Peloton’s results significantly better than expected – stock surges in premarket trading
The fitness equipment company Peloton reports revenue in line with expectations for the first quarter. Earnings per share were better than expected. Revenue increased 1.5 percent to 559 million dollars (551). This compares with the Factset analyst consensus of 553. Adjusted EBITDA amounted to 167.8 million dollars (118.3), with an adjusted EBITDA margin of 30.0 […]
Amazon offers Prime customers free food deliveries through Uber Eats
Amazon is entering into a partnership with Uber Eats that gives US Prime members free restaurant deliveries on orders of at least 25 dollars. The service is integrated directly into Amazon’s platform and replaces Grubhub as the delivery partner. This is stated in a press release. The partnership comes as competition intensifies after Doordash announced […]
Reports: Thaw between C and V with high-level talks – Aftonbladet
The Centre Party and the Left Party are reported to have moved closer to each other after a lengthy period of strained relations. Meetings are said to have been held at a high political level, and talks have begun on issues where the parties may find common ground. Aftonbladet reports this, citing sources. According to […]
Danish homeowners expected to face higher property taxes in 2027
Many Danish homeowners are expected to face higher property taxes in 2027, particularly in the major cities, according to PwC. In Copenhagen, taxes are expected to rise by around 21 percent for condominiums and 20.3 percent for single-family homes. The increases are due to developments in housing prices between 2024 and this year now affecting […]
Enova invests 420 million kroner in battery-powered vessels
Norwegian Enova is awarding 420 million Norwegian kroner in grants to twelve battery-powered vessels and two charging facilities. The initiative is expected to reduce carbon dioxide emissions by around 21,300 tonnes per year, according to a press release. Hagland Shipping is receiving nearly 236 million kroner to convert four cargo vessels to battery operation with […]
Industrial production in Brazil -2.5 percent year-over-year in September, expected -1.7 percent
Industrial production in Brazil -2.5 percent year-over-year in September, expected -1.7 percent
Novo Nordisk terminates research collaboration with Korro Bio
Danish pharmaceutical company Novo Nordisk has decided to terminate its research and licensing agreement with US biotechnology company Korro Bio. The agreement, which was entered into in September 2024, will end on 1 February 2027. This is stated in a filing by Korro Bio with the US Securities and Exchange Commission, SEC. The collaboration covered […]
Shake Shack’s comparable sales higher than expected
U.S. hamburger chain Shake Shack reports revenue in line with expectations for the third quarter. Adjusted earnings per share were better than expected. Revenue increased 15.2 percent to USD 423.3 million (367.4). This compares with Factset analyst consensus of 426. Comparable sales increased 2.5 percent (4.9), compared with market expectations of 1.4 percent. Adjusted EBITDA […]
Conoco Phillips results better than expected
Energy company Conoco Phillips’ adjusted earnings per share were better than expected in the third quarter Adjusted earnings per share were USD 3.27 (1.61), which is 7.2 percent better than analyst consensus of 3.05. Shareholder distributions increased to USD 3.4 billion, of which USD 2.4 billion consisted of buybacks. The company is on track to […]
Visa forecasts strongest Christmas shopping season in the US since 2021
US card giant Visa expects Christmas shopping in the US to increase by 4.5 percent in November and December, the strongest growth since 2021. Adjusted for inflation, the increase is expected to be 1.1 percent. Consumers plan to spend an average of 777 dollars on Christmas gifts, up 5.6 percent from 2025. Rising incomes and […]
