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Anpario (LSE:ANP) said trading during the opening months of 2026 has remained strong, with both revenue and profit exceeding the prior-year period and tracking in line with market expectations despite ongoing geopolitical and economic uncertainty.

The animal nutrition specialist highlighted robust performances across several key international markets, helping to sustain growth momentum at the start of the year.

International Markets Drive Growth

The Middle East was among the strongest-performing regions during the period, supported in part by the first commercial sales of the company’s recently launched AmpLIPhy product.

Anpario also reported continued growth across its operations in the United States and Australasia, reflecting ongoing demand for its animal health and nutrition solutions.

Management said the broad-based nature of the growth demonstrates the resilience of the company’s global business model despite challenging market conditions.

Margins Maintained Through Pricing Discipline

The company noted that increases in logistics and raw material costs have largely been passed through to customers, helping to protect profitability.

As a result, gross margins have remained broadly consistent with levels achieved during the latter part of 2025.

Management said a disciplined pricing strategy continues to support earnings resilience while enabling the business to manage inflationary pressures affecting its supply chain.

Shareholder Returns Enhanced

Anpario has also accelerated capital returns to shareholders through an ongoing £3 million share buyback programme.

The company said approximately £2 million of the authorised amount has already been deployed, complementing its established dividend policy and reflecting confidence in both the business and its financial position.

The buyback programme is supported by a strong cash balance and the group’s historically conservative approach to capital management.

Recognition for Sustainability Efforts

During the period, Anpario also received recognition as ESG Company of the Year, highlighting its focus on sustainable animal nutrition and responsible business practices.

Management believes sustainability remains an increasingly important consideration for customers and industry participants, supporting long-term demand for the company’s natural feed additive portfolio.

Positioned for Continued Progress

With growth across several core markets, stable margins and a strong balance sheet, Anpario believes it is well positioned to navigate ongoing macroeconomic challenges while continuing to invest in product development and international expansion.

The company remains focused on supporting livestock performance through natural, sustainable nutrition solutions while delivering value to shareholders through both growth and capital returns.

More about Anpario

Anpario plc is an independent manufacturer of natural animal feed additives designed to improve animal health, nutrition and biosecurity. The company supplies products to livestock producers worldwide, with operations spanning key agricultural markets including the Middle East, North America and Australasia. Its portfolio includes acid-based eubiotics and other specialist feed solutions, including the recently launched AmpLIPhy product, aimed at enhancing animal performance through sustainable nutrition.

Nanoco Group plc (LSE:NANO) has delayed plans to seek shareholder approval for a proposed delisting from the London Stock Exchange’s Main Market after feedback from investors indicated the resolution was unlikely to secure the support required to pass.

The company said its board now intends to adjourn the previously scheduled general meeting and continue discussions with shareholders while assessing alternative options for the business.

Board Responds to Investor Concerns

The proposed delisting had been presented as part of a broader effort to reduce costs and enable management to focus resources on strategic priorities.

However, following extensive engagement with investors, directors concluded that concerns surrounding share liquidity after a delisting remained a significant issue for many shareholders.

As a result, the board believes the special resolutions required to approve the proposal would be unlikely to achieve the necessary 75% level of shareholder support.

Alternative Options Under Review

With the vote now expected to be postponed, Nanoco said it will continue discussions with investors and evaluate other approaches that could address the company’s objectives while taking shareholder concerns into account.

Management said future deliberations will focus on balancing the need for cost efficiencies and targeted investment with the interests of shareholders and the preservation of value.

The company has not yet outlined what alternative options may be considered but indicated that further engagement with stakeholders will form part of the decision-making process.

Focus Remains on Advanced Nanomaterials

Nanoco continues to develop and commercialise its portfolio of cadmium-free quantum dot technologies and related nanomaterials.

The company’s products, including its CFQD and HEATWAVE ranges, are designed for use in displays, sensors and advanced electronics applications, offering tunable optical and electronic characteristics while avoiding the use of toxic heavy metals.

Management believes these technologies position the business within growing markets focused on high-performance electronic components and environmentally sustainable materials.

Continuing Dialogue with Shareholders

The decision to postpone the vote reflects the importance of shareholder support in determining the company’s future market listing status.

