Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.35
    -0.01 (-0.01%)
     

  • GOLD FUTURES

    2,335.30
    -6.80 (-0.29%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,348.48
    -230.68 (-0.43%)
     

  • CMC Crypto 200

    1,429.89
    +15.13 (+1.07%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BUZZ-Top of the Street: Sanofi, Innogy, Yara, SSP, Altice

Reuters - UK Focus

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Sanofi (LSE: 0O59.L - news) : In a note titled "Unicorn sighted", Barclays (LSE: BARC.L - news) sees co's valuation back at more reasonable levels for its portfolio mix and limited growth outlook, ups to "equal weight"; stock down almost a fifth from mid May peak

** Innogy: Kepler Cheuvreux raises PT by EUR 2 to EUR 37 citing stronger balance sheet but cuts the German utility to "reduce" as shares are trading above EUR 40

INITIATIONS AND REINSTATEMENTS

** Berenberg starts on Norwegian fertiliser co Yara with "buy" saying the market still needs to fully price in a cyclical upswing in nitrogen fertilisers, co' strong position in Brazil, and its "unrivalled" offering of speciality products

ADVERTISEMENT

** Investec (LSE: INVP.L - news) initiates food travel company SSP at "buy" saying that co's strong balance sheet gives it the option of further M&A or returning cash to shareholders

** Bryan Garnier reinstates telco and cable group Altice (Amsterdam: 28975495.AS - news) at "buy" citing current low valuation multiples and a conviction that recovery in the French fixed business will eventually happen

(*Analyst rankings from Thomson Reuters StarMine. Scale is from 1-star to 5-star with 5 being best. Analysts ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods)