Legal & General Group PLC (LSE:LGEN) sale of its Cala Homes arm should open the door to significantly higher cash payouts to shareholders, believe analysts at Berenberg.
Sold for an enterprise value of £1.35 billion, Berenberg believes L&G will add the £100 million solvency boost to any buyback with the 2004 results.
Shell PLC (LSE:SHEL, NYSE:SHEL) and Equinor’s North Sea merger plans will offer a string of benefits but come against a backdrop of the region’s shift from an oil and gas to a renewable powerhouse.
The duo on Thursday unveiled a deal to merge their UK North Sea assets to create Britain’s largest independent oil firm with daily production of 140,000 barrels of oil equivalent.
Scottish Mortgage Investment Trust PLC (LSE:SMT) has Donald Trump to thank for helping cut its shares' discount to net asset value but analysts at Stifel downgraded their rating as they see investment valuations becoming too stretched.
A year ago, the broker suggested that the tide may be turning for the investment company and other trusts managed by Baillie Gifford, with their growth-focused investment style coming back into favour.
Diageo PLC (LSE:DGE) is splitting opinion among City analysts with US group Jefferies today upgrading the Guinness and Johnnie Walker group to buy, albeit conceding it has challenges ahead.
Deutsche Bank maintained a 'sell' rating yesterday but Jefferies thinks that Diageo will start to look different as confidence in spirits growth increases and under a new, heavyweight CFO.
Applied Nutrition PLC has received backing from Deutsche Bank analysts in the wake of its float in London earlier this year.
Initiating coverage of the protein shake maker, Deutsche issued a ‘buy’ rating and 180p share price target.