FIH Group (LON: FIH) is selling the Momart art logistics business for £7.6m to a larger rival and the deal should complete by the end of September. Momart made a loss last year. There could be a cash distribution to shareholders, as well as investment in the remaining business in the Falkland Islands. The share price gained 25.6% to 135p.
Digital health company MedPal AI (LON: MPAL) says annualised revenue run rate is £8.6m, including annualised SaaS revenues of £843,000. In July, 47,223 NHS prescriptions were handled. The share price increased 14.5% to 3.55p.
Water and environmental technologies technology developer Metir (LON: MET) is increasing production of Microtox LX instruments and it is receiving more requests for quotations. Eleven of the instruments have been sold so far this year. There are potential sales to UK water companies. Production of QuickCheck SRB kits is set to restart, and the development of other products is progressing. The share price improved 6.67% to 0.8p.
Great Western Mining Corporation (LON: GWMO) expects drilling to start at the Defender tungsten project in Nevada in a fortnight. Assay results are expected in September and October. The share price rose 6.35% to 3.35p.
Audio equipment supplier Focusrite (LON: TUNE) says so far this year trading is ahead of the same period last year. Both content creation and audio reproduction divisions are growing. A capital markets day is planned for later in the year to provide more information about the company’s silicon chip technology. Pre-tax profit is forecast to improve from £12.5m to £14.2m. The share price added 1.27% to 240p.
FALLERS
Automotive interior components supplier CT Automotive (LON: CTA) says revenues grew 15% to $62.1m in the first half. However, higher operating costs mean that profit will be much lower than in the first half of 2025. Some of the cost increase can be recovered but that has been delayed until the second half. Production inefficiencies in Mexico had to be rectified. Revenues and profit should be stronger in the second half and the company is optimistic about achieving full year forecasts. Pehlwan Malik Holdings has recently taken a 3% stake and that pushed up the share price. Pehlwan Malik Holdings’ main subsidiary is Green Destinations, which provides passenger transport services. The share price has fallen back 24.5% to 40p, which is still higher than at the end of June.
ePharmacy company Vulcan Two (LON: VUL) says integration of its three acquisitions is progressing well. Vulcan Two is shedding lower margin customers and focusing on profitability. Forecast 2026 revenues reduced by 4% to £38.9m and additional staff hires and duplicated running costs have cut the pre-tax profit forecast from £1.9m to £1.1m. This knocked 11.8% off the share price leaving it at 225p.
Communications and satellite technology developer Filtronic (LON: FTC) reported a small dip in revenues to £55.5m, despite adverse currency movements, and investment in technology and increasing capacity led to a fall in pre-tax profit from £15.1m to £8.1m. Additional engineering and business development staff have been taken on. The new Sedgefield facility is up and running and annual capacity has increased to more than £200m. SpaceX remains the largest customer, but new customers are diversifying revenues. Pre-tax profit is expected to rise to £8.9m this year and 95% of forecast revenues are in the order book. Early forecasts tend to be conservative so there is room for upgrades later in the year. The share price slid 8.37% to 230p.
Floorcoverings distributor Likewise (LON: LIKE) has doubled the size of its retail offer to £4m at 28.5p/share. The offer closes at 6pm tonight. The placing and subscription had already been raised to £28,5m. The share price dipped 2.45% to 30.25p, still 37.5% higher over the year.