Zinc Media Group projects strong FY25 financial performance with significant revenue and EBITDA growth, while Ocado Group strengthened its balance sheet by fully redeeming outstanding convertible bonds. In shareholder activity, Frasers Group significantly reduced its stake in THG, even as THG founder CEO Matthew Moulding confirmed his equity interest now stands at approximately 25% on a fully diluted basis, and a National Grid PDMR completed a noteworthy share sale. Elsewhere, Great Southern Copper reported high-grade drilling results, Aterian announced an AI-led joint venture for critical mineral exploration, Team extended key loan notes, and BP confirmed the sterling equivalent of its Q3 dividend.
Zinc Media Group ZIN announced a positive pre-close trading update for the year ending 31 December 2025, anticipating robust financial growth. The award-winning television and content production group projects revenue of at least £41 million and Adjusted EBITDA of not less than £1.9 million, representing a 27% increase in both metrics year-on-year. This performance reflects strong commission momentum and successful strategic initiatives, including the monetisation of intellectual property, diversification into entertainment, and expansion within the Middle East, notably with new offices in Saudi Arabia and Qatar.
Frasers Group, a prominent retailer, has significantly reduced its shareholding in e-commerce and technology company THG THG. Its voting rights decreased from 12.609% to 10.773834% as of 8 December 2025. This move by a major institutional investor could indicate a shift in confidence or a strategic portfolio adjustment for the retail and e-commerce group.
A significant transaction was reported at Lloyds Banking Group, where PDMR Jayne Opperman sold 688,578 ordinary shares. The shares were offloaded at a price of 95.30 pence each, equating to a total value of approximately £656,000. Although the bank noted that Ms Opperman continues to meet its shareholding policy requirements, large insider sales typically attract investor attention regarding executive confidence.
Energy giant BP BP. has confirmed the sterling amount for its third quarter 2025 interim dividend. Shareholders will receive 6.2394 pence per ordinary share, converted from the announced US$0.0832 per share. The payment is scheduled for 19 December 2025, following a conversion rate based on market exchange rates from early December.
Ocado Group OCDO has announced the full redemption of its outstanding 0.875% Guaranteed Senior Unsecured Convertible Bonds, which matured on 9 December 2025. The company repaid the aggregate principal amount of £55.8 million, along with any accrued but unpaid interest. This action cancels the bonds, leaving no outstanding series in this category and marking a notable deleveraging event for the online grocery technology provider.
Great Southern Copper GSCU released its interim results for the six months ended 30 September 2025, revealing promising exploration outcomes. The company's maiden Phase I drilling program at the Mostaza mine in Chile yielded high-grade assay results, including up to 16.15% copper and 646 grammes per tonne silver. These findings, along with extended mineralised strike, underscore the project's significant potential for copper-gold-silver discovery.
Aterian ATN has entered into a strategic, AI-led joint venture with Paris-based Lithosquare SAS, aimed at accelerating critical mineral exploration. The partnership involves a €1.4 million fully funded exploration program targeting Aterian's copper and critical mineral projects in Morocco and Botswana. This collaboration leverages Lithosquare's advanced AI and data science to rapidly identify high-value targets, with potential for Lithosquare to earn a net smelter return and up to 49.9% equity contingent on exploration success.
Wealth and asset management group Team TEAM has successfully extended the maturity of its unsecured 12% loan notes. The loan notes, currently valued at £1.36 million, will now mature on 31 December 2026, having been approved by the holders. Furthermore, the total principal amount available under the loan note instrument has been increased to £1.5 million, providing the company with additional financial capacity.
THG THG has provided an update on founder CEO Matthew Moulding's equity interest following the conversion of a convertible loan. Moulding's stake now totals approximately 25% on a fully diluted basis, encompassing 307,682,946 ordinary voting shares and 122,190,088 unlisted ordinary shares. This notification highlights the significant and long-term commitment of a key figure to the company's capital structure.