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Georgina Energy (LSE:GEX) has reached agreement on an Aboriginal Land Rights Agreement with the Central Land Council, a significant step towards securing exploration permit EP155, which contains the company’s highly prospective Mt Winter helium and hydrogen project in Australia’s Amadeus Basin.

The agreement will now be presented to Traditional Owners for consideration and approval before being submitted to the Northern Territory Minister, who will determine the formal granting of the exploration permit. Completion of this process would provide Georgina with access to one of its key development assets.

The Mt Winter prospect is located close to the long-established Mereenie oil and gas field and is believed to host substantial prospective recoverable resources of helium, hydrogen and natural gas. The project forms a central part of Georgina’s strategy to build exposure to markets where long-term demand is expected to grow, particularly for helium and hydrogen.

Management intends to accelerate plans for the re-entry and development of Mt Winter once permitting is secured. At the same time, the company continues to advance preparatory drilling activities at its Hussar project in Western Australia, creating a parallel development pathway across its two flagship assets.

The progress at Mt Winter marks an important milestone in Georgina’s efforts to establish a presence in emerging helium and hydrogen supply chains. By advancing both projects simultaneously, the company aims to strengthen its position within sectors that are increasingly viewed as strategically important for industrial applications, energy transition initiatives and advanced technologies.

More about Georgina Energy

Georgina Energy plc is a UK-listed energy exploration company focused on the development of helium and hydrogen resources alongside associated hydrocarbon opportunities. Through its wholly owned Australian subsidiary, Westmarket O&G, the company holds interests in the Hussar prospect in Western Australia and is progressing the Mt Winter project in the Amadeus Basin. Its strategy is centred on supplying critical gases that are expected to play an increasingly important role in global energy, industrial and technology markets.

Prologis (NYSE:PLD) has disclosed that it submitted a preliminary all-share proposal to acquire SEGRO (LSE:SGRO) on 16 June 2026, valuing the UK logistics property group at approximately £12.6 billion. The proposal equated to 925 pence per SEGRO share, representing a premium of around 25% to 31% compared with recent market prices and broadly matching SEGRO’s latest reported EPRA Net Tangible Assets value.

According to Prologis, SEGRO’s board rejected the proposal on 23 June. Despite the rejection, the global logistics real estate specialist is encouraging SEGRO shareholders to support further discussions, arguing that a combination would provide investors with ownership in a larger, more diversified business. Under the proposed terms, SEGRO shareholders would hold approximately 10.5% of the enlarged group.

Prologis believes a merger would create one of the leading logistics real estate platforms in Europe, combining two substantial portfolios and generating benefits through greater scale and operational efficiencies. The company also argues that its larger balance sheet and broader access to capital would help accelerate development opportunities across SEGRO’s portfolio.

Management highlighted what it views as the potential to unlock additional value from SEGRO’s development pipeline, including projects linked to logistics infrastructure, power capacity and data centre opportunities. Prologis contends that its financial resources and global operating platform could help bring these projects to market more efficiently.

The US-based REIT also pointed to its long-term shareholder return record and capital strength as key advantages, suggesting that a combined business would be better positioned to pursue growth opportunities across major logistics markets.

While Prologis has made its intentions public, there is currently no certainty that a formal offer will be submitted. Under UK takeover regulations, the company has until 22 July to either announce a firm intention to make an offer or walk away from the process.

More about Prologis

Prologis, Inc. is the world’s largest logistics-focused real estate investment trust, with a market capitalisation of approximately $140.9 billion. The company owns, develops and manages industrial and logistics properties across major global markets, serving customers involved in e-commerce, distribution, supply chain management and data infrastructure. Its portfolio spans warehouse, fulfilment and logistics facilities that support global trade and digital economy growth.

Light Science Technologies Holdings (LSE:LST) has reported a strong start for its passive fire protection division following the acquisition of RLUK Injection, the owner of the Injectaclad system, in April. The business has secured two installation contracts with a combined value of between £390,000 and £775,000, while also accelerating work on a major remediation project in Hull.

