NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) is anticipated to report strong first-quarter earnings on Wednesday, with Barclays indicating potential upward revisions based on recent research.
“All signs point to another revision higher,” said analysts, noting that Asia checks suggest a nearly 10% upside in graphics processing unit sales in the quarter (increasing to over 20% for the quarter ahead as capacity expands).
Direct Line Insurance Group PLC (LSE:DLG) has received backing from Panmure brokers on scope for further price increases ahead and after boardroom changes.
New chief executive Adam Winslow announced Lucy Johnson as the group’s motor insurance managing director earlier this month, alongside Dhruv Gahlau as strategy chief.
AFC Energy's agreement to supply S-Series fuel cell stack modules to Niftylift should lead to more, similar agreements in the future, says broker Peel Hunt.
Product categories such as outdoor lighting rigs, cranes, and other non-road mobile machinery all look like potential uses for the stacks, it adds.
Whitbread, the Premier Inn owner, has held on to its buy rating and price target at Jefferies even though the US bank notes that industry hotel data in April for Economy and Midscale was disappointing.
Easter should have provided a tailwind to growth but UK RevPAR [revenue per room] declined 4.1% year-on-year, driven by pricing and against the toughest comparisons vs 2019.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) has been hit with a downgrade from US bank Citi after a 27% rally over the past year has eroded its deep valuation discount.
Citi adds that it still has Chinese macro concerns and despite incentive measures from the government there, there is still little support for steel demand all the property indicators are still in deep contraction.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) new well in Morocco promises to de-risk and unlock other similar nearby projects, stockbroker Panmure Gordon highlighted following the start of drilling.
This morning, in a statement, Chariot confirmed the start of drilling on the OBA-1 well, on the Dartois prospect located in the Loukos Onshore licence.
Asda Stores Ltd is expected to prioritise the reduction of its debt pile over the growth of its sales and market share, analysts at Shore Capital believe.
Sales at the supermarket lifted by 1.4% on a like-for-like basis during the first quarter of 2024, a figure which is “relatively poor”, according to analysts at the London broker.
NatWest Group PLC (LSE:NWG) has rallied over the year despite the government selling off its stake in the bank, leaving shares in fair value territory, Shore Capital analysts believe.
A ‘buy’ rating was downgraded to a ‘hold’ by Shore Cap as a result, following the 45% increase in NatWest stock since January.
Trainline PLC (LSE:TRN) could see its valuation expand if it is able to successfully execute its expansion into European markets, analysts at Deutsche Bank believe.
Gareth Davies at the German Bank issued the train ticket provider a “buy” rating in his most recent research note, citing the expansion into Spain, Italy, Germany and France as a key driving force.
Shares of Faron Pharmaceuticals Limited (AIM:FARN) surged 13% following positive initial results from phase II of its BEXMAB trial.
The trial focuses on treating myelodysplastic syndrome (MDS) patients who have failed hypomethylating agent (HMA) therapy.
Shares of Arecor Therapeutics PLC (AIM:AREC) surged 11% in early trading following impressive phase I trial results for its ultra-concentrated, ultra-rapid-acting insulin, AT278.
The study, focusing on overweight and obese individuals with Type 2 diabetes, showed AT278's superior absorption and glucose-lowering effects compared to NovoRapid and Humulin R U-500.
Keywords Studios PLC (AIM:KWS, OTC:KYYWF) saw its shares jump 62% in early trading after confirming a £2.2 billion bid approach from EQT Group.
The proposed deal, which offers £22.50 per share, represents a more than 50% premium to Keywords' last closing price. Shareholders would also receive a final dividend payment if the acquisition proceeds.