Cannabis stocks surged on Tuesday afternoon following multiple media reports that the US Drug Enforcement Administration will approve the reclassification of marijuana as a lower-risk drug.
The news was first reported by the Associated Press, which cited five people familiar with the matter.
Mr Kipling owner Premier foods (LSE:PFD) is in a positive position to capture some of the US$5 billion cake market in the States, analysts at Deutsche Bank reckon.
In 2020, the food manufacturer reset its international strategy and decided to focus on driving growth through a select number of brands in specific markets.
Endeavour’s announcement that the Sabodala-Massawa BIOX expansion project achieved a first gold pour just two years after construction launch is an important strategic milestone, says broker Stifel.
According to the broker, the mine accounts for roughly a third of NAV and refractory ore represents 41% of reserves, so delivery of the BIOX plant is an important strategic milestone.
UBS has upgraded its financial forecasts for NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) with a rise in revenue and earnings per share (EPS) estimates for calendar year 2025.
The upgraded estimates place NVIDIA's revenue at approximately $175 billion and earnings per share around $41, marking a 20% increase from previous predictions.
Rio Tinto PLC and Glencore PLC (LSE:GLEN) could be eyeing up Anglo American PLC (LSE:AAL) as a potential takeover target following a rejected bid from BHP Group Ltd (LSE:BHP, ASX:BHP), analysts say.
Citing Bloomberg, Jefferies analysts noted the likelihood of other bidders for Anglo-American in a note.
Irn Bru owner AG Barr PLC (LSE:BAG) can expect double-digit profit growth every year from now until 2028, analysts at Deutsche Bank believe.
Adjusted operating profits at the drinks company are expected to rise at a compound annual growth rate of 11% between the current financial year and 2028.