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 […]
BHP close to deal to avert strike at world’s largest copper mine
Mining giant BHP Group is close to reaching an agreement with the union at the Escondida copper mine in Chile, which could avert a planned strike. Reuters and Bloomberg News report this, citing union chairman Alexis Barrera, who says an agreement is essentially finalized. Negotiations continued after the overnight deadline, despite the union having previously […]
Afv: New shareholders in Prisjakt receive only a small share of compensation in dispute with Google
Prisjakt is set to be listed on First North on 23 October at a company valuation of SEK 675 million. On 9 October, the company sued Google for SEK 21.4 billion. Prisjakt believes that Google has favored its own price comparison service in search results. The claim is more than 30 times larger than the […]
Fed Governor Bowman sees no rush for further rate hikes
The Federal Reserve has room to wait and assess developments in the financial markets and the economy after the latest rate hike before making any further decisions. Fed Governor Michelle Bowman, who is Vice Chair for Supervision, said this, according to Reuters. Bowman said during the IMF and World Bank meetings in Bangkok on Wednesday […]
Ubisoft proposes closing RedLynx – 122 jobs affected
French game developer Ubisoft is proposing to close the Finnish studio RedLynx, which could affect up to 52 positions. At the same time, 70 positions at the company’s studio in Singapore are affected, corresponding to around one-fifth of the workforce. This is reported by GamesIndustry.biz. The cuts are part of Ubisoft’s extensive restructuring to reduce […]
Sources: Aurubis raises copper premium to record level ahead of 2027 – Reuters
German smelting giant Aurubis is raising its premium for refined copper to a record-high 347 dollars per ton in 2027, an increase of 10 percent from 315 dollars this year. Reuters reports this, citing three market sources. The premium is added on top of the copper price on the London Metal Exchange. Aurubis has declined […]
Sources: General Atlantic plans IPO in first half of 2027 – FT
The US private equity firm General Atlantic is planning an IPO in the first half of 2027 that could value the company at up to USD 10 billion. Financial Times reports this, citing sources familiar with the matter. General Atlantic, which manages more than USD 130 billion in assets, wants to use the listing to […]
Major shareholders in Fastator propose electing Michael Derk as new chairman
Shareholders in the real estate investment company Fastator have previously been summoned to an extraordinary general meeting on 9 November in Stockholm. The company is now supplementing the notice with the proposal for the election of the board, according to a press release. The major shareholders Faha Holding and Mats Invest, which control just under […]
Italy growth forecast raised by business association – slowdown expected in 2027
Italy’s business association Confindustria raises its growth forecast for 2026 to 1.0 percent from 0.5 percent, mainly thanks to EU-funded investments. Reuters reports. Growth is expected to slow to 0.6 percent in 2027 when EU support ends, while higher oil prices, inflation and interest rates weigh on the economy. The government forecasts growth of 1.0 […]
Ecoup issues profit warning and lowers 2026 forecast
The Finnish recycling and insulation company Ecoup now expects unchanged or lower revenue and lower EBITDA in 2026. Previously, unchanged revenue and higher EBITDA were expected. In the third quarter, revenue rose to EUR 7.1 million (6.7), while EBITDA fell to EUR 0.0 million (0.6). For the first nine months of the year, revenue decreased […]
