BP PLC (LSE:BP.) has some big strategic questions to answer, says Canadian bank RBC and it is hoping that a planned capital markets day on 26 February will clear up a lot of them.
“The event should stand as a significant line in the sand following the initial energy transition strategy presented in 2020, one that included macro assumptions that look out of tune with reality,” said the bank.
Data crunching by Canadian bank RBC suggests that recent movements in the residential mortgage market have been favourable to the UK banks, though competition is eroding some of those gains.
Residential mortgage spreads in the final quarter of 2024 increased 17 basis points for 2-year products and 4bps for 5yr products, but in 2025 so far spreads are 10bps lower
Revolution Beauty Group PLC (AIM:REVB) shares plunged 27% in early trading on Thursday, their lowest since late 2022, after a profit warning.
A trading update revealing a soft fourth quarter and delays to some bulky new contracts which will mean they will not be included in the financial year ending 28 February.
Apple Inc (NASDAQ:AAPL, ETR:APC) has come under pressure ahead of its Thursday, 30 January results, but this may be “overdone”, according to Wedbush analysts.
Though Chinese demand for iPhones in particular looks weak, analysts noted a manageable decline in the region and higher sales elsewhere should see it hit forecasts.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has bagged a share price target upgrade from Wedbush analysts ahead of fourth-quarter figures and likely insight into its artificial intelligence plans.
Wedbush noted that investor focus had turned to capital expenditure guidance prior to the results on January 29, given accelerating investment in AI and related infrastructure.
JD Sports Fashion PLC (LSE:JD.) shares fell 3.1% after a downgrade from Citi and a profit warning from Primark owner AB Foods.
Analysts at the US bank made the call on the back of a soft festive trading and 2025 earnings guidance downgrade from the sportswear retailer.
After Herald Investment Trust yesterday defeated the motions proposed by Saba Capital to replace its board with an 80% voter turnout, broker Stifel said "the battle is far from over".
The voter turnout was "quite strong", analysts said, also noting that apart from Saba's own votes from its near-30% shareholding, it was joined by investors representing just 0.15% of the total votes cast.