Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF)’s third-quarter results and operational update provided “early evidence of the transformational potential of the Cascadura field”, Cavendish analysts said in a research note published on Wednesday.
Though Cascadura only came on stream late in the quarter and commissioning activity is still being finalised, it still drove record quarterly volumes and higher revenue, netbacks and cash flow, noted analysts.
AFC Energy PLC (AIM:AFC, OTC:AFGYF)’s recently announced joint venture with Speedy Hire PLC (LSE:SDY) has the potential to lead to improved full-year financial results in 2024, reckon Peel Hunt analysts.
Called Speedy Hydrogen Solutions, the 50-50 joint venture will purchase £2 million worth of 30-kilowatt fuel cell generators from AFC to be delivered through the first six months of 2024, with the intention to increase orders up to £4.7 million across the first full contract year.
Electric vehicles have an Achilles heel: the nickel content in car batteries.
Analysts warn that the nickel in two-thirds of electric-vehicle batteries threatens to undermine the ‘green’ credentials of the cars due to deforestation.
Vodafone Group PLC (LSE:VOD) is currently navigating through a phase of strategic growth and operational adjustments. A recent research note from Barclays Capital sheds light on the company's financial health and prospects, offering valuable insights for investors and market watchers.
The core of Vodafone's strategy, as outlined by Barclays, revolves around a rebound in growth, particularly in service revenues and EBITDA (earnings before interest, taxes, depreciation, and amortization) by the financial year 2025 (FY25e).
Glencore PLC (LSE:GLEN), the FTSE 100 commodities group, on Tuesday announced its plan to acquire a majority stake in the coal business of Teck Resources Ltd (TSX:TECK.B), a Canadian mining company.
This transaction, valued at just a smidge under US$7 billion, marks a pivotal moment for both entities, with far-reaching implications for the industry.
Wise PLC (LSE:WISE) has a “compelling and sticky customer proposition” and “outstanding” momentum, reckon Barclays PLC (LSE:BARC) analysts.
A bullish statement tempered by an admission that the cross-border payments disruptor’s net interest income money-printing machine will not last forever.
Babcock International PLC (LSE:BAB), a FTSE 250-listed defence company, is trading at a discount relative to its peer group in the defence sector, according to analysts.
The discount has prompted analysts at stockbroker Peel Hunt to upgrade their rating of the company and the expectations for where its share price would be fairly priced.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) was upgraded to 'buy' from 'hold' by broker Liberum after the company rejected a conditional offer put forward by major shareholder Assore.
The offer, of 33p per share, was made last week and was the second identically-priced offer made in the past two months, the company revealed, with the relationship with Assore said to remain “supportive and constructive”.
After Rolls-Royce Holdings PLC (LSE:RR.) faced some tough talk about problems with its engines from major airline customer Emirates yesterday, analysts at Citigroup said the comments were likely to have been part of "commercial negotiation".
Emirates boss Tim Clark was quoted as saying the Trent XWB-97 engine for the Airbus A350-1000 is "defective" and that Emirates will not be ordering the aircraft until the engines are fixed, upon which he would order 50 of the aircraft.
After the week Royal Mail has had, shareholders in its parent company International Distributions Services PLC (LSE:IDS) might agree with analysts that the time is nigh to sell up.
That is the view of analysts at investment bank and brokerage Liberum Capital.
After Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) provided an exploration update for the Rupice Northwest deposit at the Vares silver project in Bosnia & Herzegovina, broker Stifel said the results indicate the area could be an important element of production in the early years of operation.
Drilling at the area contributed to a significant upgrade to the mineral resource estimate in July and further encouraging results in August prompted management to expand and accelerate programmes, analysts noted.
Imperial Brands PLC (LSE:IMB)'s results showed again it is very good at selling cigarettes but maybe not next-generation products, says Jefferies.
The full-year numbers were “decent”, especially organic earnings growth of 3.9% and the 5% target for this year, the bank added.
Compass Group PLC (LSE:CPG) has been upgraded by Deutsche Bank, which rates the FTSE 100 group as the reference business model in the contract catering sector.
Before the pandemic disruption, topline sales growth was 5.1% on average between 2012 and 2019, while underlying profit margins (EBIT) at 7.1-7.4% were the highest across the sector.