Category: Market News

Safestore (LSE:SAFE) began its new financial year with solid trading, reporting group revenue of £61.2 million for the quarter ended 31 January 2026, up 6.3% at constant exchange rates. Growth was supported by a combination of like-for-like gains and income from recently opened stores. Closing occupancy improved slightly to 75.9% of current lettable area, while revenue per available square foot also advanced, signalling steady demand across its core markets.

On a like-for-like basis, revenue rose 4.2% at constant currency, underpinned by pricing strength as the average storage rate increased 4.8%. Occupied space on a like-for-like basis remained broadly stable. In the UK, revenue growth was modest and occupancy in larger units dipped due to an ongoing partitioning initiative aimed at optimising unit mix. In contrast, Paris and the group’s expansion markets outperformed, with the latter delivering a 17.6% increase in like-for-like revenue and a marked rise in occupancy levels.

The company continued to expand its footprint, opening three new facilities in Wembley, Colombes and Orgeval during the period, adding 173,500 square feet of maximum lettable area. A further five stores are scheduled to open before the financial year-end. Management highlighted that the quarter’s performance builds on last year’s momentum and reinforces the strategic importance of continental Europe, where newer markets are contributing an increasing share of growth and strengthening Safestore’s competitive position in the self-storage sector.

From a financial standpoint, Safestore benefits from a solid balance sheet and improving cash flow generation, although reported earnings and free cash flow have shown some volatility. Technical indicators remain constructive but suggest the shares may be approaching overbought territory. Valuation appears broadly reasonable, supported by a dividend yield that remains attractive to income-oriented investors.

More about Safestore Holdings

Safestore Holdings is the UK’s largest self-storage operator, with 214 stores as of 31 January 2026 across the UK, Paris, Spain, the Netherlands and Belgium, alongside joint ventures in Germany and Italy. Established in 1998 and listed on the London Stock Exchange since 2007, the group serves approximately 105,000 personal and business customers, offering 9.5 million square feet of maximum lettable area, of which 6.6 million square feet is occupied.

The company maintains a strong presence in London and the South East, major regional UK cities, and the Paris region, while continuing to build scale in key continental European markets. Employing around 850 staff, Safestore has been a constituent of the FTSE 250 index since 2015, underscoring its standing as a leading European self-storage provider.

Angus Energy (LSE:ANGS) has delivered a marked increase in production at its Saltfleetby gas field following coil tubing workovers on the B7 and B2 wells. Early results indicate average field output of approximately 6.3 million standard cubic feet per day (mmscfd) over the past week — around 30% above the company’s average daily production recorded in the fourth quarter of 2025.

The recently treated wells are currently undergoing clean-up and flowback operations, with management intending to track performance over the coming months to assess sustainability. Separately, the company plans to resubmit a previously delayed planning application relating to its Balcombe asset. However, operational gains are unfolding against the backdrop of ongoing negotiations with creditors over a proposed debt restructuring. Angus has cautioned that failure to secure agreement could raise material uncertainty over its status as a going concern. Its shares remain suspended from trading on AIM pending resolution of the restructuring process.

Financially, the group continues to face pressure from declining revenues and weak profitability, reflected in negative earnings metrics and limited valuation support. Technical indicators suggest broadly neutral momentum, although recent operational improvements and strategic initiatives offer a degree of cautious optimism for stabilisation and potential recovery.

More about Angus Energy

Angus Energy is a UK-based independent oil and gas company quoted on AIM and recognised as the country’s leading onshore gas producer. The company holds a 100% interest in the Saltfleetby gas field, majority stakes in the conventional oil fields at Brockham and Lidsey, and a 25% interest in the Balcombe licence, operating all assets in which it maintains an ownership position.

Tharisa (LSE:THS) confirmed that all resolutions proposed at its annual general meeting on 18 February 2026 were passed by shareholders. These included approval of the annual financial statements, the reappointment of auditors, board elections, authorities to issue and repurchase shares, as well as endorsement of the company’s remuneration policy and implementation report. Shareholders also approved a final dividend of US 1.5 cents per share, payable in USD, ZAR or GBP depending on the relevant share register.

The company outlined specific ex-dividend and record dates for both JSE and LSE investors and clarified the tax treatment applicable to shareholders in South Africa, the UK and Cyprus. These details are particularly relevant for income-focused investors assessing after-tax returns and cash flow timing. While voting support across most resolutions was strong, proposals concerning new share issuance authorities and the disapplication of pre-emptive rights drew a meaningful level of opposition, indicating some investor caution around potential equity dilution.

