Marks and Spencer Group PLC (LSE:MKS)'s share price rose by almost 10% on Wednesday after the stalwart of the UK high street said it would reinstate a shareholder dividend on the back of steady sales growth.
The market responded positively to the retailer’s group financial results for the first six months of fiscal 2024, though M&S warned that despite the strong start to the year its sales could be front ended.
The new Trident Royalties PLC (AIM:TRR, OTCQX:TDTRF) royalty agreement announced on Wednesday with New World Resources (ASX:NWC) has "attractive economics" that led analysts at Stifel to immediately increase their share price target.
Under the deal, Trident will pay A$11 million cash for a 0.90% NSR over the Antler project area and a 0.45% NSR over any ground subsequently acquired within five kilometres.
Union Jack Oil confirmed this morning that the Wressle-1 well has been brought back into production following the installation of a downhole jet pump, notes Shore Capital.
Flow rates in excess of 950 barrels per day have been recorded, with the well now on continuous 24-hour production and still cleaning up.
Rolls-Royce Holdings PLC (LSE:RR.)’s cash flow potential is “significantly mispriced”, with further upside potential following strong engine flying activity in the second half.
That is the view of Morgan Stanley (NYSE:MS), which upgraded the aerospace and engineering firm to 'overweight' from 'equal weight' and set a 275p price target, up from 166p.