Solidium intends to sell 70 million shares in Sampo
Finland’s state-owned investment company Solidium has launched a sale of 70 million A shares in insurance group Sampo through an accelerated bookbuilding process directed at Finnish and international institutional investors. The shares correspond to approximately 2.6 percent of the outstanding shares in Sampo. Before the sale, Solidium owns approximately 164 million A shares, corresponding to […]
Stockholm Stock Exchange rose for second consecutive day, OMXS30 index up 0.9 percent
The Stockholm Stock Exchange rose for the second consecutive day on Tuesday, supported by the rise on Wall Street the previous day, when AI optimism gained fresh momentum. The oil price was in focus on Tuesday, falling back somewhat after initial gains as hopes of diplomatic progress in the Iran war increased. Iran has offered […]
Kosta glassworks to cut 55 jobs
Kosta glassworks is issuing redundancy notices affecting 55 jobs, according to information provided to Smålandsposten. The cuts affect glassworkers in the hot shop and grinding department, as well as salaried employees. The glassworks is owned by Orrefors Kosta Boda, which in turn is owned by New Wave Group. Profitability has been a challenge, and parts […]
EU extends Russia sanctions – Usmanov and Fridman removed
EU ambassadors have agreed to extend sanctions against around 3,000 Russia-linked individuals and organizations for three years. At the same time, billionaires Alisher Usmanov and Mikhail Fridman are being removed from the sanctions list, Reuters reports, citing EU diplomats. The decision came after protracted negotiations in which Latvia was the last country to oppose the […]
Sources: RAC puts IPO on hold – owners negotiate sale – Sky News
RAC is putting plans for a London listing worth around £5 billion on hold. Instead, owners GIC and Silver Lake are negotiating to sell their holdings to co-owner CVC Capital and other investors through a so-called continuation vehicle. Sky News reports this, citing sources. A deal would push an IPO back by at least 18 […]
Worldquant no longer a public short seller in Biogaia
Worldquant has reduced its short position in the probiotic company Biogaia to below 0.5 percent of the capital and is therefore no longer a public short seller. There are no public short sellers in the company. In total, 1.23 percent of the capital is shorted in the company. Worldquant is a US-based quantitative asset manager. […]
American F-16 jet crashes in Germany – Reuters
An American F-16 fighter jet stationed at Spangdahlem Air Base in western Germany crashed on Tuesday. The pilot ejected and is receiving medical care, Reuters reports, citing the US military. The cause of the crash is being investigated and rescue personnel are at the scene.
Zealand Pharma launches phase 3 program for petrelintide
Zealand Pharma has initiated the global pivotal phase 3 ZUPREME program for the weight-loss drug petrelintide in people with overweight or obesity. The program is being conducted together with Roche and comprises three studies with a total of approximately 7,000 participants. Petrelintide is administered once a week and compared with placebo in patients with and […]
Netflix: HSBC downgrades to Hold and cuts price target to USD 76
HSBC downgrades streaming company Netflix to Hold from Buy and cuts the price target to USD 76 from USD 96, while Buy and the USD 675 price target are reiterated for music streaming company Spotify. HSBC believes that YouTube is taking an increasing share of viewing time from Netflix and sees no imminent recovery in […]
DNB Carnegie raises its price target for Stolt-Nielsen to NOK 410 (390), reiterates Buy – BN
DNB Carnegie raises its price target for Stolt-Nielsen to NOK 410 (390), reiterates Buy – BN
