Hutchmed (China) Ltd (LON: HCM) says the New Drug Application for ORPATHYS (savolitinib) has been granted conditional approval by the authorities in China for treating locally advanced or metastatic gastric cancer or gastroesophageal junction (GC/GEJ) adenocarcinoma patients with MET amplification. The share price jumped 11.7% to 179.25p.
Advanced materials and paper producer James Cropper (LON: CRPR) has refinanced its debt, which will provide greater flexibility. This includes a new invoice discounting facility of up to £15m. A one-off pension funding charge of £600,000 has been agreed. The next valuation has been brought forward to March 2027. The share price increased 8.57% to 380p.
US oil and gas producer Zephyr Energy (LON: ZPHR) has leased more land in the Paradox Basin in Utah. The additional 2,294 acres is to the north of the White Sands unit. Zephyr Energy holds more than 72,000 acres. The share price gained 8.19% to 3.7p.
Timber supplier James Latham (LON: LTHM) reported an improvement in full year pre-tax profit from £24.3m to £25.1m. The positive momentum continued into the new financial year with slight improvements in margin and volumes. There could be supply uncertainties due to the Middle East conflict. Cash was £51.2m at the end of March 2026. The total dividend has been raised 35.25p/share to 36.7p/share. The share price rose 7.84% to £11.
Sintana Energy (LON: SEI) is progressing towards drilling of wells in Namibia, Uruguay and Angola. There are up to six drilling results expected over the next 18 months. Activity is about to commence on the PEL 83 licence in Namibia and Sintana Energy is carried for its 4.9% stake. An exploration well should be drilled on PEL 90 in Namibia before the end of the year. There was $16.1m in cash at the end of June 2026 with $6.75m expected from legacy deals. The share price improved 5.56% to 19p.
Huddled Group (LON: HUD) says the retail offer at 0.4p/share was nearly three times subscribed and it has decided to accept £200,000, which was double the amount sought. That takes the total raised to £1.51m. The share price recovered 5.26% to 0.5p.
FALLERS
Mercantile Ports & Logistics (LON: MPL) says the hearing before the National Company Law Tribunal relating to Karanja Terminal & Logistics has been adjourned. There will be a further hearing on 7 August. The share price decreased 12.9% to 1.35p.
Decision intelligence software provider ActiveOps (LON: AOM) grew full year revenues from £26.8m to £38m from a combination of organic growth and a nine month contribution from Enlighten. Net revenues retention was 119%, while annualised recurring revenues are £41.5m. Pre-tax profit increased from £1.3m to £2.4m. Cash was £23.8m at the end of March 2026. The $10m from the sale of the WorkIQ trademark to Microsoft was received after the year end. The share price dipped 9.52% to 237.5p.
Homeware brands owner Ultimate Products (LON: ULTP) founder Simon Showman sold 165,681 shares at 45.9p each. Each of his three adult children bought one-third of these shares. The share price slipped 2.98% to 45.6p.
Ex-dividends
BP Marsh (LON:BPM) is paying a final dividend of 6.98p/share and the share price is unchanged at 687p.
Camellia (LON: CAM) is paying a final dividend of 260p/share and the share price fell 200p to £54.25.
Fletcher King (LON: FLK) is paying a dividend of 20p/share and the share price declined 27p to 40.5p.
Heavitree Brewery (LON: HVT) is paying an interim dividend of 2.75p/share and the share price is unchanged at 270p.
Microlise (LON: SAAS) is paying a final dividend of 1.3p/share and the share price dipped 0.5p to 40.5p.
Next 15 Group (LON: NFG) is paying a final dividend of 10.6p/share and the share price slid 10.75p to 259.75p.
Skillcast Group (LON: SKL) is paying a final dividend of 0.42p/share and the share price is unchanged at 46p.