Iran: Three injured after drone incident near Strait of Hormuz – Fars
Three people have been injured after a drone collided with an Iranian fishing vessel near the Strait of Hormuz, Bloomberg reports, citing the Iranian news agency Fars. According to authorities in Hormozgan Province, the vessel is based in the Sirik area near Bandar Kolahi. The injured are being transported ashore. It has not emerged who […]
Sources: EU negotiating with China on easing sanctions for German ASML supplier – BN
The EU is negotiating with China to lift the sanctions against German Sindlhauser Materials, an important supplier to ASML, Bloomberg News reports, citing sources. In exchange, the EU may drop restrictions against a Chinese company accused of supporting Russia’s war in Ukraine. Sindlhauser, which is heavily dependent on Chinese rare earth metals, risks bankruptcy within […]
BofA sees long-term benefits for BYD and Geely
Bank of America reiterates its Buy rating for the Chinese automakers BYD and Geely, which are expected to benefit in the long term from increased local production in Europe. The EU is considering import quotas for Chinese hybrid cars, which could limit exports in the short term. At the same time, China is expected to […]
Point72 Europe is no longer a public short seller in SKF
Point72 Europe has reduced its short position in engineering company SKF below the public disclosure threshold and is therefore no longer a public short seller in the company. There are four public short sellers in the company. In total, 6.7 percent of the company’s capital is shorted. The Swedish Financial Supervisory Authority requires positions above […]
Morgan Stanley reports revenue in line with expectations – profit increases (update)
(more details) US investment bank Morgan Stanley reports revenue in line with expectations for the third quarter. Earnings per share were better than expected. Revenue amounted to USD 20.34 billion (18.22), compared with the FactSet analyst consensus of 19.93. Revenue in investment banking increased by 2 percent to USD 2.16 billion during the quarter. Institutional […]
Barclays sees share-price pressure for Ørsted after new US development
Barclays repeats its Neutral rating for Danish wind power company Ørsted with a price target of 160 Danish kronor. The bank sees increased regulatory risks after the US Department of Justice requested a renewed review of the permit for the offshore wind project Revolution Wind, which is more than 95 percent complete. Barclays expects the […]
Pareto positive on DNO’s production figures – repeats Buy
Pareto repeats its Buy rating on the oil and gas company DNO with a price target of 25 Norwegian kroner. DNO’s production during the third quarter amounted to 143,000 barrels per day, 7 percent above Pareto’s forecast, driven by stronger production in Kurdistan. Production in the North Sea was in line with expectations and is […]
Morgan Stanley reports revenue in line with expectations
US investment bank Morgan Stanley reports revenue in line with expectations in the third quarter. Earnings per share were better than expected. Revenue amounted to USD 20.34 billion (18.22), compared with the Factset analyst consensus of 19.93. Earnings per share amounted to USD 3.03 (2.80), which is 2.7 percent above the analyst consensus of 2.95. […]
UBS sees risks to Zalando’s revenue forecast – cuts price target
UBS reiterates its Buy rating on the e-commerce company Zalando but cuts its price target to EUR 33.50 from EUR 35. The bank sees risks to the company’s revenue forecast due to weak demand for sneakers and warm autumn weather, which is driving increased discounting. UBS cuts its forecast for adjusted EBIT in 2026 to […]
Gomspace no longer has any publicly disclosed short seller
Qube Research & Technologies has reduced its short position in space technology company Gomspace below the disclosure threshold. There are consequently no publicly disclosed short sellers in the company. In total, 0.68 percent of the capital is shorted in the company. The Swedish Financial Supervisory Authority requires positions above 0.1 percent to be reported, and […]
