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Goldman Sachs has raised its price target for AstraZeneca shares to £151.30, maintaining a Conviction Buy rating, citing an 18% revenue growth and potential in the oral PCSK9 inhibitor market with AZD0780. The anticipated Phase 2 PURSUIT trial data, due on March 31, 2025, is expected to significantly impact the competitive landscape. AstraZeneca is also investing $2.5 billion in a new R&D center in Beijing, enhancing its presence in China and focusing on early-stage research and clinical development.
Barclays PLC has announced the purchase and cancellation of 2,015,000 ordinary shares as part of its buy-back program initiated in February 2025, with shares acquired at an average price of 302.5239p. This initiative aims to optimize the company's capital structure and enhance shareholder value. Following this transaction, Barclays' total issued share capital is now 14,336,289,214 ordinary shares.
Santander has become the first major UK bank to ease mortgage lending rules, allowing homebuyers to borrow up to £35,000 more by lowering stress-test rates. This change, prompted by government and regulatory calls for flexibility, aims to address affordability issues for potential homeowners while maintaining a cap on borrowing limits. However, the Financial Conduct Authority has cautioned that relaxing these rules could lead to increased mortgage defaults.
Lloyds Banking Group is enhancing its AI capabilities by training 300 senior staff through an 80-hour course at the University of Cambridge, aimed at fostering an "AI-first" mindset. Additionally, around 3,000 employees are enrolled in Google-led courses for AI specialists. The bank is actively recruiting for over 1,000 positions, primarily in technology and data roles, as it continues to integrate AI into its operations.
Lloyds Banking Group PLC has announced the purchase of approximately 7.97 million ordinary shares as part of its ongoing share buyback program, acquiring them at a volume-weighted average price of 73.2389 pence per share. This initiative aims to enhance shareholder value and optimize the company's capital structure, demonstrating its commitment to returning capital to shareholders.
Deutsche Bank warns that the Federal Reserve's potential withdrawal of its liquidity backstop could jeopardize the dollar's status as a reserve currency, marking the most significant risk since World War II. Concerns about the reliability of Fed swap lines may prompt global de-dollarization, especially among Western allies, as countries like China and Russia continue to reduce their reliance on the US financial system. The Fed's role as the world's lender of last resort is crucial, and any hesitation to provide liquidity could lead to increased demand for dollars and destabilize US asset markets.
Paul Alexander, marketing director at Barclays, serves as a judge for The Drum Awards EMEA, bringing over a decade of experience in brand and performance marketing. He emphasizes the importance of balancing long-term brand equity with short-term performance, advocating for authenticity and customer-centricity in brand building. Alexander highlights the transformative potential of AI-driven marketing solutions and the need for marketers to demonstrate their value through better measurement and alignment with other business functions.
Deutsche Bank views Next plc's profit outlook upgrade as a positive indicator amid economic uncertainty. The company specializes in ready-to-wear clothing and accessories, with 92% of net sales from clothing distribution, primarily through mail order and UK stores, while international operations account for a smaller share. Geographically, 83.8% of sales are from the UK, with Europe and the Middle East contributing 9.5% and 4.6%, respectively.
Novo Banco has appointed Carmen Goncalves, a former director at Lloyds Banking Group, as chief risk officer following the dismissal of her predecessor for alleged misconduct. Goncalves, who has extensive experience in enterprise risk management, was previously head of Global Risk Management at Novo Banco since December. The bank is preparing for a significant IPO, with CEO Mark Bourke re-elected until 2028.
Trump's new auto tariffs are expected to impact the global automotive industry significantly, but Tesla may be less affected due to its domestic production and supply chain. While Tesla's stock has seen a decline of over 40% since December, analysts predict it will report around 398,000 vehicle deliveries for Q1. However, challenges persist in Europe and Canada, where political sentiment and reduced incentives threaten Tesla's competitive position.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs raises AstraZeneca target amid promising drug development and expansion
08:50 28.03.2025
barclays announces share buyback to enhance capital structure and shareholder value
08:32 28.03.2025
santander relaxes mortgage rules allowing higher borrowing limits for homebuyers
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lloyds bank invests in ai training for senior staff and employees
20:59 27.03.2025
Lloyds Banking Group announces share buyback of nearly eight million shares
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fears over fed backstop could undermine dollar's reserve currency status
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