Daily Stock Market Report (Thur 19 June 2025) - JNEO, ANP, HSW, XPS, CAPD, HAYS, REVB, MEGP

Good morning!
The Federal Reserve did as expected, keeping interest rates unchanged, and continuing to indicate two rate cuts later this year.
And I've published an article to provide an overview of the PE investment trust sector - here's the link.
Spreadsheet accompanying this report: link.
Let's wrap it up there, thank you.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Whitbread (LON:WTB) (£4.9bn)1st Quarter ResultsQ1 LfL sales -1%, total sales -4%. “On track to deliver incremental profit of gt;£300m by FY30”.Assura (LON:AGR) (£1.6bn)Offer UpdatesOnly one regulatory condition is outstanding. Copies of takeover loan agreement published online.Hays (LON:HAS) (£1.1bn)Y/E Trading UpdatePW. Adj. op profit for FY 6/2025 c. £45m, v. £56.4m consensus. Low client and candidate confidence.BLACK (AMBER/RED) (Graham)Downgrading this on the basis that profit warnings tend to be followed by other profit warnings. Mark correctly noted that there was risk associated with an H2 EPS weighting here. That risk has now materialised. The EPS forecast trend was miserable anyway. What's really disappointing as far as I'm concerned is how badly this sector has performed even though the major economies are not in recession. Either they are extremely economically sensitive, or...