JP Morgan: AI development benefits SAP, upgrades to overweight
JP Morgan upgrades its recommendation on German IT giant SAP to overweight from neutral and raises its price target to EUR 275 from EUR 175, with a new time horizon through December 2028. This is stated in an analysis. The bank believes that the transition from AI pilot projects to large-scale adoption benefits SAP, whose […]
CNH Industrial raises earnings guidance after results well above expectations
The agricultural and construction equipment manufacturer CNH Industrial reports adjusted earnings per share well above analysts’ expectations for the third quarter. At the same time, the company raises its full-year earnings guidance. Revenue amounted to USD 4,354 million (4,399), a decrease of 1.0 percent compared with the previous year. Net profit fell to USD 35 […]
Denmark reaches gas storage fill target
Denmark has reached the EU’s target of a 75 percent fill rate for the country’s gas storage facilities for 2026 following the completion of a procurement process, according to the Danish Energy Agency. The procurement was carried out within the budget framework of 50 million Danish kroner. Denmark is a net gas exporter thanks to […]
Unicredit climbs as European stocks rise, Stoxx 600 index increases 0.7 percent
Leading European stock markets are rising on Monday morning. There are significantly fewer interim reports today compared with the end of last week. Italy’s Unicredit is rising sharply on its report. The broad Stoxx 600 European index was up 0.73 percent at 653.09 at 11:30. During the day, the index has traded in a range […]
Finland strengthens efforts against drone threats – appoints national coordinator
The Finnish government is strengthening national coordination concerning drones and other unmanned systems to address growing security threats while also promoting the use of the technology in society. This is stated in a press release from the Ministry of the Interior. Petteri Korvala, who has a background in the Defence Forces and the Security Committee, […]
HSBC raises India to overweight – cuts China to neutral
The major bank HSBC raises its recommendation for Indian equities to overweight from neutral, while Chinese equities are downgraded to neutral from overweight. Investing reports. The upgrade to India is justified by more attractive valuations following several years of weak performance compared with other emerging markets. HSBC also highlights strong credit growth, stable corporate earnings […]
France considers raising minimum wage after widespread protests
French Prime Minister Sébastien Lecornu met on Monday with representatives of employers and trade unions to discuss measures to tackle rising living costs and widespread protests. Reuters reports. The government is expected to propose an increase in the minimum wage, which was raised by 35 euros in June to 1,478 euros net per month. Labour […]
EFN: Two possible scenarios for Sobi as Börje Ekholm takes over as chairman
Pharmaceutical company Sobi could face either a takeover by AstraZeneca or continued expansion on its own when Börje Ekholm takes over as chairman next spring. EFN writes this in a recent commentary. The background is reports that AstraZeneca has made a bid of around USD 10 billion for US-based Rhythm Pharmaceuticals. According to EFN, the […]
Bioretec receives final decision on Medicare reimbursement for RemeOs in the US
Medical technology company Bioretec announces that the U.S. agency CMS has finally confirmed special Medicare reimbursement for the RemeOs Screw LAG Solid implant. The decision means that U.S. hospitals and outpatient clinics can receive separate reimbursement for the implant in addition to the regular reimbursement for the procedure. The reimbursement status, known as transitional pass-through […]
Paratus Energy: Petrobras approves Seagems’ bid for Jade vessel
Paratus Energy announces that Petrobras has published the final result of the tender for PLSV contracts starting in 2028. The result confirms that Petrobras has accepted the bid from the joint venture Seagems for the Jade vessel. A formal contract award decision and the signing of final agreements remain outstanding. Paratus owns 50 percent of […]
