Lloyds shares worth 70p say analysts March 4, 2025 Peel Hunt analysts have raised their price target on Lloyds shares by 17 per cent to 70p and slapped a ‘Hold’ rating on the FTSE 100 lender. The analysts cited strengthening income trends and reduced sensitivity to interest rates as the top factors driving the bank’s “top-line performance.” The banking giant‘s full-year profits fell 20 per [...]
International Personal Finance looks to future growth amid profit boom February 26, 2025 Consumer credit provider International Personal Finance’s profit was more than expected in 2024 as it continues to look towards future growth. The firm, which is headquartered in Leeds, earned £85.2m in profit before tax, ahead of analysts’ expected range of £78m-£82m. International Personal Finance’s full-year financial report revealed record profits from its operations in Mexico and Australia and [...]
Analysts slap 359p price target on Barclays shares after results February 25, 2025 Analysts have reiterated their ‘Buy’ rating on Barclays shares after the lender beat expectations when it reported results earlier this month. The FTSE 100 lender booked a profit before tax of £8.1bn in 2024, ahead of the £8.07bn estimated. “We believe strong capital generation should support a higher valuation and plans to return more than [...]
Rachel Reeves must act now to save pubs, City broker warns February 20, 2025 Peel Hunt has become the latest broker to issue a warning that British pub culture is at risk due to structural pressures and tax hikes. Hospitality was the biggest driver of economic growth in both November and December, according to the latest government figures. But tax rises in the October budget “halted and reversed a [...]
UK IPOs set to ‘spring back to life’ in 2025 February 7, 2025 The UK IPO market is set to “spring back to life” in 2025, according to City brokers Peel Hunt. “A number of issuers are currently monitoring windows in the second quarter, which we expect to be the first real test of the UK IPO market in 2025,” said Peel Hunt analysts. In 2024, the UK [...]
Ashmore: Emerging markets giant stock jumps after beating expectations February 7, 2025 Emerging markets specialist Ashmore has once again beaten expectations despite recording yet more outflows, leading its stock price to rise 1.6 per cent. The FTSE 250 money manager’s half-year results revealed adjusted operating profit totalled £33.7m over the last six months of 2024, compared to the £31m forecast by analysts. Assets under management stood at $48.8bn (£39.2bn) [...]
Saga hikes profit expectations following Ageas deal January 30, 2025 Saga, the financial services and travel provider for over-50s, has said it expects to report an underlying profit before tax above previous guidance. In a trading update, the firm said it expected underlying profit before tax for the last six months of 2024 to come in marginally higher than the year before. Saga’s travel arm [...]
Raspberry Pi stock dips after profit forecast at lower end January 29, 2025 Raspberry Pi’s stock price has dipped by 2.2 per cent after it said adjusted operating profit was expected to come in on the low end of what had been expected by markets. The Cambridge-based tech firm said it expected its full year adjusted operating profit to be above $36m (£28.9m), compared to a range of [...]
Galliford Try: Shares rise as construction firm continues hot streak January 15, 2025 Galliford Try has continued to its strong streak of performance over recent years, reporting profit and cash ahead of analyst expectations. The construction firm had £210m in cash by the end of 2024, while its order book had grown from £3.7bn to £3.9bn throughout the year, it said in a trading update today. In early [...]
London Stock Exchange exodus hits £107bn as Ashtead eyes the US December 10, 2024 The value of companies fleeing the London Stock Exchange for foreign markets has reached £107bn this year after FTSE 100 Ashtead announced it would be heading across the Atlantic today. In a statement this morning, the construction equipment firm confirmed a long-rumoured move to swap its primary listing to the US, where it has its [...]