Nebius Group has secured an AI infrastructure supply agreement with Meta worth up to $27 billion over five years, marking one of the largest cloud computing contracts announced this year.

Under the deal, Nebius will provide $12 billion of dedicated computing capacity across multiple locations, built on one of the first large-scale deployments of Nvidia’s Vera Rubin platform. Delivery is expected to begin in early 2027.

“We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business. We will continue to deliver,” said Arkady Volozh, founder and CEO of Nebius.

Meta has also committed to purchasing up to $15 billion of additional compute capacity across forthcoming Nebius clusters over the same period. Nebius will offer that capacity to third-party customers of its AI cloud business first, with Meta taking up any remainder.

Nebius, included among UK Investor Magazine’s Top 20 Stock Picks for 2026, looks to be establishing itself as the leading ‘Neocloud’ firm with a swathe of high-profile agreements.

The deal with Meta comes just days after Nvidia announced a $2 billion strategic investment in Nebius, granting the company early access to its latest chip architectures, including the Vera Rubin platform, now central to the Meta contract. That partnership is designed to help Nebius scale to more than five gigawatts of capacity by the end of the decade.

Together, the two deals position Nebius as an increasingly significant player in the race to build out hyperscale AI infrastructure, with backing from both the leading chipmaker, Nvidia, and one of the world’s biggest consumers of AI compute, Meta, who has signalled further capex spend on infrastructure this year.

Tekcapital portfolio company Guident has taken one step closer towards its IPO with an updated S-1 filing with the SEC.

There still isn’t a firm date for the autonomous vehicle company’s NASDAQ listing, but the updated filing suggests the wheels are in motion.

Many NASDAQ IPO have been delayed in recent months due to the prolonged government shutdown and market conditions. It appears that Guident has been one of the companies affected.

The updated S-1 included Guident’s 2025 results, which showed that although the company is still in the early stage of commercialisation, it is making progress in revenue generation through partnerships with Michigan State University and deployments in Boca Raton and West Palm Beach.

WPTV recently reported that Boca Raton is expanding its deployment of the Guident autonomous shuttles after enjoying strong use.

Most other details in the S-1 remain unchanged, suggesting the filing was a fine-tuning exercise before the IPO moves forward.

The pricing range remains the same, with a mid-price of $4.50, implying Tekcapital’s stake could be worth around $26m when GDNT starts trading on NASDAQ.

This is worth more than Tekcapital’s entire market cap of £18m. Tekcapital’s other major holding is in MicroSalt, which is worth around £17m. It also has stakes in GenIP and US-listed Innovative Eyewear.

The FTSE 100 was higher on Monday, with oil companies providing support for the index as Brent Crude traded above the $100 mark

London’s leading index was 0.4% higher at 10,310 at the time of writing.

“The FTSE 100 ticked higher at the start of the week as its material weighting towards energy continued to offer some ballast during the Iran conflict,” says AJ Bell investment director Russ Mould.

“Oil prices were higher again and Asian markets were lower as fighting in the Middle East rumbles on. By the time markets opened in Europe, oil was a little off its highs for the session. Over the weekend, Iran’s foreign minister Abbas Araghchi said the strategically important Strait of Hormuz was only closed to the US, Israel and its allies.”

It is probably too early to call a bottom, but the FTSE 100 is showing signs of building a base around the 10,250 level, having found support there a couple of times in recent trading sessions. Perceptions of how damaging any response by central banks to manage inflation will likely dictate whether this level holds.

The majority of FTSE 100 shares were higher at the time of writing, led by SEGRO, which reacted well to news that it has reached an agreement for a new data centre in the South East of England.

The UK’s public markets lack ‘AI enablers,’ and although SEGRO is just providing the facility to host the data centre, it does offer interesting exposure to the rapidly growing AI industry.

Andrew Pilsworth, Managing Director of Data Centres and Strategic Partnerships at SEGRO, said that the update allowed SEGRO to “demonstrate further progress in our strategy to execute on the 2.5GW+ opportunity in our powered land bank.

“The critical mass of data centres we have built up at Slough over the last 20 years, together with the Simplified Planning Zone status we have secured there were integral to enabling us to work with an existing customer to expand its campus, while allowing SEGRO to profitably utilise a relatively small 3.5 acre plot.”

