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Primark Owner ABF Signals Potential Shift in Investment Amid Rising UK Business Taxes
November 06, 2024 03:35 AM AEDT| By Team Kalkine MediaHighlights:,Investment Decisions in Question:,Associated British Foods may divert investments away from the UK following tax increases on businesses.,Higher Costs for Employers:,Recent Budget changes increase ABF’s national insurance costs significan...
Coca-Cola Europacific Partners Joins FTSE 100 with Strong Q3 Growth
November 06, 2024 03:20 AM AEDT| By Team Kalkine MediaHighlights:,Strong Revenue Performance:,Coca-Cola Europacific Partners reports €5.4 billion in Q3 revenues, up 11.5% from last year, driven by price increases.,Resilient Performance in Key Markets:,European revenues slightly dipped due to softer dema...
RBC Raises Ryanair Price Target on Strong H1 Performance and Positive Cash Flow
November 06, 2024 12:31 AM AEDT| By Team Kalkine MediaHighlights:,Price Target Upgrade:,RBC raises Ryanair’s price target from €19.50 to €21, citing robust first-half results and improved earnings projections.,Optimistic Cost Guidance:,Flat all-in cost per passenger guidance and a 1% reduction in unit c...
Time Out Group Reaches Operational Break-Even as Markets Expansion Accelerates Globally
October 30, 2024 09:23 PM AEDT| By Team Kalkine MediaHighlights:,Operating Losses Reach Break-Even:,Time Out’s operating losses break even this year, a notable improvement from the previous year’s £17.5 million loss.,Global Market Expansion Continues:,New Time Out Markets opened in Cape Town, Porto, an...
Next PLC Sees Price Target Boost from Jefferies Following Strong Q3 and Upgraded Profit Forecast
October 30, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,Jefferies Reaffirms “Buy” with £11.80 Target:,Next’s robust Q3 performance and upgraded profit forecast drive Jefferies’ positive outlook.,Sales Outpace Forecasts Amid Cold Weather Boost:,Full-price sales rose 7.6%, beating the 5% forecas...
Moncler Faces Challenges as Sales Slow Across Key Regions, Jefferies Trims Price Target
October 30, 2024 08:55 PM AEDT| By Team Kalkine MediaHighlights:,Jefferies Lowers Price Target:,Moncler’s price target reduced to €46 from €48, reflecting slower-than-expected sales.,Sales Decline Across Regions:,Q3 sales slipped across Asia, Europe, and the Americas, missing revenue forecasts.,Limited...
Kraft Heinz Faces Extended Recovery in US as Q3 Revenue Misses Expectations
October 30, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,US Revenue Decline Impacts Overall Performance:,Q3 net sales dipped by 2.8% to $6.38 billion, below estimates of $6.43 billion, with a 3.4% drop in US revenue.,Non-Cash Impairment Drives Loss in Operating Income:,A $1.4 billion impairment...
Bookmaker Shares Surge After UK Budget Keeps Gaming Duty Frozen
October 30, 2024 08:00 PM AEDT| By Team Kalkine MediaHighlights:,Entain,and Evoke Lead Gains:,Entain,PLC (,LSE:ENT,) and Evoke PLC soared by 8% and 12%, respectively, post-Budget announcement.,Gaming Duty Freeze:,The Chancellor announced a freeze on gaming duty until March 2026, lifting sentiment in th...
JP Morgan Sees Bright Future for Barratt Redrow PLC Following Redrow Acquisition
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Sector Support: JP Morgan highlights Barratt Redrow’s value in the UK housing recovery.,Cost and Revenue Synergies: Acquisition offers potential for substantial cost savings and revenue synergies.,Raised Price Target: JP Morgan raises its...
Next PLC on Track for Record-Breaking Year with Strong Growth and Profit Potential
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Next PLC sees year-to-date market value increase by 25%, boosted by two profit upgrades.,Full-year pre-tax profit forecasted at £995 million, marking an 8.4% growth.,Online sales and international expansion are poised as key drivers for s...
Adidas Faces Online Revenue Decline Amid Ongoing Yeezy Challenges
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,Adidas’ e-commerce revenue dropped 3% year-on-year due to reduced Yeezy sales.,Excluding Yeezy, Adidas’ e-commerce and direct-to-customer businesses grew substantially.,Key shareholder Groupe Bruxelles Lambert reduced its stake but remain...
IG Design Shares Climb 5% on Profit Recovery and Restructuring Success
October 29, 2024 08:50 PM AEDT| By Team Kalkine MediaHighlights:,IG Design Group expects profit recovery in the second half, despite early revenue challenges.,Cost-saving measures, including restructuring in the Americas and closing its Chinese facility, are driving improvement.,A return to pre-pandemi...
Manchester United Stock Jumps Following Erik Ten Hag's Departure
October 28, 2024 09:21 PM AEDT| By Team Kalkine MediaHighlights:,Erik Ten Hag has been dismissed as Manchester United's manager after a disappointing start to the Premier League season.,Ruud van Nistelrooy will serve as interim manager while the club searches for a permanent replacement.,Manchester Uni...
Kering SA Slashes Full-Year Income Forecasts Amid Disappointing Q3 Results
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Gucci’s revenue dropped 26% year-on-year in Q3, mainly due to weak demand from China.,Kering now predicts full-year recurring operating income could fall as low as €2.5 billion.,The company is focused on executing a transformation plan wi...
Frasers Calls Out Boohoo Leadership, Insists Mike Ashley Should Lead
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaFrasers Group PLC (LSE:FRAS) has heavily criticised Boohoo Group PLC (LSE:BOO) for what it describes as "abysmal" trading performance and mismanagement, which it claims has led to significant value destruction for the online fashion retailer. Frasers...
Amazon Prepares to Release Q3 Earnings: Strong AWS Growth Amid Retail Margin Challenges
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaKey Highlights:,Amazon.com Inc (NASDAQ:AMZN) is set to report Q3 earnings on October 31, with Jefferies highlighting strong growth in Amazon Web Services (AWS).,Analysts forecast Amazon’s Q3 revenues at $157 billion, with AWS contributing significant...
Hermes Reports Strong Q3 Growth Despite Sector Challenges
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Hermes posted an 11% revenue growth to €3.7 billion in Q3, with strong gains across regions and products.,Japanese sales surged 23%, European sales (ex-France) rose 18%, and leather goods sales jumped 17%.,Hermes shares have risen 9% in 2...
AIM-Listed Valuations Diverge Amid Speculation on Business Relief and Inheritance Tax
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Speculation around inheritance tax relief for AIM shares has caused valuations to diverge from larger UK indices.,Panmure Liberum warns of potential cost-of-capital impacts on UK growth-focused firms if tax relief changes.,AIM 100 share p...
Fine Wine Market Sees Q3 Decline, Bordeaux Hit Hardest
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Fine wine prices dropped by 4% in Q3 2024, with Bordeaux seeing a 4.4% decline.,Champagne saw a modest increase of 0.4%, bucking the broader market trend.,French wine production is set to drop significantly, particularly in Burgundy and B...
Bloomsbury Publishing Poised for Further Growth Despite Modest Share Pullback
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaKey Highlights:,Bloomsbury Publishing's recent share pullback is seen as an attractive entry point, with potential for future growth.,The company's consumer and digital resources divisions continue to perform strongly, supported by its "2030 vision"...
AI on the Rise: A Look at Top AI Companies and Their Stocks