GenIP announces expansion of marketing activities after recent success

GenIP has announced the sponsorship of the AUTM 2025 Annual Meeting as the generative AI analytics company accelerates its marketing efforts.

GenIP floated in London in 2024 and has set its sights on improving research organisations’ technology transfer efforts through AI-enhanced commercialisation assessments.

The AUTM sponsorship marks an expansion of GenIP’s international marketing initiatives following successful partnerships at major innovation events in Brazil and Singapore.

These previous engagements have already yielded tangible results, with the company securing new orders through relationships forged at these forums.

The next event in GenIP’s schedule is the AUTM Annual Meeting, the world’s largest gathering of technology transfer professionals.

AUTM brings together over 3,000 members from over 800 institutions worldwide, including universities, research centres, hospitals, businesses and government organisations.

As a provider of generative AI services focused on innovation commercialisation, GenIP said it views this partnership as an opportunity to deepen its engagement with key decision-makers in both academic and industrial sectors.

“We are excited to be part of AUTM in 2025 and look forward to engaging with leaders in technology transfer,” said Melissa Cruz, CEO of GenIP.

“It’s an incredible opportunity to showcase how GenIP’s solutions are helping drive the commercialisation of groundbreaking technologies that have the potential to positively impact lives around the world.”

Share Tip: Gulf Marine Services – heavy dealings yesterday continue to highlight the undervalue of this energy sector specialist

Yesterday the shares of Gulf Marine Services (LON:GMS), one of the UK Investor Shares For 2025, rose impressively to 19.64p before closing at 19.30p, which is well above the 15.85p at which it was featured at the turn of the year. 
A couple of weeks later readers could have purchased GMS stock down at 14.70p, as the market was hit by US tech sector hassles. 
However, yesterday there was heavy trading in the group’s shares, with over 7m dealt, more than double the recently increased daily average volume. 
Recent Strength 
The recent strength of the energy sector services bus...

Bellway shares dip despite completions increasing amid challenging market conditions

Bellway has reported an 11.9% increase in housing completions for the six months ended 31 January 2025, delivering 4,577 homes compared to 4,092 in the same period last year.

The company’s latest trading update reveals robust performance across key metrics, with housing revenue climbing 12% to over £1.42 billion.

The average selling price showed modest growth at £310,600, up from £309,278 in the previous year, reflecting stable pricing conditions across the company’s regional markets.

Bellway has seen a significant improvement in its private reservation rate, which increased by 18.6% to 0.51 homes per outlet per week, including a contribution from bulk sales.

However, it appears the market was hoping for more, and Bellway shares fell in early trade on Tuesday.

Higher mortgage rates continue to dampen buyer demand, and Bellway noted the typical autumn seasonal uplift in reservations did not materialise. That said, trading remained stable throughout the first half, with the cancellation rate improving to 14% from 16% previously.

“Bellway has delivered a strong first half performance in challenging market conditions,” said Jason Honeyman, Group Chief Executive, Bellway.

“While mortgage interest rates have increased modestly since the autumn, customer demand has remained robust, and the Group has a healthy order book to support our targeted growth in volume output for the full year.

In terms of the outlook, Bellway has a healthy forward order book comprising 4,726 homes, valued at £1.311 billion – a significant increase from the 3,970 homes worth £1.012 billion recorded in the previous year.

The company has continued to invest in its future growth, securing 5,246 plots across 32 sites during the period, with a total contract value of £378.2 million.

The outlook for the full year remains positive, with Bellway confirming it is on track to deliver at least 8,500 homes, up from 7,654 in the previous year. The company expects to maintain its average selling price at around £310,000 and projects an improvement in its underlying operating margin to approach 11.0%.

Bellway said it maintains a cautious stance on the broader market outlook despite these encouraging figures. While the early weeks of the spring selling season have shown promising signs with increased customer enquiries and reservation rates, the company acknowledges that customer demand remains sensitive to mortgage affordability and the wider economic environment.

This sensitivity to interest rates and the macro picture has raised the bar of investor expectations when looking for signs of sustained recovery.

FTSE 100 shakes off Trump tariff threat

The FTSE 100 gained on Monday, shaking off any concern about the latest wave of tariffs from Trump 2.0, while BP helped support London’s leading index.

Trump tariffs were back in focus on Monday, with the President focusing on goods for which he’s long had a grievance. Trump has long voiced his concern about cheap steel imports and their impact on the US economy, so a 25% tariff on steel and aluminium didn’t come as a surprise to markets.

“Trump tariffs on steel and aluminium sold into the US is negative for markets on two levels,” explained Russ Mould, investment director at AJ Bell.  

“First, it suggests the new US president has only just got started with America’s budding protectionist trade policy. Second, it extends the affected countries beyond Canada, China and Mexico to places like Germany, Brazil, Japan and South Korea. 

“With the promise of further tariffs later this week, Trump’s actions threaten to cause considerable volatility on the markets over the coming days if there is a tit-for-tat response from affected countries.”

However, the threat of tariffs had little impact on equity markets on Monday with the FTSE 100 up over 0.5% at the time of writing.

