Wise PLC (LSE:WISE) has doubled down on its Wise Platform recently with efficency-driven price cuts, which make it more attractive for enterprises to outsouce their FX conversion says US bank Jefferies.
The global payment infrastructure is designed for banks, financial institutions, and enterprises, enabling fast, secure, and cost-effective international payments directly within their own systems.
Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) kept its production guidance for the 2025 financial year unchanged despite the tough start to the year, notes broker Panmure Liberum.
Guidance remains 140-160,000oz 6E PGMs and 1.65-1.80Mt of chrome concentrates, noted the broker.
Citi has upgraded Bunzl PLC (LSE:BNZL) to a 'buy' rating, maintaining its target price of £37.00 and forecasting an estimated total return (ETR) of approximately 15%.
The decision reflects a reassessment of Bunzl’s defensive appeal, particularly as rising bond yields heighten market uncertainty.
UBS has increased its price target for Barclays PLC (LSE:BARC) to 360p from 350p, maintaining a 'buy' recommendation as the UK lender continues to benefit from strong growth prospects in investment banking.
The Swiss group reiterated its preference for European investment banks, including Barclays and Deutsche Bank, over US counterparts such as Goldman Sachs and Morgan Stanley (NYSE:MS), citing a significant valuation discount that is "too wide to ignore."
Last week the market wiped out £1.5 billion of the valuations for Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) due to worries that the industry will see profits squeezed amidst rising costs and changing interest rate expectations, but for investors JPMorgan sees "10 reasons to buy the dip".
The bank noted that this penalisation was despite underlying increases in forecasts for the companies and both the pair's positive post-Christmas reports in the week as well as the current market dynamics.