The US auto sector could be on the verge of turning off its bumpy road in the foreseeable future, and earnings and guidance from the likes of Tesla, Ford, GM and others in the coming weeks will be closely watched for signs, while regulatory and policy uncertainties may also clear.
Increasingly investors are wondering if the industry has bottomed out, said UBS analyst Joseph Spak, noting a growing contingent of clients seeing a bull case.
Shore Capital has praised the appointment of former UK Chancellor Nadhim Zahawi as chair of the advisory board at ADOR, an associate company of BATM Advanced Communications Ltd (LSE:BVC)
ShoreCap described the move as a strong endorsement of ADOR’s growth prospects, given Zahawi’s extensive experience.
Shares in Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) climbed 2% after the company announced robust investor support for its €350 million bond issuance.
Chief financial officer Chris Bowman described the oversubscribed bond, issued at a 4% coupon and maturing in 2032, as a strong endorsement of the group’s growth strategy and income-generating potential.
discoverIE Group PLC (LSE:DSCV) has announced that it has acquired the German designer and manufacturer of specialist sensors Burster Group.
Strategically, Burster is closely aligned with discoverIE's strategy to develop its core capabilities in sensing technology.
Wise PLC (LSE:WISE) has had a 'sell' recommendation reiterated by analysts at Citi after its third-quarter update and a 55% rally in the share price since early November.
More foreign exchange (FX) volatility and contract wins for the Wise Platform have driven the share price higher, but Citi says its web/app visits data shows a more muted trend into the third quarter results.
Shares in Associated British Foods PLC (LSE:ABF) were down 2.4% in morning trading after being downgraded by a leading Wall Street investment bank.
Citi moved to 'sell' on ABF with a price target price of £17.70. It is forecasting a 6% negative expected total return (ETR).
Deliveroo PLC (LSE:ROO) shares were ahead in the first hour of trading following a positive update on its recent performance, driven by increased orders and spending across its platform.
Despite challenging consumer confidence in the UK, the delivery giant reported a 5% rise in UK and Ireland orders to 43.1 million in the fourth quarter of 2024 compared to the same period last year.