Business & Development
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Deal to buy UK Power Networks collapses after owner hikes price – report
A £15bn takeover deal to buy UK Power Networks, Britain’s largest electricity distributor, has reportedly collapsed after surging inflation sparked a last-minute…
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JP Morgan stays at ‘underweight’ on Sainsbury’s
Analysts at JP Morgan Cazenove reiterated their ‘underweight’ rating on supermarket giant Sainsbury’s on Monday and said there were still “several reasons…
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JP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half…
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RBC Capital downgrades Dunelm, expects margins to moderate
RBC Capital Markets downgraded homeware retailer Dunelm on Monday to ‘sector perform’ from ‘outperform’ and cut the price target to 950p from…
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RBC Capital Markets downgrades Pets at Home, shares slide
Pets at Home tumbled on Monday as RBC Capital Markets downgraded the shares to ‘underperform’ from ‘sector perform’ and slashed the price…
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Supermarket Income REIT buys four properties for £83m
Supermarket Income REIT said it had bought four properties for a total of £83m. The acquisitions are a Tesco superstore, M&S Foodhall…
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Broker tips: CapCo, Shaftesbury, Abrdn, Jupiter Fund Management
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look…
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Citi downgrades Abrdn, Jupiter to ‘sell’
Citi downgraded Abrdn and Jupiter Fund Management to ‘sell’ from ‘neutral’ on Friday as it took a look at European asset managers.…
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Berenberg lowers target price on CapCo and Shaftesbury
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look…
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Broker tips: National Grid, Intertek, Pan African Resources
Analysts at Jefferies downgraded utility company National Grid from ‘buy’ to ‘hold’ on Thursday, stating pressures on regulated returns and rising real…
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