Anheuser-Busch InBev (NYSE:BUD) (ABI) stock moved higher on Monday after the beer maker was upgraded by UBS analysts.
ABI closed 2.9% higher just shy of $61.
Gold prices are expected to surge in the next 12 to 18 months and reach $3,000 per ounce, analysts at the Bank of America predict.
The analysts, however, noted that current market flows do not necessarily support this price point, which hinges on increased non-commercial demand, which currently supports an average price of $2,200 per ounce in the year-to-date.
The THG PLC update and its new Frasers partnership could be important for both sides, said analysts.
Following the news of the tie-up this morning, Liberum analyst Wayne Brown said "things continue to head in the right direction" for THG, while Dan Coatsworth, analyst at AJ Bell, said the Frasers-THG deal could be "strategically important" for Mike Ashley’s empire.
Prudential PLC's (LSE:PRU) announcement of a new shareholder capital returns policy today was larger and earlier than some analysts had been expecting, though it was leaked to media over the weekend.
The FTSE 100-listed life insurer launched the new policy with a $2 billion share buyback, 8% of market cap, to be completed by mid-2026, with an initial $700m share buyback tranche beginning today.
Legal & General Group PLC (LSE:LGEN) has had a lower price target repeated by analysts at Deutsche Bank, seemingly for those who might have missed it the first time.
Deutsche first cut is target to 275p from 300p on 18Th June, due to a reduction in total EPS forecasts by 6% across 2024-2026.
Carlsberg is preparing an improved, third bid for Britvic PLC (LSE:BVIC), local reports have indicated, despite the negative share price reaction last week and scepticism from analysts.
Today the FTSE 250 drinks group's shares have hit a new all-time high of 1,214p, which is still below the 1,250p per share offer price from Friday.
Vodafone might have exited its most difficult markets in Italy and Spain, but that does not make the investment picture much more appealing, according to analysts at Berenberg.
What is left is a hotch-potch of interests that would never be drawn up on a blank piece of paper, says the broker, but instead one that is a product of its history.
Shares in Supreme PLC (AIM:SUP) rose after it announced it was acquiring Clearly Drinks for £15 million in a deal that adds 'diversity' to the former's earnings.
Clearly, founded in 1885, manufactures and bottles spring water and soft drinks in cans, glass, and plastic bottles.