Panmure Gordon states the case for a bid of nearer £60/share for Shire (SHP.L) after the latest bid from AbbVie values the company at £51.15/share.

Admiral (ADM.L) lacklustre statement earlier has prompted a note of caution from Canaccord Genuity and forced a downgrade of its rating from HOLD to SELL.

Credit Suisse start coverage of TSB with an UNDERPERFORM rating citing downside risk concerns and difficulties in its complex relationship with parent group Lloyds (LLOY.L).

Berenberg urges caution in firm Provident Financial (PFG.L) and downgrades the share to HOLD from BUY

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