Bitget pauses withdrawals after breach affecting assets worth 352 million dollars
The cryptocurrency exchange Bitget says that assets worth approximately 351.6 million dollars have been affected by unauthorized transfers from certain digital wallets. Withdrawals have been temporarily paused while the incident is investigated. Bitget says that customer balances are accurate and that trading and deposits are functioning. Cold wallets are not believed to have been affected. […]
SB1 Markets sees continued earnings growth for Scandi Standard – raises price target
SB1 Markets reiterates its Buy rating on chicken producer Scandi Standard and raises the price target to SEK 190 from SEK 180. Ahead of Q3, the research house expects adjusted EBIT of SEK 206 million, 6 percent below consensus, as higher feed costs weigh on Ready-to-cook (RTC). However, the headwinds are considered temporary. Ready-to-Eat (RTE), […]
SB1 Markets cuts price target for AAK – growth path less clear
SB1 Markets repeats its Buy rating for AAK, which produces plant-based specialty ingredients, but cuts the price target to SEK 220 from SEK 270 ahead of the Q3 report. The bank expects adjusted EBIT of SEK 1,206 million, 3 percent below consensus. Food Ingredients is expected to remain under pressure from unfavorable raw material prices […]
Epiroc downgraded to Neutral by SB1 Markets – valuation reflects high expectations
SB1 Markets downgrades the recommendation for mining equipment company Epiroc to Neutral from Buy and the price target to SEK 280 from SEK 305. The bank expects continued strong demand in Equipment and Service, driven by high copper and gold prices, and forecasts 7 percent order growth and 16 percent EBIT growth in 2027. At […]
Flatexdegiro changes management – appoints new CEO and CFO
Online broker Flatexdegiro appoints Benon Janos as CEO with immediate effect. Together with existing CEO and Chairman Oliver Behrens, he will lead the business and be responsible for continued expansion in online brokerage, according to a press release. Behrens will be responsible for B2B and Treasury. Thomas Lindner is promoted to CFO. His appointment is […]
France wants to keep the UK out of the EU’s ‘Made in Europe’
France is pushing for the UK to be excluded from the EU’s planned “Made in Europe” rules, which are intended to favor European products in public subsidies and procurement, including in renewable technology and electric vehicles. The Guardian reports. France primarily wants to limit the rules to the EU’s 27 member states, while Germany and […]
EU presses UK for higher tariffs on Chinese cars – FT
The EU has indicated that the UK could avoid trade barriers under the proposed ”Made in Europe” rules by raising tariffs on Chinese cars and moving closer to the bloc’s trade policy. Financial Times reports, citing sources. The UK currently has a 10 percent tariff on Chinese cars, while the EU imposes additional tariffs on […]
SB1 Market says H&M’s margin tailwind risks reversing
SB1 Markets repeats a neutral rating for fashion company H&M with a price target of SEK 170. The bank continues to see weak sales and expects the previous margin tailwind to fade, partly due to higher costs for digitalisation, transportation and raw materials. Estimates for net profit in 2027-2028 are lowered by 1-2 percent. The […]
Swedish National Debt Office seeks to clarify management of government debt maturity
The Swedish National Debt Office proposes a target value of 4.75 years for the maturity of government debt, with a deviation interval of 3.75–5.75 years. This replaces the current maturity interval but does not change the borrowing strategy. The authority also wants to remove the mandate for positions in the krona exchange rate when strategic […]
Producer prices in Sweden increased year-over-year in August (update)
(addition throughout the news item) Producer prices in Sweden increased year-over-year in August. Year-over-year, producer prices rose 6.8 percent (+6.4). The monthly change showed an increase of 0.9 percent in August compared with July. On the import market, prices rose by 0.5 percent, and on the domestic market they rose by 1.5 percent. On the […]
