Pareto sees risk of lower earnings forecasts in the salmon sector
Pareto Securities expects the Norwegian salmon price to rise to around 70 Norwegian kronor per kilogram next week, from the expected 69 kronor this week. At the same time, the research house sees a risk of lower forecasts for Norwegian salmon farmers. Prices have been below 70 kronor for most of October, while analyst consensus […]
SEB cuts its price target for SLP to SEK 42 (44), reiterates Buy
SEB cuts its price target for SLP to SEK 42 (44), reiterates Buy
Citi reiterates Buy on EQT – sees room for earnings estimate upgrades
Citi reiterates its Buy rating on private equity firm EQT and sees room for higher earnings estimates after the third quarter. The price target is SEK 375. Fee-generating assets under management amounted to EUR 195 billion, around 4 percent above consensus. At the same time, the acquisition of US-based Stockbridge is expected to contribute positively […]
SB1 repeats Buy rating on Intrum – sees 76 percent upside
SB1 Intrum repeats its Buy rating on credit management company Intrum with an unchanged price target of SEK 4.6, corresponding to 76 percent upside. Ahead of the third-quarter report, adjusted operating profit is expected to come in at SEK 1,124 million, 1 percent below consensus. Net debt is expected to decline to SEK 36.4 billion. […]
Tui’s new loyalty club surpasses one million members
Travel group Tui’s new loyalty club Smiles Rewards Club has attracted more than one million members in less than six months, of whom more than 200,000 are in the Nordic region. The Nordic region was the first to launch the programme, which is now also available in the United Kingdom, Ireland, Germany, Austria and Switzerland. […]
Umida’s CEO and two other executives increase their shareholdings (update)
(update: addition of third paragraph) The beverage company Umida’s CEO and two other executives bought shares in the company on 14 October for a total of SEK 0.6 million. All three share purchases were made at a price of SEK 0.45 per share and were conducted off-market. This is shown by the Swedish Financial Supervisory […]
Mastercard launches payment platform for traditional currencies and stablecoins
Payment giant Mastercard is launching Global Money Platform, a new payment platform that combines traditional currencies with stablecoins. The platform is based on technology from BVNK, which Mastercard acquired in August. This is stated in a press release. The service is aimed at banks, fintech companies and businesses and makes it possible to manage accounts […]
France’s central bank governor: Budget deficit can be cut to 3 percent in three years – CNBC
France can reduce its budget deficit to 3 percent of GDP within three years despite the political turmoil in the country. The country’s central bank governor said this in an interview with CNBC. France is currently subject to the EU’s excessive deficit procedure. The EU has urged the country to reduce the deficit, which amounted […]
Credit Suisse employees lose bonus battle in supreme court
Switzerland’s highest court has ruled that former employees of investment bank Credit Suisse are not entitled to recover bonuses that were clawed back in connection with UBS’s takeover in 2023. The decision overturns an earlier ruling and could affect around 1,000 former employees, Bloomberg News reports. The court refers to the extensive government support provided […]
Swedish citizen detained in Russia after suspected illegal border crossing – Tass (update)
(adds comment from Ulf Kristersson) Russia’s security service FSB has detained a Swedish citizen suspected of having crossed the border into Russia illegally. This is reported by the Russian news agency Tass. The Swede is reportedly to have previously served in Ukraine. “We have only received this through media reports, Russian media reports to begin […]
