Shein’s revenue edged up but operating profit fell sharply
Chinese fast-fashion giant Shein increased revenue marginally in the second quarter, while operating profit fell sharply as higher oil prices and freight costs pressured profitability. Revenue rose 0.9 percent to USD 11,082 million (10,988). The number of orders increased 7.6 percent to 298 million (277). Revenue growth was held back by a larger share of […]
Alecta and Handelsbanken Fonder join Loomis nomination committee
Cash-handling company Loomis has has appointed its nomination committee ahead of the annual general meeting to be held in Stockholm on 4 May 2027, according to a press release. The nomination committee consists of: * Elisabet Jamal Bergström, appointed by SEB Fonder, chair of the nomination committee * Caroline Sjösten, appointed by Swedbank Robur Fonder […]
Borregaard refinances sustainability-linked credit facilities
Borregaard has signed three five-year revolving credit facilities totaling NOK 1.5 billion with Danske Bank, DNB and SEB. The facilities replace corresponding credit facilities maturing in 2027 and have two possible one-year extensions. The margin is linked to targets for greenhouse gas emissions, workplace injuries and emissions of organic substances into the Glomma River.
SEB cuts the price target for Munters to SEK 210 (230), reiterates Buy
SEB cuts the price target for Munters to SEK 210 (230), reiterates Buy
MongoDB CEO leaves for Meta – former CEO returns temporarily
Database company MongoDB’s CEO Chirantan ”CJ” Desai is leaving his post with immediate effect to take up a senior position at Meta Platforms. This is according to a press release. The board has appointed Dev Ittycheria as acting CEO with immediate effect. He was CEO of MongoDB between 2014 and 2025, during which the company’s […]
Activist fund Jana pressures Fiserv to more than double savings – Reuters
Activist investor Jana Partners is urging payments company Fiserv to more than double its planned cost savings and use Palantir’s software to streamline operations. This is according to a letter seen by Reuters. Fiserv is targeting savings of 500 million dollars by 2029 under Project Elevate. Jana believes the target can be raised to 1.25 […]
Anseres Capital increases its stake in Berner Industrier to just over 5 percent
US asset manager Anseres Capital has increased its stake in the technology trading company Berner Industrier above the 5 percent disclosure threshold. As of September 28, the holding amounts to 5.01 percent of the capital and 3.15 percent of the votes in the company, according to a flagging notice.
Afv: Maintenance investments are property companies’ hidden cost
Affärsvärlden’s review shows that nearly a quarter of property companies’ property management earnings could disappear if their maintenance investments are taken into account. The situation is worst among office property companies. The paper writes this in a commentary on Monday. Affärsvärlden notes that it is difficult for outsiders to assess maintenance needs. “In general, it […]
Low subscription rate in Mendole’s new share issue – raises 3.6 million Danish kroner
Danish installation company Mendole’s directed issue and public offering were subscribed to 6.1 percent. In total, 523,889 new shares were subscribed for at a price of 6.90 Danish kroner, corresponding to 3.6 million Danish kroner. Existing shareholders are diluted by 8.9 percent. Issue costs amount to 0.65 million Danish kroner. The guarantee of 6.1 million […]
Afv: Highly uncertain situation at Better Collective after Brazilian gaming halt
The betting and affiliate company Better Collective provided an update over the weekend after Brazil banned betting and online gaming. The company is lowering its profit forecast for 2026 and withdrawing its guidance for 2027 and 2028. The board has also decided to stop the share buyback programme “The rules of the game have changed, […]
