ABB shares fell after results on the Stockholm Stock Exchange, OMXS30 index down 0.9 percent
The Stockholm Stock Exchange fell further on Tuesday but recovered somewhat toward the end of the trading session. Weakness in the index-heavy industrials sector weighed on performance. Among the companies reporting today, industrial giant ABB fell despite strong order intake, while Tele2 rose after its report. At the close, the OMXS30 index was down 0.89 […]
BactiQuant aims to raise DKK 8.3 million in directed share issue
Danish biotech company Bactiquant has decided to carry out a directed new share issue with the aim of raising up to approximately DKK 8.3 million before issue costs. The capital will primarily be used to restore the company’s liquidity after a DKK 9.2 million loan from EIFO was repaid using its own funds on 30 […]
Aira AI plans directed share issue of approximately SEK 22 million
Aira, AI Revenue Assistant Software Stockholm, intends to carry out a directed share issue of approximately SEK 22 million to Swedish and international institutional investors. The capital will primarily be used to accelerate the commercialisation of Aira for Fortnox through customer acquisition, product development and expanded distribution channels, as well as to strengthen working capital. […]
Oil prices fall 1.5 percent following reports of new Iran talks – BN
Oil prices fall 1.5 percent following unconfirmed reports that Qatar and Pakistan have put forward a new proposal to resume negotiations on ending the Iran war. Bloomberg News reports. Prices recovered somewhat following reports that played down the prospects of an imminent agreement. Both Brent and WTI crude continue to trade close to today’s lowest […]
Instacart pays $5 million in discrimination settlement
Food delivery company Instacart has reached a $5 million settlement with the U.S. Department of Justice and the Equal Employment Opportunity Commission, EEOC. The company is accused of discriminating against U.S. workers during recruitment by favoring people with temporary work visas. The authorities say that the recruitment practices within the PERM labor certification process violated […]
WorldQuant no longer a publicly disclosed short seller in Tieto
WorldQuant was only briefly a publicly disclosed short seller in Tieto. The entity has reduced its short position in the IT services company and is no longer a publicly disclosed short seller just one day after Finwire reported that it was a new publicly disclosed short seller. There are now four publicly disclosed short sellers […]
Jupiter Asset Management new public short seller in Norwegian
Jupiter Asset Management has taken a publicly disclosed short position in the airline Norwegian. The position amounts to 0.51 percent of the capital. There are now three public short sellers in the company. In total, 1.63 percent of the capital is publicly shorted in Norwegian. Only short positions exceeding 0.5 percent are made public.
AQR Capital Management new public short seller in Himalaya Shipping
AQR Capital Management has taken a public short position in shipping company Himalaya Shipping. The position amounts to 0.51 percent of the capital. There are three public short sellers in the company. In total, 2.07 percent of the capital is publicly shorted in Himalaya Shipping. Only short positions exceeding 0.5 percent are made public.
U.S. invests nearly USD 1 billion in power grid
The U.S. Department of Energy will invest an additional approximately USD 967 million in modernizing critical energy infrastructure to counter rising electricity prices. Reuters reports this. The money will go to projects that strengthen power grids in states, territories and Indigenous areas, with the aim of making electricity supply cheaper and more reliable.
Starboard confirms position in Solstice Advanced Materials
Activist fund Starboard Value confirmed on Tuesday that it had taken a new position in Honeywell spin-off Solstice Advanced Materials. Earlier, Finanical Times, citing sources, had written that the activist fund had taken a position in the company. The news is now confirmed by Starboard CEO Jeffrey Smith, Reuters writes. Starboard wants to improve operations […]
