Royal Mail owner, International Distribution Services, has delivered for investors today, rising more than 10% after analysts at Bank of America upgraded to ‘buy’ from ‘ neutral.’
“We are encouraged by turnaround progress at Royal Mail (RM) and how the new CEO is putting his stamp on operations – we see upside to consensus estimates,” BofA said.
Nielsen grocery data for the four and half weeks to 2 December starkly reveals the share winners & losers in the sector, says broker Shore Capital.
The winners are the German discount chains, Marks & Spencer/Ocado Retail, Sainsbury's and Tesco UK, says Shore while the often over-leveraged are in the losing camp with Iceland rock bottom.
HSBC Holdings PLC (LSE:HSBA) is going to pay out handsome amounts to shareholders for the next few years at least, according to the analysts at US peer Bank of America.
BofA sees scope for US$23 billion shareholder payouts this year (2023) from HSBC, normalising to US$16 billion in the following 12 months, which is still the equivalent of an 11% ongoing yield.
Polar Capital Technology Trust PLC (LSE:PCT) in the first half of the year showed that it "rotated decisively" towards artificial intelligence (AI) as a primary investment theme.
The FTSE 250-listed tech trust exited interest rate-sensitive sectors like fintech and alternative energy, and in markets affected by rising interest rates, such as electric vehicles.