Since completing the acquisition, the company has also received approximately £885,000 of orders for Injectaclad materials through its network of approved installers. Combined, the new installation and product supply contracts represent between £1.28 million and £1.66 million of additional business, providing early evidence of the commercial benefits expected from the transaction.

Management believes the performance validates its strategy of creating a vertically integrated passive fire protection business that combines installation services with the supply of proprietary fire remediation products. This model is designed to improve margins, strengthen customer relationships and create additional revenue opportunities across the building safety market.

The company also expects to benefit from improving conditions within the UK remediation sector as the Building Safety Regulator works through a backlog of project approvals. Growing engagement with industry stakeholders and increasing market awareness of Injectaclad’s cavity fire barrier solutions are contributing to a strengthening pipeline of opportunities.

Injectaclad technology is designed to enhance fire safety without requiring the full removal of building façades, offering a potentially faster and more cost-effective solution for remediation projects. Management believes demand for such systems will continue to increase as regulatory requirements and building safety standards evolve.

The group remains focused on securing larger contracts, expanding recurring revenue streams and improving cash generation as it scales its passive fire protection operations.

More about Light Science Technologies Holdings

Light Science Technologies Holdings plc operates across three core divisions: passive fire protection, agricultural technology (AgTech) and contract electronics manufacturing (CEM). Through its passive fire protection business, the company supplies and installs Injectaclad fire-resistant systems designed to improve building safety and support remediation projects. Its AgTech division develops technologies for controlled-environment agriculture, while its electronics manufacturing operation provides specialist PCB-based solutions to a range of industrial customers.

Velocity Composites (LSE:VEL) reported first-half revenue of £8.4 million, compared with £10.4 million in the prior year period, as the timing of programme transfers in the United States and customer ordering patterns impacted sales performance. Despite the lower revenue base, the company delivered its third consecutive reporting period of positive adjusted EBITDA, generating £0.1 million during the half year.

Gross margin remained stable at 28%, demonstrating resilience in the underlying business, although loss before tax increased to £1.0 million. The result was partly affected by exceptional costs associated with the closure of the company’s Fareham facility as part of its ongoing operational restructuring programme.

Financially, Velocity strengthened its balance sheet, ending the period with net cash of £0.5 million. The company also retained access to a £3.0 million invoice discounting facility, which remained fully undrawn at the reporting date.

Operational progress continued across several areas of the business. Additional Airbus A350 programmes have now transitioned into sustained production, while UK operations have been consolidated into the Burnley facility to improve efficiency and reduce overhead costs. The company also reported stronger-than-anticipated demand from established UK customers and secured a number of smaller contract awards during the period.

Management highlighted improving production rates across major commercial aerospace platforms, including the Airbus A350, Boeing 737 and Boeing 787 programmes, while demand from the US defence sector remains robust. However, the company cautioned that an unfavourable product mix is expected to weigh on second-half margins.

As a result, Velocity now expects full-year adjusted EBITDA of approximately £0.5 million, with results anticipated to come in below current market forecasts. Nevertheless, management remains confident in the longer-term outlook as the company continues to expand its presence in the US market and pursue opportunities within the growing defence sector.

More about Velocity Composites

Velocity Composites plc is a UK-based supplier of advanced composite material kits and logistics solutions for the aerospace industry. Working with major manufacturers including Airbus, Boeing and GKN, the company helps customers improve manufacturing efficiency, reduce material waste and lower production costs through its proprietary technologies and services. In addition to aerospace, Velocity is exploring growth opportunities in sectors such as defence, wind energy, urban air mobility and electric vehicles.

Vertu Motors (LSE:VTU) has raised its outlook for FY27 after delivering positive trading across multiple areas of its business during the three months to 31 May 2026. The automotive retailer reported like-for-like volume growth in new vehicle retail sales, Motability, used vehicles, and fleet and commercial operations, highlighting the continued strength of its diversified model.

