Apple Inc (NASDAQ:AAPL, ETR:APC) is doubling down on its China strategy at a key moment for the iPhone maker with CEO Tim Cook's visit, analysts at Wedbush believe.
“The narrative around Apple and [CEO Tim] Cook over the past year has been around diversifying the supply chain outside of China with geopolitical tensions the black cloud over [Apple headquarters] Cupertino,” they wrote.
Boeing Co (NYSE:BA, ETR:BCO) investors, flight passengers and those involved in the wider aerospace industry should view its latest change of leadership as a positive, analysts at Bank of America believe.
On Monday, Boeing CEO Dave Calhoun said he will leave at the end of the year, while chairman Larry Kellner will be replaced by Steve Mollenkopf and won’t stand for re-election.
Analysts have found that food price increases have not been the major cause of rising costs for consumers, with shrinkflation not as prevalent as some suggest.
Jefferies, the US bank, analysed research which found that real-term spending on food and beverages grew by 33% from the fourth quarter in 2019 to the same period in 2023.
Barclays has maintained a positive view of Kingfisher PLC (LSE:KGF) shares despite the B&Q owner posting substantially lower revenues and earnings in the 2023 financial year.
The FTSE 100 group’s pre-tax profit fell 22.3% to £475 million with like-for-like sales decreasing 3.1% year-over-year to just under £13 billion.
Carnival Corp (NYSE:CCL), the cruise operator, may see its first quarter profits come in lower than analysts initially expected as fuel costs surge and journeys in the Red Sea are rerouted.
Analysts at Jefferies expect underlying earnings to reach US$840 million in the first quarter, down from prior estimates of US$890 million.
Sluggish demand for electric vehicles in Europe may hinder efforts to meet 2030 targets, Citigroup analysts have warned.
As per the bank, EV’s are likely to make up just 18% of vehicles on the road in 2025, stretching to 40% in 2030.
Shares in Direct Line Insurance Group PLC (LSE:DLG) fell 12% after Belgian bidder Ageas dropped its interest in the UK car cover group.
In the wake of the news, Citi reiterated its 'neutral' recommendation with a price target of £2.08, following a review of the company's financial outlook following Ageas' departure from the scene. The analysis also comes in the wake of Direct Line's fiscal year 2023 results and its updated guidance for 2026.
Shares in Incathera PLC shot up 70% in early trading after the developer of skin care products revealed its deal with Switzerland's Marionnaud is ramping up faster than anticipated.
Its first order has been doubled, while it expects to bank £10m in sales next year and £33m the year after as a result of the tie-up.