Tharisa further reported that it has 302,596,743 ordinary shares in issue, of which 296,259,295 carry voting and dividend rights. This disclosure provides additional transparency around the company’s capital base and the distribution pool for declared dividends.

More about Tharisa

Tharisa is an integrated resource group engaged in the exploration, mining, processing and marketing of platinum group metals (PGMs) and chrome concentrates. The company operates the low-cost Tharisa Mine in South Africa and is advancing the Karo Platinum Project in Zimbabwe. In addition to its mining activities, Tharisa is investing in downstream beneficiation initiatives and proprietary redox flow battery technology, aligning its strategy with global decarbonisation and energy transition trends.

88 Energy Limited (LSE:88E) is set to attend and present at the 2026 NAPE Summit in Houston, taking place from 18 to 20 February 2026. The company will use the event to spotlight its North Slope asset base in Alaska, including recently secured acreage in the South Prudhoe area. A copy of the presentation will be published on its website, reflecting a broader effort to enhance corporate visibility and engage both industry participants and investors.

Participation in NAPE — one of the upstream sector’s key networking forums — offers 88 Energy an opportunity to strengthen connections with prospective partners and funding sources. By promoting its Alaskan exploration strategy on a prominent industry stage, the company aims to support potential farm-out discussions, joint ventures or capital raising initiatives. The exposure also provides stakeholders with updated insight into its operational priorities within the competitive North American exploration landscape.

More about 88 Energy

88 Energy Limited is an oil and gas exploration company dual-listed on the ASX and AIM under the ticker 88E. The group focuses on upstream energy opportunities, with core activities centred on exploration and appraisal projects on Alaska’s North Slope, including its expanding position in the South Prudhoe region.

Anglo American (LSE:AAL) has reported that its majority-owned subsidiary, Kumba Iron Ore Limited, delivered audited adjusted EBITDA of R31.9 billion — approximately $1.8 billion — for the year ended 31 December 2025, highlighting robust profitability within the iron ore segment. After factoring in items such as derivative remeasurement reversals, corporate cost allocations and other adjustments, Kumba’s contribution to Anglo American’s underlying EBITDA is estimated at around $1.7 billion. The group is scheduled to publish its full-year 2025 results on 20 February 2026.

The scale of Kumba’s earnings contribution reinforces the strategic importance of iron ore within Anglo American’s broader portfolio. Strong cash generation from its South African operations continues to underpin group performance, offering investors early visibility into the composition of 2025 earnings ahead of the formal results announcement. The update also signals operational resilience in a commodity environment shaped by fluctuating global demand and pricing dynamics.

From a market perspective, Anglo American benefits from constructive technical momentum and recent corporate developments, including strategic transactions aimed at strengthening its competitive positioning. However, challenges linked to financial performance metrics — notably a negative price-to-earnings ratio and a relatively modest dividend yield — temper the overall valuation outlook.

More about Anglo American

Anglo American is a diversified global mining company producing iron ore, base metals and precious metals essential to industrial and infrastructure supply chains worldwide. Through its controlling interest in Kumba Iron Ore Limited, the group maintains significant exposure to the seaborne iron ore market and plays a prominent role in South Africa’s mining industry.

Cobra Resources (LSE:COBR) has finalised an 18-hole, 3,200-metre reverse circulation drilling campaign at the Blue Rose prospect within the Manna Hill Copper Project in South Australia, where the company holds a 12-month option to acquire the asset. Drilling intersected extensive zones of visible oxide and primary copper mineralisation in 10 holes, alongside molybdenite linked to quartz monzonite and diorite intrusions. The results strengthen the geological model pointing to a sizeable porphyry system in a state that hosts roughly 70% of Australia’s copper reserves.

According to management, early-stage observations indicate that drilling may be vectoring toward the core of a porphyry system. These findings are expected to guide the board’s decision on whether to exercise the Manna Hill option, which is internally viewed as having the potential to deliver a tier-one copper discovery. The programme also produced the project’s first multi-element portable XRF dataset, enhancing understanding of the structural and geochemical controls on mineralisation. Follow-up drilling is planned to test scale potential and potassic porphyry targets, while the company advances resource drilling at its Boland and Head rare earth assets, setting the stage for an active 2026. Positive outcomes could materially improve the group’s copper resource base.

