Laumann Group is making a recommended bid for uPVC windows supplier Epwin (LON: EPWN). The 120p/share cash offer values Epwin at £167.3m. Laumann wants to expand the range of building products it offers in the UK, and it already has relationships in the construction sector. There is minimal overlap between the companies. The share price jumped 30.2% to 118.5p – it has not been that high since 2021.
Celsius Resources Ltd (LON: CLA) says the updated feasibility study and front-end engineering and design being undertaken by Philippines associate affiliate project company for the Maalinao-Caigutan-Biyog copper-gold project is on schedule with an interim study report expected by the end of August. Project financing discussions are ongoing. The share price recovered 23.1% to 0.4p.
Cleaning and facilities services provider React Group (LON: REAT) has won new business from existing and new clients. It includes multi-year contracts from industrial companies. Dowgate says this underpins the 2024-25 pre-tax profit forecast of £2.1m, rising to £3.1m in 2025-26. The share price rebounded 5.15% to 51p, having been as high as 52.5p.
Interior furnishings brands owner Sanderson Design Group (LON: SDG) has reassured the market that it is on course to achieve 2025-26 forecast pre-tax profit of £5m, up from £4.4m. In the first half there was growth from licensing and in North America, but overall brand revenues fell 7% although the performance was better at the end of the period. Overall revenues were 4% lower at £48.3m. Cost savings have reduced annualised costs by £1m. The share price improved 7% to 53.5p.
Daniel Holliday has added more shares to his holding in supercapacitors company Cap-XX (LON: CPX) taking it from 8.19% to 10%. The share price rose 6.76% to 0.395p.
Video editing technology provider Blackbird (LON: BLACK) has won a contract for the use of elevate.io for editing and publishing content for multiple live streams at a global winter games in 2026. The share price increased 3.33% to 3.1p.
FALLERS
Helium explorer Helium One Global (LON: HE1) has completed the oversubscribed retail offer of £1m at 0.54p/share. The company has already raised £10m. The share price deceased 7.03% to 0.635p.
Oil and gas producer PetroTal Corp (LON: PTAL) has published second quarter figures and says that less drilling is planned for this year. Second quarter net production was 21mboe/day, down from 23.3mboe/day in the previous quarter. First half revenues were $168.5m. Zeus has reduced its net production expectations for 2025 from 21.9mboe/day to 20.1mboe/day. Revenues have also been cut but free cash flow is expected to improve from $27.3m to $32.4m, so net cash should rise from $76.8m to $81.9m. The 2026 production and revenues are also downgraded, and net cash is forecast to reach $108.4m. The share price fell 4.43% to 37.75p.
Ex-dividends
Cake Box (LON: CBOX) is paying a final dividend of 6.8p/share and the share price slipped 7.5p to 212.5p.
Jarvis Securities (LON: JIM) is paying a dividend of 2.9p/share and the share price declined 3p to 23p.
Nichols (LON: NICL) is paying an interim dividend of 15p/share and the share price fell 27.5p to 1152.5p.