General Motors has informed Surface Transforms (LON: SCE) that is re-sourcing supply of brake discs. This contract generated £15.3m in 2025, which was 84% of group revenues. The contract was expected to last until 2030. General Motors has provided advanced payments and financial support of £14.4m. The company has not yet spoken directly to General Motors. The contract loss is a major blow and Surface Transforms will employ corporate restructuring advisers. Even so, the share price jumped 42.1% to 0.135p.
SRT Marine Systems (LON: SRT) has signed its largest ever contract. The $261m deal is larger than anticipated. It is reliant on UK export funding. This is an implementation project of up to three years to install a marine intelligence and surveillance system. Excluding the latest contract SRT has secured contracts worth £340m. The share price gained 11.75 to 86p.
Tejara Capital has taken a 5.66% stake in Jersey Oil and Gas (LON: JOG). The share price rose 5.95% to 133.5p.
Business and healthcare software provider AdvancedAdvT (LON: ADVT) has launched a £10m share buyback programme and is also considering a tender offer. This will depend on the potential for acquisitions. There was £96m in the bank at the end of February 2026. The share price increased 6.9% to 155p.
Energy as a service provider eEnergy (LON: EAAS) has won a multi-site schools project and a contract with a major hospital. The Unity Schools Partnership contract is worth £1.1m and is for installation of solar PV systems. Plymouth University Hospital, which is an existing client, is spending a further £700,000 on LED lighting. The share price improved 4.95 to 5.35p.
FALLERS
Premier African Metals (LON: PREM) says that Canmax Technologies has elected to convert £9,384 of interest into shares at 0.02p each. The share price dipped 12.5% to 0.0175p.
Allergy Therapeutics (LON: AGY) reports positive biomarker data from the Phase I/IIa PROTECT trial of VLP Peanut. This shows a clear, dose-dependent reduction in allergic response by peanut allergy sufferers after two to three months. This includes a rise in protective antibodies. The peanut allergy market is worth billions of dollars. There are more than six million people in the US with peanut allergies. The share price declined 3.85% to 11.25p.
Antennas, irrigation and defence products supplier MTI Wireless Edge (LON: MWE) benefited from higher defence spending during 2025, but other areas, such as water irrigation also grew. Defence spending boosted the antennas division and offset some weakness in 5G demand in India. Water control division Mottech has developed its own controls IP and revenues were 10% ahead at $18.5m. The defence division grew revenues 19% to $17.4m, while the operating profit contribution was one-third higher at $2m. Group revenues increased from $45.6m to $51.5m, while pre-tax profit improved from $4.8m to $5.4m. The dividend is 3% ahead at 3.4 cents/share. Cash generation was unusually strong and net cash is $9.37m. Going into the new financial year, there is a strong order book, and all three divisions are progressing well. Pre-tax profit is forecast to improve to $5.8m despite currency headwinds. The share price lost some of its more recent gains and was down 4.5%, but a rally means that it is 0.9% lower at 55p.
URU Metals (LON: URU) has started line preparation for the ground-based geophysical programme at the Zeb nickel project. There will be high-resolution gravity surveys and frequency-domain electromagnetic surveys. This will provide greater information about anomalies that have been identified and better target future drilling. The share price fell 1.96% to 6.25p.