Close Brothers Group PLC (LSE:CBG) shares have been hit hard by the FCA motor finance review but rallied today on a bullish write-up from Deutsche Bank, which sees ‘considerable value’ at this level.
“We expect the outcome of the FCA motor finance review to be manageable; capital to remain within range; ROTEs to trend higher; and the discount to eventually unwind,” said the bank.
Direct Line Insurance Group PLC's (LSE:DLG) capital markets day on Wednesday, July 10, will see a focus on three areas according to UBS, with dividends likely to be central to the discussion.
“We anticipate a progressive dividend strategy and target a c. 80% dividend payout ratio by 2026E of which we assume a 30% special regular payout to offer flexibility,” said analysts.
“If election pledges turn into policy, today is more than just a new day in housebuilding, it is the dawning of a new age,” analysts at RBC, one of Canada's largest banks, have declared.
“In the next 100 days we are likely to see the reinstatement of housing targets, the refining of greenbelt and the reform of planning, and by the end of the year the newest version of Labour may have announced a new generation of new towns,” they said.
Next Thursday, UK water companies will hear from the regulator how much they can raise prices over the next five years and what level of dividends they can pay.
There are expectations that when it announces the ‘draft determination’ for the UK water industry on 11 July, Ofwat wants to allow a handful of the most debt-laden utilities, like Thames Water, to pay lower potential fines for sewage dumping to allow time for them to “recover”.
Taxation has become a critical factor for the gambling industry in the United States, impacting operators' profitability and market strategies.
According to a recent note from Berenberg, the introduction of progressive tax rates in Illinois has underscored the significant cost burden that taxes impose on gambling companies.