On Monday, Evotec AG (EVT:GR) (NASDAQ:EVO) experienced a change in stock rating as Jefferies shifted its perspective from Buy to Hold. The firm also adjusted the price target for Evotec’s shares to €6.80, a significant decrease from the previous target of €16.00. The revision comes amid expectations that the company’s strategic overhaul may require more time to materialize, with uncertainties about the market’s recovery lingering. The analyst from Jefferies highlighted a number of challenges facing Evotec, including the unclear trajectory of the business beyond 2025 and potential delays in updating its strategy. These factors could exacerbate investor concerns. Additionally, there…
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FTSE 100 savings and retirement business Phoenix Group Holdings (LSE: PHNX) paid a total dividend of 52.65p last year. On the current £5.18 share price, this yields 10.2% — one of the highest in any major FTSE index. Returns made from existing savings So, £9,000 would make £918 of dividends in the first year. Over 10 years on the same average yield this would rise to £9,180, and over 30 years to £27,540. However, these returns would be much higher if they were used to buy more of the stock – known as ‘dividend compounding’. Doing this on the same…
This is a photograph of a Rio Tinto mining helmet taken on 2 Jun. 2020.Aaron Bunch | Getty ImagesThe world’s second-largest miner Rio Tinto expressed interest in acquiring U.S. lithium producer Arcadium, the two companies confirmed in separate statements on Monday.No financial specifics were disclosed. Rio Tinto said that there is no certainty that any transaction will be agreed to.Arcadium Lithium’s market value currently stands at $3.31 billion, according to data from LSEG. The company’s Australian-listed shares jumped over 42% in early Monday trade.If the deal goes through, Rio Tinto would become one of the largest suppliers of lithium, trailing…
On Monday, Borregaard ASA (BRG:NO) (OTC: BRRDF), a Norwegian biochemical company, received an upgrade in its stock rating from Hold to Buy by Berenberg. The firm also increased the price target for Borregaard’s shares from NOK175.00 to NOK225.00. This adjustment reflects a positive outlook on the company’s evolving business strategy and its ability to adapt in a challenging economic environment. The upgrade comes after Borregaard’s investor day, which took place on September 18, where the company described itself as being at “the dawn” of its specialization journey. Berenberg’s analysis suggests that Borregaard has already made significant strides beyond this early…
(Bloomberg) — Top Chinese chipmaker Semiconductor Manufacturing International Corp. led a $13 billion sector rally, after investors bet that Beijing will declare more policy or financial support for an industry central to its geopolitical ambitions.Most Read from BloombergShares of SMIC, which Washington has blacklisted over allegations it aids China’s military, climbed as much as 28% Monday to their highest in four years. That took its gain since Thursday’s close to 65%, or roughly $10.7 billion of market value at the peak. Smaller competitors Hua Hong Semiconductor Ltd. and Shanghai Fudan Microelectronics Group Co. also managed a combined gain of more…
Image source: Getty Images According to the Financial Conduct Authority, 9.26% of the stock of Diversified Energy Company (LSE:DEC), the FTSE 250 gas producer, has been shorted. Ten investors have borrowed nearly £40m of the shares in the hope that they’ll go down in value. The movement in the share price over the past five years might explain this pessimism. Compared to September 2019, it’s fallen 63%. And it’s down 25% since the start of 2024. Personally, I like DEC’s business model. It buys existing gas fields in the US and seeks to improve their operational performance and useful economic…
MaxAI is a robust, use case aware, native-ML, technology framework, designed to enhance and improve the quality of service across communication links, improve overall end-to-end user experience, and lower support costs CARLSBAD, Calif.–(BUSINESS WIRE)–MaxLinear, Inc. (Nasdaq: MXL), a global leader in broadband access and gateway solutions, today unveiled MaxAI™, a groundbreaking hardware-optimized, use-case aware, native-ML technology framework designed to provide enhanced user experience, improve quality of service (QoS), and lower support costs for Multiple System Operators (MSOs).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241006729352/en/MaxAI AI / ML Framework Enhances Overall Wi-Fi Experience and Lowers Costs for MSOs…
By Saqib Iqbal Ahmed and Lewis KrauskopfNEW YORK (Reuters) – The reverberations from a blowout U.S. employment number could threaten an assortment of trades predicated on falling interest rates, if stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs in the months ahead.Expectations of steep rate cuts spurred bets on everything from rising Treasury prices to a weaker dollar in recent months, while juicing corners of the stock market such as utilities. The Fed delivered a jumbo-sized 50 basis-point cut last month, temporarily vindicating that view.But the trajectory of…
Image source: Getty Images With interest rates finally rising in recent years, Lloyds (LSE:LLOY) shares have enjoyed refreshed popularity among British investors. The bank’s always been a UK favourite due to its size and stability. Yet since the start of 2024, the share price has also started to rise, climbing by more than 20%, with dividends also getting hiked. That certainly sounds like a promising trait for income investors. So what lies in store for Lloyds’ dividend according to analyst forecasts? And should I be considering this business for my income portfolio? A rising dividend Following its half-year results, Lloyds…
By Steven Scheer and Yomna Ehab JERUSALEM/CAIRO (Reuters) – Hezbollah rockets hit Israel’s third-largest city of Haifa, police said early on Monday, and Israeli media reported 10 injured in the country’s north on the first anniversary of the Gaza war, which has spread in the Middle East. Iran-backed Hezbollah, an ally of Hamas, the Palestinian militants group fighting Israel in Gaza, said it targeted a military base south of Haifa with a salvo of “Fadi 1” missiles. Media said two rockets hit Haifa on Israel’s Mediterranean coast and five hit Tiberias, 65 km (40 miles) away. Police said some buildings…