•RBC Capital Markets trimmed its price target for Rathbones Group from 2,400p to 1,950p while maintaining an 'outperform' rating.
•The company disclosed it will stop charging investment management fees on client cash and pause onboarding new enhanced due diligence clients for 12 months.
•Goldman Sachs analysts warned that tanker traffic through the Strait of Hormuz may never fully return to pre-war levels due to the use of alternative routes.
•The bank expects oil flows to recover to only 70% of pre-crisis levels, or 13 million barrels per day, by the end of July.
