New data on US inflation has generated mixed reactions from analysts as September’s report revealed both encouraging and concerning trends.
While headline inflation decelerated for the sixth consecutive month, the uptick in core inflation surprised markets, suggesting persistent underlying inflationary pressures.
Citi has given WPP PLC (LSE:WPP) some marginal downgrades due to foreign exchange headwinds and the FGS disposal, but the advertising big cap’s risk/reward profile still “tilts positively”, said analysts.
Although macroeconomic concerns (i.e. historically low global advertising spend) “still loom, Citi said WPP is exiting the third quarter “on a much firmer footing than entered it and than the market might have expected”.
Zephyr Energy PLC's (AIM:ZPHR, OTCQB:ZPHRF) upcoming drilling at the Paradox Basin could unlock substantial potential upside for the company, according to Panmure Liberum (PL).
The company plans to drill a 5,500-foot lateral section at its State 36-2 LNW-CC well, followed by acid stimulation and a flow test, with the operation estimated to cost $7 million.
The US$2.2 billion GSK PLC (LSE:GSK, NYSE:GSK) paid to settle 93% of Zantac litigation cases is almost a best-case scenario short of no payment, according to analysts, and well below most figures investors had feared.
Analysts at Jefferies had pencilled costs of between US$2-3.5 billion for the liability, adding the deal is at the bottom of its expectations.
Tesla Inc's (NASDAQ:TSLA) long-awaited Robotaxi launch is set to mark a pivotal moment for the company, with CEO Elon Musk positioning the event as a transformational step in autonomous driving.
According to Wedbush analyst Dan Ives, the event, which will be held at Warner Bros. Studios in California, could be Tesla's equivalent of Apple’s iPhone launch, heralding a new era for the company. He described it as a "watershed unveiling".
Critical minerals group Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) has reported stronger-than-expected cash generation, closing the fourth quarter with a net cash position of $109 million.
Peel Hunt had anticipated a net debt of $28 million but attributes the surprise to Tharisa's likely use of receivables factoring and reduced capital expenditure at both its Karo project and Tharisa operations.