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AIM Fintech Glantus Holdings successfully rolling out buy & build strategy says CEO Maurice Healy
AIM Fintech Glantus Holdings successfully rolling out buy & build strategy says CEO Maurice HealyView Video
AIM-listed fryer service Filta Group see 20% growth and confident of full dividend going forwards
AIM-listed fryer service Filta Group see 20% growth and confident of full dividend going forwardsView Video

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Berenberg raises target on Barclays, says lender set to benefit from recovery in UK and US consumer

Fri, 22nd Oct 2021 10:43

(Sharecast News) - Analysts at Berenberg bumped up their target price for shares of Barclays from 230.0p to 245.0p, telling clients that the lender's third quarter numbers had confirmed that it was "well placed" to profit from a recovery among UK and US consumers.
Indeed, the results had also suggested that those benefits might now even be larger.

In particular, they noted how credit card balances in the US were now growing as was Barclays's sensitivity to rising interest rates.

Further strengthening the investment case was the lender's greater confidence on costs and its ability to support attractive capital returns.

Changing hands on 7.2 their estimates for its 2022 financial year earnings per share put them on a 20% discount to the sector.

Hence their conclusion that the shares were "undervalued" and their decision to reiterate their 'buy' recommendation.



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Sunday newspaper round-up: BT Group, GSK, Derivatives Trading

(Sharecast News) - Potential suitors including private equity outfits CVC and Apax, and infrastructure investors including Brookfield and Macquarie, have conducted fresh analyses to determine the value of BT's Openreach unit, which owns the infrastructure that connects most homes in the UK. The cable division might fetch £40bn. Franco-Israeli telecoms tycoon Patrick Drahi's Altice UK already owns a 12.1% stake in BT and from 11 December will be able to buy more shares. That would allow him to apply greater pressure on BT's board to sell a stake or even all of Openreach. A full takeover nevertheless is considered to be unlikely, due to the group's size, pension fund liabilities and potential political hurdles. - Financial Mail on Sunday

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Sunday newspaper round-up: Food prices, Asos, Labour Squeeze

(Sharecast News) - Soaring fertiliser costs on the back of the gas crisis will prolong high food prices globally, which are already at their loftiest in half a century, until 2023. Economists at BCA Research forecast that global food prices will continue to increase during the following year and remain high into 2023. Furthermore, supply chain analysts say that supermarkets cannot insulate buyers the rising cost pressures indefinitely. - Sunday Telegraph

21 Nov 21 19:42

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