0912 gmt  harbour energy looks like it is in a sweet spot in cash generation terms as it benefits from historically high gas and oil prices peel hunt analysts werner riding and matt cooper say in a research note the oilandgas companys balance sheet has continued to strengthen rapidly amid a strongly rising commodity price backdrop with interim results showing a strong operating and financial performance they say one headwind it may face though is a higher tax bill from the windfall tax that will reduce profitability over the coming years to some degree they add peel hunt has an add rating on the stock with a target price of 525 pence shares trade up 10 at 47370 pence kylemorrisdowjonescom hays shares might have further to go after upbeat fy 0911 gmt  hays gains 3 to 119 pence after the uk recruitment group reported higher annual profit and declared a special dividend the results matched expectations rbc capital markets says adding that the companys shares could exceed the brokerages 165p price target given the alltimehigh discount at which staffing stocks are trading versus defensive alternatives history has shown these stocks tend to move early and typically outperform into the teeth of the worst economic newsuncertainty rbc analysts say in a note whilst macro sentiment is febrile as europe stares down the barrel of potential primary energy shortages this winter we nevertheless see favorable riskreward at hays in the context of the broader sector philipwallerwsjcom 0905 gmt  sterling could recover further against the dollar as speculators who have been betting on the dollar rising take profit on those trades ing says in a note rising prices of sterling may prompt traders to buy back the currency pushing it even higher with the market long dollars cable gbpusd is at risk of a short squeeze ing analyst chris turner says in a note we see 11880 as key intraday resistance here above which we could be looking at a retest of 120 he says gbpusd rises 03 to 11851 renaedyerwsjcom uk inflation expected to peak at 145 in january as gas prices jump 0827 gmt  inflation in the uk is expected to accelerate to a peak of 145 in january from julys 101 due to the recent leap in wholesale gas prices capital economics chief uk economist paul dales says in a note the british energy regulator ofgem is expected to raise the utility price cap by around 80 for october rather than the 60 rise previously expected pushing consumers electricity and gas bills further up he says while inflation will most probably still fall in 2023 the average rate next year is likely to be 86 rather than 72 previously forecast dales says cpi inflation is unlikely to fall back to the 2 target until the start of 2024 at the earliest he says xavierfontdegloriawsjcom harbour energy seen with more buybacks ahead 0729 gmt  harbour energy looks set for more share buybacks ahead after increasing its current program to 300 million from 200 million in its firsthalf results jefferies analysts mark wilson and ruben dewa say in a research note the oilandgas company posted excellent interim results with net profit of 984 million materially beating companycompiled consensus of 495 million they say this in turn helped secure a material beat for net debt which was 11 billion compared with expectations of around 15 billion they add jefferies has a buy rating on the stock with a target price of 490 pence shares trade up 98 at 47270 pence kylemorrisdowjonescom delivery hero stock has potential as company moves toward profitability 0721 gmt  delivery hero posted a wider net loss for the first half but shares of the german fooddelivery company have the potential to rerate as the firm moves into profitability next year rbc capital markets analysts write in a note to clients our confidence in delivery heros path to profitability ultimately stems from its operational execution which we believe is leading in the industry delivery heros scale highly predictable cohort behavior and material future cash flows make valuation look compelling at these levels the analysts write delivery hero shares trade 13 lower at eur4725 mauroorruwsjcom mauroorru94 0623 gmt  farfetch looks to have called a lot of the shots in the deal with richemont to take a stake in ecommerce business ynap analysts at jefferies write in a note the britishportuguese luxury onlinemarketplace company will acquire nearly half of ynapwith the possibility of taking a 100 stake in the futurein exchange for farfetch shares transferred to swiss group richemont from the deal richemont achieves the longawaited deconsolidation of ynap though farfetch arguably gets more not only the ynap business but econcessions from richemont brands and the group as a major shareholder and essentially recapitalization of ynap for free by richemont jefferies says with few other players apparently interested in taking a stake it looks as if farfetch was able to largely call the shots the bank says joshuakirbywsjcom joshualeokirby