Nanoco said it remains committed to maintaining open communication with investors as it evaluates the next steps and considers how best to support long-term growth and shareholder value creation.

Further updates are expected once the board has completed its review and consultation process.

More about Nanoco Group

Nanoco Group plc is a UK-based nanomaterials company specialising in the development, manufacture and licensing of patented cadmium-free quantum dots and related technologies. Headquartered in Runcorn, the company supplies advanced materials for use in sensor, electronics and display applications. Its intellectual property portfolio and production capabilities are focused on enabling high-performance electronic devices while supporting the transition toward more environmentally sustainable technologies.

Water Intelligence (LSE:WATR) delivered higher revenue and earnings in 2025 as strong international growth, expanding margins and continued investment in technology-supported services reinforced its position within the water infrastructure sector.

The company reported revenue of $90.4 million for the year, an increase of 9%, while adjusted EBITDA rose 15% to $16.5 million. Improved operating efficiency helped lift the adjusted EBITDA margin to 18.2%, and adjusted earnings per share increased 8%.

Management said the results reflect continued demand for leak detection and water management services alongside growing adoption of technology-enabled solutions.

International Expansion Accelerates

While the group’s core American Leak Detection business generated 4% growth during the year, the strongest performance came from international operations.

Water Intelligence International recorded revenue growth of 44%, benefiting from expansion across existing markets and increasing demand for specialist water infrastructure services.

The company ended the year with a strong balance sheet, reporting leverage of 1.17 times adjusted EBITDA, providing flexibility to continue investing in growth initiatives.

Building a Preventive Maintenance Business

A key strategic focus for the group is the development of preventive maintenance services designed to help customers identify and address water-related issues before costly damage occurs.

Management is testing new preventative maintenance offerings through the American Leak Detection network, supported by advances in connected devices, data analytics and artificial intelligence.

The company believes the combination of lower-cost Internet of Things (IoT) monitoring technology, AI-driven analysis and its Technology Enabled Solutions platform could transform how water infrastructure is managed by both residential and commercial customers.

Expanding Recurring Revenue Opportunities

Water Intelligence sees significant long-term potential in subscription-based maintenance services that provide continuous monitoring and early intervention capabilities.

The company believes this model can generate recurring revenues while strengthening relationships with key customer groups including insurers, property managers, commercial building owners and homeowners.

By shifting from reactive repair work toward ongoing monitoring and prevention, management aims to create a more predictable and scalable revenue base over time.

Disciplined Capital Allocation Continues

Alongside organic growth initiatives, Water Intelligence continues to pursue a disciplined capital allocation strategy focused on selective acquisitions and shareholder returns.

During the year, the company continued acquiring franchise operations and plumbing businesses that complement its existing network and service capabilities.

Water Intelligence also completed a $1.6 million share buyback programme and expanded its banking facilities with M&T Bank, increasing financial flexibility to support future growth opportunities.

Positioned to Capitalise on Water Infrastructure Demand

Management believes the company is well placed to benefit from growing investment in water infrastructure and increasing awareness of water conservation and asset management.

With an estimated $200 billion U.S. water infrastructure market presenting significant opportunities, Water Intelligence is seeking to combine technology, data analytics and field services to deliver more proactive and efficient water management solutions.

The company believes its integrated platform positions it to play an increasingly important role as customers adopt smarter approaches to monitoring and maintaining water systems.

More about Water Intelligence

Water Intelligence plc is a multinational provider of leak detection, water infrastructure monitoring and repair services. Through its American Leak Detection network and Water Intelligence International division, the company operates more than 150 locations across the United States and maintains a presence in the UK, Ireland, Canada and Australia. Its technology-enabled platform combines monitoring devices, proprietary detection tools, customer management systems and AI-driven analytics to support residential, commercial and municipal customers with both reactive and preventive water management solutions.

XPS Pensions Group (LSE:XPS) reported another year of strong expansion, marking its fourth consecutive year of double-digit revenue growth as demand for pension advisory, administration and self-invested pension services continued to increase across its core markets.

Total revenue for the year rose 13% to £262.7 million, supported by growth across all major business segments and continued investment in technology, administration capabilities and specialist consulting services.

The performance enabled the company to increase its total dividend per share by 11%, reflecting confidence in the group’s earnings and cash generation.

