Smith & Nephew cut its 2026 outlook for revenue, profit, cash flow and ROIC despite Q3 revenue rising 3.4% to $1,551 million. Full-year underlying revenue growth is now expected at around 3%, versus around 4% previously, as wound-bioactives and US reconstruction remained weak.
Gem Diamonds Ltd reported Q3 revenue of US$34.8m, up from US$25.7m despite lower diamond sales, as the achieved price rose to US$1,945 per carat from US$1,124 per carat. Recoveries fell to 19,299 carats from 22,268 and grade fell to 1.42 cpht from 1.69 cpht.
Glanbia PLC raised FY 2026 outlook for Performance Nutrition growth, Dairy Nutrition EBITDA and constant-currency adjusted EPS after strong nine-month trading. Group like-for-like revenue rose 9.9% on a constant-currency basis, while all other FY 2026 guidance remains unchanged.
Q1 FY 2027 Business, Strategic Review and Operating Update
Petra Diamonds’ shares are suspended after delayed FY2026 audited accounts, while the group relies on conditional near-term liquidity support and a strategic review with no certain outcome. Q1 FY2027 revenue fell to US$21 million from US$30 million in Q4, as average prices fell to US$63 per carat from US$76; net debt rose to US$348 million at 30 September 2026.
Coca-Cola HBC AG raised 2026 organic revenue-growth guidance to slightly above the previous 6% to 7% range after Q3 organic revenue grew 9.0% and volume rose 5.4%. Organic EBIT-growth guidance remains 8% to 10%, while Ukraine volume fell by more than 20% amid supply-chain disruption.
Lion Finance Group reported unaudited 3Q26 profit of GEL 661.9 million, up 21.0% year-on-year, with ROAE of 27.2%, above management’s medium-term 20%+ target. Credit costs rose to 0.7% from 0.5%, although the Group NPL ratio improved to 2.0% from 2.1%.
Braemar PLC grew HY27 revenue 16% to £74.3m and underlying operating profit before acquisition-related expenditure 7% to £6.0m after £1.4m of strategic investment, while the board expects FY27 trading to be in line with market expectations. Reported profit before tax rose to £4.7m from £0.9m, but Corporate Finance revenue fell 59% and its CGU’s recoverable amount exceeded the carrying value of goodwill and other assets by only £0.4m.
Trainline’s unaudited H1 FY2027 results were in line with its FY2027 guidance, with adjusted EBITDA up 7% to £100 million despite revenue falling 1% to £233 million. Profit after tax fell £8 million to £41 million, while adjusted free cash flow fell to £45 million from £79 million and net debt rose to £212 million from £170 million at February 2026.
Marks & Spencer reported a sharp first-half recovery, with group sales up 16.2% to £9.3bn and adjusted profit before tax of £403.2m versus £184.1m, while still expecting full-year 2026/27 adjusted profit before tax to be in line with current market expectations. Statutory profit before tax rose to £355.1m from £3.4m. However, Fashion, Home & Beauty sales and profit remained below 2024/25 as post-incident availability constraints limited sales conversion and a greater online mix increased fulfilment costs.
Weir remains on track to deliver 2026 constant-currency revenue and operating-profit growth in line with current market expectations, full-year operating margins above 20% and strong cash conversion. Q3 orders rose 8% at constant currency, including a 3% contribution from acquisitions and 5% organic growth; reported orders rose 11% to £687m, although larger Minerals projects slipped into Q4 and ESCO original-equipment orders fell 24%.
Zotefoams expects FY2026 adjusted profit before tax to be in line with market expectations of £26.3m, subject to no material disruption to key markets. Q3 revenue rose 9% to £41.8m, including £6.2m from OKC, but organic revenue fell 7% as footwear revenue dropped more than anticipated.
Smiths News’ FY2026 adjusted operating profit was £38.7m, slightly above its upgraded market expectation of £38.4m, but revenue fell 2.6% and adjusted operating profit declined from £39.1m. Statutory profit after tax fell to £24.4m from £28.3m, including a £3.0m after-tax adjusting-items cost, mainly from transformation and network reorganisation, versus a £1.3m credit in FY2025.
Lancashire Holdings declared a 75-cent-per-share special dividend, worth about $182 million in aggregate, while remaining on track for a high-teens return on equity in 2026. Nine-month underlying gross premiums written were flat after excluding reinstatement premiums relating to the prior-year California wildfires, while the renewal price index was 93%.
Dekel Agri-Vision has conditionally raised approximately £719,526 gross at 0.26p per share to expand cashew processing capacity and support working capital. AIM trading is expected to be restored at 7.30 a.m. on 4 November 2026. The issue of 276,740,756 new shares would enlarge the share base to 1,486,840,798 shares on Admission, reducing existing holders’ percentage ownership.
FDM Group expects financial performance for the year to 31 December 2026 to be in line with the Board’s expectations, while consultants assigned to clients rose to 2,070 at 31 October. The interim dividend is 3.0p per share, half the 6.0p paid for 2025.
