This daily morning meeting note covers UK political risks, the competitive landscape in the European Online Classifieds sector, and growth updates for DHL Group. It also provides a comprehensive schedule of upcoming J.P. Morgan events and earnings announcements.
Key Takeaways
- 1.The UK political landscape remains fluid, with potential for fiscal policy shifts following local election outcomes and an expected by-election result.
- 2.Online Classifieds incumbents are seeing a divergence in performance, with premium valuations rewarding those who have invested heavily in AI and agent-based technology.
- 3.DHL Group shows signs of growth resumption and ROIC improvements, supported by operational efficiency and recovering Express volumes.
Table of Contents
- Today's Morning Meeting
- Makerfield Matters: Sector and Stock Implications of the UK's Shifting Political Landscape
- Marginalised 2.0 – after the de-rate, quality segmentation takes over and share price performance of Classifieds incumbents is likely to diverge from here
- Growth resumption now in sight; ROIC improvements on the horizon; reiterate OW, PT up to €60
- Also Published Today
- In Case You Missed It... Trending in the Last Month
- Key Changes
- JPM Events
- Upcoming Earnings
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Securities
DHLn.DEG24 GRBAS
Themes
AI-driven industry disruptionPolitical risk in UK fiscal policy
Regions
EuropeUnited KingdomGermanyChina