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HSBC is facing mounting pressure from shareholders and climate activists to enhance its environmental commitments, particularly after delaying its net-zero emissions target to 2050 and allegedly breaching coal financing pledges. Analysts project a potential upside of 9.12% for HSBC stock, with a "Buy" rating, while GuruFocus suggests the stock may be overvalued, estimating a downside risk of 14.28%.
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.
The FTSE 100 rose 0.6% to 8,463.46, supported by a 3.0% gain in HSBC after strong first-quarter results and a new USD3 billion share buyback. BP fell 2.6% as profits nearly halved, while Associated British Foods dropped 9.2% after slashing profit guidance for its Sugar business. Economic data showed US consumer confidence at its lowest since the pandemic, raising concerns about future growth.
European markets experienced a significant sell-off on April 4, 2025, following China's announcement of 34% retaliatory tariffs on US imports, raising fears of a global trade war. Major UK banks and global mining companies saw sharp declines, with Barclays, NatWest, and Lloyds down over 7%. The oil price also plummeted to its lowest since August 2021, prompting Goldman Sachs to lower its forecasts for crude prices amid escalating tariff tensions. Defensive stocks like SSE and British American Tobacco managed to rise amidst the turmoil.
BNP Paribas warns of a potential collapse in copper prices, forecasting a drop to $8,500 per tonne by the end of Q2 2025 as US demand slows following the anticipated imposition of tariffs. The bank has revised its global copper consumption growth estimate down to 2.3% and projects a supply surplus of 460,000 tonnes. While some analysts remain optimistic about copper's long-term prospects due to electrification trends, the immediate outlook is clouded by trade policy impacts.
UBS maintains a Buy recommendation for Glencore, setting a price target of 480 E, indicating a 58% upside potential. The stock's 2025 P/E ratio is approximately 15, with a yield near 3%. Glencore specializes in producing and distributing metals, minerals, and petroleum products, with significant sales in petroleum (58.9%) and metals (41.1%).
UBS maintains a positive outlook on Glencore, reaffirming its target. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and the opinions expressed are those of the authors, independent of BOURSORAMA's views. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
UBS maintains a positive outlook on Glencore, reaffirming its target. BOURSORAMA, acting solely as a distribution channel, clarifies that it has no involvement in the analysis preparation and holds no conflicts of interest that could influence the objectivity of the published analyses.
Matt, 29, reflects on his stock-picking journey, initially guided by his financial adviser father. With a wedding approaching and underwhelming stock performance, he contemplates shifting towards a diversified investment strategy, as experts highlight the risks in his concentrated portfolio.
Riversgold Ltd has secured an 80% interest in the Kalgoorlie Gold Project’s Northern Zone after exceeding the A$600,000 exploration expenditure requirement. The company plans to advance drilling and convert the tenement into a Mining Lease, with a drill rig mobilizing next month for the 2025 exploration program. Initial findings indicate a significant gold system, with metallurgical testing showing a recovery rate of 92.9%.
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