Forward-looking tone is improving across 3 channels (3 in agreement). No distress, pre-raise or narrative-drift signals firing. Tone trajectory is improving ( → → → ); last update 2026-03-18. Next results expected in 51 days (2026-07-01); the earnings model leans below (41% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 3 of 3 channels in agreement | tone 38.0 · broker 100.0 · director 0.4 · sector 12.3 |
| Tone trajectory | improving | Tone has been improving. most recent 2026-03-18 · 28 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Not flagged | Not flagged as a pre-raise candidate. | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted below | Next results expected in 51 days (2026-07-01). Model leans below of consensus. 41% below · 31% inline · 28% ahead · 41% model confidence · calendar low | |
| Broker actions — last 90 days (3) | |||
| 2026-03-20 | target_raise | GOLDMANneutral | 260p(was 240) |
| 2026-03-19 | target_raise | GOLDMANneutral | 240p(was 210) |
| 2026-03-19 | target_raise | BARCLAYSunderweight | 200p(was 100) |
| Director deals — last 90 days (15; 8 purchases / 1 sale) | |||
| 2026-03-19 | Sale | Iain Lewis31,811 shares | — |
| 2026-03-06 | Purchase | Yaniv Friedman62 shares | £2 |
| 2026-03-06 | Purchase | Iain Lewis62 shares | £2 |
| 2026-03-06 | Purchase | Luciano Vasques62 shares | £2 |
| 2026-03-06 | Purchase | Kathryn Reid | — |
| 2026-03-06 | Award | Iain Lewis124 shares | £0 |
| 2026-03-06 | Award | Luciano Vasques124 shares | £0 |
| 2026-03-06 | Award | Yaniv Friedman124 shares | £0 |
| 2026-02-05 | Award | Iain Lewis160 shares | £0 |
| 2026-02-05 | Purchase | Yaniv Friedman80 shares | £2 |
| 2026-02-05 | Purchase | Iain Lewis80 shares | £2 |
| 2026-02-05 | Purchase | Luciano Vasques80 shares | £2 |
| 2026-02-05 | Award | Yaniv Friedman160 shares | £0 |
| 2026-02-05 | Purchase | Kathryn Reid | — |
| 2026-02-05 | Award | Luciano Vasques160 shares | £0 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (77% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
3 of 3 channels in agreement
Tone has been improving.
most recent 2026-03-18 · 28 statements in last 180d
Not flagged for distress.
Not flagged as a pre-raise candidate.
Narrative consistent with historical baseline.
Next results expected in 51 days (2026-07-01). Model leans below of consensus.
41% below · 31% inline · 28% ahead · 41% model confidence · calendar low
GOLDMANneutral
GOLDMANneutral
BARCLAYSunderweight
Iain Lewis31,811 shares
Yaniv Friedman62 shares
Iain Lewis62 shares
Luciano Vasques62 shares
Kathryn Reid
Iain Lewis124 shares
Forward-looking tone is improving across 3 channels (3 in agreement). No distress, pre-raise or narrative-drift signals firing. Tone trajectory is improving ( → → → ); last update 2026-03-18. Next results expected in 51 days (2026-07-01); the earnings model leans below (41% confidence). Macro backdrop: recovery.
| Signal / Date | Status | Detail | Indicator |
|---|---|---|---|
| Composite signals | |||
| Multi-channel | Improver flagged | Tone improving across multiple channels — flagged improver in MAIN_MARKET. 3 of 3 channels in agreement | tone 38.0 · broker 100.0 · director 0.4 · sector 12.3 |
| Tone trajectory | improving | Tone has been improving. most recent 2026-03-18 · 28 statements in last 180d | |
| Distress | Not flagged | Not flagged for distress. | |
| Pre-raise | Not flagged | Not flagged as a pre-raise candidate. | |
| Narrative drift | Stable | Narrative consistent with historical baseline. | |
| Forward catalyst | |||
| Upcoming results | Predicted below | Next results expected in 51 days (2026-07-01). Model leans below of consensus. 41% below · 31% inline · 28% ahead · 41% model confidence · calendar low | |
| Broker actions — last 90 days (3) | |||
| 2026-03-20 | target_raise | GOLDMANneutral | 260p(was 240) |
| 2026-03-19 | target_raise | GOLDMANneutral | 240p(was 210) |
| 2026-03-19 | target_raise | BARCLAYSunderweight | 200p(was 100) |
| Director deals — last 90 days (15; 8 purchases / 1 sale) | |||
| 2026-03-19 | Sale | Iain Lewis31,811 shares | — |
| 2026-03-06 | Purchase | Yaniv Friedman62 shares | £2 |
| 2026-03-06 | Purchase | Iain Lewis62 shares | £2 |
| 2026-03-06 | Purchase | Luciano Vasques62 shares | £2 |
| 2026-03-06 | Purchase | Kathryn Reid | — |
| 2026-03-06 | Award | Iain Lewis124 shares | £0 |
| 2026-03-06 | Award | Luciano Vasques124 shares | £0 |
| 2026-03-06 | Award | Yaniv Friedman124 shares | £0 |
| 2026-02-05 | Award | Iain Lewis160 shares | £0 |
| 2026-02-05 | Purchase | Yaniv Friedman80 shares | £2 |
| 2026-02-05 | Purchase | Iain Lewis80 shares | £2 |
| 2026-02-05 | Purchase | Luciano Vasques80 shares | £2 |
| 2026-02-05 | Award | Yaniv Friedman160 shares | £0 |
| 2026-02-05 | Purchase | Kathryn Reid | — |
| 2026-02-05 | Award | Luciano Vasques160 shares | £0 |
| Backdrop | |||
| UK macro regime | recovery | UK cycle classification: recovery (77% confidence). | See macro indicators → |
Tone improving across multiple channels — flagged improver in MAIN_MARKET.
3 of 3 channels in agreement
Tone has been improving.
most recent 2026-03-18 · 28 statements in last 180d
Not flagged for distress.
Not flagged as a pre-raise candidate.
Narrative consistent with historical baseline.
Next results expected in 51 days (2026-07-01). Model leans below of consensus.
41% below · 31% inline · 28% ahead · 41% model confidence · calendar low
GOLDMANneutral
GOLDMANneutral
BARCLAYSunderweight
Iain Lewis31,811 shares
Yaniv Friedman62 shares
Iain Lewis62 shares
Luciano Vasques62 shares
Kathryn Reid
Iain Lewis124 shares
Luciano Vasques124 shares
Yaniv Friedman124 shares
Iain Lewis160 shares
Yaniv Friedman80 shares
Iain Lewis80 shares
Luciano Vasques80 shares
Yaniv Friedman160 shares
Kathryn Reid
Luciano Vasques160 shares
Luciano Vasques124 shares
Yaniv Friedman124 shares
Iain Lewis160 shares
Yaniv Friedman80 shares
Iain Lewis80 shares
Luciano Vasques80 shares
Yaniv Friedman160 shares
Kathryn Reid
Luciano Vasques160 shares
