UBS has increased its price target for Legal & General Group PLC to 260p from 250p but kept a neutral rating, suggesting the shares are near full value around 271p. This comes as the UK bulk purchase annuity (BPA) market heats up with major acquisitions in 2025, fueling takeover speculation for L&G, which has 60% of its business in annuities. UBS's valuation, based on recent BPA deal multiples, implies a fair value of 280p per share, but competitive pressures and new market entrants may limit price gains. The broker highlights that L&G's annuity returns are in line with peers, and increasing competition could constrain future pricing improvements in the £1 trillion UK defined benefit pension scheme market.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Hi-View Resources Inc. has started its 2026 exploration program in the Toodoggone Mining District, British Columbia, focusing on porphyry targets at key sites like Lawyer’s East, Borealis, and Golden Stranger. The program includes 50 line kilometres ...
The U.S. Patent and Trademark Office (USPTO) has introduced an AI-assisted image search feature in its public trademark search system, TM Search, using technology from Clarivate Plc. This new tool allows users to upload images and compare them agains...
AIB Data Centers Inc. is considered a speculative buy with a $3.50 price target based on its 65 MW energized capacity. The investment case depends heavily on securing a single anchor lease at its CLT-01 facility, which would validate its business mod...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
