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CREST NICHOLSON 255

P 9 Jun 229 250 245 240 235 230 225 5 Jun 6 Jun 8 Jun 7 Jun 9 Jun

Crest Nicholson had a tough set of results on Thursday, reporting a 60 per cent drop in profits due to the unrelenting impacts following former prime minister Liz Truss's mini budget. Peel Hunt analysts said that market conditions have since recovered but rising mortgage rates are once again impacting demand. Peel Hunt cut their target share price from 250p to 240p but retained its 'Buy' rating.

S4 CAPITAL 134

P 132 130 128 126 124 9 Jun 125.3 122 5 Jun 6 Jun 8 Jun 7 Jun 9 Jun

Digital advertising and marketing firm S4 Capital has maintained its full year guidance, despite slower revenue growth in early 2023. CEO Martin Sorrell said the lower revenue growth was due to a slowdown in growth in two addressable markets; technology platforms and technology services. Peel Hunt analysts agreed, making "no changes" to forecasts. They maintained its 'Buy' rating.

(c) 2023 City A.M., source Newspaper