Greggs PLC (LSE:GRG)’s growing cash balances could offer scope for special dividends over the coming years as the bakery chain continues to impress, Shore Capital analysts say.
Analysts from the investment group forecast Greggs’ cash to sit at £160 million by late 2027, which they said could warrant rewards over and above its current 2.2% dividend yield.
Brent crude prices fell nearly a percentage point on Tuesday, with futures price currently at US$71.15 a barrel.
US crude, meanwhile, fell to a 16-month low of US$68.30 a barrel.
Barclays PLC (LSE:BARC) is looking good at the moment according to the analysts at JP Morgan, who see the UK bank as inexpensive with good capital return potential.
Capital ratios (CT1 13.6% vs target of 13-14%) are healthy and share buybacks of £1.75bn are expected in 2024/25 and £2.5bn 2026, implying double-digit annual yields.
Barratt Developments PLC (LSE:BDEV) is on course to regrow margins and volumes over the coming years, which UBS analysts expect will prompt a “material” jump in profits by 2030.
Margins should reach 18% by 2030 as volumes climb to 94% of 2022 levels, when interest rates began surging in a blow to the housing sector, according to UBS.
Apple Inc's (NASDAQ:AAPL) iPhone 16 debut had promised to kickstart a new artificial intelligence-fuelled era for the technology giant but was rather met with relative indifference by investors.
Shares were barely changed following the latest smartphone launch on Monday evening, with analysts also appearing largely underwhelmed by the event ahead of the phone’s pre-release on Friday.