Ten Entertainment Group PLC (LSE:TEG) has scored a success with its latest update.
The bowling centre firm said it expected its full year performance to be ahead of current expectations, following a 52.6% rise in half year sales to the end of June compared to 2019.
In the six weeks since May 16, sales grew 19.5% compared the reopening weeks in 2021.
It said record-breaking sales performances during the February half-term; the Easter break; and the May Jubilee bank holiday all contributed to an unprecedented level of sales growth.
Chief executive Graham Blackwell said: "Despite challenging times ahead, we have a model that has broad appeal. We offer a place to eat, drink and play for families and friends to enjoy. We provide something for everyone and are committed to keeping the price of our family entertainment centres affordable."
The company's shares have climbed 4.94% to 223p.
2.42pm: Getech flies high after contract wins
Getech Group PLC (AIM:GTC) has seen its shares inflate after the geoenergy and green hydrogen company won US$2.15mln worth of new contracts.
These include geoscience data sales and product renewals and extensions for the group's Globe knowledge base, which models the earth's evolution over the last 400 million years.
The transactions include a US$0.9 mln multi-product sale to a global critical minerals company, its largest contract to date in the critical minerals sector.
More than half of the new sales are expected to translate to revenue in 2022. This places Getech on track with market expectations for double digit annual revenue growth
Chief executive Dr Jonathan Copus said: "While companies and governments continue to expand their investment in new sources of energy and minerals, today's new sales announcement - and the record size of Getech's orderbook - provide further evidence of how demand for our products continues to grow in our target markets of transitional petroleum, critical minerals, storage, geothermal and hydrogen...
"Getech's products and our ambition to establish at least 500MW of geoenergy and green hydrogen assets by 2030, place us at the heart of the energy transition and are part of the solution to the world's energy security challenge. This positions Getech well to deliver a step change in shareholder value."
Getech shares are up 13.33% at 21.25p.
12.34pm: Surface Transforms (AIM:SCE) moves ahead after positive update
Surface Transforms (AIM:SCE) has accelerated after the ceramic materials specialist repeated its belief it will move into profit this year.
It said first half revenues more than doubled from £1.2mln to £2.9mln, reflecting deliveries on the Aston Martin Valkyrie project as well as a catch up on customer arrears reported at the end of 2021.
In March the company announced a new £100mln contract with a key car customer (dubbed OEM 8) replacing an existing deal worth £27mln.
Supply issues caused a small delay to start of production for this customer, but deliveries are now set to commence in July and production schedules and run rates will now continue in line with management expectations.
It said: "The commencement of OEM 8 full monthly volumes will bring Surface Transforms (AIM:SCE) into profitability for the financial year ending 31 December 2022.
"The small delay in OEM 8 start of production is offset by higher than forecast development revenues with other customers."
Surface Transforms (AIM:SCE)' shares are up 8.05% at 47p.
11.35am: Attraqt fails to attract after update
Shares in Attraqt Group PLC (LSE:ATQT) are not proving attractive after its latest update.
The e-commerce specialist said first half revenues had risen 8% to around £12.1mln, in line with management expectations.
But it warned of a slowdown in business.
It said: "Alongside well-publicised macro-economic conditions, we expect the deteriorating outlook for consumer facing businesses to delay some customer decisions and as flagged in the full year results update, for lead times on enterprise sales to lengthen."
The news has sent its shares 10% lower to 22.5p.
10.29am: Alba Mineral Resources moves higher
Alba Mineral Resources PLC (AIM:ALBA) has been lifted by a positive update from GreenRoc Mining PLC (AIM:GROC), where it owns a 54% stake.
GreenRoc said it planned a field work programme in the third quarter at the Thule Black Sands Ilmenite project in north-west Greenland, with the objective of fast-tracking the project to mine development.
It also confirmed that a Phase 2 drilling campaign had started at the Amitsoq Graphite Project in southern Greenland, one of the highest-grade graphite deposits in the world.
The news has seen Alba add 18.93% to 0.17p.
GreenRock itself has not been so lucky, falling 1.9% to 5.15p.
9.18am: Just Eat jumps after signing US deal with Amazon
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has seen its shares jump after announcing a deal with Amazon in the US.
Its Grubhub subsidiary - which is up for sale at the moment - will offer a free one year Grubhub+ membership to Amazon Prime customers, with unlimited free delivery as well as perks and rewards.
The agreement is expected to boost Grubhub+ membership while having a neutral impact on Grubhub's 2022 earnings and cash flow, and be earnings and cash flow accretive for Grubhub from 2023 onwards.
Amazon will receive warrants over 2% of Grubhub's equity, rising to 15% depending on the number of customers who sign up.
Adam DeWitt, chief executive of Grubhub, said: "We're confident this offering will expose many new diners to the value of Grubhub+ while driving more business to our restaurant partners and drivers."
Analysts at UBS were positive on the deal.
They said: "It enables Grubhub to easily access Amazon's broad customer base and likely over time makes Grubhub more valuable. While the partnership is focused on restaurant food delivery, given Grubhub's large delivery network (66% orders delivered) over time it could be expanded to q-commerce [quick delivery e-commerce] too in our view and hence prove a valuable option.
"Just Eat further says that it continues to actively explore the partial or full sale of Grubhub. Should this partnership deliver results over the coming months, it might make the process easier."
Just Eat is up 14.75% at 1363p.
8.48am: Parkmead up by a fifth after positive update from Dutch assets
Shares in Parkmead Group (AIM:PMG) have flared up after a positive update from its Dutch gas business.
The energy group said the Dutch assets had performed well, helped by a royalty deal signed last year, as well as the current high gas prices following the invasion of Ukraine. So revenues from the business are expected to be ahead of forecasts at more than €14.5mln.
It expects gas prices to remain high for the short to medium term, due to tight gas supplies in Europe, so has chosen to remain 100% unhedged.
Meanwhile a new two well drilling campaign in the Netherlands is ahead of schedule, with a rig due to be received by the fourth quarter of this year.
Chairman Tom Cross said: "We have delivered record gas revenue from our Dutch gas assets for the year to 30 June 2022 and remain very confident in the outlook for these assets as we build momentum across Parkmead's operations in this region...
"To complement our Dutch assets, we will continue to focus on building a portfolio of high-quality energy projects through acquisitions, organic growth and the active management of our assets across all energy sectors."
Parkmead has put on 21.31% to 51.8p.
Meanwhile cyber security specialist ECSC Group PLC (AIM:ECSC) is on the rise after unveiled three contract wins.
The deals for its managed detection and response division are in employee online services, shipping, and online training and assessment services.
The three year contracts have a combined revenue value of £590,000, and bring the division's total order book to a record £2.9mln at the half year.
Its shares have climbed 9.09% to 42p.