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Asia Markets

UK Shares Edge Higher After Latest US-Iran Clash; Experian Declines

London's FTSE 100 gained 0.27% on Wednesday's close as US strikes in response to the alleged downing of an American helicopter over the Strait of Hormuz led Iran to attack a US base in Jordan and 21 other Gulf targets."Tehran has denied responsibility for shooting down the helicopter, although Iranian officials issued sharp warnings following the US operation," Deutsche Bank Research said. "The exchange has underscored the fragility of the April ceasefire and cast fresh doubt over President Trump's repeated assertions that a broader peace deal was close."In corporate news, Experian (EXPN.L) dropped 2.41% to take a spot among the worst performers on the blue-chip index after Deutsche Bank Research lowered the data and technology company's price target to 35 pounds sterling from 40 pounds, with a buy rating."In [business-to-business], our core thesis is that the AI platform shift strengthens the group's market position. For Experian, software is distribution not product... We expect the AI platform shift to further accelerate falling costs for these products - and expect the group to have an opportunity to pursue additional, richer value pools as a result. Experian has a preferential position to take advantage of these opportunities: it has scaled distribution, sits within complex embedded credit decisioning infrastructure, and is a highly trusted counterparty to regulated institutions," analysts said.On the flip side, Tritax Big Box REIT (BBOX.L) gained 4.86% after it received approval from the UK Secretary of State for its proposed data center in Manor Farm, Heathrow, UK. The decision comes earlier than Tritax expected.Meanwhile, mid-cap constituent WH Smith (SMWH.L) tumbled 16.17% after it lowered its fiscal 2026 outlook, citing uncertainty due to the Middle East conflict and gross margin pressures. The travel retailer now expects headline group pretax profit and non-underlying items of 75 million pounds to 90 million pounds, compared with the previous forecast of 90 million pounds to 105 million pounds.

FTSE 100$BBOX.L$EXPN.L$SMWH.L
Research

Stifel Reduces Experian's PT, Affirms Buy Rating

Stifel on Tuesday decreased the price target for data and technology company Experian (EXPN.L) to 39.00 pounds sterling from 44.00 pounds and kept its rating at buy.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EXPN.L
Asia Markets

UK Shares Rise as Inflation Cools; Marks and Spencer Leads Gainers

London's FTSE 100 closed 0.99% higher on Wednesday as investors digested a faster-than-expected decline in inflation and earnings updates from corporate heavyweights."The larger fall in CPI inflation than forecasters expected, from 3.3% yoy in March to 2.8% yoy in April (consensus and Berenberg: 3.0%) suggests that inflation would have dropped to within a hair's breadth of the Bank of England's (BoE's) 2% target without the Iran war," Berenberg said. "In the months ahead, the upward pressure on prices from the Iran war will spread from petrol and diesel to goods and food and likely lift inflation to over 3.5% in H2. Nonetheless, if the services prices that the BoE can influence most continue to behave, the central bank need not raise interest rates in response."Meanwhile, Wood Mackenzie's Horizons report said a prolonged shutdown of the Strait of Hormuz would represent the most significant threat to global energy markets in decades. "The Strait of Hormuz is the most critical chokepoint in global energy markets, and a prolonged closure would become far more than an energy crisis," said Peter Martin, head of economics at Wood Mackenzie.In corporate news, British retailer Marks and Spencer Group (MKS.L) rose 6.64% to top the blue-chip index after profit attributable to owners of the parent for fiscal 2026 declined to 259.4 million pounds sterling from 295.7 million pounds year over year, while revenue jumped to 17.27 billion pounds from 13.82 billion pounds earlier."M&S has released its FY26 results this morning with FY26 Food profits ahead of expectations, but Fashion, Home & Beauty below. We think Food is likely to have continued its momentum into FY27 so far, but store clothing sales have been somewhat weather impacted and are likely to be seeing a more volatile trend. As such we view the results as more of a positive read for the UK grocers and NEXT (online) than Primark," RBC Capital Markets said.On the flip side, Experian (EXPN.L) dropped 2.95% to become the worst performer on the FTSE 100 even as profit and revenue for fiscal 2026 increased year over year. The data and technology company also commenced a program to repurchase up to $1 billion of shares."FY26 demonstrated robust execution with 11% constant [currency] growth and 8% organic growth including 9% in Q4. Benchmark margins increased 60 [basis points] - ahead of the medium term framework and driving 13% constant fx EPS growth. Growth was stable across the quarters and broad based across geographies and verticals," BofA Global Research said.

FTSE 100$EXPN.L$MKS.L
Research

AlphaValue/Baader Europe Upgrades Experian to Add, Lifts PT

AlphaValue/Baader Europe on Monday upgraded data and technology company Experian (EXPN.L) to add from reduce and raised its price target to 30.19 pounds sterling from 30.04 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EXPN.L
Research

AlphaValue/Baader Europe Downgrades Experian to Reduce, Trims PT

AlphaValue/Baader Europe on Wednesday downgraded data and technology company Experian (EXPN.L) to reduce from add and lowered the price target to 30.53 pounds sterling from 30.54 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EXPN.L
Asia Markets

UK Shares Fall as Ceasefire Deadline Nears; Associated British Foods Shares Down Amid Primark Plans

London's FTSE 100 closed Tuesday trading 1.05% in the red as the US and Iran's two-week ceasefire nears its expiration on Wednesday evening Eastern time.US President Donald Trump said he does not want to extend the ceasefire deadline and expects "to be bombing" if the two sides fail to reach a deal, according to a phone interview on CNBC's Squawk Box.In economic news back home, Britain's unemployment rate stood at 4.9% in the three months to February, according to data from the Office for National Statistics. Analysts expected unemployment to remain stable at 5.2%. Meanwhile, wage growth slowed to 3.8% from a revised 4.1% including bonuses and to 3.6% from 3.8% excluding them, slightly above forecasts of 3.6% and 3.5%, respectively."The Bank of England's (BoE's) preferred measure of pay growth slowed to the pace it believes is consistent with CPI inflation meeting the 2% target," Berenberg said. "Taking the official and survey data in the round, our view is that the jobs market stabilised. However, forward looking indicators flag a risk of further deterioration. In either case, few job vacancies relative to the number of people looking for work should prevent a rise in energy prices from setting off a new price-wage spiral."At Downing Street, long‑term fixed‑price contracts for renewables were proposed alongside increased taxation on excess revenues generated from electricity production to sever the link between international gas prices and electricity rates across the UK. "Our focus is simple: easing pressure on household budgets now, while building a homegrown energy system that protects families from global instability in the years ahead," UK Prime Minister Keir Starmer said.In corporate news, Associated British Foods (ABF.L) dropped 2.68% as it plans to demerge its fast-fashion retail business, Primark, from its FoodCo business and list them as separate entities."ABF reported their H1-26 results today and, as we expected, will demerge Primark (which will be completed by Sep-27). This is a good decision in the long-term but which will not create short-term value on our estimates," Bernstein said. "The business remains weak across the board with profits declining -17% YoY and margins compressing -150 [basis points], driven by weakness in Primark, grocery and sugar. Vs. consensus, revenue was broadly in line (-0.5%) but EBIT missed by -5% (driven by grocery) whilst Primark margins were a little stronger (+20bps beat but this included a non-recurring benefit, which if excluded, leads to a margin miss)."On the upside, data and technology company Experian (EXPN.L) climbed 2.34%, taking a spot among the top performers on the blue-chip index, after appointing Adam Crozier as its chair designate, effective May 12.

FTSE 100$ABF.L$EXPN.L