Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF)’s successful drilling of the Andrews 1-17 well in Oklahoma adds another feather to the AIM-listed group’s cap, reckon Shore Capital Markets analysts.
“Whilst we will obviously look forward to a further update once testing has concluded and well deliverability has been assessed, we agree that this is a strong update from Union Jack today, confirming a very encouraging start to the company’s US drilling campaign in partnership with operator Reach Oil & Gas,” they said.
Although European airlines are "complaining vociferously" about capacity shortages, this is actually underpinning favourable revenue per passenger for airlines, says Barclays, with easyJet PLC (LSE:EZJ) one of the best positioned.
The capacity shortage is real, the bank acknowledged, with a shortage of aircraft capacity as Airbus and Boeing delivery programs recover slowly from the pandemic, while certification timings of key new aircraft are delayed, and others are hit by issues for Pratt & Whitney's GTF engine.
The launch of "zero-fee" trading broker Robinhood's in the UK last month is seen as "another headwind" for Hargreaves Lansdown PLC's (LSE:HL.) market share, leading UBS to reiterate a 'sell' rating on the shares.
Fees at the Bristol-headquartered investment platform are high, UBS analysts noted, with platform fees at 0.45% versus peers 0.15-0.25%, stockbroking fees at just under £12 compared to peers at £5-7.
easyJet has received an upgrade from UBS ahead of the airline’s first-half trading update on 18 April.
Jet kerosene price rises have lagged crude oil rises, although easyJet has hedged 55% of its second-half fuel requirement and might have increased that again to 70-80%.
Inspired PLC (AIM:INSE)’s recent results were ahead of forecasts, according to house broker Liberum, which highlights four points to note going forward.
First, the business has evolved from a Third-Party Intermediary (TPI) in the energy market to a technology-enabled services provider.
Investors are severely overestimating Arm Holdings PLC (NASDAQ:ARM)’s equity story and placing too high a premium on the British microchip designer’s artificial intelligence exposure, reckon Morningstar analysts.
Since going public last September for the second time in its lifetime, this time in New York in a snub to London, Arm’s share price has more than doubled.
Gold’s all-time high may be getting the headlines right now, but silver is also benefiting from the precious metals rally, having just hit a five-year high against the pound.
Spot silver prices are currently sitting at a little over £22 per ounce, with dollar-denominated prices at $27.77, nearing the $29.10 five-year high seen in early 2021.