Barclays is suffering from the market’s scepticism that the bank can grow its investment bank’s revenue sufficiently to hit its returns target by 2026.
But with recent clarity on capital pointing to more than £11 billion being handed back by 2026, US bank Jefferies believes that a greater sense of urgency has become apparent recently, which might prove the sceptics wrong.
Caldonia has had a buy rating reinstated by house broker Liberum after the gold miner quantified the impact of the one-off charges at is Bilboes development in Zimbabwe.
Reassuringly, added Liberum, the group’s 64%-owned Blanket mine has had a strong start to
New Legal & General Group PLC (LSE:LGEN) chief executive Antonio Simoes is likely to emphasise the insurer’s retail and asset management arms at a scheduled City presentation in the summer, analysts at UBS predict.
The capital markets day in June is likely to come with a new approach to capital management and consequent implications for shareholder returns, they suggested, specifically around continued growth of the dividend.
'Right strategy, wrong price'. That's the headline from a research note penned by American investment bank Stifel on Ithaca Energy PLC (LSE:ITH)'s proposed acquisition of North Sea assets from Italian oil giant ENI for an estimated $1.1 billion.
Restating its 'hold' rating, Stifel has pegged back its price target by 17p to 140p a share. In late morning trading the stock was off 3.4% at 128.46p.
Shore Capital has upgraded its investment recommendation on Frontier Developments PLC (AIM:FDEV), the video games maker, from 'hold' to 'buy'.
This change of stance comes on the back of promising developments within the company's game portfolio, notably the successful launch of Planet Zoo's console edition (PZ CE) and the sale of publishing rights for RollerCoaster Tycoon 3 to Atari announced earlier on Tuesday.