Lyft Inc (NASDAQ:LYFT) shares rallied over 31% on Wednesday, but was it a result of better-than-expected earnings or the leftovers from an accounting error-led bounce?
Margin growth may not be surging tenfold in 2024, but the outlook on riding-hailing firm Lyft is rosy regardless.
Deliveroo PLC (LSE:ROO)’s share price may be a third of what it was since its infamous March 2021 initial public offering, but this a still too pricey, reckon Shore Capital Markets analysts.
Several factors are challenging the food delivery giant's financial outlook, notably driver wage pressure, the margin impact of expanding into grocery deliveries, and the necessity of heightened promotional activities.
City analysts were impressed by ATOME Energy PLC (AIM:ATOM)’s progress in its proposed green fertiliser project in Costa Rica, where it has now entered into a collaboration agreement to advance feasibility work.
The company told investors that it will work with the Instituto Costarricense de Electricidad (ICE) to evaluate the feasibility of supplying the project power from 100% renewable sources.
Bloomsbury Publishing PLC (LSE:BMY)’s second profit upgrade in a matter of months could just be the beginning of an epic journey fuelled by further novel releases, analysts say.
The London-listed publisher told investors on Wednesday that profit and revenue for the year to February 29 would “significantly” beat expectations of £291.4 million and £37.2 million respectively.
January’s slightly lower-than-expected inflation provides “a little bit to love” for the Bank of England in determining when base interest could finally be cut, analysts say.
Prices grew by 4% in January, the ONS revealed on Wednesday, in line with December’s inflation and below market expectations of a 4.2% jump.
Shares in Ryanair Holdings PLC (LSE:RYA) (Ryanair Holdings PLC (LSE:RYA)), easyJet PLC and Wizz Air Holdings PLC (AIM:WIZZ) (Wizz Air Holdings PLC (AIM:WIZZ)) edged higher on Wednesday morning following sweeping upgrades from Deutsche Bank.
Wizz Air was granted a ‘hold’ rating by Deutsche in a Wednesday morning note, up from a ‘sell’ rating previously.