“Markets are largely taking unfolding events in their stride. Stocks in China and Hong Kong were up overnight,” said Derren Nathan, head of equity research, Hargreaves Lansdown.

“Perhaps a mixture of trade restrictions not being as bad as they might have been and hope for further Chinese stimulus. Indices both sides of the Atlantic are still close to record highs, despite differing economic trajectories.”

BP was the FTSE 100’s top riser after Bloomberg reported that activist investor Elliot Investment Management had taken a significant stake in the oil major. BP shares surged over 6% on news the hedge fund would attempt to influence BP’s strategy with shares considerably undervalued compared to its peers.

“Tick tock, the window for Murray Auchincloss to convince the market he has a plan to revive BP’s fortunes just got shorter with reports that activist investor Elliott has joined the shareholder base,” Russ Mould said.

“BP has not just fallen behind the leading pack of US energy names but also the chasing pack which includes its closest peer Shell and other European names, both in terms of share price performance and valuation.”

BP was joined by other natural resource companies at the top of the FTSE 100 leaderboard in the hope that China would act to stimulate its economy and stave off any impact of Trump’s tariffs. This may prove to be wishful thinking, given recent measures by China have failed to sustain a rally in the miners.

Nonetheless, Fresnillo, Antofagasta and Endeavour Mining all rose more than 2%. Anglo American added 1%.

IAG was the top faller after Goldman Sachs cut its rating on the airline to ‘neutral’ from ‘buy’, which is understandable, considering IAG shares have more than doubled over the past year.

AIM movers: Another upgrade for Filtronic and Lord Ashcroft wants Gusbourne to leave AIM

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Following last week’s results from Filtronic (LON: FTC) when forecasts were maintained, Cavendish has upgraded due to another contract from SpaceX. The 2024-25 pre-tax profit estimate has been raised from £11.5m to £11.9m, while the 2025-26 figure has been edged up from £8m to £8.3m. This £16.8m order is part of the framework agreement to supply technology for the Starlink Low Earth Orbit satellite network. There had already been upgrades in December and January. The share price is 12.1% higher at 104p. The share price has risen by more than one-third during 2025.

Even though LungLife AI (LON: LLAI) has announced plans to leave AIM, depending on a shareholder vote, it has appointed Allenby as nominated adviser and joint broker. It is replacing Investec in those roles. Goodbody remains as joint broker. The share price recovered 12.5% to 0.225p.

Katoro Gold (LON: KAT) is raising £317,500 at 0.05p/share and another 38 million shares will be issued to pay fees. The par value of shares has to be reduced so that the shares can be issued at this price. Katoro Gold plans to acquire 31 Explore, which has mining claims in Ontario, Canada. The consideration is 375 million warrants exercisable at 0.1p each and 375 million warrants exercisable at 0.15p each. The mining claims include lithium bearing pegmatites and rare earth elements. Some of the cash will be invested in these assets, as well as in the White Pine uranium project in Ontario. Patrick Cullen will become full time chief executive. The share price improved 10.5% to 0.0525p.

Directa Plus (LON: DCTA) environmental subsidiary Sectar has won two new contracts. A €1.5m contract with Midia International is for tank cleaning and waste disposal. For an offshore drilling campaign in the Black Sea. The company’s graphene-based Grafysorber technology removes oil contaminates from water. Romania based Ford Otosan has awarded a sixth contract to Sectar worth €1.1m for waste management services. The share price rose 8.33% to 6.5p.

FALLERS

Lord Ashcroft is trying to remove another of his companies from AIM. A general meeting has been requisitioned at wine maker Gusbourne (LON: GUS), where he owns 66.8%. Talks with potential acquirers have ended and the strategic review has been terminated. This follows Lord Ashcroft’s success in getting Merit Group and Jaywing to leave AIM. The share price dived 39.5% to 23p.

After the market closed on Friday, Nativo Resources (LON: NTVO) announced a share consolidation of 1,500 existing shares into one new share. The board believes this will help to make the share price less volatile. The share price dipped 17.7% to 0.0014p.

Semiconductor designer EnSilica (LON: ENSI) generated revenues of £9.3m in the first half, which was lower than anticipated. The pre-tax loss increased from £309,000 to £1.4m. That means that the second half revenues will have to be much stronger than expected. Allenby is sticking with its full year forecast pre-tax profit of £2m. This is based on a recovery in consultancy income and continued growth in supply revenues. Net cash is £2.8m. The share price slipped 11.2% to 43.5p.

EnergyPathways (LON: EPP) and its partners have progressed with the front-end engineering and design for the Marram Energy Storage Hub. It is still on course for a final investment decision by the end of 2025. The share price fell 7.64% to 6.65p.

Haydale Graphene (LON: HAYD) has placed its US subsidiary in Chapter 11 bankruptcy protection. This is a prelude to an attempt to sell the assets and claw back some of the intercompany debt of £12.8m – after paying other liabilities. It will also reduce the cash outflow. This leaves the company focused on UK nanomaterials operations. The share price declined 2.17% to 0.1125p.

