CMC MARKETS 130

P 125 120 115 110 25Aug 110.2 105 100 21 Aug 22 Aug 24 Aug 23 Aug 25Aug

Trading platform CMC Markets revised down its expected net operating income the year ahead in an unexpected update on Friday. Analysts at Peel Hunt said that while a number of new initiatives should deliver long-term growth, the firm "clearly continues to face significant market headwinds". It has placed its recommendation and target share price under review.

WATCHES OF SWITZERLAND

P 700 650 25Aug 548.5 600 550 500 21 Aug 22 Aug 24 Aug 23 Aug 25Aug

On Friday, Rolex announced it was buying Bucherer, the 100-store global watch retailer. Analysts at Peel Hunt said this could be bad news for London-listed Watches of Switzerland, where Rolex watches account for about 50 per cent of its sales. The analysts believe that more Bucherer stores will start selling Rolex watches. It reduced its rating from 'buy' to 'hold' and lowered its target share price from 900p to 600p.

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