Delta Air Lines Inc (NYSE:DAL) will set the tone for the airline earnings season when it reports this Thursday, though it has qualities that its not all its rivals enjoy to allow it to navigate industry issues better than others, said Bank of America.
Shares in Delta have fallen 12% since a mid-May peak, reflecting "skittishness around domestic capacity", promotional activity and negative guidance revisions from rivals American and Southwest Airlines in recent weeks.
Ofwat‘s Draft Determination (DD) for the water companies for the next five years is published on 11th July, notes Citi and poses a high regulatory risk for the utilities.
DD will be the first regulatory event for the sector under the new Labour government, adds the bak, whose leaders (Keir Starmer PM and Steve Reed DEFRA) have made no secret of their desire to put the sector into "special measures".
Jet2 PLC (AIM:JET2) share price has run into a bout of turbulence recently with Ryanair’s caution about forward demand knocking its rivals and what the UK carrier says about forward booking will be the focus I this Thursday’s (11 July) results.
UBS expects full-year revenues of £6.5bn (FY23: c£5bn), underlying profit [Ebit] of c£435m (FY 23: £394m) and net income of £401m (2023: £291m).
An Insurance Insider report that Hiscox Ltd (LSE:HSX) has received bid approaches from Generali and Sompo should come as no surprise, analysts at Deutsche Bank suggest.
“Regardless of whether this turns out to be substantiated or not, we are not surprised by the emergence of M&A speculation within the sub-sector,” analysts at the German bank said.
Shares in mid-cap recruiter PageGroup PLC (LSE:PAGE) have moved steadily lower as a result of a grim financial outlook.
Its 12% second-quarter earnings nosedive was largely telegraphed and came as little shock to the market, but the recruiter’s expectations of profits halving by year-end caused a stir.
It was an odd day turn positive on the retail sector given the latest monthly sector data undershot expectations - ostensibly because of the poor summer to date.
However, Deutsche Bank decided the time was right to go on the front foot with a review of Britain's listed shopkeepers that included a slew of recommendation upgrades.
Seeing Machines Ltd's (AIM:SEE, OTC:SEEMF) collaboration with French car parts giant Valeo will boost the former's artificial intelligence and machine learning capabilities.
That's according to City broker Peel Hunt, which repeated its 'buy' recommendation and 12p price target for stock in the UK eye-tracking specialist, whose technology is quickly becoming the standard for in-car safety.
Shell PLC (LSE:SHEL, NYSE:SHEL) is ‘a buy’ and BP PLC (LSE:BP.) is ‘a sell’, that’s according to analysts at JP Morgan, who also see upside to the crude oil price in the near term.
The price of oil is heading toward $90 per barrel, the American investment bank also told investors in a wide-ranging sector note.