SEB highlights Securitas’ data center business as a new growth engine, repeats Buy
SEB repeats its Buy rating for security company Securitas with a target price of SEK 180. The bank sees potential for substantial share buybacks. This is according to an analysis seen by EFN. The bank estimates that Securitas can buy back shares for up to SEK 15 billion during 2027-2028 without jeopardizing its leverage target. […]
Pareto Bank faces higher Pillar 2 capital requirement
Norway’s Financial Supervisory Authority has decided to raise Pareto Bank’s Pillar 2 capital requirement to 3.3 percent of the Pillar 1 calculation base, compared with 3.1 percent in the previous review in 2023. The decision follows the authority’s updated assessment of the bank’s risks and capital needs, SREP, and takes effect on November 30 this […]
Sources: Germany selects Deutsche Bank as adviser for privatisation of SEFE – BN
The German government has selected Deutsche Bank as adviser for the privatisation of gas giant SEFE, formerly Gazprom Germania. The company could be valued at up to 8 billion euros. Bloomberg News reports, citing sources. SEFE is simultaneously working with Lazard and Lambert Energy Advisory to find investors for a capital raising of 1.5-2 billion […]
Eaton’s results better than expected
US industrial company Eaton reports revenue that was higher than expected in the third quarter. Adjusted earnings per share were better than expected. Revenue rose 28.0 percent to USD 8.95 billion (6.99). This can be compared with the Factset analyst consensus of 8.53. Adjusted earnings per share were USD 3.68 (3.07), which is 4.0 percent […]
Ferrari increased operating profit slightly more than expected
Prestige carmaker Ferrari reports revenue in line with expectations for the third quarter. Operating profit was slightly better than expected. Revenue rose 7.4 percent to EUR 1,896 million (1,766). This can be compared with Bloomberg’s analyst consensus of 1,890. EBITDA came to EUR 753 million (670), versus expectations of 739.2, with an EBITDA margin of […]
EQT buys Speedcast’s ground station business for USD 300 million – BN
Private equity firm EQT is acquiring satellite operator Speedcast’s ground station business for approximately USD 300 million through its portfolio company SatPort Infrastructure. EQT confirms the deal, while information about the price tag comes from sources, Bloomberg News reports. The acquisition comprises 12 ground stations on five continents and approximately 100 employees who will transfer […]
Nordea appoints new heads in Norway
Nordea appoints Anders Granstad as head of Personal Banking in Norway and Marte Kopperstad as country manager, according to a press release. The changes take effect on December 1. Granstad is currently CEO of Nordea Liv and has worked at the bank since 2010. Kopperstad will meanwhile continue as head of Private Banking in Norway […]
Cbrain signs agreement on tax reporting system in the Turks and Caicos Islands
Danish software company Cbrain has signed an agreement with the government of the Turks and Caicos Islands in the Caribbean to deliver the F2 digital platform for international tax reporting and information exchange under OECD and US regulations. The solution is based on the company’s existing standard software and will support the authorities’ handling of […]
Nokian Tyres to end sponsorship of 2027 Ice Hockey World Championship if Russia participates
Finnish tyre giant Nokian Tyres will end its sponsorship of the 2027 Ice Hockey World Championship if Russia is allowed to participate in the tournament. The tyre manufacturer says this in a press release. The company’s sponsorship agreement with the IIHF covers the 2026 and 2027 World Championships. Nokian Tyres says that continuing its sponsorship […]
Hyundai’s Genesis production halted after labor dispute – Korea Herald
Hyundai Motor’s Genesis production line at the factory in Ulsan, South Korea, remained idle on Monday evening following a dispute over staffing ahead of upcoming car models. Union representatives held a meeting without reaching a solution, Korea Herald reports, citing industry sources. The stoppage began on Monday morning when union representatives prevented a test car […]
