An update on the European travel sector from TUI AG (LSE:TUI) on Tuesday should confirm or not if August enjoyed a "positive, last-minute booking trend" and that September has also benefited from good booking trends, said Deutsche Bank.
A "solid" trading update is expected on 24 September, said analyst Andre Juillard, reiterating his €10.50 share price target versus a last close at €6.55.
Swedish high-street fashion stalwart H&M will report incrementally higher sales but lower earnings margins when it reports third-quarter results this Thursday, according to Barclays analysts.
The bank’s EBIT forecast of 4.445 million Swedish krona (£330 million) is -1.3% behind the consensus, which was published earlier this month.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF)'s highly-anticipated operations update for its Vares silver operation sent its share price up 9% to 186p today.
Broker Stifel noted the update indicated a significant increase in tonnes mined during August and September as the first stope was brought into production.
Analysts predict record-breaking sales as Apple integrates AI features
Apple Inc (NASDAQ:AAPL, ETR:APC) is reportedly off to a strong start with its iPhone 16 units, which officially went on sale this past weekend.
Rupert Murdoch’s REA Group may be gearing up for a hostile takeover of its UK rival, Rightmove PLC (LSE:RMV), after taking a firmer stance with its third bid. REA tabled a 770p cash and stock offer, expressing disappointment over Rightmove's lack of engagement.
US investment bank Jefferies noted the "firmer tone" from News Corp (NASDAQ:NWSA)-owned REA, suggesting the latest approach could be the "beginning of the end-game." Analysts believe a rejection from Rightmove could push REA towards a hostile bid. REA’s offer is 39% above Rightmove’s pre-bid valuation, with 341p in cash and the rest in REA stock, giving Rightmove investors 20% of the enlarged company.
Foresight Solar Fund's (LSE:FSFL) confirmation that 170MW of operational solar and 122MWp of development-stage battery storage systems in Australia are up for sale is good news, says broker Stifel.
The current intention is that proceeds will be predominantly used to reduce debt at the renewables trust, noted the broker.
B&M European Value Retail SA (LSE:BME) was downgraded to 'sell' by UBS and both Marks and Spencer Group PLC (LSE:MKS) and Tesco PLC (LSE:TSCO) were highlighted as 'top picks' in the European retail sector due to "strong pent-up demand".
Real wage growth has been a clear driver of consumer spending historically, analysts at the Swiss bank said, however the correlation has become broken due to soaring prices since the pandemic, confidence that has not fully recovered, higher mortgage rates and expectations about tax rises.
Drawing on its cricket puns, Shore Capital has identified three leisure stocks that could hit a century in the near future.
All can “Raise the bat’”, the broker suggests, “be it £100 million of operating profit (Rank and C&C) or 100p of EPS (Entain)”.
Currys PLC (LSE:CURY) jumped over 6% on Monday after Berenberg analysts hiked the retailer's share price target and pointed to an ever-improving outlook.
Shares in Currys sit around 45% below pre-pandemic levels despite the firm’s better financial position and stronger outlook, analysts said in a note.
The European auto landscape has been hit with a flurry of profit warnings of late, leading equities analysts to moderate their outlook on the sector in the year ahead.
On a one-two punch for Germany’s car manufacturers, Mercedes last week warned of lower sales ahead, barely a week after BMW delivered a similarly cautious warning.