Jersey-based asset manager Team (LON: TEAM) has approached WH Ireland (LON: WHI) about an indicative, non-binding offer. The all-share offer would be 0.195 of a Team share for each WH Ireland share. The offer is being evaluated. The WH Ireland share price rebounded 83.3% to 2.75p, while the Team share price rose 1.82% to 28p.
Nortrust Nominees has taken advantage of the rise in the Empyrean Energy (LON: EME) share price by reducing its stake from 4.5% to 1.28%. The share price increased 14.7% to 0.1525p.
EnergyPathways (LON: EPP) has started engineering studies with KBR and Hazer Group for its planned hydrogen and graphite production facilities in Barrow-in-Furness. EnergyPathways had already secured exclusive right to Hazer hydrogen production technology, as well as starting technology studies relating to high-grade synthetic graphite. The share price gained 4.85% to 5.4p.
Ariana Resources (LON: AAU) says drilling at the Tavsan mine in Turkey, where it has a 23.5% interest, confirms that mineralisation extends beyond the current JORC resource. This is both at depth and between planned pits. Once drilling is complete there will be a new JORC resource by the third quarter of 2026. The share price improved 1.72% to 1.475p.
FALLERS
Touchstone Exploration (LON: TXP) has published new production guidance, which is a reduction of 6% to the mid-point of 4,700 boepd. The previous guidance was published in October. Cascadura-5 was brought online at the beginning of November, but production has been lower than expected. That means net debt expectations have been increased to $69m. A waiver has been secured on the debt service coverage covenant. Production is expected to be much higher in 2026 and there should be significant cash generation. Even so, the share price fell 34.8% to 7.25p.
Oil and gas producer PetroTal Corp (LON: PTAL) has suspended dividend payments, which will save $55m in a full year. Lower oil prices and reduced production led to this decision. Drilling activity has been postponed to mid-2026 following delays with the rig. The share price slumped 31.5% to 25p.
Uncertainty ahead of the Budget has hit demand at building materials distributor Lords Group Trading (LON: LORD). Autumn is normally a strong trading period but like-for-like revenues of the merchanting division fell 1.8% in the four months to October 2025. Plumbing and heating like-for-likes declined 8.3%. The bright spot was the acquired CMO business, which has moved into profit. Guidance for full year revenue is £480m-£485m and adjusted EBITDA of between £20m-£21m. Cavendish has cut its pre-tax profit forecast from £6.7m to £2.7m. The share price slid 26.6% to 22.9p.
Futura Medical (LON: FUM) has raised £2.75m at 1p/share to provide financial stability, while management undertakes the strategic review and to continue to spend on product development. Appropriate EU market models are being considered with Cooper Consumer Health. There are also talks with US distributor Haleon. Alex Duggan become permanent chief executive, and Angela Hildreth is staying as finance director. Turner Pope has been appointed joint broker. The share price declined 26.5% to 1.6175p.
Ex-dividends
Anpario (LON: ANP) is paying an interim dividend of 3.6p/share and the share price declined 22p to 498p.
James Halstead (LON: JHD) is paying a final dividend of 6.05p/share and the share price fell 6.25p to 138.25p.
London Security (LON: LSC) is paying an interim dividend of 55p/share and the share price slipped 100p to 3150p.
Mincon Group (LON: MCON) is paying an interim dividend of 1.05 cents/share and the share price is unchanged at 43.5p.
Wynnstay Properties (LON: WSP) is paying an interim dividend of 10.5p/share and the share price is unchanged at 830p.