How big a lift will Euro 2024 give ITV PLC (LSE:ITV)?
A sizeable one, if the numbers being crunched by Deutsche Bank are a guide.
Diversified Energy Company PLC's (LSE:DEC, NYSE:DEC) latest asset acquisition in Texas looks like a high-quality and well-priced addition, according to analysts at Peel Hunt.
The broker, following today’s deal news, repeated a ‘buy’ recommendation for the London and NYSE-listed American oil and gas company.
Investors in Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) have been told to expect further progress and expansion in the United States in the coming months.
Shore Capital, the UK stockbroker that’s the ‘house broker’ for Union Jack, today issued a note following the spudding of Union Jack’s second well in Oklahoma.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) has driven such a large part the stock market's gains this year than analysts are warning investors about the risk of a highly concentrated market and investment portfolio.
The S&P 500 index is having its longest winning streak since November, though the headline index has outperformed the equal-weighted S&P 500 by 10%, which is the widest margin since the 1990s, notes Kathleen Brooks, research director at XTB.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) has netted a double upgrade from Morgan Stanley (NYSE:MS), with the bank flipping its share price rating from 'underweight' to 'overweight'.
Morgan Stanley (NYSE:MS) analysts highlighted that IAG’s capacity growth “looks increasingly supportive” to pricing in the near and medium term.
Citi said it had taken a 'more constructive view' on the outlook for Next PLC (LSE:NXT) as upgraded its call on shares in the retailer citing an improving economic backdrop and the clothing retailer's surplus cash for the change of heart.
Moving to 'neutral' from 'sell', the American investment bank told investors: "We believe Next is well placed to benefit from a more positive UK consumer environment, with real wages now positive for three quarters and improving consumer confidence."
After a 36% crash in their value on Tuesday, shares in drugmaker Indivior PLC (LSE:INDV) were on firmer footing in afternoon trading Wednesday.
And, it seems, that at least one leading investment bank is keeping the faith with the group, which specialises in the treatment of addiction and mental illness.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) latest production underlines the sustainability of the Blanket gold mine in Zimbabwe following the uncharacteristic issues of 2023, says house broker Liberum.
First half output of 37,800oz (33,500oz) exceeded Caledonia’s expectations with the guidance of 74-78,000 oz for the full year maintained.
Quadrise PLC (AIM:QED) announcement that it is continuing to work with MSC and project counterparties to conclude the binding agreement between MSC and Cargill for trials on board the MSC Leandra, has been noted by house broker Shore Capital.
A previous announcement, on 6 February 2024, indicated that trials were set to start in the second quarter of 2024, subject to the conclusion of agreements.
Broker Peel Hunt detected some reasons to be cheerful in the latest production report from South Africa-focused mining group Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF).
In its update, the company said its platinum group metals (PGM) output in the third quarter was 36,900 ounces, up from 35,300 ounces in the previous quarter. The average price for PGMs stayed steady at $1,391 per ounce, compared to $1,343 per ounce in the second quarter. Chrome production also rose to 410,200 tonnes from 402,700 in the previous quarter.
Apple Inc (NASDAQ:AAPL) reached a $3.5 trillion valuation and NVIDIA Corp (NASDAQ:NVDA) climbed back towards all-time highs, driven by analysts and investors evaluating how much AI could still move the needle for the tech industry.
Further signs of substantial investment in AI infrastructure emerged this week as data center operator CyrusOne announced it had secured a $7.90 billion line of credit to support current and future development projects in the US.
Shares of The Gym Group PLC (LSE:GYM) rose 5% in early trading after the company reported strong performance for the first half of 2024.
Revenue increased by 12% to £112.1 million, up from £99.8 million in the comparable period last year, driven by growth in membership and yield.
Shares of SSP Group plc (LSE:SSPG) rose 12% in early trading after the company maintained its annual guidance following a 16% increase in third-quarter sales, driven by higher demand for leisure travel.
The operator of airport and train station food outlets, including Upper Crust and Ritazza coffee chains, reported a 6% rise in like-for-like revenue.