Small Caps
Pulsar reports first-half rise in annual recurring revenue
Marketing and communications software-as-a-service specialist Pulsar Group reported a £2. 2m increase in annual recurring revenue in its interim results on Monday, demonstrating a marked improvement in growth momentum compared to the £1. 3m growth in the first half of 2023.
Zinc Media trading in line despite slow UK market
Television and content production company Zinc Media Group reported ongoing delays in the UK content commissioning market in an update on Monday.
Aptamer reports success in ongoing work with Unilever
Aptamer Group, a developer of novel ‘Optimer’ binders for the life sciences industry, updated the market on its ongoing partnership with Unilever on Monday, aimed at creating Optimer binders for use in cosmetic applications.
Berenberg raises target price on LBG Media
Analysts at Berenberg hiked their target price on digital media publisher LBG Media from 120. 0p to 140. 0p on Monday, citing positive tailwinds.
Angus Energy Q2 revenues seen at roughly £4.9m
Onshore energy transition business Angus Energy said on Monday that second-quarter revenues were expected to come to roughly £4. 90m after only minor servicing to two compressor engines was required during the period.
Solid State reports record revenue, surge in profits
Computing, power and communications specialist Solid State reported record revenue of £163. 3m in its final results on Monday, representing a 29% increase from year-on-year.
Biome warns of ongoing slowness in bioplastics division
Bioplastics and radio frequency technology specialist Biome Technologies reported challenges in its bioplastics division, alongside positive developments in its Stanelco RF technologies division, in an update on Monday.
Marston's disposes of stake in Carlsberg JV
Wolverhampton-based company Marston's has disposed of its 40% stake in its brewing joint venture with Carlsberg to become a business entirely focused on pubs.
Macfarlane buys foam packaging firm Polyformes for £11.5m
Scottish packaging firm Macfarlane Group announced on Monday it is spending £11. 5m to buy foam specialist Polyformes.
Huddled acquires stock clearance retailer Boop Beauty
E-commerce specialist Huddled Group announced the acquisition of a 75% controlling stake in Boop Beauty on Monday.
Seeing Machines buys Asaphus Vision, partners with Valeo
Driver monitoring technology specialist Seeing Machines announced a collaboration with global automotive supplier Valeo on Monday, complemented by the acquisition of Asaphus Vision, a Berlin-based development group with strong expertise in machine learning (ML) and artificial intelligence (AI).
Ferrexpo delivers best H1 production since Russia's invasion of Ukraine
Mining company Ferrexpo said on Monday that production levels had surged in the six months ended 30 June and led to its best performance since Russia's full-scale invasion of Ukraine in February 2022.
Quartix flags solid first-half subscription growth
Vehicle tracking specialist Quartix Technologies said in a trading update on Monday that it expected to report first-half revenue of £16m, adjusted EBITDA of £2. 6m, pre-tax profit of £2. 6m, and free cash flow of £0. 9m.
ITM Power inks 500MW capacity reservation deal
ITM Power announced a significant capacity reservation agreement with a major global industrial customer on Monday, securing 500MW of future production capacity for ITM Power’s advanced electrolyser stacks.
Jangada upbeat on progress at investee Blencowe
Natural resources developer Jangada Mines highlighted significant advancements made by Blencowe Resources, in which it holds a 10% stake, on Monday.