Bar owners The Revel Collective issued an update on the company’s strategic review and formal sale process this morning. The hospitality sector is being hammered from all sides and this is no exception, so whilst talks are ongoing with several credible parties, the current expectation is that none of these will deliver returns for shareholders. The uncertainty here also means that the company will not be able to complete results before the filing deadline in late December so shareholders are warned to expect the stock being suspended from 29th December. The Revel Collective share price was down 35% in early trade.
Following accounting issues earlier in the year, travel retailer WH Smith has today published full year results. Group revenues are 5% higher but headline profit fell by around 7%. Whilst some headwinds are identified, management seen comfortable that momentum will be maintained and are looking at revenue growth of between 4% and 6% for FY26 but the market seems underwhelmed, with the share price off almost 3% shortly after the open.
AIM listed Quantum Helium has this morning published independent resource estimates of its Coyote Wash project in Colorado, where it holds a 100% working interest. The reserves have a potential gross value of $331m, whilst 750k barrels of potentially recoverable oil were also identified. This makes Quantum one of the larger independently certified helium companies on the London market. The Quantum Helium share price added as much as 50% in the first few minutes of trade before gains eased to around 21% at 8.30am.
Most read news on Investegate this morning
Preliminary Results Announcement - - WH Smith (SMWH)
S&P upgrades Paraguay rating to Investment Grade - - ATOME Energy (ATOM)
Proposed Disposal of Billi for £110.0 million - - Strix Group (KETL)
Wishing everyone a restful Christmas and a prosperous New Year. The column will return on January 5th 2026.
