The UK’s benchmark FTSE 100 index closed higher on Friday, extending its longest-ever streak of gains.
The UK’s leading stock index closed 1.17% higher on Friday, while the FTSE 250, which tracks mid-sized companies, rose 0.52%. The gains came after China’s Ministry of Commerce announced it was “currently evaluating” a US proposal to begin negotiations.
According to Bloomberg, this marked the FTSE 100’s 15th consecutive day of gains—the longest unbroken run in its history. The index has climbed 2.15% over the past week alone.
Dr Graham Cooley Increases Stake in Distil
Dr Graham Cooley has raised his holding in spirits company Distil (DIS) from 17.3% to 18.1%. While the share price has retreated from its intraday high, it remains up 46.7% at 0.11p.
Emmerson Seeks ICSID Arbitration Over Moroccan Dispute
Emmerson (EML) is pursuing arbitration via the International Centre for Settlement of Investment Disputes (ICSID), a World Bank body, in relation to its ongoing dispute with the Moroccan government over the Khemisset potash project. The company is seeking $2.2bn in compensation. A $11.2m litigation funding facility will cover related costs. Shares rebounded 30.6% to 2.35p.
Gfinity Launches Yentra.AI and Generates First Revenues from Connected IQ
Gfinity (LON: GFIN) has begun commercialising its AI technology, Connected IQ, under licence from 0M Technology Solutions, with first revenues recorded in April. The company is currently in discussions with major advertising agencies to deploy the platform in brand campaigns and service offerings. To support growth, additional sales staff have been hired.
Gfinity has also launched Yentra.AI, a new venture combining its software engineering, AI consulting, and Web3 development operations for commercial clients. Gfinity holds a 51% stake, with the remaining shares owned by management. The share price climbed 22.2% to 0.0825p.
GenIP Secures First Client for New AI Product
Generative AI firm GenIP (GNIP) has signed its first client—a big four accountancy firm—for a new AI-powered competitive intelligence tool. The product analyses data to generate actionable business insights. Shares rose 14.8% to 31p.
Eleco Exceeds Expectations, Boosts Dividend
Architecture and construction software group Eleco (ELCO) reported a rise in pre-tax profit from £4.2m to £5.4m, surpassing upgraded expectations. The dividend has been increased by 25% to 1p/share. The company’s transition to a SaaS model is supporting profitability, while upselling has pushed net revenue retention to 109%. Pre-tax profit is forecast to reach £6.8m this year, with annualised recurring revenue expected to grow from £26.6m to £32.6m by 2025. The share price rose 6.61% to 129p.
Prospex Energy Reports Strong Output from Selva Field, Faces Temporary Viura Setback
Oil and gas producer Prospex Energy (PXEN) reported average daily production of 77,292 standard cubic metres (scm) from the Selva Malvezzi concession in Italy, in which it holds a 37% interest. Prospex’s share of income from the site was €1.24m. An application has been submitted to drill four additional wells, alongside plans to conduct a 3D seismic survey.
In Spain, production at the Viura field has been temporarily halted due to a leak in the completion tubing at the Viura 1-B well. Output is expected to resume by mid-June, though near-term income from the site will be affected. The share price rose 2.69% to 5.75p.
FALLERS
Mirriad Advertising Revenue Disappoints as Cash Dwindles and Administration Looms
In-content advertising firm Mirriad Advertising (MIRI) reported first-quarter revenues of just over £80,000, citing seasonally weak conditions and lower-than-expected activity levels.
Cash reserves dropped to £2.7m at the end of March 2025, with a monthly cash burn of up to £750,000. Discussions around a potential acquisition have ended, and the company now urgently needs to raise additional funds. Management has confirmed that placing the company into administration is under consideration.
Shares plummeted 83.8% to 0.055p.
Totally Launches Strategic Review Amid Forecast Downgrade and Cash Pressures
Healthcare services provider Totally (TLY) has initiated a strategic review following a significant downgrade in expectations for the year ending March 2025. The revision is attributed to a contract delay and the termination of higher-margin NHS111 services. EBITDA guidance has been cut from £3.5m to a range of £0–£2m, while exceptional costs have risen to £3.8m. The finance director has resigned, and a tight cash position has triggered the review to explore options for strengthening the balance sheet. The share price plunged 63% to 1.5p.
Ethernity Networks Raises £800k to Pay Creditors and Advance ASIC Development
Ethernity Networks (ENET) is raising £800,000 through a placing at 0.022p per share, with each share accompanied by a warrant exercisable at 0.045p. Proceeds will be used to settle creditor obligations and support ASIC development. The company is progressing in talks with a wireless business as part of its transition to a semiconductor-focused strategy. Shares dropped 25% to 0.0225p.
Xtract Resources Doubles Strike Extent at Zambian Copper Project
Xtract Resources (XTR) reported further assay results from its Silverking copper project in Zambia, where it has the option to earn up to a 70% interest. The new results have doubled the strike length of high-grade mineralisation to over 160 metres, with drilling set to extend to 400 vertical metres. The company also noted that lower-grade mineralisation may still be commercially viable. Shares declined 5% to 0.95p.
Kore Potash Suspended on ASX Ahead of Kola Financing Terms
Kore Potash (KP2) remains trading on AIM and in South Africa, though trading was suspended on the ASX pending the outcome of draft financing proposals for the Kola project. The suspension will be lifted once negotiations conclude and non-binding term sheets from the Summit consortium are finalised. Shares slipped 3.72% to 2.85p, though they remain up on the week.
Caspian Sunrise to Proceed with Block 8 Deal Despite Licence Delay
Oil and gas group Caspian Sunrise (CASP) says licence renewal delays for the Akkaduk structure in Kazakhstan have held up completion of the Block 8 acquisition. Despite this, the company has decided to move forward with the deal and is seeking government approval. It also awaits regulatory clearance for the $88m sale of other assets. The share price fell 5.36% to 2.65p.
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