Opportunities this week:

 In what was a solid set of results for H1’25, Diageo reported a net sales decline of -1% to £10.9bn, which was 2% ahead of market expectations and this was generated on the back of organic revenue growth of 1%, ahead of expectations for -1.7%. HOLD PT: £25.10
We came away from our post-results meeting with Ryanair last week with increased confidence on the airline’s prospects during the year ahead. Following this, we have updated our model, resulting in an increase to our DCF derived price target to €23.30
Amidst growing concerns regarding Trump initiated trade wars, we continue to rate Rio Tinto as a Buy with PT £60.75 and 26% upside.