The group also reported year-on-year profit growth within its aftersales division, with stable margins and disciplined cost management helping to support overall performance despite ongoing challenges across the wider automotive sector.

As part of its strategic development plans, Vertu continues to optimise and reposition its dealership portfolio. The company is preparing to open its first Omoda and Jaecoo dealership in Burton on 1 July 2026 and plans to convert an additional site to represent the two Chinese automotive brands later in the year. Following these changes, Vertu will operate 15 outlets representing Chinese vehicle manufacturers, increasing its exposure to one of the fastest-growing segments of the market.

The group is also pursuing operational efficiencies through selective site restructuring. One example is the relocation of its Sheffield Mazda dealership into a larger multi-franchise facility, a move expected to generate cost savings and improve operational effectiveness.

Supported by stronger trading and the benefits of its portfolio initiatives, the board now expects FY27 financial performance to exceed current market forecasts. Management believes the combination of growing sales volumes, expanding brand partnerships and ongoing efficiency measures will strengthen the company’s competitive position while enhancing profitability.

More about Vertu Motors

Vertu Motors is one of the UK’s largest automotive retail groups, operating 191 sales and aftersales locations nationwide. Established in 2006, the company has grown through a combination of acquisitions and organic expansion, building a broad dealership network representing multiple vehicle manufacturers. Its strategy focuses on operational excellence, customer service and long-term growth through both portfolio development and efficiency improvements.

Haydale (LSE:HAYD) delivered a significant increase in revenue during the first half of FY26 as the acquisition of SaveMoneyCutCarbon (SMCC) reshaped the business and accelerated its transition towards clean technology and sustainability-focused solutions. Revenue rose 463% to £2.25 million, while net assets increased to £14.64 million, reflecting the addition of goodwill and intangible assets associated with the acquisition.

The enlarged group is investing in the integration and development of its expanded platform, with management targeting positive EBITDA within approximately twelve months of completing the transaction. While the inclusion of SMCC’s delivery and service activities has reduced overall margins, the company believes the broader business model provides a stronger foundation for long-term growth. Adjusted operating losses increased during the period as investment continued across the platform.

Haydale has now completed its strategic repositioning toward technologies aimed at improving energy efficiency, water management and carbon reduction across commercial and residential buildings. Key growth initiatives include the JustHeat heating platform and the development of graphene-enhanced thermal transfer fluids designed for use in data centres and industrial cooling applications.

The acquisition of SMCC has also expanded Haydale’s operational capabilities, providing access to a nationwide delivery network, a growing base of Impact Partners and new commercial agreements across water efficiency and electric mobility markets. Management believes these additions strengthen the company’s ability to generate recurring revenues while accelerating the adoption of its proprietary technologies in infrastructure and building-performance applications.

The group sees substantial opportunities to scale its clean-technology offering as organisations increasingly focus on reducing energy consumption, improving sustainability performance and meeting environmental targets.

More about Haydale Graphene

Haydale plc is an advanced materials and clean-technology company focused on delivering solutions that improve energy efficiency, water usage and carbon performance. Through its proprietary HDPlas technology platform and the capabilities gained through SaveMoneyCutCarbon, the company develops and commercialises graphene-enabled products while providing nationwide implementation and delivery services. Its strategy is centred on helping organisations improve building performance and sustainability outcomes across a wide range of sectors.

Kodal Minerals (LSE:KOD) has announced that non-executive director Steve Zaninovich will retire from the board following the company’s annual general meeting on 24 June 2026, marking the end of a tenure that spanned the development of the Bougouni Lithium Project from exploration through to production.

While stepping down from his board position, Zaninovich will remain closely involved with the business through a consultancy role. In this capacity, he will continue supporting operations at the Bougouni mine and provide advice on future development and growth initiatives, helping to ensure continuity as the project progresses through its next phase.

The company highlighted Zaninovich’s significant contribution to Bougouni’s advancement, including his involvement in the project’s feasibility studies, financing arrangements and construction programme. His experience has been instrumental in transforming Bougouni into a producing lithium operation.

