Online retailer Boohoo (LON: DEBS) is starting to turnaround its business and management believe it could be earning BITDA of £50m in three years. In the six months to August 2025, revenues fell from £385.4m to £296.9m, but there was a swing from an adjusted loss of £9.2m to an operating profit of £1.8m. There was still a pre-tax loss. Cost savings have been made and a full year pre-tax loss of £11.5m is forecast. Nt debt should start to decline. There is a new incentive scheme for executives. The share price rebounded 38.8% to 16.1p.
Team (LON: TEAM) has launched a recommended bid for WH Ireland (LON: WHI). It is offering 0.195 of a share for each WH Ireland share and the WH Ireland shareholders will own 43.5% of the enlarged group, which will be valued at around £30m. The WH Ireland share price is one-quarter higher at 3.75p, while the Team share price rose 1.82% to 28p.
Shares in Anglo Asian Mining (LON: AAZ) have returned from suspension 16.9% higher at 225p. Trading in the shares was suspended on Wednesday morning. ACG Metals is considering making an offer for the gold and copper producer, which has a resource base of more than 400,000 ounces of gold and one million tonnes of copper. The Xarxar and Garadag projects are still to be brought into production.
Energy efficiency services provider Earnz (LON: EARN) says that there will be no impact on its business from the Budget. The company is not reliant on the Energy Company Obligation, which was due to close in March anyway. The share price bounced back 7.79% to 4.15p.
Battery technology developer Gelion (LON: GELN) has made strong progress over the past year and recently strengthened its balance sheet through a £10.5m fundraising that should give it enough cash for two years. In the year to June 2025, revenues increased 36% to £2.7m, with one-third coming from the first commercial sales. That helped the operating loss fall by one-quarter to £6m. Gelion is making strong progress with partners, including TDK Corporation, with whom it expects to produce a commercial pouch cells prototype within the next 12 months. The Li-S technology is achieving strong results in relation to battery life and power performance. The share price recovered 5.19% to 20.25p.
FALLERS
Premier African Minerals (LON: PREM) has raised £500,000 at 0.0575p/share. This will be invested in the processing plant for the Zulu lithium and tantalum project. The share price dipped 16.7% to 0.0625p.
North Sea oil and gas company Jersey Oil & Gas (LON: JOG) says that the UK government proposals for replacing the energy profits levy with the oil and gas price mechanism (OGPM) provide clarity for the longer-term tax regime. The OGPM will come into force on 1 April 2030 or earlier if oil passes $74/barrel and gas goes above 57p/therm. There will be a 35% tax on revenues above those levels. Threshold prices for the tax will be set twice each year. Jersey Oil & Gas will assess the impact on the Buchan project. The share price fell 5.24% to 108.5p.
Production has recovered at Serica Energy (LON: SQZ). In November, it averaged more than 50,000 boepd and the acquisition of Prax Upstream – due to be completed in December – will add more. This prior to the planned outage at Triton. There are organic growth options now that the tax regime has been clarified. Third quarter revenues were $134m. Cash was $41m. The share price declined 4.88% to 171.4p.
Ex-dividends
Calnex Solutions (LON: CLX) is paying an interim dividend of 0.31p/share and the share price is unchanged at 49.5p.
CML Microsystems (LON: CML) is paying an interim dividend of 5p/share and the share price is unchanged at 302p.
Craneware (LON: CRW) is paying a final dividend of 18.5p/share and the share price declined 5p to 2135p.
Focusrite (LON: TUNE) is paying a dividend of 2.1p/share and the share price improved 7.5p to 205p.
Michelmersh Brick (LON: MBH) is paying an interim dividend of 1.6p/share and the share price fell 0.2p to 86p.
MHA (LON: MHA) is paying a maiden dividend of 1p/share and the share price rose 0.5p to 169p.
Tatton Asset Management (LON: TAM) is paying an interim dividend of 12p/share and the share price dipped 2p to 696p.
Tristel (LON: TSTL) is paying a final dividend of 8.52p/share and the share price is 5p lower at 355p.
Volex (LON: VLX) is paying an interim dividend of 1.6p/share and the share price decreased 0.5p to 389.5p.
YouGov (LON: YOU) is paying a final dividend of 9.25p/share and the share price slid 11.5p to 255.5p.