Sleep Cycle board member Anna Bäck makes her first share purchase
Anna Bäck bought 10,000 shares in sleep analysis company Sleep Cycle on 9 November, where she is a board member. The shares were purchased at SEK 24.55 per share, a transaction worth SEK 245,500. The transaction was made on Nasdaq Stockholm. This is shown by the Swedish Financial Supervisory Authority’s insider register. Bäck previously owned […]
Qliro takeover-bid winner on rising Stockholm exchange, OMXS30 index up 1.3 percent
The Stockholm exchange rose steadily on Monday and closed near the day’s highs. The performance was in line with that of the leading European exchanges, where Frankfurt led the advance. Qliro was the day’s winner after a takeover bid with a substantial premium. At the close, the OMXS30 index was up 1.28 percent at 3,309.85. […]
Morgan Stanley acquires Vinyl Equity
U.S. banking giant Morgan Stanley has entered into an agreement to acquire Vinyl Equity, a digital platform for shareholder registries and share transfers. The acquisition is expected to strengthen the bank’s offering in share administration and wealth management, particularly for companies preparing for initial public offerings. The technology is also expected to support future initiatives […]
New Wave expected to report operating profit of SEK 340 million – Modular
The branded goods company New Wave will release its third-quarter report on Wednesday. Operating profit is expected to come in at SEK 340 million, according to consensus from Modular Finance. During the corresponding period last year, profit was SEK 253 million. The company will release the report at 07.00 and hold a conference call at […]
BNP Paribas cuts the price target for Outokumpu to EUR 3.30 (4), reiterates underperform
BNP Paribas cuts the price target for Outokumpu to EUR 3.30 (4), reiterates underperform
Arctic cuts its price target for Andfjord Salmon Group to NOK 31 (39), reiterates Buy
Arctic cuts its price target for Andfjord Salmon Group to NOK 31 (39), reiterates Buy
Sources: Unicredit expected to receive unconditional EU approval for Commerzbank acquisition – Reuters
Italian banking giant Unicredit is expected to receive the European Commission’s unconditional competition clearance for its acquisition of Commerzbank, Germany’s second-largest bank. Three people with direct knowledge of the matter told Reuters. The European Commission’s expected approval underscores regulators’ ambition to promote cross-border mergers in the financial sector to create European banking giants. The decision […]
Revenio’s French subsidiary subjected to cyberattack
Finnish medical technology company Revenio announces that its French subsidiary Visionix has been subjected to a cyberattack targeting the company’s IT systems. The attack affected a server containing internal IT support cases. Revenio immediately took measures to limit the intrusion to a local server, in cooperation with internal experts and an external cybersecurity specialist. According […]
Eli Lilly’s obesity pill reduced sleep apnea in phase 3 trial
US pharmaceutical company Eli Lilly reports positive results from the phase 3 ATTAIN-OSA program, in which the obesity drug Foundayo (orforglipron) was evaluated in patients with moderate to severe obstructive sleep apnea and overweight or obesity. After 52 weeks, the drug had met the primary endpoint and significantly reduced the number of breathing pauses per […]
Lån & Spar Banks’ result declined in the third quarter
Danish bank Lån & Spar Bank reports a lower pretax result in the third quarter compared with the same period a year earlier. Net interest income amounted to DKK 237.9 million (226.0), an increase of 5.3 percent. Credit losses amounted to DKK -5.1 million (-10.9), which means recoveries in both periods. Pretax result was DKK […]
