Mercantile Ports and Logistics (LON: MPL) shares continue to rise while investors await a decision from the meeting of a consortium of banks to consider Mercantile’s debt proposal on Friday 10 April. The share price added 71% to 2.65p, which is a 715% rise over the past four days.
Trellus Health (LON: TRLS), which developed the Trellus Elevate platform to manage complex chronic conditions, has renewed its licence agreement with Pfizer Inc. Pfizer will continue to use the technology in its inflammatory bowel disease digital application. Trellus Health has reduced monthly cash burn to $300,000 and cash will last into May. The share price increased by one-quarter to 0.25p.
IT services provider SysGroup (LON: SYS) traded strongly in the second half, helped by the acquisition of Saxis. Full year revenues were 7% higher at £22.1m – they were previously expected to be flat. Pre-tax profit is set to be one-third higher at £400,000. Net cash was £2.7m. Pre-tax profit is forecast to rise to £900,000 in 2026-27. The share price rose 18.5% to 16p.
MTI Wireless Edge (LON: MWE) has won a further $2m order for antennas. This follows $6m of orders for the group last week. The share price improved 14.4% to 70.5p.
Eco (Atlantic) Oil and Gas (LON: ECO) has agreed to farm down a 60% participating interest in its three Namibian licences to BP, which will take on operatorship. There will be a one-off cash payment of $2.7m. BP will carry Eco through the current exploration phase. Eco will retain 25% and if the licence is renewed it can sell a further 10% interest to BP for a full carry for each well on each of the licences, with a cap of $21m for each well. The share price gained 8.91% to 59.9p, having been around 61.5pearlier in the morning.
Telecoms test equipment supplier Calnex Solutions (LON: CLX) says full year trading was slightly better than expected. More business is coming from datacentres and defence, rather than the original telecoms customer base. A new partnership with VIAVI Solutions will help to broaden the client base. Cavendish increased forecast 2025-26 pre-tax profit by 59% to £1.2m. Cash is £9.3m. The share price is 10.3% higher at 53.5p.
FALLERS
Retailer Mothercare (LON: MTC) says trading conditions are still difficult with no sign of a recovery. The problems are exacerbated by exposure to the Middle East. System sales in the year to March 2026 fell 22% to £180m last year. The forecast loss has been increased to £2.4m and a loss of £2.8m is expected next year. Net bank debt is estimated to be £5.7m. Pension contributions have been deferred for a further year. The share price slumped 21.4% to 1.105p.
Embedded computing products supplier Concurrent Technologies (LON: CNC) increased full year revenues 145 to £45.9m and pre-tax profit by one-quarter to £6.5m, which was slightly better than forecast. The new US facility came on stream in December. Pre-tax profit is expected to rise to £8m in 2026. The share price dropped 7.71% to 191.5p.
Barclays has cut its target share price for Jet2 (LON: JET2) from £17 to £16, but the recommendation remains overweight. The share price declined 3.59% to £11.69.