Share Tip: GlobalData – this group could shortly be moving from AIM up to the Main Market, which will bring in a new wave of investors

This business intelligence group is shortly to move from AIM up to the Main Market. 
That progression for GlobalData (LON:DATA) could well mark an important stage in the group’s growth, while at the same time focus new investor attention to its attributes, which in turn should improve its rating. 
The process could take up to three months from now, but in the meantime the group will be declaring its 2024 Finals on Monday 10th March, when we could expect to hear news of the switch. 
The Business 
Capitalised at £1.6bn, this London-based group is a leading data, analytics, in...

BP shares storm higher after activist investor builds stake

BP shares jumped on Monday following Bloomberg reports that activist investor Elliot Investment Management had built a stake in the oil major and intends to pressure BP’s management to rethink their approach.

The specific stake hasn’t been revealed, but it is said to be significant. BP shares were over 6% higher at the time of writing.

Elliot Investment Management is one of the world’s largest activist investors and regularly takes stakes in companies with a view of shaking up their strategy. Elsewhere in the UK, the hedge fund built stakes in Anglo American and the Scottish Mortgage Investment Trust last year.

BP is an easy target. Its shares are down heavily over the past year, and it trades at a discount to its peers in the US and even many in Europe.

The company has flip-flopped on its green energy transition strategy, leaving investors questioning where BP sees itself going over the coming years.

That said, it pays a robust dividend, making it an attractive target for an activist investor to deploy capital and work away at shaping its future.

Reports of Elliot’s stake come shortly before a BP investor day in late February when CEO Murray Auchincloss will outline the company’s plans.

Hargeaves Lansdown clients pile into gilts in January

Hargreaves Lansdown has reported a significant surge in gilt trading activity among its clients during January 2025, with both trading volumes and values reaching their highest levels since 2021.

The firm saw a 75% increase in gilt trading compared to January 2024, while trading activity nearly doubled compared to December 2024.

According to Hal Cook, Senior Investment Analyst at Hargreaves Lansdown, the spike in gilt yields during January 2025 presented an attractive opportunity for HL’s clients to lock in yields amid wider economic uncertainties.

Retail investors piling into gilts isn’t necessarily a signal interest rates have peaked, but it does provide interesting insight into investor positioning in the current macroeconomic backdrop.

“Gilt yields spiked higher in January, continuing a trend from September last year. The peak in yields on 13 January saw the 2 and 10-year yields hit around 4.6% and 4.9% respectively,” explained Hal Cook, senior investment analyst, Hargreaves Lansdown.

“Yields globally had increased due to a number of factors, not least the unknown impact of Trump’s policies, but also linked to the affordability of government debt. The two yields have since come back down to around 4.18% and 4.48% respectively. So, anyone who managed to time their purchases around the peak in yields (and trough in prices – prices and yields move in opposite directions) are already sat on a nice little profit. “

“Another potential factor was a specific gilt that matured on 31 January. This had been popular amongst retail clients as it had a low coupon (interest rate), which meant the majority of recent returns from it had come in the form of a capital gain (rise in price). Gilts owned directly are not subject to capital gains tax, and so this specific gilt had effectively offered most of its return tax free. With investors aware that the gilt was going to mature very soon, it’s likely many sold ahead of the maturity and reinvested in other gilts, given the spike in yields.”

Filtronic shares surge to 52-week highs after annoucing another SpaceX contract

Filtronic plc, the British designer and manufacturer of high-tech products for aerospace, defence, space and telecommunications infrastructure, has secured a major contract in their strategic partnership with Elon Musk’s SpaceX worth £16.8m ($20.9m).

Filtronic shares jumped 15% to trade above 100p in early trade, meaning the UK tech stock’s shares have more than tripled since 52-week lows in April last year.

The contract, which will be delivered over the next two financial years, marks another significant win for the AIM-listed company. Filtronic’s board of directors has indicated that this new agreement will push the firm’s performance above current market forecasts for both revenue and profit through 2025 and 2026.

This latest deal further strengthens Filtronic’s position in the growing commercial space sector, adding to its portfolio of contracts in the aerospace and defence markets.

The company has won a series of contracts from SpaceX, helping Filtronic’s revenues jump to £25.6m in their first half period.

“We are delighted to have secured this substantial order, which underscores Filtronic’s reputation for delivering high-performance RF solutions to our market leading customer,” said Nat Edington, Chief Executive Officer of Filtronic.

“This contract, alongside our growing momentum in strategic markets, provides us with increased confidence in our ability to exceed our growth targets for FY2025 and FY2026”.

New AIM admission: RC Fornax set to continue rapid growth record

RC Fornax has made good progress since it was set up in 2020 and the outlook for defence spending means that there are strong prospects for the business. Annual UK defence spending is £54bn and increasing. There are also opportunities outside of the UK.
Revenues and margins are improving, and the company has gained 22 mandates so far in this financial year. Interim revenues of £3.8m are expected and £3m of that has already been invoiced. There could be at least £5.8m generated in the second half.
There were 159,000 shares traded on the first day and the share price ended at 34.5p. By the end o...