Zeus Capital

All research provided by Zeus is sponsored by the issuer and is therefore specifically exempt from the inducement rules. The research is therefore freely available to all Institutional Investors.

Zeus is an independent investment banking boutique, providing the highest quality advice to clients across a range of sectors and transactions. £3.6bn+ has been raised by Zeus as Sole or Joint broker and/or book-runner over the last four years. Our expertise enables us to guide companies through the often complex process of making acquisitions, selling a business, management buy-outs/ins and IPOs. Zeus acts as Nominated Adviser and Broker on public market admissions, along with offering continued support to AIM listed businesses.

Regulatory Information

  • Regulatory Status: Zeus Capital Ltd is authorised and regulated by the Financial Conduct Authority; approved as a Nominated Adviser and Broker by the AIM Market of the London Stock Exchange
  • ID Number: 224621

Charlie Cullen
  • Charlie Cullen

Dekel Agri-Vision (DKL LN) - Q1 production shows good recovery in volu...

Dekel’s Q1 production update, released this morning, illustrates a steady performance in both parts of the business, with palm oil volumes rebounding strongly following the onset of the high season and cashews showing significant YoY improvement. In palm oil, pricing remained strong by historical standards, flat on the prior year at €968/tonne. Volumes of crude palm oil (CPO) were down 4.9% on Q1 2025, with early indications of a strong month ahead in April. In cashews, production increased an e...

Daniel Slater
  • Daniel Slater

ITM Power (ITM LN) - £86.5m of UK government funding - BUY

ITM has announced a total of £86.5m of new UK government funding. This comes as a £40m plc equity raise from the government’s GB Energy vehicle, and a £46.5m government grant. The money will be used to underpin construction of ITM’s planned new manufacturing line for its Chronos electrolyser stack over the next three years.

Andy Hanson
  • Andy Hanson

Building Products Round-up - April 2026

Newsflow in March was predictably dominated by macro events, with shares selling off across the board following developments in the Middle East and with knock-on impacts on energy prices, interest rate expectations and business confidence. This was reflected in another subdued UK Construction PMI reading for March, with house building remaining the weakest segment and 48% of respondents indicating an increase in input costs. Across our peer group, there remained a handful of bright spots and sol...

Bob Liao
  • Bob Liao

Devolver Digital (DEVO LN) - 2025 results: Confident outlook - Corpora...

Devolver delivered results in line with its trading update in January. 2025 results mark the second year of Adjusted EBITDA growth, and we expect this growth to accelerate in 2026. The company has experienced a strong start to 2026, which has put it on track to meet market estimates. Indeed, Devolver has above average revenue visibility this year due to a H1-weighted release schedule. We make no changes to our above-consensus expectation for Adjusted EBITDA (post impairments) to more than double...

Daniel Slater
  • Daniel Slater

Union Jack Oil (UJO LN) - Crossroads well spud upcoming - Corporate

Union Jack has announced that it expects spud of its Crossroads exploration well in Oklahoma on or around 16 April, with the potential to bring the well onstream quickly on success.

ZEUS PODCAST: A Different Perspective podcast: Simon Young, Experience...

A Different Perspective podcast Nick Searle speaks to Simon Young, UK Fund Manager. An extremely experienced portfolio manager, Simon has focused on income mandates for many years. Following Cambridge University, Simon joined Mercury Asset Management which became Blackrock, and has also worked at Aviva and AXA Asset Management. Simon and Nick discuss Simon’s background and career progression, the appeal income mandates and cash generative companies and views on how macro headwinds will affect ...

ZEUS PODCAST: A Different Perspective podcast: Hugh Hendry, The Acid C...

This week the legendary Acid Capitalist Hugh Hendry joins Nick for a truly different perspective. Previously at Baillie Gifford and Odey Asset Management Hugh’s Eclectica macro hedge fund was famously up 50% in 2003 and up 50% in the month of October in 2008. Monikered as a contrarian investor, Hugh certainly has some very different views as Nick runs through a tally of macro thoughts and themes.

ZEUS PODCAST: A Different Perspective podcast: Richard Howarth

In this episode, Zeus' Nick Searle, Equity Sales Director, speaks to ex-hedge fund manager, Richard Howarth. Richard had a very successful career at Brewin Dolphin, Clerical Medical and Insight yet decided to retire six years ago as ‘money can’t buy you time’. Richard now lives in Switzerland skiing in the winter and climbing in the summer whilst continuing to invest in the markets. In A Different Perspective podcast, Nick Searle, Equity Sales at Zeus, speaks to interesting characters within f...

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