Advisory Division Drives Growth

Advisory services remained the largest contributor to growth, with revenue increasing 20% during the year as pension schemes and sponsoring employers sought greater support on funding, risk management, governance and regulatory matters.

The company also continued to benefit from expanding demand for administration services. Administration revenue increased 5% overall and 18% when excluding the impact of the one-off McCloud project completed in the prior year.

Meanwhile, self-invested pension (SIP) revenue rose 10%, reflecting continued growth in client activity and assets under administration.

Profitability and Cash Generation Improve

The group’s strong revenue performance translated into higher earnings, with adjusted EBITDA increasing 9% and adjusted profit before tax rising 8%.

XPS continued to operate a capital-light business model that generated strong cash flows throughout the year.

Net debt stood at 0.64 times adjusted EBITDA at year-end, remaining comfortably below the company’s target leverage range and providing flexibility for future investment opportunities and acquisitions.

Investing for Future Expansion

During the year, XPS continued to invest in technology and operational efficiency, including the development of scalable administration platforms and artificial intelligence-enabled solutions designed to enhance service delivery.

The company also expanded its insurance consulting activities following the acquisition and integration of Polaris, strengthening its presence within a growing area of the pensions and insurance market.

Management believes these investments will support future growth while increasing operational efficiency across the business.

New Mandates and Industry Recognition

Operational momentum remained strong, with XPS securing several new client wins during the year, including a significant appointment involving the Metropolitan Police pension scheme.

The group also received multiple industry awards, further enhancing its profile within the pensions sector and reinforcing its reputation across advisory, administration and consulting services.

Management said these achievements support its confidence in continued growth opportunities within an addressable market estimated at approximately £4.5 billion annually.

Positioned for Continued Growth

XPS believes its combination of advisory expertise, administration capabilities and technology investment leaves it well positioned to capture further market share as pension schemes increasingly seek specialist support.

With a strong balance sheet, recurring revenues and expanding service offerings, the company remains focused on delivering sustainable growth while continuing to invest in both organic expansion and selective acquisitions.

More about XPS Pensions Group

XPS Pensions Group is a UK-based pensions consulting and administration business serving occupational pension schemes, insurers and sponsoring employers. The company provides actuarial, investment, administration and advisory services to more than 1,300 pension schemes and administers benefits for approximately 1.2 million members. XPS advises pension arrangements of all sizes, including dozens with assets exceeding £1 billion, and continues to expand its technology-enabled service offering across the UK pensions market.

MedPal AI (LSE:MPAL) launches next-generation AI health companion powered by Anthropic Claude and DigitalOcean, bringing proactive healthcare management to patients

The future of healthcare is becoming increasingly intelligent, proactive, and personalised. MedPal AI plc has taken a significant step toward that future with the launch of Juno, its next-generation agentic AI health companion, representing a major evolution in how patients access healthcare support.

Unlike traditional AI assistants that simply respond to questions, Juno has been designed to actively work on behalf of patients. Powered by Anthropic’s latest Claude models and supported by a newly upgraded technology infrastructure, Juno marks MedPal AI’s transition from responsive AI to true agentic healthcare intelligence.

From Answers to Action

For years, AI health tools have largely functioned as information providers, helping users understand symptoms, conditions, or treatment options. Juno goes considerably further.

Integrated into MedPal AI’s New Health OS Portal, Juno continuously monitors patient health information and proactively engages with users through WhatsApp and web-based channels. Rather than waiting for a patient to ask for help, Juno can identify opportunities to provide support, guidance, and intervention when it matters most.

This shift reflects the broader move towards agentic AI that has rapidly gained momentum across consumer technology during 2026. Industry observers have described this transition as the “OpenClaw moment” , the point at which AI assistants begin actively managing tasks for users rather than merely responding to prompts.

MedPal AI is now bringing that same paradigm shift to healthcare.

A New Technology Foundation

The launch of Juno is accompanied by a comprehensive overhaul of MedPal AI’s AI infrastructure.

The company has migrated away from Google Vertex AI in favour of a sophisticated multi-layer architecture specifically designed for healthcare delivery. Anthropic’s advanced Claude models now power Juno’s reasoning and conversational capabilities, while dedicated clinical response systems operate on DigitalOcean infrastructure.

