UPM and Sappi get more time for EU remedies
The European Commission is extending the deadline by 20 working days to 9 December for UPM-Kymmene and Sappi to propose remedies regarding their paper joint venture, valued at EUR 1.42 billion. The companies are planning remedies but no divestments. The Commission fears that the transaction, which would create Europe’s largest player, could limit competition in […]
Affärsvärlden issues a Buy rating for Softronic
Affärsvärlden issues a Buy rating for the IT consulting company Softronic in an analysis on Tuesday. Many IT consultants have had a tough time on the stock market, and Softronic is no exception, the publication notes. The big question now is whether IT consultants can retain their role and margins when AI makes the work […]
Rothschild & Co Redburn initiates coverage of Northrop Grumman with a Buy rating and a price target of 680 dollars
Rothschild & Co Redburn initiates coverage of Northrop Grumman with a Buy rating and a price target of 680 dollars
Applied Digital to build large AI campus in Finland
Applied Digital has signed an agreement for access to up to 1 GW of potential power capacity in Finland, the company’s first development opportunity outside the United States. The plan is for an AI campus that can be scaled to 1 GW, with initial power availability from 2028. The site will be marketed to global […]
US open to expanded defense cooperation with Iceland – BN
The US is open to expanding defense cooperation with Iceland, US Secretary of State Marco Rubio said during a press conference in Iceland, according to Bloomberg. He emphasized Iceland’s critical role in NATO’s defense and also sees opportunities for US investments in pharmaceuticals and biotechnology. Talks on bilateral trade are planned. Rubio also said that […]
Rettig’s holding in Terveystalo below 15 percent
Rettig Investments’ stake in Terveystalo fell below the 15 percent disclosure threshold on October 5. The holding now amounts to 19,037,669 shares, corresponding to 14.9860 percent of the shares and votes, compared with 16.65 percent at the previous disclosure. Terveystalo has a total of 127,036,531 shares.
Danish Aerospace receives ESA contract for mobile astronaut system
Danish Aerospace and Defence Company has signed an agreement with ESA to develop and build a prototype with critical components for a mobile LBNP system for astronauts. The technology is intended to counteract the physiological effects of microgravity and facilitate readaptation to Earth’s gravity. The prototype will be tested with DADC’s existing training equipment. University […]
Garo board member Lars Kongstad buys shares for SEK 1.1 million
Lars Kongstad bought 100,000 shares in electrical installation company Garo on 5 October, where he is a board member. The shares were bought at a price of SEK 11.40 per share, a transaction worth SEK 1.1 million. The transaction was made off-market. This is according to the Swedish Financial Supervisory Authority’s insider register. At year-end, […]
Norwegian Directorate of Fisheries proposes stricter requirements for full king crab quota
The Norwegian Directorate of Fisheries proposes that the turnover requirement for a full king crab quota be raised from NOK 200,000 to NOK 400,000 in 2027. The requirement concerns the previous year’s sales of species other than king crab. Lower turnover results in a reduced quota, at levels of 10, 25, 50 and the proposed […]
UK finance minister warns banks of difficult budget position – FT
UK Finance Minister John Healey has warned bank executives that the government is facing a difficult fiscal position ahead of the budget on 28 October. The Financial Times reports. Healey said at the same time that the government has not yet made a decision on any tax increases. The bank executives argued against higher taxes […]
