UBS is keeping faith with Universal Music Group (EURONEXT:UMG) and reckons the recent slowdown in streaming growth is just temporary.
Looking at the disappointing recent update, UBS concludes it is a temporary slowdown in global subscriber growth, as some major platforms feel the consequences of price rises without investment in their product, that will recover.
There is no denying that prominent construction materials suppliers Travis Perkins (LSE:TPK) and SIG PLC (LSE:SHI) both underwhelmed in their respective trading updates this Tuesday.
FTSE 250-listed Perkins cut its full-year forecasts after revenues slumped in the first half, while SIG announced a culling of its workforce to help wrest itself away from plummeting profit margins.
Rightmove PLC (LSE:RMV) and OpenRent’s split will provide a useful test case for how letting agents fare by not listing properties on the portal, analysts say.
Having failed to agree on contract terms, Rightmove confirmed the letting agent’s departure, alongside its roughly 8% share of listings, from the site on Tuesday.
The European tech sector now contains some good buying opportunities after the 'correction' in recent days, says Deutsche Bank, based on more attractive valuations and an expectation of improved earnings in the second half of the year.
Taking in the sell-off on Tuesday, the Euro STOXX 600 Tech subsector is down 14% since the beginning of July, underperforming the broader STOXX 600 by 9% during the same period, which accounts for over a quarter of the downturn in the broader European equity market, multi-asset strategists at the bank said.
Mining giants Rio Tinto, Anglo American and BHP Group were all downgraded after a tool to monitor sector demand flashed a strong 'sell' signal.
The 'restocking indicator' from broker Panmure Gordon reported its weakest signal since mid-2022, with a turnaround after a long bull run.
It’s time to look at UK domestic earners given the uncertainty in the US, particularly those that benefit from the Labour government's plans, according to analysts at Panmure Liberum.
“We find an attractive investment opportunity in UK domestic earners, especially those companies that benefit from a Labour government,” sai the broker.
RBC analysts have raised profit forecasts for Barclays PLC (LSE:BARC), suggesting structural hedge income is expected to be higher than previously thought following second-quarter results.
Profit before tax is now expected to sit at £9.3 billion for 2025, against a previous forecast of £8.8 billion, RBC said in a note on Tuesday.
Domino’s Pizza Group’s first-half results sparked confidence in Shore Capital analysts that the franchise’s plans for growth were working.
Analysts from the bank issued a 'buy' rating for Domino’s in a note on Tuesday, highlighting that the franchise appeared to be “making encouraging progress” on growth plans.
Jet engine maker Rolls-Royce Holdings PLC's (LSE:RR.) strong interim results have led to a price target upgrade from JPMorgan as it increased its earnings and cashflow forecasts.
The investment bank raised its target price to 535p from the previous 475p.
Investment manager Polar Capital Holdings PLC's (AIM:POLR) exposure to the currently volatile technology sector has resulted in a share price downgrade from Deutsche Bank.
In a Tuesday broker note, analysts at the bank estimated that Polar Capital delivered £100 million in net inflows in July and has remained inflow positive in early August.
Melrose Industries PLC's (LSE:MRO, OTC:MLSPF) share price slump in the past three days has increasingly become “detached from fundamentals,” according to Citigroup analysts.
Shares in the aerospace manufacturer are down 20% over the past five days, largely contributing to a 15% fall over the year so far.