependent on the takeover process and the level of shareholder acceptances received.

About Brave Bison and System1 Group

Brave Bison Group PLC is a UK-based digital media and marketing company whose activities include the creation, distribution and monetisation of digital content. The group has also expanded through acquisitions in marketing and related services.

System1 Group PLC is a London-listed marketing and advertising effectiveness consultancy providing services based on consumer behaviour and creative performance analysis.

Genel Energy (LSE:GENL) has agreed revised terms for its proposed acquisition of Capricorn Energy (LSE:CNE), increasing the total consideration to US$5.74 per Capricorn share.

The revised all-cash proposal comprises an increased cash offer together with a planned special dividend and values Capricorn at approximately US$436 million.

The consideration is denominated in US dollars, which the companies said reflects the underlying currency of Capricorn’s business.

Capricorn Board Switches Recommendation From DNO Offer

The revised Genel proposal is approximately 10% higher than the competing offer from DNO.

Following the increase, Capricorn’s board withdrew its recommendation for the DNO proposal and said it now intends to recommend the revised Genel transaction to shareholders.

Capricorn’s directors, who have been advised by Canaccord Genuity, consider the revised Genel terms to be fair and reasonable.

Capricorn also intends to adjourn the shareholder meetings that had been convened in connection with the proposed DNO transaction.

Genel Secures Irrevocable Undertakings

Genel has received irrevocable undertakings covering more than 39% of Capricorn’s issued shares in support of its proposed transaction.

The commitments include restrictions on supporting alternative offers unless specified conditions relating to a higher competing proposal are satisfied.

The original Genel proposal had also received shareholder support before the terms were revised.

Egyptian Regulatory Approval Process Continues

Egyptian competition approval for the Genel transaction has already been obtained, with one further Egyptian regulatory condition remaining outstanding.

Genel and Capricorn continue to expect the acquisition, which is being pursued through a court-sanctioned scheme of arrangement, to complete during the fourth quarter of 2026, subject to the remaining conditions.

Genel Energy No.9 Limited, an indirectly owned vehicle of Genel Energy, is the entity pursuing the acquisition.

About Capricorn Energy and Genel Energy

Capricorn Energy plc is an oil and gas exploration and production company with operations and assets primarily denominated in US dollars. Its portfolio includes interests in Egypt.

Genel Energy plc is an upstream oil and gas company. Through Genel Energy No.9 Limited, the group is seeking to acquire Capricorn under the proposed scheme of arrangement.

Ferrexpo (LSE:FXPO) reported a 57% year-on-year decline in revenue to $196 million for the first half of 2026, as production was affected by damage to Ukraine’s power infrastructure and the continued suspension of VAT refunds.

Commercial production fell 54% from the corresponding period a year earlier to 1.6 million tonnes, with the group reducing operations to a single pelletising line.

Underlying EBITDA was slightly negative for the period. Ferrexpo also reported higher energy and logistics costs, while its VAT receivable from the Ukrainian authorities stood at $82.7 million.

Ferrexpo Completes $100 Million Equity Raise

Ferrexpo sold its Iron Destiny transhipping vessel for $7.7 million during the period. The company described the vessel as ageing.

In early September, the group also completed a $100 million equity raise. Ferrexpo said the additional funding enabled it to finalise its going-concern assessment and supported the relisting of its shares in London.

The company said the proceeds provide additional liquidity for its ongoing operations.

Operations Remain Affected by War and Infrastructure Constraints

Ferrexpo said its operations continue to face challenges associated with the war in Ukraine, including energy and logistics constraints, as well as the suspension of VAT refunds.

Management also reported continued safety performance during the period.

Ferrexpo produces iron ore pellets and high-grade concentrate for international steel customers, including products intended for direct reduction applications.

About Ferrexpo

Ferrexpo plc is a London-listed iron ore producer with mining and processing operations in Ukraine.

The company produces and exports iron ore pellets and high-grade concentrate for the global steel industry, including higher-grade products used in steelmaking and direct reduction processes.

Helix Exploration PLC (LSE:HEX) has extended its spot helium sales arrangement with an industrial gases customer, covering all available volumes from its Rudyard project in Montana through March 2027 once production resumes.

The agreement follows initial tube trailer sales completed during the start-up phase at Rudyard and extends the period over which helium produced at the project will be supplied to the customer.

The identity of the customer and the commercial terms of the arrangement, including pricing, have not been disclosed.

Helix Reports Pricing Above Pre-IPO Assumptions

Helix said the prices agreed under the extended arrangement are significantly above the assumptions used in its pre-IPO financial model.

The company is pursuing a strategy of establishing multiple routes to market for its helium production. The sales arrangement includes continuous tube trailer rotation to transport available volumes from Rudyard.

Helix is also carrying out an expansion programme at the project, including plans for additional production and processing capacity.

About Helix Exploration

Helix Exploration PLC is a US-focused helium company with operations spanning helium production and liquefaction.

Its Rudyard project is located in Montana and began output in February 2026. The company also owns the Keyes Helium Complex in Oklahoma, which includes helium liquefaction facilities.

Helix’s operations include helium resources, an owned drilling rig and liquefaction capacity. Its development plans include additional wells and processing capacity at Rudyard, alongside potential third-party processing and liquefaction activities.

Safestay (LSE:SSTY) reported revenue from continuing operations of £8.4 million for the first half of 2026, down 10.6% from the corresponding period a year earlier.

Adjusted EBITDA declined to £0.6 million, while the hostel operator recorded a post-tax loss of £1.9 million.

The company reported lower occupancy and reduced group bookings during the period, against what it described as a challenging consumer and tourism environment.

Cash holdings increased 70% to £4.6 million, supported by proceeds from the sale of Safestay’s Glasgow property. The group also reduced debt following the disposal.

Average Bed Rate Rises as Occupancy Declines

Safestay increased its Average Bed Rate by 8.3% during the period as part of its pricing strategy. However, revenue per available bed declined as occupancy decreased.

The company also cited cost pressures relating to VAT, business rates and wages.

As part of changes to its portfolio, Safestay closed its loss-making Berlin Kurfürstendamm location and agreed the sale of its London Kensington Holland Park hostel.

The group is also implementing guest-experience initiatives and making smaller additions to capacity at parts of its existing portfolio.

Safestay Pursues Asset-Light Strategy

Safestay said it is continuing to move towards an asset-light operating model across Europe, with franchise and leasehold arrangements forming part of its expansion strategy.

The company is considering additional property disposals and sale-and-leaseback transactions as part of this approach.

Safestay has also entered a marketing partnership with Indian hostel network Zostel. According to the company, the partnership creates a combined network of more than 8,000 beds across the UK, continental Europe and India.

About Safestay

Safestay plc is a hostel operator with a portfolio of 20 hostels and one hotel across the UK and continental Europe.

Its accommodation includes private and shared rooms, while its portfolio spans markets including Spain, Portugal, Italy, Greece, Poland, Austria, Belgium, Czechia, Slovakia and the UK.

The company is pursuing an asset-light expansion strategy incorporating franchises, leaseholds and partnerships.