News blog

AIM 50 Digest 24 October 2025

BY: Andrew Hore |
POSTED: 27/10/2025 |

Vet practices operator CVS Group (CVSG) plans to move to the Main Market in early 2026 after 18 years on AIM. This means it will be eligible for inclusion in the FTSE 250 index. A share buyback programme of up to £20m has also been announced. This follows the recent publication of the Competition and Markets Authority of its provisional decision concerning the veterinary market. There are 21 measures recommended including better information on prices. The final decision will be in March 2026.
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Serica Energy (SQZ) has delayed its move to the Main Market until after the 2025 accounts are published next year. Serica Energy has agreed to acquire a 32% stake in two North Sea licences from BP for $232m. The other companies involved in the licences have a right to acquire the interests on the same terms. One licence includes the Culzean gas field, which has production equivalent to 25,500 boepd. There is further disruption at the Triton FPSO. A problem with the flare system temporarily halted production. This means that production will be lower than previous guidance of 29,000-32,000 boepd.
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Tatton Asset Management (TAM) continues its impressive growth in asset under management reaching £24.6bn at the end of September. Average monthly net inflows were £281m and the recovery in the market added more than £2bn to the figure. The Paradigm mortgage advice business is also growing. The previously reported ending of the contract with Perspective happens in January. That covers £2bn of assets, but the total assets under management will still grow. Individual IFAs under the Perspective banner could choose to continue with Tatton. These funds generated £500,000 of income in the first half.
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Lime and building materials supplier SigmaRoc (SRC) is continuing to trade well despite the tough construction market. There are positive signs in sectors in many European countries. Volumes did decline by 3% in the third quarter and this is set to continue. Pro forma revenues fell 1% to £771m in the nine-month period. Zeus increased its 2025 forecast earnings by 5% to 9.6p/share thanks to a lower expected tax charge.
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Hargreaves Services (HSP) has made initial renewable asset sales earlier than anticipated, so they will be included in the current financial year. The total expected value of the disposal to Meadow Partners is £12.6m, which is in line with the appraised valuation, although it is well above book value of £4m. The initial payment is £8.8m with additional payments of £3.8m by September 2029. The additional payments could rise to as high as £5m. They depend on wind levels.
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Building products distributor Brickability (BRCK) has grown revenues in the first half of the financial year. It is on course to make a 2025-26 pre-tax profit of £39.5m, up from £37.8m.
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Engineering services provider Renew Holdings (RNWH) expanded its presence in the power market by acquiring Emerald Power for up to £12.3m. The Cheshire-based company focuses on overhead power lines. There is significant investment in the electricity sector with £22.2bn set to be spent by 2028. The initial payment is £7.8m with the rest dependent on achieving profit targets. EBITDA was £1.9m last year.
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Redcentric (RCN) is selling its data centre business to concentrate on managed services. The deal has an enterprise value of up to £127m. That is 15 times last year’s adjusted EBITDA. The sale is dependent on regulatory approvals and the separation of the business from the other Redcentric operations. Completion should happen in May.
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Power and data transmission products manufacturer Volex (VLX) expects interim revenues to be $575m and second half revenues should be similar. Tariffs have provided opportunities for Volex. There have been delays in customer projects, though.
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GB Group (GBG) has acquired DataTools, which provides address verification services in Australia and New Zealand, for £7.9m. First half revenues for GB Group will be slightly lower at £135.5m, but there was growth on a constant currency basis. Second half growth has accelerated. The prospectus for the move to the Main Market has been published.
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Social media content company LBG Media (LBG) says full year revenues and profit are in line with expectations. Revenues rose from £86.2m to £92.2m. EBITDA is 2% ahead at £25m. This is despite the advertising sector being generally weak.
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James Matheson has been appointed a non-executive director of Big Technologies (BIG) and the requisition of a general meeting has been withdrawn.
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GlobalData (DATA) says third quarter revenues were 13.5% higher, partly thanks to growth in subscriptions. However, margins have weakened and the 2025 pre-tax profit forecast has been reduced to £106.1m.
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Chief executive Stephan Shakespeare bought 39,060 shares in YouGov (YOU) at 256p each, while Ian Griffiths acquired 19,216 shares at 26p each. This followed full year figures showing revenues of £388.9m and adjusted pre-tax profit of £48.8m.
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ITM Power (ITM) has launched ALPHA 50, a 50MW green hydrogen plant.
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Richard Griffiths has cut his stake in Advanced Medical Solutions (AMS) to below 3%, although he increased his shareholding in RWS (RWS) to 8.29% and his shareholding in Next 15 (NFG) to 6.31%. Kevin Havelock bought 55,000 shares in Fevertree Drinks (FEVR) at 868p each. Gumshoe Capital Management has taken a 5.36% stake in Kitwave Group (KITW). Non-exec Nigel Wray has bought 50,000 shares in Franchise Brands (FRAN) at 120p each.

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