JD Wetherspoon made a strong FY27 start, with like-for-like sales up 8.2% in the first 14 weeks, and remains comfortable with FY27 market expectations adjusted for the 53-week year. Profit forecasts remain highly dependent on sales growth over the remaining three quarters.
Barratt Redrow reported mixed FY27 trading: completions fell 12.1% to 3,223 in the first 17 weeks, while its forward order book rose to 11,086 homes worth £3,315.4 million. Underlying private reservations softened amid affordability pressure, but private-rental-sector demand lifted the total private reservation rate and FY27 guidance remains unchanged.
MedPal AI reported unaudited October Group revenue of approximately £4.1 million, up from approximately £3.2 million in September, as New Health grew. Cash, receivables and stock fell to approximately £6.2 million at 31 October from approximately £6.4 million at 6 October, while working-capital funding discussions continue.
GEL 62.0 million share buyback programme extension
Lion Finance Group PLC has approved a GEL 62.0 million extension to its share buyback and cancellation programme. Up to 4,084,870 shares may be repurchased, with treasury shares cancelled monthly to reduce share capital.
Image Scan Holdings expects, subject to audit, FY26 revenue of approximately £3.4m and profit before tax of approximately £0.3m, versus £1.6m revenue and a £0.3m loss in FY25. Its £1.4m closing order book provides FY27 visibility, but larger-contract timing and delivery can vary.
Orosur Mining plans to temporarily suspend APTA drilling after MAP111 and move its rig to Pepas while preparing a resource drill-out. However, it says adequate financing is needed to continue as a going concern.
Funding Circle has appointed Rob Straathof as CEO, subject to regulatory approval, with an expected H1 2027 start. He will succeed Lisa Jacobs, who will remain through an orderly handover and step down by September 2027.
Chapel Down Group proposes a conditional, non-underwritten placing to raise about £5.5 million gross, plus a separate retail offer of up to £0.5 million, to fund a new Tenterden soft-pressing facility and working capital. The project targets about £2.0 million of additional annual gross margin from FY30. The 2026 harvest yield was 3.0 tonnes per acre, below FY25’s 3.7 tonnes and the five-year average of 3.3 tonnes, after modest May-frost damage that was only partly offset by stronger non-affected crops.
The Smarter Web Company bought 1,775 MORE Preferred Shares for £142,985 from existing cash on 3 November, holding them in treasury without dividend entitlement. The shares also began trading on the US OTCID Basic Market as MORPF, but the group remains materially exposed to Bitcoin volatility and related risks.
Asia Strategic Holdings Ltd is extending US$4.150 million of zero-coupon convertible notes to 31 October 2029 while expecting US$3.105 million to convert into 269,297 new shares. The share issue would enlarge the share base to 3,291,217 shares, while the Board said trading remained in line with management’s expectations.
Investment in Regional Leadership and Partnerships
Corero Network Security appointed Michael Woduschegg as General Manager and Field CTO for EMEA/APAC as it expands regional leadership, technical expertise and channel resources. Q3 2026 order intake grew 50% year on year, which Corero said was fuelled by channel-led wins.
Europa Oil & Gas has appealed to the Secretary of State against the refusal of planning permission for its Cloughton gas appraisal well, but the project remains dependent on the appeal outcome.
Richmond Hill Resources has mobilised its drill crew at Sakoose, starting a defined nine-hole, approximately 1,400 m exploration programme. The rig was expected to be in position during the announcement week, but historical production and drilling do not establish a current mineral resource or future mining viability.
FORGENT plc has cut the initial consideration payable on exercising its Mount Sholl option by about 64% and extended the option to 14 November 2026. Total conditional consideration remains A$2.7 million, but the option has not been exercised and requires a separate Forgent decision.
Aterian PLC has mobilised a rig for an 800m scout drilling programme at its 85%-owned Azrar Copper-Silver Project in Morocco. The programme is fully funded through the Lithosquare joint venture and is expected to start imminently, but it is an initial test of surface-indicated mineralisation.
Conduit Holdings Ltd said independent non-executive director Ken Randall retired from the Board on 4 November 2026 as part of planned Board succession.
Boohoo Group PLC said Frasers Group cut its notified voting-rights position to 23.172210% from 26.794749%, reducing its holding by 58,675,000 voting rights.
Made Tech Group has completed its acquisition of CX Feedback, paying £3.0 million of initial gross cash consideration from existing reserves. Total consideration could reach £6.0 million, excluding working-capital adjustments, if performance conditions are met.
Strategic Minerals PLC has completed the sale of Leigh Creek Copper Mine after Australian foreign investment approval, receiving A$750,000 in cash and retaining potential future interests. The additional value depends on a proposed listed-company share issue, production royalties and earn-outs, while proceeds are intended to support the Redmoor project.
Fletcher King PLC has completed the sale of 50% of Fletcher King Services Limited to Lexington One for £200,000, retaining a 50% stake. A put/call agreement could realise £650,000 for its remaining interest, while the Board has been extensively reconstituted.