SEGRO shares were 2.6% higher at the time of writing.

CRH

The mild optimism in London’s market on Monday was dealt a blow from the news that CRH would cancel its London listing and add to the growing list of companies that are leaving the UK’s markets.

“Having already shifted its primary listing to the US, building materials specialist CRH is to now turn its back completely on London,” Russ Mould said.

“The development, though not seismic, is another sign of London’s diminished status in the roster of global markets. Companies who switch their main listing to the US often pledge to keep a presence in London, but CRH’s actions suggest that is no longer a given.”

Wishbone Gold has reported results from its 2025 drilling campaign at the Red Setter project in Western Australia’s Paterson Province, confirming gold and copper mineralisation along a roughly 4km stretch of the Red Setter diorite trend.

The project sits alongside world-class gold assets, just 20km south-west of Greatland Gold’s Telfer mine and 50km east of Cyprium Metals’ Nifty copper operation.

But results from the ongoing drill programme haven’t yet proved that Red Setter is in the same tier as its neighbours, and shares sank over 20% in early trade on Monday.

The 2025 programme comprised seven holes, five targeting the main diorite trend and two testing a geophysical target identified through Mobile Magnetotelluric surveys.

Several holes returned notable intercepts, including 8.36m at 1.09 g/t gold and 0.05% copper from 305m in hole 25RSDD003, with a higher-grade core of 6.13m at 1.47 g/t gold. Elsewhere, hole 25RSRC002 hit 2m at 2.3% copper from 185m, while 25RSDD006 returned 5.76m at 0.66 g/t gold and 0.4% copper from 149m.

These results follow earlier drilling that produced hits such as 7m at 2 g/t gold and 0.38% copper, and spot assays as high as 6.48 g/t gold.

Crucially, the vast majority of the 4km trend remains untested.

On the back of these results, Wishbone has designed a fully funded 25-hole programme totalling around 9,000m for 2026, aimed at testing extensions to the known mineralisation and improving the understanding of structural controls along the trend.

The company expects to mobilise drilling crews once the wet season ends in April.

“Red Setter continues to demonstrate the hallmarks of a significant gold-copper system. With approximately 4 kilometres of prospective strike yet to be systematically drilled, we believe the project has the potential to host a substantial mineralised system.

“The planned 9,000 metre drilling programme in 2026 will be the largest undertaken at Red Setter to date and is designed to rapidly advance our understanding of the scale and continuity of the mineralisation.”

SEGRO has taken steps forward in its 2.5GW-plus data centre programme, signing a new powered shell pre-let at its Slough Trading Estate and securing planning committee approval for a fully fitted facility in West London.

The Slough deal will see SEGRO develop a 30,000 sq m powered shell data centre for an existing customer at Europe’s largest data centre hub. The building will span three floors of data halls plus a rooftop plant deck, with 50MVA of power available when fully operational.

Planning is already in place through the estate’s Simplified Planning Zone, and SEGRO is targeting a BREEAM ‘Excellent’ rating.

Separately, the company’s joint venture with Pure Data Centres Group at SEGRO Premier Park in Park Royal has cleared the planning committee. The fully fitted facility will draw on 70MVA of incoming power and feature closed-loop liquid cooling to cut water consumption.

The two developments underline SEGRO’s growing push beyond its traditional warehouse and industrial roots into the booming data centre market, where demand for powered space across the UK continues to outstrip supply.

“These two announcements demonstrate further progress in our strategy to execute on the 2.5GW+ opportunity in our powered land bank,” said Andrew Pilsworth, Managing Director of Data Centres and Strategic Partnerships at SEGRO.

“The critical mass of data centres we have built up at Slough over the last 20 years, together with the Simplified Planning Zone status we have secured there were integral to enabling us to work with an existing customer to expand its campus, while allowing SEGRO to profitably utilise a relatively small 3.5 acre plot. Securing planning committee approval at Premier Park is also an important milestone for both our Pure JV at the site and, more broadly, in the evolution of SEGRO’s fully fitted data centre development strategy.”

