Länsförsäkringar to cut 400 jobs – aims to reduce costs by at least SEK 2 billion
Länsförsäkringar is giving notice of 400 jobs as part of a three-year efficiency program. The aim is to reduce the cost base by at least SEK 2 billion and strengthen competitiveness. The job cuts do not affect the 23 regional companies. Trade union negotiations are under way and the notice has been submitted to the […]
Goldman Sachs significantly beats expectations (update)
(more details) The US investment bank Goldman Sachs reports revenue and earnings that exceeded expectations in the third quarter. Revenue amounted to 18,68 billion dollars (15,18), compared with the Factset analyst consensus of 16,83. The 23 percent increase was primarily due to higher net revenue within Global Banking & Markets, where revenue rose 32 percent […]
Far better than expected from Goldman Sachs
US investment bank Goldman Sachs reports revenue and earnings that were higher than expected in the third quarter. Revenue amounted to 18,68 billion dollars (15,18), compared with the Factset analyst consensus of 16,83. Earnings per share amounted to 17,01 dollars (12,25), which is 32,3 percent higher than the analyst consensus of 12,86. Goldman Sachs, USD […]
Today’s stock recommendations at a glance
The table below shows a selection of the recommendation news that Finwire News has reported today. StockRecommendations and price targetsA.P. Möller-MaerskSEB downgrades A.P. Möller-Maersk to Sell (Hold), price target DKK 21 500 (20 000)AkastorSEB cuts the price target for Akastor to NOK 17.5 (20), maintains BuyAlfa LavalBNP Paribas upgrades Alfa Laval to Neutral (Underperform), price […]
Millennium becomes first publicly disclosed short seller in Verisure
Millennium International Management has taken a publicly disclosed short position in security company Verisure. The position amounts to 0.51 percent of the capital. Millennium is the only publicly disclosed short seller in the company. In total, 3.65 percent of the capital in Verisure is shorted. Millennium International Management is part of the US asset manager […]
Calviks receives Norwegian competition approval for acquisition of Subshore
Investment company Calviks has received approval from the Norwegian Competition Authority for the acquisition of 70 percent of Subshore, the company’s largest acquisition to date. The transaction values Subshore at NOK 255 million and the initial purchase price amounts to NOK 178.5 million, of which NOK 125 million is paid in cash. In addition, performance-based […]
Biontech misses primary endpoint in phase 2/3 trial of BNT113
German pharmaceutical company Biontech’s cancer immunotherapy BNT113 in combination with pembrolizumab did not meet the primary endpoint of progression-free survival in the phase 2/3 AHEAD-MERIT trial, compared with pembrolizumab alone. The study, which includes patients with HPV16-positive head and neck cancer, is continuing as planned to evaluate the second primary endpoint, overall survival. A statistically […]
Netflix secures exclusive rights to show 2030 FIFA World Cup to viewers in Spain and Andorra
Streaming giant Netflix has secured exclusive rights to show all matches from the 2030 FIFA World Cup for men to viewers in Spain and Andorra, according to a press release. The agreement covers live broadcasts of all matches as well as studio broadcasts before, during and after the matches. Netflix will also offer daily highlights […]
Alibaba launches new AI glasses
Chinese e-commerce giant Alibaba has unveiled a new generation of smart glasses in the Qwen Glasses N1 series, featuring improved cameras, sensors and AI functions. Seeking Alpha reports. The glasses offer features including shopping, payments and health monitoring. The base model costs 2,999 yuan, equivalent to approximately 450 dollars, while the Pro version with eye […]
Nasdaq Helsinki suspends trading in Digitalist Group
Nasdaq Helsinki has decided to suspend trading in Digitalist Group’s shares and related financial instruments. According to the exchange operator, the trading halt is due to insider information about the company or its financial instruments not having been disclosed. All order books will be cleared and the trading halt will remain in effect until further […]
