Harworth (HWG): Revised 177.5p offer rejected as data-centre contract targeted
Harworth rejected Peel Bidco’s revised cash offer of 177.5 pence per share, which followed its conversion into a mandatory Rule 9 offer after its holding reached 30.00% on 17 September 2026. The board said the offer significantly undervalued the company and its prospects. Harworth is targeting exchange of a conditional contract for Site 2 during Q4 2026, with completion and cash proceeds by the end of December 2028.
Softcat (SCT): Agrees $1bn acquisition and raises profit growth guidance
Softcat agreed to acquire GDT Topco for an enterprise value of $1,050m (£785m). The company said the acquisition was expected to deliver high single-digit to low double-digit underlying EPS accretion in the first full fiscal year, with modest financial leverage. It raised full-year underlying operating profit growth guidance to high-teens from mid-teens previously, with gross profit growth moderately above this. Softcat also raised approximately £354m through a placing and retail offer at 1,890 pence per share to part-fund the acquisition. Excluding GDT, the board expects high single-digit underlying operating profit growth in FY2027.
RC Fornax (RCFX): Selected for £4m government contract, but outlook trimmed
RC Fornax was selected for a new UK Government contract initially worth £4.0 million through the Public Sector Resourcing framework, subject to completion of the client’s procurement process and receipt of a formal purchase order. The company said it entered FY27 with approximately £8.4 million of secured, anticipated and selected revenue. FY26 revenue was expected to be approximately £5.2 million, with an anticipated operating loss of £1.6 million. Further contract delays meant performance was expected to be marginally below current market expectations.
Mothercare (MTC): Middle Eastern franchise partner expects most stores to close in 2027
Mothercare said its leading Middle Eastern franchise partner expects the substantial majority of its franchised stores in the territory to close in 2027, following a review notified on 17 September. The company said this would materially reduce its FY28 order book, revenues, profits and cash flows. It had sufficient resources to trade for a number of months and began a strategic review of its business model and cost base. The outcome and longer-term solvency remained highly uncertain.
Nativo Resources (NTVO): US$3.5m project finance agreed, with plant commissioning expected in Q2 2027
Nativo Resources said it secured US$3.5m of project finance, to be drawn in seven monthly instalments, with the first due by 31 December 2026, conditional on further definitive documentation. The company also agreed a £600,000 equity subscription in two tranches. In return for the finance, it will grant Chancery a 6% gross revenue share on gold produced at La Patona until 3,034 troy ounces have been received, followed by 1.5% for the remaining life of the project. The plant is now expected to be commissioned in Q2 2027.
Huddled (HUD): Launches live commerce operation with weekly revenue of circa £100,000
Huddled launched its live commerce operation, with weekly revenue growing to circa £100,000. The company reported strong repeat visits and purchasing patterns, high viewer dwell time and active chat participation, and growing communities around presenters and product drops. The board was encouraged by the early progress and said Huddled intended to expand its live commerce footprint over the coming weeks.
Investec (INVP): Core loans increased to £37.0bn as first-half earnings rose
Investec said core loans in Specialist Banking increased 6.3% annually in neutral currency and 10.3% in reported currency to £37.0 billion in the five months ended 31 August 2026. For the six months ending 30 September, the group expects adjusted earnings per share of 41.7p to 43.3p, up 3% to 7% on the prior period, and pre-provision adjusted operating profit of £531.4 million to £548.4 million, up 1% to 4%. The group is expected to deliver results in line with guidance provided in May 2026.
GenIP (TEK): Vesari appoints adviser for planned SPAC combination
GenIP said its portfolio company Vesari engaged ARC Group International as capital markets adviser for a contemplated business combination with an unidentified special purpose acquisition company and related financing. Vesari’s patent portfolio was independently valued at US$293m as of 30 June 2026. The company plans to bid for exclusive lease rights to one or more Great Basin properties from the U.S. Bureau of Land Management in the fourth quarter of 2026.
