Gold has demonstrated its defensive qualities by rising approximately 2.8% since the US$/JPY fell below 160 on 11 July.
However, during the recent market turbulence, the yellow metal suffered a sharp decline, with a high-to-low drop nearing 5%, notes Aussie bank Macquarie.
Jefferies was struggling to find the positives in Dowlais Group PLC (LSE:DWL)'s interim update today, saying it was “a very challenging” set of results.
First-half numbers were more or less in line but new full-year guidance of £320-325m was well below the US bank’s estimate of £340m even without the boost from the hydrogen disposal.
Despite a noticeable rebound in Unilever PLC (LSE:ULVR)’s gross margins and an operating margin boost in the first half of 2024, investment bank Jefferies remains sceptical about the sustainability of these improvements.
Analysts raised concerns about Unilever’s future sales growth and free cash flow in a Tuesday broker note.
Brokerage Panmure Gordon sees clear benefits in Light Science Technologies Holdings PLC (AIM:LST)’s newly announced £123,000 order for its nurturGROW lighting from the Richel Group, a company specialising in agronomic solutions.
“Despite the order being relatively small it demonstrates growing interest in the division's technology,” said Panmure analysts.
Has a reality check on the so-called ‘premiumisation’ trend in the beverage sector caused British multinational alcoholic drinks supplier Diageo PLC (LSE:DGE) to become one of the worst FTSE 100 performers over the past 12 months?
Premium, or ‘reserve’ brands, as Diageo has historically called them, include the likes of Johnnie Walker Blue, single malts, Don Julio tequila and Zacapa rum.
Broker Peel Hunt reiterated its buy rating on Keywords Studios PLC (AIM:KWS, OTC:KYYWF) shares following the announcement of its acquisition of game developer Wushu Studios.
“Wushu’s founder and majority owner, Alan McDermott, and his management team is to remain with the business post-acquisition as they look to continue Wushu’s growth, which we believe is underpinned by a strong pipeline of high-quality projects,” said Peel Hunt of the acquisition.