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Walgreens Boots Alliance (WBA)
The US owner of Boots is weighing a £7bn ($8.76bn) UK listing of the high street pharmacy chain almost two years after a sale process was shelved.
Boots’ management is said to be pushing Walgreens toward an initial public offering (IPO) which would mark a return of the company to the London Stock Exchange (LSE) after 16 years, according to Bloomberg.
Walgreens is in a cost-cutting push and has brought in new chief executive Tim Wentworth to strengthen the company’s US focus.
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Walgreens recently announced it was cutting $1bn of costs from its operations in America. It has also been cutting back the number of stores it has in the UK.
The Boots business has 2,200 stores across the UK which includes pharmacies, health and beauty stores.
Cava (CAVA)
Shares in US restaurant chain Cava climbed in after-hours trading following the Tuesday session as the IPO lockup expiration allowed insiders to sell shares.
The Mediterranean food chain noted there are currently no Wall Street "sell" ratings on the stock.
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According to data from Benzinga Pro, the stock's 100-day average volume is 1.514 million shares, and 12.17% of available shares are being sold short.
The chain, which describes itself as bringing “heart, health, and humanity to food” raised $318m from its IPO in June, giving it a market capitalisation of $4.9bn.
Airbnb (ABNB)
Shares in Airbnb were lower in after-hours trading after analysts at Barclays downgraded it to "underweight" from "equal weight" with a price-target cut to $100 from $135.
Barclays has doubts about the industry’s ability to repeat its stellar performance next year.
"We think online travel growth slows from here as eventually the 'pent-up' travel demand will get exhausted — particularly as consumers' wallets are increasingly under pressure," Barclays analyst Trevor Young said in a note to clients.
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The analyst cited extra risks for Airbnb, including a “myriad of regulatory and consumer headwinds from here, as frustration with excess fees and inconsistent cleaning policies has impacted the end-consumer experience somewhat.”
Brent (BZ=F)
Oil prices plunged to their lowest level in five months amid concerns of oversupply and after US inflation came in higher than expected.
The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago.