News blog

AIM 50 Digest 27 February 2026

BY: Andrew Hore |
POSTED: 01/03/2026 |

Airline and tour operator Jet2 (JET2) is satisfied with summer bookings and is focusing on growing market share with attractive pricing. Gatwick should be a major contributor in the longer-term. Net debt is forecast to be £21.4bn at the end of March 2026. Canaccord Genuity has maintained its 2025-26 pre-tax profit forecast at £542.3m but reduced next year’s figure from £475.1m to £455.8m due to the possible repercussions of the planned pricing strategy. Prior to the trading statement, non-executive director Rachel Kentleton bought 1,638 shares at 1306.4p each.
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Groceries distributor Kitwave (KITW), which is the subject of a 295p/share cash bid from OEP Partners, says the latest quarter to January 2026 has suffered from a change in sales mix that hit margins. Cost inflation and investment in the new South West distribution centre mean that profit was well below expectations. The 295p/share bid and scheme of arrangement has been agreed by shareholders at a general meeting. There are still conditions that need to be satisfied before completion of the acquisition.
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A positive AGM statement from photonics company Gooch & Housego (GHH) revealed a 18% increase in the order book to £168m. All divisions contributed, but aerospace and defence grew fastest. This suggests a stronger second half. Cavendish is maintaining its forecast for the time being, although it has added a 2026-27 forecast. This year a pre-tax profit of £16.2m is expected, rising to £19.3m next year.
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Plumbing products supplier Victorian Plumbing (VIC) has made a strong start to the financial year. After five months, sales are 9% ahead on the same period last year. This is compared to weak comparatives, but it represents a continued improvement. The expanding of the range of products offered has helped. There was no specific news on the MFI brand. Victorian Plumbing has paid £3.4m for a haulage company that will help with customer fulfilment for the core business. This will be earnings neutral this year but should be enhancing next year. Stephanie Judge will take over as chief executive from the founder.
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Electrolyser technology developer ITM Power (ITM) has increased its guidance for the year to April 2026. This is sparked by deliveries for projects that are earlier than anticipated, plus new projects. The new guidance is £40m-£43m, compared with £35m-£40m previously. There has been a change to revenue recognition. The new policy is based on the percentage of completion of the project. This is likely to have accelerated recognition of some revenues. Net cash is expected to be £170.8m at the end of April 2026, falling to £126.5m one year later. This means that there is no short-term concerns about further fundraisings.
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Camellia (CAM) says it expects to return to breakeven at the trading level in 2025, when a further loss was originally expected. Interest income should produce a pre-tax profit of more than £3m. There was improved trading in agricultural operations in Bangladesh, Brazil and Malawi, although there were weaker contributions from Kenya and India. Net cash is anticipated to be £70m, which is more than 50% of market capitalisation.
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Arbuthnot Banking (ARBB) says that it made good progress in the fourth quarter of 2025. Pre-tax profit will be at the upper end of the guidance range of £22m-£24m. A total dividend of 53p/share is forecast.
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It appears that the Long Path Opportunities Fund bid of 71.5p/share cash for Idox (IDOX) has achieved enough acceptances to take it over 50%, but it is still short of the number required to enable it to ensure that the AIM quotation is cancelled. Anyway, for the time being the bid timetable is frozen as regulatory approvals are awaited.
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Third quarter trading at BTG Consulting (BTG), formerly Begbies Traynor, was good and the insolvency and property services provider is on course to make 2025-26 pre-tax profit of £24.2m. The fourth quarter is normally the busiest.
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Pantheon Resources (PANR) has commenced seismic reprocessing on the north west section of the Kodiak project in Alaska.
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Frontier Developments (FDEV) founder David Braben has sold 15,000 shares at 401.61p. This is part of the video games developer’s share buyback. Impax Asset Management (IPX) chair Simon O’Regan bought 12,000 shares at 158.4p each.

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AIM 50 Digest 27 February 2026

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AIM 50 Digest 27 February 2026

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