Retail and Travel Soar: Topps Tiles and Wizz Air Lead Pre-Market Rally

📈 Today's Key Themes

Pre-market sentiment is largely positive, driven by strong performances in the retail and travel sectors. Topps Tiles' impressive Q3 sales growth and Wizz Air's robust passenger numbers signal resilient consumer spending. The mining and energy sectors show strategic moves with new acquisitions and discoveries. However, the technology and pharmaceutical landscapes present a mixed picture, with some companies facing challenges such as proposed delistings and discounted placings, indicating potential investor caution in these areas.

💡 Company Updates

Trading Updates

Topps Tiles (#TPT) reports strong trading momentum with Q3 sales up 10.1% and year-to-date growth of 6.1%. The company's Topps Tiles brand saw like-for-like sales increase by 7.3% in Q3, while active trade customers grew by 12% year-on-year to 150,000. The sentiment is good, with the company expressing confidence in its CTD division becoming profitable by Q4. Read more

Wizz Air Holdings (#WIZZ) showcases impressive growth with passenger numbers increasing 10.8% year-on-year to 5.88 million in June 2025. The airline also reported a 10.4% increase in seat capacity and a 0.4 percentage point improvement in load factor to 92.1%. Notably, CO2 emissions per RPK declined by 4.6% year-on-year, highlighting the company's commitment to environmental sustainability. The sentiment is very good, reflecting the company's ability to deliver sustainable growth and operational efficiency. Read more

Thruvision Group (#THRU) announces a material contract worth over £1 million from a new government customer in Asia. The company's Q1 FY26 order intake reached £2.3 million, up 145% year-on-year. With a strong sales pipeline and cash resources expected to last until the end of the calendar year, the sentiment is good for Thruvision's near-term prospects. Read more

General Updates

88 Energy (#88E) secures a 12-month extension for its Namibian exploration license PEL 93 and launches a new work program. The company plans a high-resolution airborne gravity survey in H2 2025 to de-risk the Lead 9 prospect, which shows similarities to ReconAfrica's upcoming Kavango West 1X well. The sentiment is good, suggesting potential for a significant discovery. Read more

Conroy Gold and Natural Resources (#CGNR) discovers a new gold-bearing outcrop near its Corcaskea target, returning 1.5 g/t gold from a surface rock chip sample. This finding suggests potential to expand the resource in a different structural orientation, enhancing the company's geological understanding. The sentiment is good, indicating positive exploration progress. Read more

Metals One (#MET1) completes the acquisition of the Uravan Uranium-Vanadium Project in Colorado, USA, consisting of 59 unpatented claims and a 10-year exploration lease. The company has commenced a Phase 1 exploration program, with Phase 2 drilling planned for late 2025. The sentiment is good, reflecting strategic expansion into critical minerals. Read more

Savannah Resources (#SAV) raises £4.8 million through a retail offering and additional subscriptions to support the development of its Barroso Lithium Project in Portugal. The project has been classified as a 'Strategic Project' by the European Commission. The sentiment is good, indicating strengthened financial position for project development. Read more

LPA Group (#LPA) secures new contracts worth over £1.4m for interior lighting retrofit solutions with a major UK train builder and Dutch rail operator. Deliveries are set to start in September and October 2025, reinforcing the company's position in the UK and European rail aftercare market. The sentiment is good, reflecting positive business development. Read more

🎯 Leading Developments

K3 Business Technology Group (#KBT) announces plans to return up to £29 million to shareholders through a tender offer at 85 pence per share. The company also proposes to delist from AIM, with the tender offer and delisting to be funded from existing cash resources. This move represents a significant return of capital to shareholders, potentially impacting the technology sector. The sentiment is good, although the delisting may affect share liquidity. Read more

Celadon Pharmaceuticals (#CEL) proposes cancellation of admission of ordinary shares to trading on AIM and re-registration as a private limited company. This development is likely to have a significant negative impact on shareholder liquidity and trading. The sentiment is very bad, potentially affecting investor confidence in small-cap pharmaceutical companies. Read more

Blue Star Capital (#BLU) raises £1.15 million through a placing of 6,388,889 new ordinary shares at 18p per share, representing a 21.7% discount to the previous closing price. The funds will be used to provide a secured loan to SatoshiPay to increase its digital asset treasury function. The discounted placing raises concerns about Blue Star Capital's financial health and investor confidence. The sentiment is bad, potentially impacting the broader financial services sector. Read more

📅 Week Ahead

3 July 2025: Baltic Classifieds Group (#BCG) Announcement of Full Year Results
3 July 2025: Currys (#CURY) Full year results announcement
3 July 2025: Watches of Switzerland Group (#WOSG) FY25 results announcement
3 July 2025: ActiveOps (#AOM) to announce annual results
3 July 2025: Scottish Mortgage Ord (#SMT) Annual General Meeting
3 July 2025: Unite Group (#UTG) Deadline for announcement of firm intention to make an offer
3 July 2025: Benchmark Holdings (#BMK) Tender Offer opens
3 July 2025: Menhaden Resource Efficiency Ord (#MHN) AGM and Continuation Vote
3 July 2025: Catenai (#CTAI) Alludium event showcasing AGI platform
4 July 2025: Greencore Group (#GNC) General Meeting

View full calendar

Market Summary