Analysts have consistently raised forecasts over the past yearTD Cowen thinks Datacentre revenues will be strongAverage target price up from below $50 to $136.60Analysts at US broker TD Cowen see AI (artificial intelligence) chips designer Nvidia (NVDA:NASDAQ) outstripping second quarter expectations in the latest earnings season, and have hiked their target price for the stock.The analysts expect

Shares up 13% to 386pRevenue up 12.6% to £1.5 billionAdjusted EBITDA of £71.2 millionShares in Ocado (OCDO) were up as much as 18% this morning before falling back as the online grocer raised its full year 2024 EBITDA (earnings before interest taxation depreciation amortisation) and cash flow guidance.Underlying cash flow is expected to improve by £150 million (previously £100 million). The co

First quarter sales up 2.4%On track to open 45 UK storesNew stores performing wellShares in B&M European Value Retail (BME) gained more than 4% on Tuesday topping the FTSE 100 leaderboard after the discount variety retailer revealed less worse than feared first quarter like-for-like trading in the UK.B&M UK like-for-like sales for the 13 weeks to the end of June declined 3.5% after adjusting for t

Disposal boosts Chrysalis' liquiditySBO to receive back original investmentAnalyst says deal is 'good news' for UK techBritish semiconductor company Graphcore may have been sold to Japan's Softbank (9984:TYO) at a fraction of its peak value, but the deal has allowed investment trusts Chrysalis Investments (CHRY) and Schroder British Opportunities (SBO) to realise some cash and report uplifts in NA

Progress made with growth strategyFull year pre-tax profit up 24%Over the past year shares have gained 16%Shares in Jet2 (JET2:AIM) were up over 1% in morning trading at £13.08 as the airline and package holidays provider reported a 43% jump in pre-tax profit to £529.5 million for the year ending 31 March 2024.Total revenue was up 24% to £6.25 billion compared to £5.03 billion last year.The ai

Shares up 16% over the past yearYear-to-date like-for-like sales increased by 7.7%Cost pressures remain for pub groupShares in JD Wetherspoon (JDW) were little changed in morning trading at 766p as the pub group said like-for-like sales increased by 5.8% in the 10 weeks to 7 July compared to the same period last year.Chairman Tim Martin said the gradual post-pandemic recovery was achieved with few

Positive momentum continued in Q3Full year outlook reaffirmed'Well-positioned' for summer periodShares in SSP (SSPG) topped the FTSE 250 leader board on Wednesday (10 Jul), surging 13% higher to 176.5p after the food travel expert served up news of strong third quarter sales and reiterated its full year earnings guidance.The owner of brands including Upper Crust and Le Grand Comptoir also called o

Full year profit guidance cut by 15%130 jobs axed as schizophrenia drug droppedPeak Sublocade sales guidance reiteratedShares in Indivior (INDV) sank more than 40% to 694.5p after the opioid addiction treatment company issued a full year profit warning and announced 130 job cuts related to the discontinuation of its schizophrenia drug Perseris.The shares have been highly volatile in recent years.

Up to $2 billion impairment expectedBP sees earnings hit from lower refining marginsHunting upgrades guidance, Wood wins Shell contractBP (BP.) shares slid 3.6% to 457.6p on Tuesday after the energy producer warned it would book impairments of up to $2 billion in the second quarter of 2024 arising from plans to scale back refining operations in Germany which have been hit by rising energy costs an

Second-quarter fees down 12%June exit rate even worse, reversing 18%Firm cuts full-year profit goalFTSE 250 firm PageGroup (PAGE) sent the European staffing sector lower across the board after warning soft trading in the second quarter meant full-year profits would be below expectations.PageGroup shares fell as much as 60p, or 15%, to a 12-month low of 360p before recovering to trade down around 6

Stocks in Europe failed to hold early gains on Monday, closing lower, as investors assessed the implications of an expected political gridlock in France.The FTSE 100 index ended down 10.44 points, 0.1%, at 8,193.49. The FTSE 250 rose 11.67 points, 0.1%, at 20,798.32, and the AIM All-Share edged up 0.77 of a point, 0.1%, to 775.16.The Cboe UK 100 ended up 0.1% at 816.60, the Cboe UK 250 closed down

New delivery hub will go live in 2027Relief rally after bad news on CanadaOcado shares down 53% year-to-dateShares in Ocado (OCDO) were up nearly 6% to 346p as the online grocery retailer said it planned to build a third CFC (customer fulfilment centre) in Kuki-Miyashiro prefecture in Japan.The new CFC will go live in 2027 and will be developed with hypermarket group AEON (8267:TYO). SIGN O

Stocks in Europe were in positive territory early Monday afternoon, as investors weighed up political developments in the UK, France and the US.The UK is entering its first full week with a Labour government, after winning Thursday's general election. Across the channel, France is contending with uncertainty and the prospect of a hung parliament.The FTSE 100 index was up 14.85 points, 0.2%, at 8,2

£13.15 per share bid recommendedPepsiCo waiver key to dealBritvic sales up 6.3% in Q3Another one bites the dust. Soft drinks maker Britvic (BVIC) will become the latest company to leave the London stock market after agreeing to Carlsberg's (CARL-B:CPH) improved £3.3 billion takeover offer.Shares in the Robinsons, Fruit Shoot and J2O maker fizzed up 5% to £12.70 after the FTSE 250 firm said it h

New AI-powered products launchedServer computer refresh on horizonAnalysts see 35% upside to $180 target priceAnalysts at Bank of America have called Dell Technologies (DELL:NYSE) one of the firm's top investment ideas after adding the stock to their US 1 List.In a note to clients, Bank of America raised its target price for Dell shares to $180 from $130, citing a positive outlook for the company

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Investment trusts beat stocksTech trusts lead the gainersSeraphim Space in first placeIn an interesting turn of events, after a couple of years 'in the wilderness', investments trusts seem to have come back into favour as an asset class this year according to data from the AIC (Association of Investment Companies).In the six months to the end of June, the average trust returned 8% compared with 5.

Activist Cevian builds 5% stakeSees significant long term valueShares jump 7%Medical products maker Smith & Nephew (SN.) topped the FTSE leader board with the shares jumping 7% to £10.5 after activist investor Cevian Capital disclosed a 5% stake, making it the second largest shareholder in the group.The shares are down around 13% over the last 12-months compared with a 7% gain in the FTSE 100 ind

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It was an eight-line statement from a UK small-cap budget footwear maker but Shoe Zone's (SHOE:AIM) latest profit warning tells a much bigger story about the way global trade and supply chains could be changing.The company has been hit by rising container prices as shipping routes have been disrupted, largely thanks to attacks perpetrated by Houthi rebels in the Red Sea. Vessels are rerouting away