UBS upgraded Close Brothers Group PLC to a 'buy' rating from 'neutral,' highlighting a nearly 40% share price drop this year as an attractive buying opportunity. UBS maintained a 555p price target, suggesting over 40% upside from the current 383p price, arguing the market overestimates motor finance redress risks and undervalues the company's recovery prospects. Close Brothers reported a strong first half with profits and costs beating expectations, and it plans significant restructuring to save costs and reduce headcount by FY27. UBS notes the stock trades at a discount to historical and sector multiples, implying the market prices in pessimistic scenarios ahead of the FCA's motor finance redress final approach due on March 30.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
QuickLogic and PQSecure Technologies demonstrated that PQSecure's CRYSTAL-1000C post-quantum cryptographic IP can be efficiently implemented on QuickLogic's reprogrammable eFPGA fabric within SoCs. This allows field-upgradeable security without costl...
Relmada Therapeutics, a clinical-stage biotech company focused on oncology and CNS therapies, will announce its financial results for Q2 2026 on August 6, 2026. The company will host a conference call and webcast to discuss the results and recent bus...
Gilat Satellite Networks Ltd., a global leader in satellite networking technology, will release its second quarter 2026 financial results on August 5, 2026. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will hold a conference call and w...
B&M European Value Retail's first-quarter update has divided analysts, with Deutsche Bank upgrading the stock to 'hold' citing stabilizing profit margins and a sensible turnaround strategy by new CEO Tjeerd Jegen. Deutsche Bank raised its profit fore...
