UK and European Research at a Glance

RBC's daily digest provides model updates for several European equities, including price target increases for IG Group and Diploma, while highlighting a peak in copper prices and recovery in the bioprocess sector.

Key Takeaways

• 1.Grenergy Renovables is expected to announce a significantly increased capex plan of at least €4.1bn for 2025-28 at its upcoming strategy update.
• 2.Copper prices hit near-record highs of $6.40/lb due to tight supply and strong Chinese demand, though South American political risks remain a concern.
• 3.The Bioprocess sector is showing a recovery in consumables and early signs of an equipment order upcycle.

Table of Contents

• Earnings Preview
• Company Comments
• Industry Comments
• Quick Takes
• Disclaimer

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