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 […]
Board member increases holding in Genovis
On 2 October, Steven Jordan purchased 6,648 shares in the biotechnology company Genovis, where he is a board member. The shares were purchased at a price of GBP 1.48 per share. The purchase price amounts to GBP 9,839. This is disclosed in the Swedish Financial Supervisory Authority’s insider register. The transaction took place outside the […]
US imposes sanctions on A7 network
The US Department of the Treasury is imposing sanctions on A7 Network, a Russia-linked shadow banking network that, according to US authorities, has been used by Iran and other actors to circumvent sanctions and move money through the international financial system. This is stated in a press release. FinCEN, an agency within the Treasury Department, […]
Cisco trades ex-dividend today
Cisco trades today ex-dividend, without entitlement to a dividend of 0.42 dollars per share. This is according to FactSet.
Bristol-Myers Squibb trades ex-dividend today
Bristol-Myers Squibb trades today ex-dividend, with a dividend of 0.63 dollars per share. This is according to Factset.
SEB repeats Buy rating on JM
SEB repeats its Buy rating on residential developer JM and marginally lowers its price target to SEK 149 from SEK 150. The bank believes the stock has limited downside and that little is needed for a revaluation. Ahead of the third quarter, SEB expects revenue to increase 19 percent and EBIT 78 percent year-over-year, against […]
Saga Furs appoints Juhani Tanayama as project director
The fur auction company Saga Furs has appointed Juhani Tanayama as project director, responsible for planning and driving the company’s strategic development initiatives. He reports directly to CEO Markus Gotthardt. Tanayama has international experience in areas including operations, production, supply chains and development projects in the food and logistics industries. Saga Furs’ brokerage sales more […]
Sources: Airbus delivered around 72 aircraft in September – Reuters
Airbus delivered around 72 aircraft in September, compared with 73 in the same month last year, industry sources told Reuters. The figure is preliminary and higher than analysts’ estimates. Jefferies had expected 68 aircraft. Airbus will publish official monthly figures on October 8. The increase in deliveries comes after concerns about delays, including those related […]
