Sources: Opec+ postpones review of production capacity – Reuters
The oil cartel Opec+ has delayed a review of member countries’ production capacity that will form the basis for oil quotas in 2027. Reuters reports this, citing two sources. The review was due to be completed in September but is now expected to be completed in mid-November. The war between the United States, Israel and […]
Two Sigma back as publicly disclosed short seller in Sivers Semiconductors
Two Sigma is back as a publicly disclosed short seller in semiconductor company Sivers Semiconductors, according to the Swedish Financial Supervisory Authority’s register. There are three publicly disclosed short sellers in the company. In total, 5.92 percent of the company’s capital is shorted. The Swedish Financial Supervisory Authority requires positions above 0.1 percent to be […]
Goodyear to close two chemical plants – incurs costs of up to USD 75 million
Tire giant Goodyear will close its chemical plants in Niagara Falls, New York, and Bayport, Texas, resulting in around 85 fewer jobs. This is stated in documents filed with the U.S. financial regulator SEC. The plan is expected to be largely completed before the end of 2027 and incur pre-tax costs of USD 55-75 million. […]
Bellman Group investigates suspected irregularities equivalent to approximately 5 percent of EBITA
Construction and contracting group Bellman Group is investigating suspected financial irregularities, including possible legal violations, within a limited part of the group. The company has initiated both an internal and an external investigation, according to a press release. The preliminary financial impact is estimated at around 5 percent of the group’s total EBITA during the […]
Connor Clark & Lunn new public short seller in Vitec – Tages no longer a public short seller
Connor Clark & Lunn is a new public short seller in the software company Vitec with a position equivalent to 0.5 percent of the share capital, up from previously below 0.5 percent. At the same time, Tages Capital has fallen below 0.5 percent and is therefore no longer a public short seller. There are four […]
Zurich completes acquisition of Beazley, creating the world’s largest specialty insurance business
Insurance group Zurich has completed the acquisition of Beazley and combined the company with its Global Specialty business. According to Zurich, this creates the world’s largest specialty insurance business, headquartered in London. Zurich expects the integration to contribute more than 1 billion dollars in additional annual revenue and at least 150 million dollars in annual […]
Stén & Co acquires 89 percent of Skandistål
The Finnish specialty steel company Stén & Co has acquired approximately 89 percent of the shares in Swedish Skandistål. The agreement was signed on 30 September and following the transaction, the group’s pro forma revenue exceeds EUR 80 million. Skandistål’s founder and CEO Per Lundqvist will continue as CEO and retain approximately 11 percent of […]
US politician demands Starbucks close stores in Xinjiang
A US congresswoman demands that coffee giant Starbucks close its two newly opened stores in Xinjiang, describing the establishment as a morally indefensible decision. Reuters reports this. The stores in the regional capital Urumqi are Starbucks’ first in Xinjiang. China rejects allegations of repression of Uyghurs and says the region is characterized by stability and […]
HSBC hires TMT head from Cantor Fitzgerald – Reuters
British banking giant HSBC has hired Paras Jain from Cantor Fitzgerald as global head of investment banking for technology, media and telecommunications. Reuters reports, citing sources. Jain is expected to start in November and will be based in New York. The hiring comes as HSBC seeks to expand in areas including financing AI infrastructure and […]
Reports: Eleda halts planned IPO – Di
The listing of serial acquirer Eleda was expected to become one of the year’s main events on the Stockholm Stock Exchange. Now majority owner Bain Capital has formally pulled the emergency brake and halted the process, according to several sources cited by Dagens industri. The announcement comes after several planned IPOs in the US were […]
