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 […]
BTS signs agreement worth USD 12.8 million
BTS signs agreement worth USD 12.8 million
Norwegian cooperative apartment prices fell 1 percent in Q3
Prices of Norwegian cooperative apartments fell 1.0 percent in the third quarter compared with the previous quarter, according to NBBL. The decline corresponds to normal seasonal variations and indicates an underlying unchanged price trend. Year over year, prices rose 1.4 percent. The average price was NOK 4.5 million. NBBL expects a cautious price increase in […]
J&J: Icotyde demonstrates durable efficacy after two years
US pharmaceutical giant Johnson & Johnson reports new phase 3 data for the psoriasis drug Icotyde, icotrokinra. After 112 weeks, 70 percent had clear or almost clear skin. Complete clearance was achieved by 60 percent of patients with scalp psoriasis, 89 percent with genital psoriasis and 63 percent with symptoms on their hands or feet. […]
BTS wins AI contract worth USD 12.8 million
The consulting and training company BTS has signed a USD 12.8 million contract with a leading global company for AI implementation services. The contract runs during the third and fourth quarters of 2026 and the first quarter of 2027. Most of the revenue is expected to be recognized in the fourth quarter of 2026. BTS […]
£16.5 billion data center planned in Scotland
CX Tech plans to invest £16.5 billion in a data center campus at the site of the former Chapelcross nuclear power station in Scotland. Sky News reports. The project comprises eight data centers with a combined capacity of 1 gigawatt and is expected to create around 500 permanent jobs. The Scottish Green Party opposes the […]
Goldman Sachs raises target price for Handelsbanken to SEK 137 (136), reiterates sell – BN
Goldman Sachs raises target price for Handelsbanken to SEK 137 (136), reiterates sell – BN
OMXS30 index heading for a losing week
Stockholm Stock Exchange’s OMXS30 index is rising sharply by 1.3 percent on Friday, but the week as a whole has so far brought declines. At the time of writing, the OMXS30 index is down 0.8 percent for the week. Last week, the index rose 0.9 percent. The September closing figures showed a monthly decline of […]
Rieber & Søn buys shares in Scana for 6.2 million Norwegian kroner
Industrial company Scana’s major shareholder Rieber & Søn bought 4 439 809 shares in the company on 2 October at a price of 1.40 Norwegian kroner per share. The purchase price amounts to approximately 6.2 million Norwegian kroner. Following the transaction, Rieber & Søn owns 154 924 375 shares in Scana, corresponding to 33.54 percent […]
UBS raises target price for Nordea to SEK 225, ‘growth more important than buybacks’
UBS repeats its Buy rating on Nordea and raises its target price to SEK 225 from SEK 210, according to a research note. The research house believes it is right to prioritise organic growth over share buybacks, particularly with a return on tangible equity of around 18 percent. UBS expects net interest income to rise […]
