Category: Top Story

Domino’s Pizza Group (LSE:DOM) reported full-year 2025 results broadly in line with its guidance, as modest increases in system sales and revenue were offset by lower underlying EBITDA and profit. Margin pressure within the supply chain and continued investment in operational capabilities weighed on earnings during the year. Despite a challenging consumer environment and slightly lower order volumes, the group generated strong free cash flow, maintained net debt within its targeted range, increased its dividend and continued to gain market share in both the overall takeaway sector and the UK pizza takeaway segment.

Management indicated that trading in 2026 is currently tracking in line with market expectations. The company expects store openings to be similar to those achieved in 2025, while the strong trading performance during the Christmas period has continued into the early part of the new year. Domino’s is focusing on strengthening its core operations through initiatives aimed at boosting revenue growth, accelerating digital engagement, expanding its market presence and improving cost efficiency. The strategy is supported by a robust supply chain, successful menu innovations such as the CHICK ‘N’ DIP product line and a growing customer loyalty programme designed to support long-term growth and value creation for customers, franchisees and shareholders.

The company’s outlook reflects a mix of positive and challenging factors. While valuation metrics appear attractive, with a relatively low price-to-earnings ratio and a high dividend yield, financial risks remain due to elevated leverage and negative equity. Technical indicators currently suggest bearish market momentum, though recent corporate developments and shareholder returns provide some support for the investment case.

More about Domino’s Pizza

Domino’s Pizza Group is the leading pizza delivery brand in the United Kingdom and a major operator in Ireland, holding the master franchise for Domino’s in these markets. The company operates and franchises 1,399 stores across the UK and Ireland and also owns a minority stake in Domino’s Pizza Poland. Its business model centres on takeaway and delivery-led pizza retail supported by franchise partnerships and a strong digital ordering platform.

Great Southern Copper (LSE:GSCU) has reported encouraging partial assay results from step-out diamond drill hole CNG25-DD042 at the Cerro Negro prospect in Chile, confirming that the Mostaza copper-silver system extends approximately 300–400 metres south of the historic mine workings. The drill hole intersected several mineralised intervals, including 21.8 metres grading 1.04% copper and 52.26 g/t silver, highlighted by a higher-grade section of 1.6 metres returning 6.55% copper and 319.75 g/t silver. The results also identified breccia zones enriched with lead, zinc and silver, reinforcing the interpretation of a structurally complex, stacked mineral deposit.

The latest drilling suggests the mineralised system is becoming thicker and more continuous further south, extending the defined copper-silver trend to more than 400 metres along strike. The system also remains open both at depth and beneath shallow cover. These findings will guide a fully funded Phase IV drilling campaign, which will focus on in-fill drilling aimed at linking Lens 2 mineralisation between the historic Mostaza mine and recent drill holes. Additional step-out drilling is planned to test the wider two-kilometre Mostaza Fault Zone, highlighting the broader growth potential of the project.

The company’s outlook remains influenced by early-stage financial characteristics typical of exploration firms. Great Southern Copper is currently pre-revenue, with widening losses and continued negative free cash flow, although it reports no debt on its balance sheet. Technical indicators are mixed to weak, with the share price trading below the 20-day moving average and momentum indicators relatively subdued. Valuation metrics are also limited due to the absence of earnings and dividend yield data.

More about Great Southern Copper PLC

Great Southern Copper is a London-listed exploration company focused on identifying and advancing copper, gold, and silver deposits in Chile. Its main activities centre on the Especularita Project, which includes the Cerro Negro prospect and the historic Mostaza mine area. The company is targeting structurally controlled, near-surface mineral systems that benefit from proximity to established mining infrastructure.

GSK plc (LSE:GSK) has agreed to grant Alfasigma S.p.A. worldwide exclusive rights to develop, manufacture and commercialise linerixibat, an investigational therapy being studied for cholestatic pruritus in patients with primary biliary cholangitis (PBC).

Linerixibat is an ileal bile acid transporter (IBAT) inhibitor currently undergoing regulatory review across several markets, including the United States, the European Union, the United Kingdom, China and Canada. The treatment has received Orphan Drug Designation in the US, EU and Japan, while regulators in China have granted it priority review status for the same indication.

Under the terms of the agreement, GSK will receive an upfront payment of $300m from the Italian pharmaceutical company, with an additional $100m payable upon approval from the US Food and Drug Administration. The FDA’s target decision date under the Prescription Drug User Fee Act (PDUFA) is set for 24 March.

