Chariot (LON: CHAR) is supporting Etu Energias in its acquisition of Chevron’s 31% operated interest in Block 14 and 15.5% of Block 14K, offshore Angola. This provides exposure to 4,000 barrels of oil equivalent per day. At $70/barrel for Chariot’s total net production, Cavendish has updated the target share price to 8.3p. The share price increased 14.1% to 1.94p.
Shares in floorcoverings distributor Likewise (LON: LIKE) jumped 12.7% to 35.5p after its main rival Headlam went into administration.
Molecular diagnostics company Novacyt (LON: NCYT) has signed a five-year collaboration agreement with Illumina for joint product development and commercialisation opportunities. Illumina will contribute DNA sequencing expertise. Specific products developed will be subject to a separate agreement. The share price improved 8.24% to 46p.
Ondine Biomedical Inc (LON: OBI) says that the US phase 3 study for its nasal photodisinfection technology reached its primary efficiency endpoint. There was a 40% reduction in 30-day surgical site infections and there were no safety concerns. The results will be shared with the FDA before submitting a formal marketing application. The share price gained 8.51% to 12.75p.
A company has been set up to take a 24.7% stake in the AW1 Battery Storage project in Uskmouth being developed by Ampeak Energy (LON: AMP), which retains a 50.6% shareholding. There is a £3.9m equity investment and the purchase of a loan of £3.9m. The share price rose 5.77% to 2.75p.
FALLERS
LiDAR wind sensors developer Windar Photonics (LON: WPHO) shares have returned from suspension down 78.3% to 5.75p. This follows the oversubscribed retail offer that raised £245,000 at 5p/share, taking the total fundraising to £5.12m. The exercise price of the warrants held by GEM has been reduced. The audit of the 2025 accounts was finally completed at the end of August.
Foreign exchange services provider Finseta (LON: FIN) says that first half revenues fell from £5.9m to £5.4m. It puts the blame on the conflict in the Middle East. Although Middle East revenues have risen, Finseta has been putting in place a cost base assuming much higher revenues. The poor economic climate has also hit income. Net cash was £400,000 at the end of June 2026. Second half revenues are expected to be similar to the first half and a 2026 loss of £2.6m is forecast. The share price slumped 39.5% to 6.5p.
Sancus Lending (LON: LEND) increased assets under management from £307m to £339m in the six months to June 2026. Interim revenues were 36% higher at £13.1m, however the operating loss increased to £3.4m because of the poor economic background and a £700,000 impairment charge on past loans, plus higher finance costs. There is likely to be a £14m write down of the Channel Islands joint venture. The share price dived 19.2% to 1.05p.
Litigation Capital Management (LON: LIT) says that the debt covenant waiver from Northleaf has been extended to 30 September. There is no waiver fee, but the interest charge is still two percentage points above the original level. The strategic review, which is nearly one year old, continues. The share price slipped 6.25% to 1.8p.