Managed services provider Tialis Essential IT (LON: TIA) has been awarded a five-year £60m framework agreement by an existing customer. This underpins forecast 2025 pre-tax profit of £1.2m. The share price jumped 36% to 85p, having exceed 100p earlier in the morning.
Tertiary Minerals (LON: TYM) says initial analysis of phase 2 drill programme results extends the near surface silver mineralisation at target A1 at the Mushima North project in Zambia. It adds 225 metres to the north. The mineralisation remains open to the north and at depth. The share price is one-fifth higher at 0.045p.
Falcon Oil & Gas (LON: FOG) has received approval from the Northern Territory government for the beneficial use of gas agreement. This enables the sale of appraisal gas from the Shanandoah South pilot project, which is a joint venture with Tamboran (B2). This paves the way for construction of a A$140m compression facility that Falcon does not have to fund. Sales should start in mid-2026. The share price increased 11.9% to 8.25p.
Transport security and information systems supplier Journeo (LON: JNEO) is diversifying into infrastructure protection through the acquisition of Crime and Fire Defence Systems for an initial £12.7m in cash and shares. Last year, the company made a pre-tax profit of £1.4m on revenues of £17.3m. Cavendish has upgraded its 2025 earnings forecast by 11% to 26.5p/share and the 2026 figure by one-fifth to 33.2p/share. The share price rose 5.73% to 442.5p.
FALLERS
Delays in bidding for new contracts has hit the full year figures for offshore energy market services provider Tekmar Group (LON: TGP). The improvement in the second half will not be as great as anticipated s sales move into the new year. EBITDA breakeven should be achieved, which is down on last year and the previous forecast of £1.6m. Net debt was £2.6m at the end of June 2025. The share price slipped 9.68% to 14p.
Fiinu (LON: BANK) is taking advantage of the share price rise since readmission last week to raise £1.41m at 15p/share. The initial payment of £8m for Poland-based foreign exchange brokerage Everfex was satisfied by the issue of 80 million shares at 10p each. A previous subscription generated £801,000 at 10p/share. Luxembourg fund QVP is the main investor in the placing. The share price fell back 8.96% to 15.75p.
Bricks manufacturer Michelmersh Brick (LON: MBH) has been held back by weak demand in the UK and Belgium, as well as an extended stoppage at one of its plants. Interim revenues were 1% ahead at £35.8m, but the pre-tax profit fell from £4.1m to £2.9m. Capital investment cut net cash to £1.5m. The interim dividend is maintained at 1.6p/share. Canaccord Genuity has cut its 2025 pre-tax profit expectations from £13.5m to £9.7m and made further cuts to forecasts for the next two years. Delays in building authorisations are delaying deliveries, but the demand will eventually come through. The share price decreased 8.3% to 89.5p.
West African gold producer Goldstone Resources (LON: GRL) says the latest gold pour at the Homas mine in Ghana produced 355.6 ounces of gold in the week beginning 18 August. This level of production could be maintained for the rest of the year. The share price declined 6.25% to 0.375p.