The result is a faster, more capable and more autonomous AI companion that is purpose-built to support patients throughout their healthcare journey.

Closing the Healthcare Loop

One of the most significant differentiators of Juno is its ability to connect information, clinical care, and treatment fulfilment into a single seamless experience.

As demand for AI-driven health support continues to accelerate, with OpenAI reporting that more than 40 million people seek health-related information through ChatGPT every day, many existing solutions remain limited to providing guidance and information.

Juno has been designed to bridge that gap.

Trained by MedPal AI’s clinical services team, the platform can provide health advice and triage support. Where clinically appropriate, patients can be connected directly to one of MedPal AI’s qualified GPs for consultation and prescribing. Prescribed medication can then be dispensed through the company’s robotic dispensing infrastructure and delivered directly to the patient’s door.

The process doesn’t end there. Juno continues to follow up with patients, helping monitor outcomes and ensuring ongoing support throughout recovery.

This creates what MedPal AI describes as a complete healthcare pathway, from initial concern to clinical resolution.

Delivering on the Health OS Vision

Commenting on the launch, MedPal AI Founder and Chief Executive Jason Drummond highlighted the significance of the development:

“The world has just watched agentic AI go mainstream, and tens of millions of people are already asking AI about their health every single day. The difference with Juno is that it does not stop at an answer. It can advise, triage, connect you to one of our GPs, have your medication dispensed by robot and shipped to your door, and then check that you are getting better. That is the whole point of Health OS. We do not just tell you what is wrong, we help to treat it.”

The launch demonstrates MedPal AI’s ambition to create a truly integrated healthcare ecosystem, where artificial intelligence, clinical expertise, and pharmacy fulfilment work together to improve patient outcomes and accessibility.

A Glimpse Into the Future of Healthcare

Juno represents more than just a product launch; it offers a glimpse into the future of digital healthcare.

As AI becomes increasingly capable of understanding context, managing workflows, and taking action on behalf of users, healthcare stands to benefit enormously from technologies that can simplify patient journeys and reduce barriers to treatment.

By combining advanced AI reasoning, clinical oversight, and automated pharmacy operations into a single platform, MedPal AI is positioning itself at the forefront of this transformation.

With Juno now available via WhatsApp and the web, the company is taking a significant step toward its vision of healthcare that is not only intelligent and accessible, but genuinely proactive, helping patients move from questions to outcomes faster than ever before.

For more information visit – https://www.medpal.ai/

Kistos (LSE:KIST) is poised to increase its exposure to future North Sea production after partner Vår Energi approved the next phase of development at the Balder field area offshore Norway.

A final investment decision has been taken on the Balder Next New Wells project, which will involve the drilling of seven additional production wells tied back to the Jotun floating production, storage and offloading vessel (FPSO).

Reserve Base Expanded

The latest development programme is expected to unlock additional reserves within the Balder area, with gross proved and probable reserves increasing to approximately 86 million barrels of oil equivalent from around 75 million barrels previously.

The expansion is designed to enhance recovery from the field while extending the productive life of existing infrastructure in one of Norway’s established offshore producing regions.

For Kistos, which holds an interest in the asset through its Norwegian portfolio, the project represents an opportunity to benefit from increased future production volumes and reserve growth.

First Production Expected in 2027

The new wells are scheduled to come online in the fourth quarter of 2027.

By utilising the existing Jotun FPSO and associated infrastructure, the project is expected to be developed efficiently while minimising additional capital requirements compared with a standalone development.

Management highlighted a projected breakeven cost of approximately $30 per barrel of oil equivalent, supporting the project’s economic attractiveness even in lower commodity price environments.

Supporting Long-Term Production Growth

The Balder expansion forms part of broader efforts to sustain production from the area and maximise value from existing offshore infrastructure.

The development is also expected to contribute to lower operating costs and reduced emissions intensity over time through the continued use of established facilities and operational efficiencies.

Kistos has identified Norway as a key region for future growth, and the latest investment decision further reinforces the strategic importance of its interests on the Norwegian Continental Shelf.

Strengthening Partnership with Vår Energi

The project also highlights Kistos’ ongoing relationship with Vår Energi, one of Norway’s leading offshore operators.

Through partnerships with experienced operators, Kistos aims to participate in the development of producing assets while maintaining exposure to reserve growth and operational upside across its portfolio.

