Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) updated its 2024 guidance in July, so next week's trading update might just be a reiteration of that suggests UBS especially with a new finance head joining in October. BS said it would like confirmation of the cash runway would be welcome and how far this will take it towards EBITDA break even.
Gold miners have started to see their performances compared to gold improve in 2024 so far
Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS , notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank's efforts to show it is not abusing its market dominance.
UBS (UBS) reported earnings 30 days ago. What's next for the stock?
The markets may be getting too ahead of themselves that the U.S. Federal Reserve will pull an aggressive rate cut, said the CEO of Swiss banking giant UBS. "I think the market seems to be a little bit too ahead of the curve in expecting the Fed to go so aggressively," Sergio Ermotti, Group CEO of UBS Group AG, told CNBC's "Squawk Box Asia.
Brent crude prices fell nearly a percentage point on Tuesday, with futures price currently at US$71.15 a barrel. US crude, meanwhile, fell to a 16-month low of US$68.3 a barrel.
Barratt Developments PLC (LSE:BDEV) is on course to regrow margins and volumes over the coming years, which UBS analysts expect will prompt a “material” jump in profits by 2030. Margins should reach 18% by 2030 as volumes climb to 94% of 2022 levels, when interest rates began surging in a blow to the housing sector, according to UBS.
UBS is advised to increase its capital reserves by the SNB to prevent systemic failures similar to those witnessed with Credit Suisse in 2023.
UBS is bullish on several consumer stocks for the rest of 2024, according to a new report from the investment bank. Analysts highlighted six companies they believe have strong growth potential, emphasizing what they see as compelling investment opportunities due to their ability to outperform peers, driven by factors such as robust top-line growth (like Colgate-Palmolive), margin recovery and stabilization (Target), record bookings (Royal Caribbean), positive sales momentum (Domino's), and the potential for market expansion (On Holding AG).
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UBS' expansion strategies and strong capital position look encouraging. However, rising costs remain a concern.
Shares of Hanesbrands (HBI) gained Tuesday after UBS boosted its price target on the stock to $6.50 from $5 while maintaining a "neutral" rating.