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ubs maintains neutral rating for gsk with target price of 1600 pence
UBS has maintained a 'Neutral' rating for GSK, setting a target price of 1600 pence. Analyst Jo Walton made adjustments primarily related to currency after a quarterly report conference call, noting that effective cost control has positively impacted sales at the earnings level.
CureVac price target lowered by UBS amid strong financial and regulatory progress
CureVac (CVAC) has seen its price target reduced from $13 to $12 by UBS analyst Eliana Merle, who maintains a Buy recommendation, citing the company's mRNA platform and oncology pipeline as underappreciated. Analysts project an average target price of $6.32, indicating a potential upside of 76.41% from the current price of $3.59. The company reported a strong cash position of EUR481.7 million at the end of 2024 and achieved significant milestones, including a licensing agreement with GSK valued at up to EUR1.45 billion.
diverse market updates hotel openings share fluctuations and financial challenges
A range of companies reported mixed financial results, with hotel group Dalata seeing a 3% share rise amid confidence in Irish properties, while competitor PPHE Hotels faced a 4% drop in shares due to declining revenue per available room. GlobalData's shares surged over 10% after a rating upgrade, while Videndum's successful share placement raised £8mn, signaling recovery potential despite ongoing losses. Aberdeen experienced £5.2bn in outflows, yet its retail platform attracted £1.6bn in inflows, highlighting contrasting performance within the firm.
GSK is well positioned to handle potential tariffs after surpassing market forecasts. The company has established partnerships with 728 vendors, indicating a robust network that supports its operations and strategic initiatives. Microsoft and third-party vendors utilize cookies for service enhancement and personalized content delivery.
FTSE 100 rises on strong Barclays earnings despite global economic concerns
The FTSE 100 continued its upward trend, buoyed by strong corporate earnings, particularly from Barclays, which reported a 19% rise in profit before tax. Despite concerns over US tariffs and weak Chinese manufacturing data impacting natural resources stocks, the index remains over 10% higher than its recent lows. GSK and Taylor Wimpey also posted positive results, contributing to investor optimism.
Barclays and GSK report strong profits amid tariff concerns and market stability
GSK reported a 5% rise in core operating profit to £2.5 billion and remains confident in achieving 2025 growth targets despite potential tariff impacts, highlighting strong performance in Specialty Medicines and R&D advancements. Barclays also exceeded expectations with a 19% increase in pre-tax profit to £2.7 billion, bolstered by a 16% rise in investment banking income and a 14% increase in UK income, as it aims to meet its 2025/26 financial targets. The FTSE 100 is poised for a steady start, nearing its record close, while oil prices continue to decline.
mixed earnings outlook as major companies prepare to report results
Mixed updates are anticipated in the investment sector, with Microsoft earnings drawing attention amid Wall Street's cautious optimism. Meta is expected to report strong revenue growth, while investors will focus on advertising trends and regulatory challenges. House prices fell 0.6% in April, contrary to expectations, as the market adjusts post-stamp duty changes. Meanwhile, Donald Trump's trade deal priorities have shifted, impacting UK negotiations, although market sentiment improved with news of eased auto tariffs.
uk corporate earnings week ahead featuring major banks and tech giants
The upcoming week will see significant corporate earnings reports from major UK firms like AstraZeneca, HSBC, and Shell, alongside tech giants such as Apple and Microsoft. Key economic data, including US non-farm payrolls and various PMIs, will also be released, influencing market sentiment. Investors are particularly focused on the impact of US tariffs and global economic conditions on these companies' performances.
barclays maintains gsk rating amid vaccine challenges and positive earnings outlook
Barclays maintains its equal weight rating on GSK, citing confidence in the company's Q1 earnings and strategic plans despite challenges in vaccine trials. With projected turnover of £7.55 billion and core EPS of £0.423, GSK's strong performance in specialty and general medicines, along with the upcoming relaunch of Blenrep, positions it favorably in a volatile market. Investors should monitor GSK's adaptability amid evolving healthcare policies and market conditions.
global market updates apple tesla ford bank of america and byd news
Apple enhances AirPods Max with lossless audio and AI leadership changes, while Tesla faces regulatory hurdles in China and legal issues in the US. Ford is under investigation for gear shifts in F-150 trucks, and Bank of America appoints a new head for India. In Europe, SAP surpasses Novo Nordisk in market value, and Bayer's stock drops after a significant jury verdict. BYD reports a substantial profit increase, and Toyota delays its battery factory project while starting a recycling facility.
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