The US Federal Reserve is only likely to cut interest rates once in 2024, in December, economists at UBS forecast, lowering expectations from its previous prediction, though counterparts at Goldman Sachs still expect two cuts.
Yesterday's Federal Open Market Committee (FOMC) meeting's summary of economic projections, SEP or 'dot plot' as it is better known, was decisive in pointing to only one 25 basis point rate cut in 2024.
Halma made good progress in its latest year said broker Shore Capital, with record revenue/profit for the 21st consecutive year.
Importantly, Halma continues to see good organic momentum and has made a positive start to the current year with a strong order book (Shore Cap believes 8-10+ weeks/visibility).
Rentokil’s recovery might be fast-tracked following the appearance on the share register of US billionaire Nelson Peltz, suggest analysts at US bank Jefferies.
The bank was already keen on the pest control group due to earnings upside from synergies and the underlying earnings power of the combined Rentokil/Terminix business, improving momentum and material valuation upside as integration risk falls.
It has been a roller-coaster day for investors in Wise after shares in the payments group dived more than 20% in early deals after it sounded the earnings alarm.
Some semblance of order was restored later in the day as analysts began to run below consensus 2025 numbers provided as guidance by the payment group.
Interest in BiVictriX Therapeutics PLC's (AIM:BVX, OTC:BVTXF) product and platform are 'high', said broker Panmure Gordon in a note covering preclinical safety data from the company's lead asset.
BVX001, a next-generation treatment called an antibody drug conjugate (ADC), is designed to target acute myeloid leukaemia (AML) more precisely and effectively than the current standard of care while reducing harmful side effects.
JP Morgan has revised its outlook on the European airline industry, highlighting significant capacity growth and a mixed outlook for network carriers.
Among the long-haul groups, the investment bank is a fan of International Consolidated Airlines Group SA (LSE:IAG) - reflected by its 'overweight' recommendation - while it is 'underweight' both Air France-KLM and Lufthansa.
Deutsche Bank has upgraded its rating for Frontier Developments PLC (AIM:FDEV) to 'hold' from 'sell' increasing its price target 100p to 300p.
The change is driven by Frontier's strong performance in the second half of fiscal year 2024.
Jefferies has upgraded its recommendation for Great Portland Estates Plc (LSE:GPOR) from "underperform" to "hold" while it tweaked down its price target by 10p to 300p share (although as we'll see this was purely technical and represented an upgrade).
This upgrade comes after Great Portland Estates (LSE:GPOR) (GPE) completed a £350 million rights issue aimed at acquiring high-quality office properties in the West End market.
RBC Capital Markets has revised its price target for Barclays PLC (LSE:BARC), reducing it from 260 pence to 250 pence citing a combination the investment banking exerting a drag along with higher expenses.
Despite this reduction, RBC maintains its "outperform" rating for Barclays, reflecting confidence in the bank's long-term prospects.