GSK may also receive a further $20m following approvals in the EU and UK, along with up to $270m in additional milestone payments tied to sales performance. In addition, the company will receive tiered double-digit royalties on global net sales of the drug.

Tony Wood, GSK’s Chief Scientific Officer, said the agreement enables the company to concentrate resources on treatments targeting chronic liver diseases such as chronic hepatitis B, metabolic dysfunction-associated steatohepatitis (MASH) and alcohol-related liver disease (ALD), conditions that collectively account for around two million deaths each year.

Regulatory submissions for linerixibat are supported by data from the Phase III GLISTEN trial, which met its primary and key secondary endpoints. The study demonstrated a rapid and sustained reduction in cholestatic pruritus, as well as improvements in sleep disruption related to itching, compared with placebo.

The drug’s safety profile was reported to be consistent with earlier clinical studies and with the expected mechanism of IBAT inhibition. Linerixibat has not yet been approved for use in any market.

KEFI Gold and Copper (LSE:KEFI) has announced further progress toward developing the Tulu Kapi gold project in Ethiopia, including the award of an engineering, supply and labour hire contract to Lycopodium.

The company said the appointment supports its development timetable, which targets first gold production in early 2028 and full-scale output by mid-2028. KEFI also confirmed that major project agreements, including loan facilities, have been finalised and are largely executed, with the remaining documentation expected to be completed in the coming weeks.

Funding progress has also advanced, with commitments secured for approximately US$310m of the project’s US$330m development budget. The company said this level of support demonstrates strong backing from project partners and financiers as the project moves closer to the construction phase.

KEFI highlighted coordinated progress across several key partners involved in the development. Ethiopian Electric Power Company is responsible for grid connection, while the Ethiopian Roads Authority is developing new access routes. Lycopodium will oversee the process plant and infrastructure, Dashen is managing resettlement housing, and BCM is handling bulk earthworks and mining activities.

With the financing and construction arrangements nearing completion, the company said the Tulu Kapi project is transitioning from the planning stage into implementation. This shift is expected to reduce funding risks and strengthen KEFI’s strategy to bring the long-planned Ethiopian gold asset into production.

Despite these operational milestones, the company’s outlook remains constrained by its financial profile as an early-stage developer, including no current revenue, ongoing losses and continued cash burn. Technical indicators are relatively supportive, with the share price trading above key moving averages and a positive MACD reading, although valuation metrics remain limited due to negative earnings and the absence of a dividend yield.

More about KEFI Gold and Copper

KEFI Gold and Copper plc is a mining exploration and development company focused on gold and copper assets in emerging markets. Its primary project is the Tulu Kapi gold development in Ethiopia, which is being advanced through its subsidiary Tulu Kapi Gold Mines S.C. The company works with a consortium of international and local contractors, financiers and government stakeholders to develop and operate large-scale precious metals projects.

Phoenix Copper (LSE:PXC) has removed executive chairman Marcus Edwards-Jones and chief financial officer Richard Wilkins following an internal investigation that uncovered undisclosed related-party transactions and unauthorised payments.

The inquiry found that approximately US$1.77m in payments were made between 2016 and 2025 to Lloyd Edwards-Jones S.A.S., a company owned and directed by Edwards-Jones, without the knowledge or approval of the board. The investigation also concluded that Wilkins shared in the proceeds. According to the company, these payments should have been disclosed as related-party transactions under market regulations but were not.

In addition, the investigation identified about £0.61m in further unauthorised payments connected to bond financing arrangements, some of which were made despite explicit instructions from the board not to proceed. Phoenix Copper said it intends to pursue recovery of the funds involved, and both former executives have indicated their willingness to cooperate with the process.

To stabilise governance following the findings, independent non-executive director and audit committee chair Catherine Evans has been appointed interim non-executive chair. She is working alongside the chief executive, interim CFO, advisory board and external advisers to strengthen oversight and maintain relationships with stakeholders. The company is also outsourcing its company secretarial services and has informed its auditor, Crowe UK LLP, of the historical transactions. At present, management expects additional related-party disclosures to be required rather than restatements of previous financial statements.

The governance developments come as the company continues to face funding pressures. Phoenix Copper said its current cash resources are expected to cover obligations only until the end of the second quarter of 2026 unless new financing is secured. The company is in discussions to amend a short-term loan facility with Riverfort Global Opportunities and renegotiate terms with Indigo Capital, and plans to update shareholders once these negotiations are concluded.