Redcentric (RCN): Data-centres sale completed for £124.90 million
Redcentric completed the sale of Redcentric Data Centres to Stellanor Datacenters Group, with final cash consideration agreed at £124.90 million.
Satsuma Technology (SATS): Reported £76.9 million loss before tax
Satsuma Technology reported a £76.9 million loss before taxation. Shareholders voted in July 2026 to return capital and cancel the company’s listing, and the Court approved the return on 8 September, with payments expected to be complete by 28 September.
Burford Capital (BUR): Closed $300m debt issuance to fund early debt repayment
Burford Capital closed a $300 million debt issuance and will use the proceeds with $100 million of cash on hand to retire its April 2028 maturity in full next week. The company said the actions would reduce total debt outstanding by $100 million.
Oriole Resources (ORR): Muratdere royalty sold for US$1.2 million
Oriole Resources agreed to sell its 1.2% Muratdere royalty in Turkey to Ardent Metals for US$1.2 million. The company received US$400,000 and transferred the royalty, with two further US$400,000 instalments due by 19 March and 19 September 2027.
Defence (ALRT): Secures second UK Government customer contract
Defence Holdings secured its second customer contract with the UK Government, comprising an initial six-month pilot. Delivery will commence immediately, with the company working directly with customer stakeholders throughout the pilot. It did not disclose the requirements, application or commercial value.
Tertiary Minerals (TYM): 52m silver-copper-zinc intersection reported at Mushima North
Tertiary Minerals reported 52m at 99g/t silver, 0.41% copper and 0.43% zinc from 39m downhole at Mushima North in Zambia. The company also reported a new shallow copper discovery in the Western Zone.
Bluebird Mining Ventures (BMV): £197,200 debt converted into new shares
Bluebird Mining Ventures agreed to convert £197,200 owed to Skylake Management into 328,666,667 new ordinary shares at 0.060 pence each, subject to admission. The company also said 203,635,601 contractor shares were expected to be issued on 25 September 2026.
Cadence Minerals (KDNC): Open offer to raise up to £0.45 million
Cadence Minerals said a separate WRAP retail offer was expected to open for up to £0.45 million at 4.5 pence per share for eligible existing UK shareholders. The next milestone was hot commissioning at 25%–50% of plant capacity, subject to preceding tests and regulatory requirements.
Savannah Resources (SAV): Interims highlight grant and DFS progress
Savannah Resources' results statement noted previously announced Portuguese State grant for up to €110m, including €82.25m for initial development capital expenditure, and, the completion of its Phase 1 Definitive Feasibility Study and estimated its first JORC Probable Ore Reserve at 20.0Mt.
Ecofin U S Renewables Infrastructure Trust (RNEP): Reported US$12.5m first-half loss
Ecofin U S Renewables Infrastructure Trust reported a combined loss after tax of US$12.5 million for the six months ended 30 June 2026. The company said negotiations had begun to extend the power purchase agreements, with no certainty of outcome.
Boohoo (DEBS): Chair reappointed as two independent directors join board
Boohoo said Iain McDonald was reappointed as non-executive chair, while Tim Morris stepped down from the board and chair role, all with immediate effect. Michael Stewart and Stephen Rothwell joined as independent non-executive directors.
Galileo Resources (GLR): Conditions met for US$3m Kalahari licence sale
Galileo Resources said all conditions were met for its US$3 million sale of two Kalahari Copper Belt licences to Sandfire’s group, with completion anticipated around 30 September 2026.
Shuka Minerals (SKA): Remaining £163,334 loan assigned for conversion
Shuka Minerals agreed to assign the remaining £163,334.10 convertible loan, enabling conversion into up to 4,083,352 new shares at 4 pence each.
Liontrust Asset Management (LIO): Greenwood appointed senior independent director
Liontrust appointed Miriam Greenwood as Senior Independent Director and Mandy Donald as Chair of the Sustainability Committee, both with immediate effect.
