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AI Daily 4 entries
LONDON MARKET CLOSE: Stocks struggle amid renewed bond market concern
LONDON BROKER RATINGS: Berenberg cuts Energean, Harbour Energy targets
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- 25th Sep 2025 09:47
- The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:
- FTSE 100
- Berenberg cuts BP price target to 490 (500) pence - 'buy'
- Goldman Sachs raises BP price target to 470 (450) pence - 'buy'
- Bernstein raises Centrica price target to 174 (165) pence - 'market-perform'
- FTSE 250
- Jefferies raises Renishaw price target to 3,530 (2,450) pence - 'hold'
- JPMorgan places Computacenter on 'positive catalyst watch', raises price target to 3,000 (2,900) pence - 'overweight'
- Berenberg cuts Energean price target to 855 (1,000) pence - 'hold'
- Berenberg cuts Harbour Energy price target to 195 (220) pence - 'hold'
- Deutsche Bank Research raises Baltic Classifieds to 'buy' - price target 366 (373) pence
- Deutsche Bank cuts SSP price target to 262 (285) pence - 'buy'
- SMALL CAP
- RBC cuts On the Beach price target to 325 (340) pence - 'outperform'
- Deutsche Bank raises Saga price target to 285 (185) pence - 'buy'
- Berenberg raises Kistos price target to 235 (230) pence - 'buy'
- Barclays cuts Kerry price target to 104 (107) EUR - 'overweight'
- UBS cuts Kerry price target to 84 (90) EUR - 'neutral'
- RBC cuts Gresham House Energy Storage price target to 80 (90) pence - 'sector perform'
- Related Shares:
LONDON MARKET OPEN: London red ahead of US economic growth data
- European Stocks Open Lower: European markets started Thursday in the red, influenced by a stall in the gold price rally and anticipation of the US economic growth data.
- UK Indices Performance:
- FTSE 100 down 0.2% at 9,235.45.
- FTSE 250 down 0.3% at 21,636.15.
- AIM All-Share down 0.6% at 777.91.
- European Indices Performance:
- CAC 40 (Paris) down 0.4%.
- DAX 40 (Frankfurt) down 0.3%.
- US Market Recap: Wall Street closed lower on Wednesday, with the Dow Jones down 0.4%, S&P 500 down 0.3%, and Nasdaq down 0.3%.
- Focus on US GDP: Investors await the latest US GDP update, expected to show a rebound to 3.3% in Q2, supporting the "soft landing" narrative.
- Bond Yields: US 10-year Treasury yield unchanged at 4.14%; 30-year Treasury yield narrowed to 4.74%.
- Currency Movements:
- Pound down at USD1.3448.
- Euro lower at USD1.1736.
- Dollar at JPY148.73 against the yen.
- Petershill Partners Surges: Jumped 33% on FTSE 250 after proposing delisting, capital return of USD921 million, and cancellation of shares.
- Mitchells & Butlers Declines: Fell 8.0% despite reporting 4.2% like-for-like sales growth in 51 weeks, with total sales up 3.9%.
- Proteome Sciences Slumps: Down 38% after posting a pretax loss of GBP2.07 million for H1 2025, with revenue down 14%.
- Asian Market Performance:
- Nikkei 225 up 0.3%.
- Shanghai Composite marginally lower.
- Hang Seng down 0.3%.
- S&P/ASX 200 up 0.1%.
- Commodities:
- Gold up at USD3,753.68 per ounce.
- Brent oil higher at USD69.04 per barrel.
- Upcoming Economic Data: US GDP, durable goods orders, weekly jobless claims, and quarterly personal consumption expenditures figures.
LONDON MARKET EARLY CALL: FTSE 100 called down after New York slump
- FTSE 100 Outlook: London's blue-chip index expected to open lower on Thursday, down 16.8 points (0.2%) at 9,233.63, following Wall Street's slump on Wednesday.
- Wall Street Performance: Dow Jones fell 0.4%, S&P 500 slipped 0.3%, and Nasdaq Composite lost 0.3% on Wednesday.
- Market Sentiment: Risk sentiment limited across European and US indices as investors took profits and awaited fresh US data, including GDP reading.
- Fed Commentary: Mary Daly supported cautious policy easing, while Jerome Powell avoided committing to rate cuts, citing inflation risks and high asset valuations.
- Currency Movements: Sterling slightly higher at USD1.3454, euro up at USD1.1742, and dollar up against yen at JPY148.79.
- UK Inflation Risks: Bank of England policymaker Megan Greene warned of increased risks to inflation outlook, suggesting caution in cutting interest rates and highlighting frequent supply shocks.
- Asian Markets: Nikkei 225 rose 0.3%, Shanghai Composite gained 0.1%, Hang Seng marginally lower, and S&P/ASX 200 improved 0.1%.
- Commodities: Gold down at USD3,738.08/ounce, Brent oil up at USD69.01/barrel.
- Corporate Calendar: Trading statements expected from Halma and STV.
- Economic Calendar: Key US data releases include GDP, durable goods orders, weekly jobless claims, and quarterly personal consumption expenditures figures.
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