Tekcaptial portfolio company Guident has announced the appointment of Michael Tessler to its Board of Directors ahead of the AV safety company’s proposed NASDAQ IPO.

In a clear sign of intent, Guident has bolstered its leadership team with US tech titan Michael Tessler, who brings deep experience scaling listed technology businesses and achieving a billion-dollar takeover.

Michael Tessler founded BroadSoft before growing the company to a technology and communications giant with 2,000 employees serving customers in more than 80 countries.

BroadSoft was acquired by Cisco for $1.9bn in 2018.

Tessler brings this expertise to Guident as the company prepares for a proposed NASDAQ IPO at a time of accelerating adoption and deployment of autonomous vehicles.

“I am excited to join Guident’s Board at such a transformative time for the AV industry. Guident’s groundbreaking technology has the potential to redefine safety and reliability in autonomous transportation. I look forward to working with the Board and management team to help guide the company’s strategic direction and growth,” Michael Tessler said.

Guident provides safety technology for a range of autonomous vehicles, including buses, shuttles and surveillance robots. Tessler’s appointment will support the rollout of Guident’s technology to additional customers and add a heavyweight to the board ahead of a major milestone in Guident’s growth story.

“We are honoured to welcome Michael Tessler to Guident’s Board of Directors,” said Harald Braun, Chairman and CEO of Guident.

“Michael’s established track record in building high-growth technology companies and his visionary leadership will be pivotal as we continue to expand our solutions for safe and reliable remote monitoring and teleoperation of autonomous vehicles.”

Applied Nutrition shares rose on Tuesday after the group announced revenues would be ahead of guidance provided at the time of its IPO.

The firm achieved revenue growth of approximately 24% year-on-year for the financial year ending 31 July 2025 with revenues of around £107 million, up from £86 million in the previous year.

The results exceeded market expectations, driven by strong second-half trading of approximately £60 million. Adjusted EBITDA also grew by around 19% year-on-year, whilst net cash reached approximately £18.5 million, ahead of forecasts.

There’s more good news for investors. Applied Nutrition has not only smashed expectations for the last year, but it also expects 2026 revenue to surpass current market expectations.

Shares in the sports nutrition group were 9% higher at the time of writing.

The group said it would continue to focus on its core strengths, including its B2B-focused business model and industry-leading product development capabilities.

Applied Nutrition will release its full-year results on or around 10 November 2025.

“We are proud to report that we have exceeded the guidance we gave at our IPO, with our first full-year results expected to come in ahead of market expectations,” said Thomas Ryder, CEO of Applied Nutrition.

“Our focus and ambition remain as strong as ever – in delivering for our shareholders, customers and team – and we are excited about the opportunities we have in the pipeline for the year ahead.”

Power Metal Resources has inked an agreement to sell its remaining stake in Guardian Metal Resources for £13.6 million in cash.

The London-listed exploration company sold its stake to an investment fund managed by Duquesne Family Office LLC to wrap up the realisation of Guardian Metals for a whopping 11.6x return.

The sale represents a significant cash injection for Power Metal Resource, which will use the cash to further develop the rest of its early-stage mining portfolio.

“I am very pleased to be able to announce that we have agreed terms to exit our position in GMET after what has been an enormously successful investment for Power Metal, and one that has generated very considerable shareholder value,” said Sean Wade, Chief Executive Officer of Power Metal Resources.

Our original investment in GMET was £1,935,275. Over the course of two disposals, we will have realised £22,809,988 before costs, a return of 11.8 times.

It represents a strong validation of our incubator model and gives us considerable firepower now to pursue other opportunities, a number of which have presented themselves to us in recent weeks.

I look forward to further updating shareholders, as appropriate, on the destination of some of these funds as we continue to build on our proven and successful business model.”

Power Metal shares were 8% higher in early trade on Tuesday, valuing the company at just £17m despite now having an additional £13m cash in the bank.

The FTSE 100 was on the back foot on Monday as investors erred on the side of caution ahead of a busy week for geopolitics and US monetary policy.

London’s leading index was down just 10 points at the time of writing, reflecting mild profit-taking as opposed to outright risk aversion.

After Trump’s meeting with Putin yielded nothing more than a photo op and footage of US stealth bombers flying over Putin’s head, attention has shifted to Trump’s meeting with the Ukrainian leader and European partners this evening.

Again, this isn’t expected to produce any meaningful market-moving news, but the unpredictability of Donald Trump is reason enough to be cautious.

Perhaps the foremost factor pulling the FTSE 100 into minor negative territory on Monday is the upcoming Jackson Hole Symposium and potential for Jerome Powell to be slightly more hawkish in his interest rates commentary than the market would like.

“Investors are…waiting for the upcoming Jackson Hole central banker meeting, for clues about the direction of interest rates in the United States, with expectations that recent data will pave the way for more cuts,” said Susannah Streeter, head of money and markets, Hargreaves Lansdown.

“Despite the fierce criticism he’s had to shoulder from President Trump, Fed chair Jerome Powell is not expected to set a firm path for rate reductions.”

Cyclical sectors fell on Monday, with miners and financials leading the way lower.

Centrica was the FTSE 100’s top faller as traders sold the stock after it failed to breach technical resistance at the 170p mark for the fourth time since the beginning of June.

Defence shares, Babcock and BAE Systems, were among the top risers on hopes of reiterated commitment to boosting defence spending by European countries.

Babcock was the top riser with a gain of 4% after equity analysts at RBC gave the stock a 1,200p price target.

Pantheon Resources shares rose on Monday after the Alaska-focused oil and gas explorer released highly encouraging drill results from its North Alaskan Ahpun field.

The company said it has struck success with its Dubhe-1 appraisal well, discovering a hydrocarbon column significantly thicker than anticipated.

Pantheon Resources shares jumped over 15% as the firm revealed the primary target reservoir delivered 565 feet of hydrocarbon-bearing rock, 26% above pre-drill estimates of 450 feet.

The well, drilled to 12,833 feet, also uncovered additional oil and gas zones in previously unexplored horizons. These include the SMD-C formation and two Slope Fan systems, none of which were factored into Pantheon’s existing resource estimates of 282 million barrels and 804 billion cubic feet.

Beyond the primary discovery, the company identified hydrocarbon zones spanning 2,143 feet of total drilling depth across multiple formations. A 90-foot core sample achieved 100% recovery, providing crucial data for reservoir analysis.

Pantheon is now preparing to drill a horizontal sidetrack within the 565-foot thick primary reservoir to test production rates. The lateral drilling is set to begin within days, followed by hydraulic fracturing operations expected to be finalised over the next two months.

The company will present detailed findings at a September 9 webinar, including preliminary assessments of the newly discovered resources that could significantly expand development opportunities at the Ahpun field.

“We are delighted to announce the Dubhe-1 pilot hole results as a success. The well confirms the presence and quality of the oil and gas reservoirs in the Ahpun field, exceeding our pre-drill expectations,” said Erich Krumanocker, Chief Development Officer.

“We are now transitioning toward field development planning in support of capital efficient commercial production. The upside presented by the SMD-C and Slope Fan zones highlights the enormous potential in our portfolio.”