Majestic Corporation is nearing the launch of a catalytic converter marketplace app as it looks to broaden its digital footprint and deepen relationships within the metals and e-waste recycling industry.

Urban miner Majestic said it is in the final stages of developing a beta version of a mobile app that allows suppliers and buyers to identify catalytic converters and estimate their current market value.

The catalytic converter recycling industry is estimated to be worth $17 billion a year, according to market research firm MRU.

Majestic’s app, which will be available globally for a $10-per-month subscription, is expected to enter beta by the end of April 2026.

“We are delighted to share this update as we approach the launch of our catalytic converter marketplace app,” said Peter Lai, Founder, CEO and Chairman of Majestic.

“This platform represents a meaningful step forward for the Company, bringing greater transparency and accessibility to a core category of our organisation.

“By empowering both industry professionals and everyday users to confidently identify and value catalytic converters, we are strengthening our position in the circular economy while opening new channels for engagement and revenue generation.”

Majestic Corporation recycles a wide range of e-waste, including catalytic converters, circuit boards, mobile phones, and renewable energy products, and has seen revenues grow from $29m in 2023 to $49m in 2024.

For the six months to June 2025, Majestic posted a 22% increase in gross profit margin to 8.56%, up from 7.02% in the prior-year period, as the company focused on precious metals amid rising prices.

88 Energy (LON: 88E) says the sale of shares acquired through the small holding sale facility for holdings of fewer than $500 in value. There were 46.1 million shares sold. It also published a new corporate presentation on its website. The share price jumped 67.4% to 1.8p.

IT company CloudCoCo (LON: CLCO) announced it is raising £275,000 – the chairman Simon Duckworth is investing £210,000 – at 0.12p/share. A capital reorganisation is required before new shares can be issued for less than 1p each. The cash will fund Project Brightstar, which will enhance the company’s position in the B2B market. Target revenues are £10m, compared with £8m in the year to September 2025. The share price gained 60.9% to 0.185p.

Catenai (LON: CTAI) has invested a further £250,000 in AI technology developer Alludium, increasing its stake from 13% to 16.1%. Investee company Klarian is due to repay £699,000 in loans and fees on 25 April 2026. Catenai has not bought any Bitcoin yet despite having a Bitcoin treasury policy. The share price increased 45.2% to 0.305p.

T42 IoT Tracking Solutions (LON: TRAC) increased full year revenues from $4.16m to $6.1m and gross margins improved. This enabled a move from an operating loss of $900,000 to a profit of $400,000. Interest charges are likely to lead to a pre-tax loss, though. Momentum is set to continue. The share price improved 44.4% to 2.6p.

FALLERS

Agricultural and fire protection technology supplier Light Science Technologies (LON: LST) is acquiring Injectaclad for up to £4.8m, as well as paying £600,000 for the 10% minority shareholding in UK Circuits and Electronics Solutions and a related property, which can also be used for the fire protection division. Injectaclad has developed a remedial cavity fire barrier for properties and Light Science Technologies has a subsidiary that installs this product. The deal could help to improve margins by streamlining the supply chain. This fire protection division is providing revenues, while the agricultural lighting business is steadily being built up. Light Science Technologies could break even this year. A placing has raised £6m at 1p/share and a retail offer could raise up to £600,000 more. The retail offer closes on 16 March. The share price dived 65.7% to 1.15p.

There was profit-taking in Galantas Gold (LON: GAL) following the previous week’s share price jump and there was a decline of 38.7% to 38p.

Focus Explore (LON: FOX) has raised £75,000 through a convertible loan note fundraising. Antony Legge, David Russell and Neil Slade are joining the board. David Russell will be an executive director. The share price is one-third lower at 0.02p.

Celsius Resources (LON: CLA) had a cash outflow of $2.14m in the six months to December 2025. A further $9m was spent on exploration and investment. Cash was $2.16m at the end of 2025 and there are $3m of assets held for sale. The share price fell 29.3% to 0.725p.

Anglesey Mining (LON: AYM) has raised £680,000 at 6p/share, following the completion a £4m debt settlement agreement with Energold. There is £250,000 earmarked for dewatering of an existing shaft, £50,000 for analysis of samples and £100,000 for ongoing exploration. The share price slipped 26.7% to 5.5p.