Management believes the Balder Next programme will support long-term value creation and strengthen the company’s position within one of Europe’s most significant offshore energy markets.

More about Kistos

Kistos Holdings plc is a London-listed independent energy company focused on acquiring, developing and optimising oil and gas assets. The company has operations across several European energy markets, with a significant presence on the Norwegian Continental Shelf. Kistos pursues growth through operational improvements, reserve development and strategic acquisitions designed to enhance long-term shareholder value.

Quantum Blockchain Technologies (LSE:QBT) has launched a new Malta-based subsidiary, BlocKeeper Plc, as it seeks to develop a capital-light approach to Bitcoin mining centred on acquiring and managing hash rate rather than owning physical mining infrastructure.

The new venture is designed to operate as a “virtual miner”, using purchased hashpower to participate in Bitcoin production while avoiding many of the operational and capital costs associated with traditional mining operations.

Malta Chosen for Crypto-Focused Expansion

BlocKeeper has been incorporated in Malta, a jurisdiction recognised for its established regulatory framework covering digital assets and cryptocurrency-related businesses.

Management believes the location provides a supportive environment for the development of a business model focused on the trading, acquisition and management of Bitcoin hash rate.

Under the strategy, hashpower is treated as a tradable commodity that can be sourced, managed and deployed in a flexible manner, creating opportunities to access Bitcoin production without directly investing in large-scale mining facilities.

Capital-Light Model Targets Greater Flexibility

Unlike conventional Bitcoin miners, which typically require significant expenditure on equipment, power infrastructure and facilities, BlocKeeper intends to operate with a more asset-light structure.

The company believes this approach could provide greater flexibility while reducing exposure to fixed operating costs and capital-intensive infrastructure investments.

Management also sees potential to offer liquidity solutions to mining companies and hashpower brokers while securing access to competitively priced mining capacity.

Commercial Discussions Underway

BlocKeeper is currently engaged in commercial negotiations with providers of Bitcoin hashpower as it works to establish its operating model.

The company said discussions are progressing as it seeks to secure access to mining capacity ahead of a broader commercial rollout.

In parallel, preparations are underway for a proposed admission of BlocKeeper to the AQSE Growth Market, although any listing remains subject to fundraising, regulatory approvals and market conditions.

Leveraging QBT’s Technology Expertise

The new subsidiary is expected to benefit from Quantum Blockchain Technologies’ ongoing research into artificial intelligence and Bitcoin mining optimisation tools.

Management said BlocKeeper intends to utilise QBT’s proprietary AI-driven technologies to improve the deployment and management of acquired hash rate once those technologies become commercially available.

To support its development, the company is assembling a board and advisory team with experience across Bitcoin mining, quantitative finance, treasury management and cybersecurity.

Separate Governance Structure Planned

QBT noted that BlocKeeper will operate with governance and management structures distinct from its core research and development activities.

The separation is intended to allow the subsidiary to pursue commercial opportunities independently while enabling Quantum Blockchain Technologies to continue focusing on the development of its mining-related intellectual property and software solutions.

More about Quantum Blockchain Technologies

Quantum Blockchain Technologies plc is a London-listed research and development company focused on blockchain innovation and Bitcoin mining technologies. The group is developing proprietary artificial intelligence and optimisation tools aimed at improving Bitcoin mining efficiency and performance. Through its research activities and new commercial initiatives such as BlocKeeper, the company is seeking to build a presence across multiple areas of the digital asset infrastructure market.

Tekmar Group (LSE:TGP) has reported a stronger first-half performance, with revenue, profitability and order intake all improving as the company’s Project Aurora transformation programme continues to reshape the business.

For the six months ended 31 March 2026, revenue increased 31% to £16.2 million, supported by higher levels of activity in the oil and gas sector and improved operational execution across the group.

Return to Positive EBITDA

The offshore energy services specialist delivered adjusted EBITDA of £0.1 million during the period, returning to positive territory as gross margins improved to 30.5%.

Losses also narrowed, with the company reporting a post-tax loss of £1.1 million compared with the previous period.

Management said the performance reflected progress in both operational efficiency and project delivery, despite ongoing disruption affecting some customer projects and broader geopolitical uncertainty linked to developments in the Middle East.

