Tokmanni CEO buys shares for EUR 64,400
The CEO of Finnish retail company Tokmanni, Sampo Päällysaho, bought a total of 10,000 shares in the company on 9 November. The shares were bought at a price of EUR 6.44 per share on Nasdaq Helsinki. The total purchase price amounts to EUR 64,400, according to a manager’s transaction notification.
Major Russian oil port on fire after drone attack – AFP
The Russian oil port of Ust-Luga on the Baltic Sea has been hit by a fire following a drone attack. AFP reports this, citing Leningrad Region Governor Aleksandr Drozdenko. Ust-Luga is one of Russia’s most important oil export ports. According to the governor, 146 drones were shot down overnight into Wednesday. The attack comes as […]
RWE and KKR invest GBP 12 billion in UK offshore wind power
German energy company RWE and US private equity firm KKR will jointly build the Vanguard West and Vanguard East offshore wind farms in the UK for approximately GBP 12 billion. KKR has acquired a 50 percent stake in each project, according to a press release. Financing has been secured from 35 banks, comprising GBP 11.1 […]
Pareto downgrades Lerøy Seafood to Hold after results
Pareto Securities downgrades its recommendation for Norwegian salmon farmer Lerøy Seafood to Hold from Buy after the third-quarter results. The price target is reiterated at NOK 46. The company’s operating profit of NOK 459 million exceeded analyst consensus by NOK 21 million, thanks to stronger market operations that offset weaker farming results. However, the volume […]
Nordea reiterates Hold on H+H – makes minor estimate adjustments
Nordea reiterates its Hold rating on building materials company H+H with a price target of 100 Danish kroner following a stable third-quarter report. The adjusted EBIT margin amounted to 8 percent, the highest since the third quarter of 2022. Activity in the European housing market remains subdued, with signs of weakness also in Poland. Nordea […]
Norwegian power halt hits data center projects – Nscale singled out as biggest loser
Norwegian grid operator Statnett’s temporary halt on new capacity reservations is affecting data center projects in line for nearly 11,000 megawatts of electricity capacity. Dagens Næringsliv reports. Those affected include Nscale’s major data center project in Narvik, which is singled out as the biggest loser. At the same time, the Norwegian government has announced new […]
Bico shifts focus to Precision Biology – evaluates alternatives for Biosero
The biotechnology company Bico is launching the Bico 2030 strategy with an increased focus on Precision Biology and at the same time confirms its long-term financial targets. The Group continues to target double-digit organic growth excluding currency effects, an EBITDA margin after capitalized development costs of above 10 percent, and net debt in relation to […]
Mendus reports positive preliminary immune data for vididencel
The research company Mendus reports preliminary data from the CADENCE and VITAL-CML studies showing that vididencel activates multiple components of the immune system. The results are based on samples from 13 and 7 patients, respectively, and support previous observations from ADVANCE II and ALISON. In VITAL-CML, no sustained improvement in the molecular response has yet […]
Upgrade Invest Nordic reports no revenue as planned – CEO: Climacheck proceeds to be distributed next year
The investment company Upgrade Invest Nordic reports no revenue as planned in the third quarter and minor changes in its result. Operating result was SEK -0.2 million (-0.2). Net result amounted to SEK -0.2 million (-0.2). After the end of the quarter, the company presented two initiatives to establish RTO companies with the aim of […]
Munters updates financial targets – introduces new return target and changes the definition of EBITA
The climate control company Munters presents updated medium-term financial targets, 3–5 years, in connection with the company’s capital markets day. The target of average annual revenue growth of over 14 percent is retained, as is the target level for adjusted EBITA margin of over 14 percent. However, the definition of EBITA is changed so that […]
