A "new era" of share buybacks is potentially in store for Rolls-Royce Holdings PLC (LSE:RR.) and other members of the European aerospace and defence sector, JPMorgan suggested.
Many sector companies are generating record free cash flows, which is allowing them to step up returns to investors, including active share buybacks from BAE Systems, Melrose Industries, Qinetiq and Safran.
Currys PLC (LSE:CURY) investors were unfazed by the retailer’s warnings over swelling costs next year on the back of Budget as shares surged following Thursday’s interim update.
Having flagged growing demand for artificial intelligence laptops and solid trading ahead of its peak Christmas trading period, Currys’ update made for upbeat reading despite an anticipated £32 million annual uplift in costs following October’s Budget.
Diageo PLC (LSE:DGE) rose to the top of the FTSE 100 risers after UBS added its name to the (short) list of brokers predicting a recovery in the Guinness and Johnnie Walker group’s fortunes in 2025.
In fact, Diageo got a double upgrade from the Swiss bank with its rating rising to 'buy' from ‘sell’ based on the prospects for strong growth in areas such as Tequila.