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AB Dynamics Shares Upgraded Despite Concerns Around NHTSA

2 days ago | asktraders.com | Sam Boughedda

AB Dynamics (LON: ABDP) shares were upgraded to Hold from Underperform by Jefferies this week, with the firm also setting a price target of 1,620p on the stock. The firm pointed to a fairly upbeat set of interim results and resilient long-term fundamentals. Despite solid first-half results in April, sentiment around the testing and simulation specialist has been weighed down by a broader automotive industry slowdown and concerns related to the NHTSA, the analysts wrote.
Wizz Air Shares Plunge as 2025 Profit Drops

2 days ago | asktraders.com | Sam Boughedda

Wizz Air (LON: WIZZ) shares fell sharply on Wednesday after the budget airline reported a 41.5% drop in annual net profit, blaming ongoing engine groundings and rising costs for a sharp fall in profitability. The carrier posted a net profit of €213.9 million for the year to March 31, down from €365.9 million a year earlier. Operating profit plunged 61.7% to €167.5 million, while the EBITDA margin dropped to 21.5% from 23.5%.
B&M Shares Drop as FY25 Profit Falls

3 days ago | asktraders.com | Sam Boughedda

B&M European Value Retail’s (LON: BME) stock fell early on Tuesday after the discount retailer reported a drop in full-year profit and flagged continued retail sector challenges. For the 52 weeks to March 29, the group posted a 13.2% decline in statutory profit before tax to £431 million. Statutory diluted earnings per share fell 13% to 31.8p, while operating profit dropped 7% to £566 million. The company cited higher depreciation and finance costs for the profit decline.
Elementis Shares Surge: Completes Talc Business Sale, Announces $50m Buyback Programme

1 week ago | asktraders.com | Sam Boughedda

Elementis (LON: ELM) shares rose sharply on Tuesday, currently up more than 12%, after the specialty chemicals group announced the completed sale of its Talc business to IMI Fabi for $121 million and unveiled plans for a $50 million share buyback programme. The transaction, which delivers net cash proceeds of approximately $55 million, follows a strategic review launched in August 2024.
FTSE 100: Will Rising Bond Yields Impact the Index?

1 week ago | asktraders.com | Sam Boughedda

Rising UK bond yields are drawing investor attention, but Goldman Sachs analysts argue that the FTSE 100 remains relatively insulated, at least compared to more domestically exposed parts of the market. “Long-term UK yields have increased roughly as much as US ones since the beginning of May (but still significantly less than Japanese yields), reaching levels not seen since the mid 90s,” wrote the bank.
Will JD Sports Be Impacted By the Dick’s Sporting Goods, Foot Locker Deal?

1 week ago | asktraders.com | Sam Boughedda

The Dick’s Sporting Goods acquisition of Foot Locker could be a headwind for JD Sports (LON: JD.), according to analysts at Bernstein, who labelled the development a “net negative” for the UK-based retailer. In a recent note to clients, Bernstein identified a number of key concerns, stating that JD was a strong third player in the US and had been gaining share, but will now be a weak second player.
Sainsbury’s Shares: Recent Outperformance Limits Near-Term Upside

2 weeks ago | asktraders.com | Sam Boughedda

The recent strong share price performance from Sainsbury’s (LON: SBRY) limits the stock’s near-term upside opportunities. That’s according to Jefferies analysts in a note to clients this week, in which the firm downgraded the company to Hold from Buy. The broker kept its price target unchanged at 300p and maintained earnings estimates, noting the downgrade is “entirely” driven by the recent outperformance. “Our view of SBRY market share opportunities in 25/26 remains unchanged,” Jefferies said.
Games Workshop Shares Slide Despite Record-Level Licensing Revenues

2 weeks ago | asktraders.com | Sam Boughedda

Games Workshop (LON: GAW) shares declined more than 3% on Friday despite the Warhammer maker posting record licensing revenues and strong profit growth in its latest full-year trading update. For the 52 weeks ending 1 June 2025, the company expects total profit before tax to reach at least £255 million, up from £203 million the previous year. Meanwhile, core revenue is estimated at no less than £560 million, compared to £494.7 million in 2023/24.
Cobalt Holdings Plans to List in London: Intends to Raise $230m

3 weeks ago | asktraders.com | Sam Boughedda

Cobalt Holdings, a company offering public equity investors direct exposure to the price of physical cobalt, announced Monday that it plans to raise approximately $230 million through a public offering ahead of a planned listing on the London Stock Exchange in June 2025. The company said it will be the only listed firm providing pure-play exposure to cobalt prices without the risks associated with mining or exploration.
ITM Power Shares Surge After Being Selected as a Supplier for a Large-Scale Project

3 weeks ago | asktraders.com | Sam Boughedda

The ITM Power (LON: ITM) share price has jumped more than 11% on Monday morning after the company announced it had been selected as the supplier of over 300MW of electrolysers for a large-scale green hydrogen project. The company explained that the electrolysers will be used to produce green hydrogen for a power plant, helping to contribute to the reduction of carbon emissions.