Order Intake Surges

One of the strongest indicators of momentum came from new business wins, with order intake almost tripling to £29.5 million during the first half.

The increase lifted Tekmar’s order book to £31.7 million, providing greater visibility over future revenues and underpinning management’s expectation of a significantly stronger second half.

The company said the growing backlog reflects demand across both traditional energy markets and renewable energy infrastructure projects.

Project Aurora Delivering Results

Tekmar credited much of the improvement to Project Aurora, its restructuring and growth programme aimed at strengthening operational performance and creating a more balanced business model.

The strategy has helped diversify the group’s order book across offshore wind and oil and gas markets while improving project execution and commercial discipline.

Management believes the programme is creating a more resilient platform for long-term growth by reducing reliance on individual markets and increasing exposure to recurring opportunities across the offshore energy sector.

Stronger Financial Position and Revenue Visibility

The company has also taken steps to strengthen its financial flexibility through refinancing initiatives and the sale of property assets, which have improved liquidity and balance sheet resilience.

In addition, recent contract awards in offshore wind and marine infrastructure are expected to provide multi-year revenue streams extending into the 2027 financial year.

These developments are helping to improve funding flexibility and enhance visibility over future earnings as the business continues its recovery.

Positioned for Long-Term Growth

Tekmar said the combination of a growing order book, improving profitability and a more diversified customer base supports its objective of building a larger, more resilient and sustainably profitable business.

Management remains confident that the progress achieved under Project Aurora will continue to support growth opportunities across both conventional and renewable offshore energy markets.

More about Tekmar Group

Tekmar Group plc is a UK-based provider of offshore energy services and asset protection technologies. The company supplies engineering solutions designed to protect and extend the life of offshore wind farms, subsea power cables, oil and gas infrastructure, ports and other marine assets. Operating internationally across Europe, North America, Asia-Pacific, Africa and the Middle East, Tekmar has delivered thousands of subsea protection systems and supported more than 50GW of offshore wind generation capacity worldwide.

Defence Holdings (LSE:ALRT) has launched Meridian, a new capability acceleration programme designed to help emerging defence and dual-use technology companies move more quickly from development stage to operational deployment.

The company has also introduced a dedicated digital platform that will serve as the programme’s central hub, enabling technology businesses to apply, engage with partners and access support services through a structured framework.

Programme Targets Emerging Defence Innovators

Meridian has been established to support early-stage companies developing technologies with applications across defence, national security and resilience.

Through the programme, participating businesses will gain access to customer insight, operational expertise, infrastructure support and potential sources of capital intended to help accelerate commercial growth and deployment opportunities.

Defence Holdings said the initiative is designed to address one of the key challenges facing smaller technology companies: bridging the gap between innovation and operational adoption.

Strengthening Sovereign Defence Capabilities

The launch forms part of Defence Holdings’ broader strategy to help develop sovereign technology capabilities within the UK defence sector.

Management believes that supporting innovative domestic companies can help strengthen national resilience while creating a more effective pathway for critical technologies to reach end users across defence and security organisations.

The company is positioning Meridian as a long-term programme focused on identifying technologies capable of addressing real-world operational requirements rather than short-term innovation initiatives.

Strategic Partnerships Support Delivery

Meridian has been developed with support from strategic partners including Oracle and IMSL, which will contribute expertise and infrastructure to the programme.

Defence Holdings said the initiative is built around a selective model that prioritises long-term engagement with participating companies, providing tailored support as technologies progress through development and commercialisation stages.

The aim is to create a structured environment where promising businesses can mature operationally while improving their readiness for deployment within the defence ecosystem.

Building a Pathway to Commercial Deployment

By combining technology support, customer engagement and operational resources, Defence Holdings hopes Meridian will help accelerate the adoption of innovative solutions across defence, security and critical infrastructure markets.

Management believes the programme will strengthen the company’s role within the UK defence technology landscape while supporting the development of businesses capable of contributing to future national security and resilience requirements.

More about Defence Holdings

Defence Holdings PLC is a UK-based defence technology company focused on developing software-led solutions and sovereign digital capabilities for defence, national security and resilience applications. Listed on the London market, the company operates at the intersection of defence, cyber security and critical infrastructure, with a strategy centred on supporting technologies that enhance operational readiness and long-term national capability.