Apple Inc (NASDAQ:AAPL, ETR:APC) looks set to open its doors to a suite of new ‘exciting’ possibilities through a partnership with OpenAI, Bank of America analysts say.
“Real-time language translation, narration, ability to tutor,” were among a “plethora” of products that the bank noted may be made possible through such a deal.
Babcock International PLC (LSE:BAB) was a strong riser on Tuesday as confirmation of a new Royal Marine ship contract coincided with an upgrade from Citi.
Mid-term guidance from the firm looks conservative, said the US bank.
Major restructuring plans unveiled by Anglo American PLC (LSE:AAL) today do not seem to have overly impressed investors, with the shares falling 1%.
A day after rejecting a second £34 billion approach from larger Aussie rival BHP, the FTSE 100 listed mining group said it would sell its coking coal unit, emerge or divest De Beers and Anglo Platinum, put nickel on care and maintenance or divest it.
Bluefield Solar Income Fund (LSE:BSIF) published its first-quarter net asset value update, which provided more evidence for broker Stifel that the shares "offer some value and a decent yield" with the fund offering more protection from falling power prices than other funds.
The latest NAV was 133.9p, down 1.5% from the end of December, primarily due to the latest dividend payment, with little impact from power prices due to the high level of forward sales.
Citi analysts have reiterated their buy rating on FTSE 250-listed car dealership Inchcape PLC (LSE:INCH) shares in a brief broker note.
“We believe Inchcape has a unique consolidation opportunity within the automotive distribution market,” said Citi, noting that the company secured 15 new contracts and three M&A transactions in 2023.
Britvic PLC (LSE:BVIC), the soft drinks company, is likely to announce a new buyback on Wednesday when it reports its interims, analysts reckon.
Citibank analysts believe that following a positive set of first-quarter results, which highlighted robust volumes, the group is likely to post a profit beat for the half year.
B&Q owner Kingfisher plc’s first-quarter trading update is expected to “outline on-track performance supported by broadly resilient demand trends in the UK and Poland and ongoing weakness in France”, according to Citi analysts.
Citi expects to hear more about the restructuring efforts in France, which fellow analysts at Barclays recently said is “welcome, but may take some time”.