The group’s outlook remains constrained by weak financial performance, including the absence of revenue, widening losses and increasing cash burn, which heightens the risk of further funding requirements and potential shareholder dilution. Technical indicators are mixed but generally weak, with the share price trading below key moving averages, while valuation metrics remain limited due to negative earnings and the lack of a dividend.

More about Phoenix Copper

Phoenix Copper is an AIM-listed exploration and emerging mining company focused on base and precious metals projects in the United States. Its flagship asset is the Empire Mine in Idaho’s historic Alder Creek mining district, where the company holds an 80% interest and has significantly expanded the open-pit copper, gold and silver resource through drilling since 2017.

The Empire underground mine beneath the proposed open pit has a long history of high-grade production including copper, gold, silver, zinc and tungsten, and the company published its first mineral reserve statement for the open-pit project in 2024. Phoenix Copper also controls several additional historic mines in the district, the Red Star silver-lead discovery, the Navarre Creek gold exploration project, and two cobalt properties within the Idaho Cobalt Belt. The company is listed on AIM in London and also trades on the OTCQX market in New York.

Mony Group PLC (LSE:MONY) has confirmed that its Annual General Meeting will be held on 30 April 2026 in London, while also distributing its Annual Report and Accounts for the financial year ended 31 December 2025 to shareholders.

The company said investors have been sent, or provided with access to, the full set of AGM materials, including the notice of meeting and proxy forms where applicable. In addition, the Annual Report and AGM notice have been filed with the UK’s National Storage Mechanism and made available on the company’s corporate website to ensure compliance with regulatory disclosure requirements.

The announcement marks a routine step in Mony Group’s governance calendar, giving shareholders the opportunity to review the company’s performance during 2025 and participate in votes on key corporate matters at the upcoming meeting. By making the documentation widely accessible through official channels, the group aims to maintain transparency and encourage shareholder engagement.

From an investment perspective, Mony Group’s outlook is supported by strong financial fundamentals, including profitability, low leverage and solid free cash flow generation. The company also appears attractively valued, with a relatively low price-to-earnings ratio and a high dividend yield. However, technical indicators remain weaker, with the share price trading below key moving averages and showing bearish momentum.

More about Mony Group

Mony Group PLC, formerly known as Moneysupermarket.com, operates in the UK’s financial services comparison and digital consumer services market. Through its online platforms, the company enables users to compare and choose financial products such as insurance policies, loans and other personal finance solutions, helping consumers identify more competitive deals and manage their finances more effectively.

Pantheon Resources plc (LSE:PANR) has confirmed that senior non-executive director Linda Havard has stepped down from the board with effect from 5 March 2026 and will not stand for re-election at the company’s upcoming annual general meeting. During her tenure, Havard chaired the Finance, Audit and Risk Committee and played a key role in strengthening the company’s financial governance and reporting framework, contributing to board oversight as Pantheon advances its major development projects in Alaska.

Her departure comes as the company continues to move forward with development plans for its Ahpun and Kodiak projects on Alaska’s North Slope. Both assets hold significant independently certified contingent resources and benefit from proximity to established infrastructure. Pantheon has not yet announced a replacement for the board position, and the change in governance may draw attention from investors given the scale and capital requirements of the company’s planned developments.

The company’s outlook remains constrained by weak financial fundamentals, including recurring losses and negative free cash flow. Technical indicators also point to bearish sentiment, with the share price trading below key moving averages. Valuation metrics offer limited support, as the negative price-to-earnings ratio reflects ongoing unprofitable operations and the company does not currently pay a dividend.

More about Pantheon Resources

Pantheon Resources plc is an AIM-listed oil and gas company focused on developing its wholly owned Ahpun and Kodiak fields on Alaska’s North Slope. The company controls approximately 259,000 acres of state land and reports independently certified contingent recoverable resources of about 1.6 billion barrels of Alaska North Slope crude and 6.6 trillion cubic feet of associated natural gas. Its assets benefit from access to nearby roads and pipeline infrastructure.

Pantheon’s strategy aims to unlock an estimated value of around $5 per barrel of recoverable resources by bringing the Ahpun project to final investment decision and first production through the Trans Alaska Pipeline System. Cash flow from Ahpun is expected to support the future development of Kodiak, while gas resources may be monetised through a precedent agreement with the Alaska Gasline Development Corporation tied to a proposed long-distance pipeline to Southcentral Alaska.