adidas AG (OTCQX:ADDYY) reported a near doubling of profits over the second quarter after sales of its core branded goods jumped.
Operating profit increased 97% to €346 million (£307 million) during the period, aided by an 11% increase in currency-neutral sales, Adidas reported on Wednesday.
Around £1.2 billion was wiped from the value of GSK PLC (LSE:GSK, NYSE:GSK) after the drug giant's Q2 vaccine sales failed to pass muster with the City.
Specifically, analysts at Shore Capital said the Shingrix, its shingles jab, "missed materially", while there was also some 'harrumphing' around the performance of its RSV inoculation, Arexvy.
Lloyds Banking Group PLC (LSE:LLOY) might be a short-term gainer from the FCA’s comments yesterday that a financial redress scheme for any motor finance mis-selling will be delayed until 2025, says broker KBW.
For the UK lender, KBW estimates a worst-case liability of £2 billion or 6% of this year’s projected book value.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) is deserving of trading at a premium valuation despite shares having sunk more than 10% in the last month, analysts at Oppenheimer said in their latest report.
Oppenheimer researchers said they were bullish on Netflix and believe the streaming service has the “best long-term visibility” within its coverage.
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares jumped more than 10% after it reported earnings ahead of expectations, but analysts have said performance is likely to remain in line with the market.
The takeaway delivery group achieved an adjusted EBITDA of €203 million, marking a 42% increase and coming in 6.2% ahead of estimates by Deutsche Bank analysts.
Shares in HSBC Holdings PLC (LSE:HSBA) were up 3% in afternoon trading following the international bank's second-quarter earnings beat and pledge to return a further $3 billion to investors in the form of a stock buyback.
According to Jefferies in a note following the results, analysts were also provided a more granular assessment of the outlook for the remainder of this year and next. It says 'buy' up to 960p.
Rolls-Royce Holdings PLC (LSE:RR.) first-half results are expected to see the engine maker's management upgrade guidance as airline flying hours exceed pre-pandemic levels, with analysts wondering if dividend resumption will be mentioned.
For the first four months of the year, FTSE 100 company said in April that long-term service agreement large engine flying hours (EFH) at its civil aerospace arm were 100% of the levels from 2019, and were on track for full-year levels of up to 110% of 2019 levels.
Great British Energy could accelerate investment into clean power projects but will face challenges in doing so, analysts have warned.
Port space, vessels for use in offshore wind farm development and skills remain in short supply, UBS analysts said in a note.