From a financial perspective, Cobra remains pre-revenue, with ongoing losses and continued cash burn weighing on its near-term outlook. A debt-free balance sheet provides some mitigation, but valuation metrics are constrained by negative earnings and the absence of dividend yield data. On the technical front, the share price remains above key moving averages with constructive momentum indicators, although fundamentals continue to shape the broader investment case.

More about Cobra Resources Plc

Cobra Resources Plc is a South Australia-focused critical minerals developer advancing projects along the pathway to production. Its portfolio includes the Boland ionic rare earth discovery at the Wudinna Project — regarded as Australia’s only rare earth asset considered suitable for in situ recovery — as well as the optioned Manna Hill Copper Project in the Nackara Arc. In 2025, the company divested its Wudinna gold assets to sharpen its focus on copper and rare earth opportunities.

The group targets large-scale, low-cost and low-disturbance extraction opportunities within South Australia’s established mining region, positioning itself to benefit from sustained global demand for copper and rare earth elements.

Panther Metals (LSE:PALM) has entered into a non-binding letter of interest with Traxys Europe regarding its Winston Tailings Project in Ontario, opening discussions around potential financing support and future marketing of output. The proposed collaboration would cover gold, gallium, silver, zinc, copper, indium, cobalt and other recoverable minerals. Management sees Traxys’ involvement as meaningful third-party validation that could reduce execution risk on the route to production, while reinforcing confidence as the company progresses its Mineral Resource estimate and permitting activities.

Beyond Winston, Panther reported further advancement across its Canadian exploration portfolio. A 2,000-metre drilling campaign is being prepared at the Wishbone prospect within the Obonga Greenstone Belt, while additional drilling capacity has been deployed at Awkward West to target graphite and other critical metals. At Dotted Lake, located near Barrick’s Hemlo mine, recent work has confirmed gold, nickel, magnesium and volcanogenic massive sulphide (VMS) style mineralisation. The combined programmes support Panther’s strategy of balancing exploration-driven discoveries with projects that offer nearer-term development optionality, with the aim of creating sustained shareholder value.

Financially, the company remains in a pre-revenue phase, with ongoing losses and cash outflows weighing on its overall outlook. Valuation metrics reflect this early-stage profile, including a negative price-to-earnings ratio and no dividend history. While technical indicators point to strong momentum relative to moving averages, an elevated RSI suggests the shares may be approaching overbought territory, moderating the near-term technical picture.

More about Panther Metals Plc

Panther Metals Plc is a Canada-focused mineral exploration company listed on the London Stock Exchange. The group targets base, precious and critical metals through a portfolio that includes the district-scale Obonga Project in Ontario, the Winston tailings reprocessing initiative and the polymetallic Dotted Lake asset situated near the Hemlo mining district.

Supermarket Income REIT plc (LSE:SUPR), the London- and Johannesburg-listed property investor focused on grocery assets, has named Peel Hunt LLP as an additional joint corporate broker. The firm will work alongside Goldman Sachs International and Stifel Nicolaus Europe Limited to advise the REIT on capital markets activities.

The move broadens the company’s advisory bench as it continues to manage and potentially expand its £1.6 billion portfolio of supermarket properties across the UK and Europe. By strengthening its broker coverage, Supermarket Income REIT is expected to enhance shareholder engagement, improve trading liquidity and reinforce its access to capital markets across its dual listings. The strategy supports its objective of maintaining efficient funding channels while promoting its investment case to a wider pool of institutional investors.

The REIT’s portfolio is structured to deliver long-term, inflation-linked rental income derived from grocery-led assets that serve both online fulfilment and physical retail demand. Its stable income profile underpins a progressive dividend policy and offers scope for sustained capital appreciation. Recent corporate activity and steady operational execution have contributed to resilient financial performance, while valuation metrics — including an attractive dividend yield — continue to draw investor interest.

More about Supermarket Income REIT plc

Supermarket Income REIT plc is a FTSE 250-listed real estate investment trust specialising in grocery property investments that form part of critical food infrastructure. The company focuses on omnichannel supermarket assets, primarily leased to leading grocery operators in the UK and Europe. As of 30 June 2025, it managed a portfolio valued at approximately £1.6 billion, designed to generate secure, long-duration income streams.