Major banks handled billions from Russian-funded A7 – FT
Standard Chartered, Citigroup and other international banks handled billions in funds from companies linked to the Kremlin-backed fintech group A7, which according to the Financial Times used forged documents and shell companies to gain access to the global financial system. According to the newspaper’s investigation, more than 6.9 billion dollars, equivalent to 68 billion kronor, […]
Santander raises Neste price target to EUR 36 (33), reiterates Neutral – BN
Santander raises Neste price target to EUR 36 (33), reiterates Neutral – BN
Skanska to build data center in the US for SEK 780 million
Construction company Skanska has signed an agreement with an existing customer to begin construction of a data center in the state of Georgia, USA. The contract is worth USD 84 million, corresponding to SEK 840 million, which will be included in order bookings for the third quarter, according to a press release. The project comprises […]
On Holding presents new financial targets, plans $1 billion share buyback
Sportswear company On has presented new financial targets for the 2026-2029 period. This is stated in a press release issued in connection with the company’s capital markets day. On is targeting annual sales growth in constant currency in the upper-teens range and net sales of at least 5.6 billion Swiss francs in 2029, equivalent to […]
Local CDU leader resigns after historic election defeat
Daniel Peters is resigning as CDU leader in Mecklenburg-Vorpommern after the party failed to enter the state parliament. Several media outlets report. The CDU received 4.9 percent of the votes and therefore failed to clear the five-percent threshold, marking the first time the party had failed to win seats in a German state parliament. AfD […]
NCC signs ten-year agreement worth up to SEK 5 billion
Construction company NCC has signed a strategic cooperation agreement with an unnamed customer for security-classified building and civil engineering projects. The agreement runs for ten years and is estimated to have an order value of SEK 3–5 billion. The projects will be called off on an ongoing basis and registered as orders within NCC Building […]
Jefferies cuts price target for Novo Nordisk to 275 Danish kroner, repeats Hold
Jefferies repeats its Hold recommendation for Danish pharmaceutical company Novo Nordisk and cuts the price target to 275 Danish kroner from 285. The bank believes that the capital markets day did not reduce uncertainty surrounding the company’s development ahead of semaglutide’s upcoming patent expiry. According to Jefferies, the stock trades at a premium to the […]
AQ Group acquires Norlake’s business assets in the US
Industrial group AQ Group is acquiring business assets and properties from transformer manufacturer Norlake in the state of Ohio, USA. The purchase price is USD 1.4 million, and AQ is assuming and settling liabilities of approximately USD 12 million. “The purpose of the acquisition is to expand AQ’s production capacity and customer base, as well […]
BoE warns of AI risks in financial markets – BN
Bank of England Deputy Governor Sarah Breeden warns that time is running short to address the risk of autonomous AI agents causing severe disruption in financial markets. Bloomberg News reports. The central bank is examining the possibility of a so-called kill switch that could limit or halt trading if AI models create market stress. Breeden […]
Øyulf Hjertenes becomes new CEO of Polaris Media
Polaris Media has appointed Øyulf Hjertenes as its new Group CEO, taking office during the first quarter of 2027. This is stated in a press release. Hjertenes most recently held the role of Executive Vice President at Schibsted Media and has 30 years of experience in the media industry. Among other positions, he has previously […]
