Video games company Frontier Developments (LON: FDEV) is upgrading guidance for the year to May 2026 thanks to the success of Jurassic World Evolution 3, which has done better than its predecessor. This is despite delays in issuing new content for the game. Revenues of £103m are expected. Underlying operating profit should be £16m. Cash was £44.9m at the end of April 2026, following share buybacks. An end-year trading update will be released on 10 June. The share price increased 18.8% to 391.5p.
Tern (LON: TERN) investee company Device Authority announced a new partnership with Xalient, a supplier of identity cybersecurity services. Tern owns 25.3% of the identity and access management technology company. The share price rose 18.7% to 0.7p.
Water remediation services provider Mycelx Technologies (LON: MYX) has been awarded a new offshore produced water treatment lease in the Gulf of Mexico by major oil and gas company. This will generate monthly income and recurring filtration product sales. This could contribute $850,000 in 2026. The share price gained 12.1% to 51p.
Toys and hobbies supplier Character Group (LON: CCT) improved interim pre-tax profit by 15% to £2.4m on 9% lower revenues of £48.3m. Net cash was £13.7m at the end of February 2026 and there is a potential warehouse sale could raise £9.8m. Panmure Liberum raised its full year pre-tax profit forecast to £5m. The share price is 11% ahead at 273p.
Acoustic and insulation materials developer Autins Group (LON: AUTG) has repaid its existing £750,000 loan and entered into a new £1m, four-year facility with Maven. Net debt was £1.6m at the year end. This will help finance working capital for new contracts. Autins returned to profit in 2025-26 even though revenues fell from £19.3m to £17.6m. There was an underlying net profit of £170,000, helped by an improvement in gross margin to 36.4%. There are consolidation opportunities. The share price improved 8.7% to 12.5p.
FALLERS
Audio visual products distributor Midwich Group (LON: MIDW) is adding to market share and the challenging market conditions appear to be easing in some markets, including the UK. Business has been hit in the Middle East. There will be a trading statement on 21 July. Rorema Beheer BV has increased its stake from 5.04% to 7.16%. Liontrust has cut its holding from 11.7% to 9.24%. The share price declined 9.9% to 148.3p.
Alien Metals (LON: UFO) joint venture partner in the Munni Munni Platinum-Palladium-Copper-Nickel project in Western Australia has raised A$7.5m through a placing. GreenTech Metals will use the cash for phase II exploration and development of Munni Munni, as well as the Whundo project. Alien Metals has raised A$700,000 by selling shares in GreenTech Metals at $A0.075/share, leaving it with 37.9 million shares as well as 30% of Munni Munni. This cash will fund projects that Alien Metals operates. The share price fell 6.67% to 0.14p.
RUA Life Sciences (LON: RUA) is spinning out its structural heart business as RUA Structural Heart and it will receive £3m of convertible loan funding from Leducq Foundation. The business is developing AurTex-based heart valves for people with RHD. There are also plans for an aortic valve programme. RUA will not have to fund the valve development, which will save £750,000 in annual costs. The share price has been rising in recent days and there has been profit taking with a 6% dip to 23.5p, while still being 68% higher so far this year.