Digital transformation services provider TPXimpact (LON: TPX) exceed expectations in the year to March 2026. Cavendish now expects pre-tax profit to double to £6.7m with a further upgrade to £8.1m next year based on improving margins. The share price jumped 14.9% to 42.5p.
Concierge services technology platform provider Ten Lifestyle (LON: TENG) reported interim figures in line with the recent trading statement and said that digital contracts won in recent months mean that profit will be better than expected next year leading to forecast upgrades. Interim revenues were 6% ahead at £33.7m, or 9% in constant currency. Underlying pre-tax profit improved from £1m to £1.6m, although that is before an £800,000 loss on foreign exchange, mainly from Latin American currencies, compared with a £100,000 gain in the corresponding period. Cash was generated after capitalised spending on technology. Net cash was £9.3m at the end of February 2026. Active members that use the service at least once in the year are 23% higher at 436,000. The focus has previously been on high net worth individuals. Investment in digital services will broaden the potential market due to improved efficiency and increased personalisation. The Middle East is a small part of the business and there has not been a significant impact on group performance. Full year pre-tax profit is expected to be £5.7m. The 2026-27 figure was previously £7.2m. The share price increased 12.2% to 83p.
Oil and gas company Kistos (LON: KIST) says pro forma production for the first quarter was 21,800boe/day, while full year guidance is 19-21,000boe/day. Net debt was $78m. There are plans to issue a $300m four-year senior secured bond to refinance the existing $282m. The acquisition of producing assets in Oman is near completion and this oil and gas is exported via the Arabian Sea and not through the Strait of Hormuz. The share price rose 11.3% to 295p.
hVIVO (LON: HVO) has won a phase 3 human challenge trial for ILiAD Biotechnologies, which should be its largest ever HCT by value. This is the first phase 3 trial undertaken in Bordetella pertussis, which causes whooping cough and related diseases. Revenues will be generated this year and in 2027. The share price improved 3.8% to 9.55p.
FALLERS
Alien Metals (LON: UFO) joint venture partner West Coast Silver announced a JORC compliant 2.79 million ounces mineral resource estimate for the Elizabeth Hill silver project. The cut off was 20g/t. The share price has been rising in the past month, but it lost some of those gains and is down 15.2% to 0.14p, which is still 16.7% higher over five days.
LBG Media (LON: LBG) says direct business is growing due to demand for content by brands, but indirect business has been hit by social media algorithm changes. The change in mix has hit margins. Interim revenues rose 19% to £52.4m. EBITDA fell from £12.2m to £8m. Net cash was £28.4m at the end of March 2026. The share price dipped 11.9% to 47.2p.
Telematics services provider Quartix (LON: QTX) grew annualised recurring revenues 12% year-on-year to £38.6m in the first quarter. A price increase will boost revenues when contracts are renewed this year. Pre-tax profit is expected to improve from £8.7m to £10.1m. Profit-taking knocked 11.1% off the share price at 247.5p.
Retailer Shoe Zone (LON: SHOE) says trading conditions continue to be difficult because of the weak consumer market that has been made worse by concerns relating to the Middle East conflict. Guidance has been downgraded to a loss of between £1m and £2m for this year with another loss expected next year. Net cash should be £7m at the year end. The share price fell 7.77% to 47.5p.
Billing and CRM software provider Cerillion (LON: CER) reported an 14% dip in first half revenues to £18m, but new order intake doubled to £39.6m. This means that there will be an even greater second half weighting this year. Management believes it can still achieve the forecast full year pre-tax profit improvement from £21.8m to £23.2m. The interims will be published on 1 June. The share price declined 5.59% to £13.90.