Deutsche Bank and Panmure Liberum have lowered their target prices for Associated British Foods PLC following the company's weaker-than-expected guidance for the upcoming year. Deutsche Bank cut its target price to 1,790p from 1,850p, citing a third consecutive negative earnings surprise, mainly due to losses in the Sugar division and pressure across most divisions. Panmure Liberum also reduced its target to 1,800p from 1,850p, noting declining sales at Primark and ongoing challenges in the Sugar division. Despite these setbacks, Panmure Liberum highlighted the company's efforts to address issues ahead of a planned demerger in December 2027, which could improve earnings outlook by 2028.
On September 11, institutional investors shifted funds from Bitcoin ETFs, which saw $13.29 million in outflows, to Ethereum ETFs, which gained $216 million. This rotation suggests a change in preference rather than a broad market exit, with Bitcoin E...
XRP's price volatility has sharply decreased ahead of the US Senate's vote on the CLARITY Act and the Federal Reserve's interest rate decision, causing the price to stabilize around $1.34–$1.37. Historically, such low volatility phases for XRP have l...
Since September 9, 2026, borrowing USDe to convert into sUSDe and stake it on Aave has become unprofitable, as borrow rates (6.02%-6.39%) now exceed the staking yield (5.01%). This change followed a governance recommendation that raised the USDe base...
Bank of Hawaii has boosted its earnings by nearly 40% this year, driven by improved net interest margins and a strong portfolio of legacy fixed-rate assets. The bank's loan book is mostly secured by real estate with low loan-to-value ratios, reducing...
Circle announced it will discontinue the legacy version (CCTP V1) of its USDC cross-chain transfer bridge by December 1, 2026, with transfer caps starting to fall on October 31. For USDC holders on the Cosmos chain Noble, all contracts will halt by J...
