Mixed signals — flagged for narrative drift, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → ahead → broadly_in_line → ahead); last update 2026-05-07. Macro backdrop: recovery.
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Mixed signals — flagged for narrative drift, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → ahead → broadly_in_line → ahead); last update 2026-05-07. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 2 of 3 channels in agreement | tone 33.0 · broker 100.0 · director -100.0 · sector 12.3 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-05-07 · 21 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Not flagged | Not flagged as a pre-raise candidate. | |
| Narrative drift | Drifted | Narrative has drifted significantly from this company's historical baseline (1.1σ). Recent disclosures sit 1.1 standard deviations from this company's own historical narrative (5 recent vs 40 historical announcements compared). narrative drifted 1.1σ (mild)recent-vs-historical cosine 0.82 | |
| Broker actions — last 90 days (10) | |||
| 2026-05-08 | reiteration | Jefferiesbuy | GBX 295 |
| 2026-05-08 | target_cut | Berenberg Bankhold | GBX 245(was 255) |
| 2026-05-07 | reiteration | Stifelbuy | GBX 351 |
| 2026-04-08 | reiteration | JP Morgan CazenoveNeutral | 318p(was 278) |
| 2026-04-02 | initiation | PEEL HUNThold | 270p |
| 2026-04-02 | target_raise | BERENBERGhold | 255p(was 225) |
| 2026-03-20 | target_raise | GOLDMANsell | 250p(was 230) |
| 2026-03-17 | target_raise | BARCLAYSoverweight | 400p(was 380) |
| 2026-03-11 | reiteration | JP Morgan CazenoveNeutral | 278p(was 270) |
| 2026-03-05 | reiteration | Berenberg BankHold | 225p |
| Director deals — last 90 days (1; 1 sale) | |||
| 2026-03-11 | Sale | Potomac View Investments, L.P.60,000,000 shares | £1.53m |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
2 of 3 channels in agreement
Tone has been stable.
most recent 2026-05-07 · 21 statements in last 180d
Not flagged for distress.
Not flagged as a pre-raise candidate.
Narrative has drifted significantly from this company's historical baseline (1.1σ).
Recent disclosures sit 1.1 standard deviations from this company's own historical narrative (5 recent vs 40 historical announcements compared).
Jefferiesbuy
Berenberg Bankhold
Stifelbuy
JP Morgan CazenoveNeutral
PEEL HUNThold
BERENBERGhold
GOLDMANsell
BARCLAYSoverweight
JP Morgan CazenoveNeutral
Berenberg BankHold
Potomac View Investments, L.P.60,000,000 shares
Mixed signals — flagged for narrative drift, but forward-looking tone is also improving across 3 corroborating channels. Tone trajectory is stable ( → ahead → broadly_in_line → ahead); last update 2026-05-07. Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 2 of 3 channels in agreement | tone 33.0 · broker 100.0 · director -100.0 · sector 12.3 |
| Tone trajectory | stable | Tone has been stable. most recent 2026-05-07 · 21 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Not flagged | Not flagged as a pre-raise candidate. | |
| Narrative drift | Drifted | Narrative has drifted significantly from this company's historical baseline (1.1σ). Recent disclosures sit 1.1 standard deviations from this company's own historical narrative (5 recent vs 40 historical announcements compared). narrative drifted 1.1σ (mild)recent-vs-historical cosine 0.82 | |
| Broker actions — last 90 days (10) | |||
| 2026-05-08 | reiteration | Jefferiesbuy | GBX 295 |
| 2026-05-08 | target_cut | Berenberg Bankhold | GBX 245(was 255) |
| 2026-05-07 | reiteration | Stifelbuy | GBX 351 |
| 2026-04-08 | reiteration | JP Morgan CazenoveNeutral | 318p(was 278) |
| 2026-04-02 | initiation | PEEL HUNThold | 270p |
| 2026-04-02 | target_raise | BERENBERGhold | 255p(was 225) |
| 2026-03-20 | target_raise | GOLDMANsell | 250p(was 230) |
| 2026-03-17 | target_raise | BARCLAYSoverweight | 400p(was 380) |
| 2026-03-11 | reiteration | JP Morgan CazenoveNeutral | 278p(was 270) |
| 2026-03-05 | reiteration | Berenberg BankHold | 225p |
| Director deals — last 90 days (1; 1 sale) | |||
| 2026-03-11 | Sale | Potomac View Investments, L.P.60,000,000 shares | £1.53m |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (78% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
2 of 3 channels in agreement
Tone has been stable.
most recent 2026-05-07 · 21 statements in last 180d
Not flagged for distress.
Not flagged as a pre-raise candidate.
Narrative has drifted significantly from this company's historical baseline (1.1σ).
Recent disclosures sit 1.1 standard deviations from this company's own historical narrative (5 recent vs 40 historical announcements compared).
Jefferiesbuy
Berenberg Bankhold
Stifelbuy
JP Morgan CazenoveNeutral
PEEL HUNThold
BERENBERGhold
GOLDMANsell
BARCLAYSoverweight
JP Morgan CazenoveNeutral
Berenberg BankHold
Potomac View Investments, L.P.60,000,000 shares