Trophy Games pays EUR 2.25 million in cash at closing
Trophy Games pays EUR 2.25 million in cash at closing
Paradox sells Playrion to Trophy Games
Paradox sells Playrion to Trophy Games
Finnish Financial Supervisory Authority approves Revenio’s rights issue prospectus
The Finnish Financial Supervisory Authority has approved Revenio Group’s Finnish-language prospectus for the company’s fully underwritten rights issue of approximately EUR 80 million, according to a press release. The subscription period begins on 28 September and runs until 12 October. Trading in subscription rights on Nasdaq Helsinki takes place between 28 September and 6 October. […]
Volkswagen and Audi recall 2.9 million cars
German automotive giants Volkswagen and Audi are recalling around 2.86 million vehicles globally due to a bolt that may break and, in the worst case, cause steering failure. Bloomberg News reports this, citing the German Federal Motor Transport Authority KBA. The recall covers approximately 2.16 million Volkswagen Golf, Golf Variant, Tiguan, Touran and Caddy vehicles […]
Tata Motors warns of price hikes after rising raw material costs
Tata Motors is considering further price hikes as rising raw material costs put pressure on margins. Reuters reports. Raw material inflation is expected to weigh on margins in the passenger vehicle business by the equivalent of 3 percent of revenue during July-September, after 4 percent in the previous quarter. At the same time, higher fuel […]
DNB Carnegie brokers block of 1.2% of shares in Combinedx
DNB Carnegie on Friday brokered an internal block trade of 242,722 shares in IT consulting company Combinedx at a price of SEK 24.50 per share. The transaction amounts to SEK 5.9 million and corresponds to 1.2% of the shares in the company.
Reports: BASF sounding out acquisition of Evonik – FT
BASF has contacted German rival Evonik about a possible takeover that would strengthen the chemical giant’s geographical presence and product offering. Financial Times reports this, citing people familiar with the matter. BASF is said to have recently presented a merger proposal to Evonik and the company’s largest shareholder RAG-Stiftung, which owns 44 percent. Evonik has […]
Deutsche Bank cuts its price target for PayPal to USD 55 (60), repeats its Hold rating
Deutsche Bank cuts its price target for PayPal to USD 55 (60), repeats its Hold rating
Manulife expects two rapid interest rate hikes in Canada
The Bank of Canada is expected to raise its policy rate at its next two meetings as the conflict in the Middle East increases the risk of broader inflationary pressures. Bloomberg News reports this, citing Manulife strategist Dominique Lapointe. Manulife is thus changing its previous forecast of an unchanged interest rate through the end of […]
Bailey: High energy prices make it harder to keep interest rates unchanged
Bank of England Governor Andrew Bailey says that persistently high energy prices are making it increasingly difficult for the central bank to keep its policy rate unchanged. Reuters reports. Bailey also said that the bank cannot wait for conclusive evidence of how energy prices are affecting inflation expectations, even though the pass-through has so far […]
