The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0812 GMT - Capita's results were mixed but showed some encouraging progress, especially in the core public services division, Shore Capital analysts say in a research note. However, the process-based outsourcer's contact center division is still showing weakness, with revenues down by around 20%, the analysts say. The company isn't yet winning enough new business, though an increase in orders suggest momentum might be returning, the analysts add. Shares are up 2.5% at 286.5 pence. (maitane.sardon@wsj.com)

0811 GMT - Infineon Technologies delivered a better-than-expected profitability margin in its fiscal third quarter, Jefferies analysts write in a research note. Infineon's segment result came in at 668 million euros in the three months to the end of June, generating an 18% margin. Analysts had forecast a segment result of 585 million euros and a 15.8% margin, according to a Vara Research consensus. Jefferies analysts say the strong margin is attributable to a better-than-expected recovery at Infineon's power and sensor systems and green industrial power divisions. Infineon shares trade 4.2% higher at 35.16 euros. (mauro.orru@wsj.com)

0802 GMT - South Korea-based Apple supplier BH is likely to benefit from a wider adoption of organic light-emitting diode panels by its U.S. client from 2026, Nomura analysts Eon Hwang and Heesoo Min write in a note. The manufacturer of flexible printed circuit boards as well as OLED panels, is also expected to gain from a likely adoption of foldable panels by Apple, they add. The analysts expect Apple to use OLED panels, currently used in iPad Pro models, also for MacBook Pro models from next year. Nomura expects BH's revenue to jump 31% next year and raises its 2026 operating-profit forecast for the company by 11%. (kwanwoo.jun@wsj.com)

0800 GMT - Saudi Aramco's second-quarter net income beat consensus views by 4% as its downstream unit outperformed expectations, Jefferies analysts write. It upstream business was relatively in line, they add. Net debt increased by nearly $4 billion quarter-on-quarter which was mainly due to a working capital outflow of around $2 billion, they write. Shares trade flat at 23.90 Saudi riyals. (adam.whittaker@wsj.com)

0755 GMT - Infineon Technologies is navigating difficult waters marked by tariffs and foreign-exchange fluctuations quite well, Citi analysts write in a note to clients. The German chip maker reported better-than-expected profitability in its fiscal third quarter to the end of June, the analysts say. Infineon's segment result--a key profitability measure--came in at 668 million euros, generating an 18% margin. Analysts had forecast a segment result of 585 million euros and a 15.8% margin, according to a Vara Research consensus. Infineon also lifted its margin guidance for the fiscal year to the end of September. It now expects a margin in a high-teens percentage range compared with prior guidance in a mid-teens percentage range. Infineon shares trade 4% higher at 35.10 euros. (mauro.orru@wsj.com)

0752 GMT - Switzerland's SMI blue-chip index rises after the Swiss government signaled it is prepared to make trade concessions to the U.S. in pursuit of a deal. President Trump last week slapped the country with 39% tariff rate--the highest imposed on any rich economy--that is due to take effect on Thursday. The SMI rises 0.2%, recouping from Monday's losses. The Swiss Federal Council said it is ready to present a more attractive offer, taking U.S. concerns into account, and willing to continue in talks beyond the Thursday deadline if necessary. The Swiss government ruled out any countermeasures. (adria.calatayud@wsj.com)

0749 GMT - Travis Perkins expects profit being broadly in line, but RBC Capital Markets downgrades its adjusted Ebita estimates for the year. The building-materials retailer anticipates a rise in property profits to 8 million pounds, from 3 million pounds, but continues facing a tough market and lower-than-expected margins, RBC's Andrew Brooke and Karl Green say in a note. Adjusted Ebita estimates for 2025 and 2026 are cut by 3.5% and 5% respectively as RBC analysts take a relatively cautious view on trading and the market backdrop. "Despite the tough market, we continue to be positive, believing the market looks to have bottomed and that there is significant self-help potential within the group," the analysts say. Shares are up 2.2% at 547 pence. (anthony.orunagoriainoff@dowjones.com)

0742 GMT - Singapore's retail sales outlook appears to be subdued over the coming months, says DBS senior economist Chua Han Teng in an email. Retail sales in June continued to expand for four consecutive months, rising 2.3% on year. However, the domestic labor market are expected to face external headwinds--as global economies, including Singapore, will be hurt by high U.S. tariffs and business uncertainties, he adds. Pointing to Singapore's quarterly labor force report, Chua says businesses are cautious about hiring and raising wages due to more economic uncertainties. Consumers are also likely more prudent and selective with spending, he adds. (amanda.lee@wsj.com)

0738 GMT - Saudi Aramco's spending appears to be running lower than its full-year expectations, with investments of $25.5 billion in the first half compared with full-year guidance of $52 billion to $58 billion, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say in a research note. "While spending typically picks up in the second half of the year, we think full year [capital expenditure] could come in towards the lower end of its guided range, subject to acquisitions," RBC says. The company--formally called Saudi Arabian Oil. Co--said its Berri and Marjan oil-crude projects, as well as the first phase of its Jafurah gas plant and the Tanajib gas plant, are on track for completion in 2025. Shares trade flat at 23.90 Saudi riyals. (adria.calatayud@wsj.com)

0737 GMT - BP shareholders will be glad to see the company's rise in earnings matched with financial discipline, Hargreaves Lansdown's Derren Nathan writes. The British energy major reports a further $900 million of cost savings as net debt continue to trend down, he adds. BP's management remains cautious on shareholder returns, opting to keep its reduced $750 million buyback with a modest 4% growth in its dividend, he adds. Shares trade up 1.6% 412.5 pence.(adam.whittaker@wsj.com)

0731 GMT - BP reported a solid set of second-quarter results, delivering a 13% beat for EBIT and 29% beat at the net income level, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. It's $750 million quarterly buyback and 4% dividend growth is in line with market expectations, they write. BP will conduct a review of its assets and undertake a cost review. It isn't immediately clear what this means for the Castrol strategic review and potential divestment, the analysts write. A decision may be deferred to allow the incoming Chair to review BP's capital allocation, they add. Shares trade up 1.3% at 411.45 pence. (adam.whittaker@wsj.com)

0730 GMT - Diaego's results were better than market expectations, but they don't particularly change the wider investment case positively or negatively, RBC Capital Markets says in a note. The U.K. drinks group's 2025 earnings were satisfactory overall, though there were substantial regional fluctuations in the last quarter of the year, the analysts say. The sales growth outlook for the new year is in line with current consensus, but holds out the prospect of better organic operating profit growth. The results may not be awesome, but they fulfill the most important criteria of consumer staples companies--they at least met expectations--the Canadian bank adds. RBC has a sector perform rating and a price target of 24 pounds on Diageo's stock. Shares are up 6.4% at 19.32 pounds. (joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

August 05, 2025 04:12 ET (08:12 GMT)

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