Ocado Group PLC (LSE:OCDO) shares fell 11% after a long-time supportive analyst seemed to give up on the stock.
Bernstein analyst William Woods, who has been bullish on the online grocery company for at least two years, slashed his share price target to 250p from 1,000p, leading to his recommendation being double-downgraded to ‘underperform’ from ‘outperform’.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) should abandon plans to develop the Jadar lithium project in Serbia and instead buy Aussie-listed Arcadium (LTM), or so believes Citi.
The US bank had previously noted that Arcadium was trading well below replacement value, which might make it a more economical option than its own plans.
Google owner Alphabet Inc (NASDAQ:GOOG) reportingly acquiring cyber security titan Wiz might be the catalyst for a surge of M&A across the sector, broker Wedbush suggests.
Acquiring Wiz would give Google an edge on several cloud deployments and further monetise the cyber security cloud space with still less than 50% of the workloads not on the cloud globally.
Housebuilder Barratt Developments PLC (LSE:BDEV) and other rivals in the sector are expected to face downward pressure to their share prices as several headwinds pose a threat over the coming years.
Analysts at Deutsche Bank lowered the FTSE 100 firm’s pre-tax profit forecasts for the 2025/26 financial year by between 9% and 10%.
Guinness owner Diageo PLC (LSE:DGE) is expected to report another slide in earnings in its full-year results later this month, with analysts expecting it to lower mid-term guidance as a result.
Ahead of the update on July 30, analysts at Deutsche Bank warned organic sales in the second half may drop by 2%, compared to market consensus of a 0.9% rise.
If Britvic’s the answer, what’s the question?
Brokers at RBC Capital Markets posed this stumper in an analysis piece on Carlsberg’s leftfield takeover bid for the Pepsi and Robinson’s producer.
Google's parent company Alphabet Inc (NASDAQ:GOOG) is in talks to acquire cyber security start-up Wiz for about $23 billion, in what Wedbush analysts describe as a "smart poker move."
The deal would be the largest in Google's history, representing a major bet on the cloud cyber security space.