Caledonian Holdings (LON: CHP) investee company AlbaCo is raising £25m to increase its regulatory capital. The cash will support the application for full bank authorisation. Caledonian has a 5.47% stake and is providing £110,000 of additional short-term funding to AlbaCo. The FCA has approved Caledonian’s investment in Aspire Payments. The share price jumped 14.3% to 0.004p.
Wellnex Life (LON: WNX) shares have risen 11.8% to 9.5p following last Friday’s interim results, although there are no reported trades. The consumer healthcare company increased revenues 8% to A$12.9m and cut the loss by three-quarters to A$1.79m.
FIH Group (LON: FIH) is selling The Portsmouth Harbour Ferry Company for £11.6m. The ultimate buyer is Collins River Enterprises, which trades under Uber Boat by Thames Clippers. The ferry operator has a net book value of £7.59m and made a pre-tax profit of £530,000 under the ownership of FIH. The share price increased 10.2% to 270p.
Arrow Exploration (LON: AXL) has announced results for two wells – M-9HZ and M-10 – at Mateguafa in South America. M-9HZ has been brought onstream at 850bbl/day gross and M-10 at 1,100bbl/day gross. Arrow Exploration has a 50% interest in each well and its total net production is 4.9mbbl/day. The share price gained 8.96% to 18.25p.
The rise in oil prices has pushed up the share prices of some of the AIM-quoted oil and gas producers. Star Energy (LON: STAR) recovered 17.8% to 13.25p following last week’s fall after the trading statement, Petro Matad (LON: MATD) rose 6.38% to 1.25p, Kistos (LON: KIST) increased 8.33% to 260p and North Sea oil and gas producer Serica Energy (LON: SQZ), which is the largest oil company on AIM, improved 8.28% to 261.5p.
FALLERS
Alba Mineral Resources (LON: ALBA) has raised £800,000 at 0.02p/share. The cash will fund drilling at the Clogau gold mine and processing of ore, as well as upgrading the processing plant. It will also fund an updated mineral resource for the Motzfeldt critical metals project in Greenland and the completion of the assay programme at the Finnsbo gold copper rare earths project in Sweden. The share price dived 21.2% to 0.0205p.
Premier African Minerals (LON: PREM) says that the new spodumene plant is about to arrive on site at the Zulu lithium and tantalum project. Commissioning and optimisation should take place in the second quarter of 2026. The company is in discussions with the Zimbabwe authorities about the suspension of lithium concentrate and raw mineral exports. The share price dipped 10.3% to 0.0175p.
Molecular diagnostics company Novacyt (LON: NCYT) has launched a preferential subscription rights issue to raise €785,000 at €0.40/share. Shareholders are offered one share for every 36 they hold. The subscription period ends on 17 March. This follows the acquisition of Southern Cross Diagnostics for £4.4m, which will enable entry to the Australian market as well as adding products that can be distributed in other countries. The previous owner of Southern Cross has committed to subscribe for shares, as have some members of the Novacyt board. The final subscriptions depend on the take up of other shareholders. Novacyt generated revenues of around £20m in 2025, but remains loss making, and cash was £19.2m at the end of 2025. The share price declined 4.08% to 35.3p.
Lords Group Trading (LON: LORD) has paid the next deferred consideration of £600,000 for AW Lumb in cash. That leaves £480,000 payable in February 2027. The share price fell 4.17% to 23p.
Airline and tour operator Jet2 (LON: JET2) has been hit by concerns about travel in the Middle East because of the conflict in Iran. The share price slipped 2.47% to £12.25, having been down to £12 earlier in the day.