Chairman Robert Wooldridge acknowledged the importance of Zaninovich’s role in the mine’s development and welcomed his continued involvement as an adviser. The move allows Kodal to retain valuable technical and strategic expertise while potentially creating scope for future changes to the board’s composition.

Management believes the transition provides stability as Bougouni continues to ramp up production and strengthen its position within the growing West African lithium industry.

More about Kodal Minerals

Kodal Minerals is an AIM-listed mining company focused on lithium exploration, development and production in West Africa, alongside a portfolio of early-stage gold interests. Its flagship Bougouni Lithium Project in southern Mali, developed in partnership with Hainan Mining, entered production in 2025 and currently produces spodumene concentrate. The company is also evaluating a planned second-stage flotation plant designed to process finer-grained lithium resources and enhance the project’s long-term production profile.

ProCook Group (LSE:PROC) achieved record annual revenue of £85.5 million for the year ended 29 March 2026, representing growth of 23% as both its retail estate and ecommerce operations generated strong double-digit increases. The kitchenware retailer significantly outperformed the broader UK market, benefiting from continued customer demand and the strength of its direct-to-consumer model.

Financial performance improved across the business, with EBITDA rising by almost 40%, free cash flow more than doubling and net cash increasing to £4.4 million. The improvement was supported by stronger gross margins, disciplined cost control and effective working capital management.

During the year, ProCook accelerated the expansion of its physical footprint, opening 13 new stores and increasing its estate to 78 locations nationwide. The company also introduced a refreshed store format, broadened its product offering and increased customer engagement through social media-led marketing initiatives.

These efforts helped grow the active customer base by 24% to 1.4 million, strengthening the company’s position within the UK kitchenware sector.

Management continues to invest in technology, supply chain improvements and store refurbishments while maintaining a disciplined approach to costs. Trading at the start of the new financial year has remained encouraging, with revenue increasing 21.5%, reinforcing confidence in the group’s longer-term objectives of reaching 100 stores, generating £100 million in annual revenue and delivering further margin expansion.

More about ProCook Group

ProCook Group plc is a UK-based direct-to-consumer kitchenware retailer specialising in own-brand cookware, tableware and kitchen accessories. The company sells through a combination of ecommerce platforms and a growing network of stores across the UK, targeting consumers seeking high-quality products at competitive prices. Its direct sourcing model enables it to offer strong value while competing effectively within the fragmented kitchenware market.

Tower Resources (LSE:TRP) has moved closer to completing its farm-out agreements with Prime Global Energies in both Namibia and Cameroon, marking further progress in efforts to secure funding and advance its exploration portfolio across Africa.

In Namibia, the company reported that the relevant authorities have acknowledged receipt of the documentation relating to the transfer fee and have indicated that a decision on the final approval letter is expected by 1 July 2026. Once received, the approval would enable completion of the farm-out transaction and support the next phase of activity on the licence.

In Cameroon, the farm-out of the Thali licence and the proposed extension of the initial exploration period have progressed to the Office of the Presidency. The process has been supported by a letter from the Prime Minister, reflecting the senior-level approvals required before the transaction can be finalised.

While awaiting regulatory decisions, Tower has strengthened its short-term liquidity position through a £400,000 fundraising completed via a discounted share subscription. The company also issued broker warrants as part of the financing package and confirmed details of its enlarged share capital.

Management believes the funding will provide working capital support as it continues to pursue completion of the Namibia and Cameroon transactions, both of which are viewed as important milestones in attracting additional capital and technical expertise for future exploration programmes.

Successful completion of the farm-outs would represent a significant step forward in advancing Tower’s upstream development plans and unlocking larger-scale investment across its asset portfolio.

More about Tower Resources

Tower Resources is an AIM-listed oil and gas exploration company focused on opportunities across Africa, with key interests in offshore Namibia and Cameroon. The company seeks to advance its exploration and development assets through farm-out agreements, licence extensions and partnerships with industry participants, providing access to funding and technical capabilities for frontier hydrocarbon projects.