Bank of America has lowered its price target for Persimmon PLC from 1,300p to 1,220p, citing rising construction costs that are expected to reduce profitability in 2027. The broker forecasts a decline in Persimmon's operating margin to 13.2% in 2027 before margins improve in 2028. Despite trimming earnings estimates by about 7% for 2026-2028, Bank of America maintains a buy rating, highlighting Persimmon's growth across key metrics and its strong position relative to peers. The company’s focus on northern England land holdings and progress on fire safety remediation are seen as positives amid cost pressures.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
