Alm. Brand repurchases bonds for DKK 319 million
Danish insurance company Alm. Brand has accepted the repurchase of outstanding perpetual Restricted Tier 1 capital instruments with a nominal value of DKK 319 million. The repurchase offer, announced on 9 November, covered bonds with a total nominal value of DKK 400 million. At the end of the tender period on 11 November, bonds corresponding […]
Fidelity reduces holding in Stillfront to below 5 percent
FIL Limited, Fidelity, has reduced its holding in the gaming company Stillfront to approximately 25.5 million shares, from 26 million shares previously. The holding thereafter amounts to 4.92 percent of the shares and votes. This is disclosed in a flagging notification.
Burnham promises to present ten-year plan before Christmas
Britain’s Prime Minister Andy Burnham promises to present his ten-year plan for the country’s future before Parliament’s Christmas recess, despite opening the door last week to a delay until January. Bloomberg News reports. The plan is intended to lay the foundation for a long-term transformation of the British economy and is expected to include proposals […]
Afarak CEO Guy Konsbruck to leave in June 2027
Mining company Afarak’s CEO Guy Konsbruck will leave his post on June 30, 2027. This is according to a press release. Konsbruck has led the company for more than ten years and believes the time is right for a new perspective under a new CEO. The board will begin the process of finding a successor. […]
Pandox sells hotel property in Stockholm for SEK 644 million
Hotel property company Pandox has signed an agreement to sell the property housing Scandic Alvik in Stockholm to SPP Fastigheter. The underlying property value amounts to SEK 644 million before deduction of deferred tax. The sale price is slightly above the property’s book value as of 30 September this year and the corresponding date in […]
Genmab has a new publicly disclosed short seller
Cubist Systematic Strategies has increased its short position in Danish pharmaceutical company Genmab to 0.57 percent of the share capital, corresponding to 356,653 shares. The firm is therefore a new publicly disclosed short seller in the company. In total, 1.71 percent of Genmab’s share capital is shorted. Finanstilsynet requires positions exceeding 0.1 percent to be […]
Munters CEO sees no slowdown in data center demand – Di
Climate control company Munters sees no signs that demand for cooling systems for data centers is slowing, despite growing concerns surrounding AI investments. “No, not at all”, CEO Stefan Aspman said in an interview with Dagens industri in connection with the company’s Capital Markets Day. Order intake rose 70 percent in the third quarter, driven […]
German military stops using Chinese drones for security reasons
Germany’s armed forces will stop using Chinese-made drones and instead opt for European alternatives. The decision is based on security risks and concerns that sensitive information could be transferred to Beijing, Reuters reports. The drones have previously been used for training and target practice. The Ministry of Defence emphasizes that the decision is based on […]
Summa Defence subsidiary Summa Energy files for bankruptcy
Defence company Summa Defence’s subsidiary Summa Energy has filed for bankruptcy with the Helsinki District Court. This is stated in a press release. The board of Summa Energy has determined that the company’s liabilities exceed its assets and that the company is insolvent. Summa Defence and its subsidiary Summa Holding entered corporate restructuring proceedings on […]
Russia says it attacked cargo vessel in Black Sea
Russia’s Defence Ministry says that Russian forces have attacked a cargo vessel in the Black Sea, southwest of the Ukrainian port city of Odesa. Bloomberg News reports this, citing a statement on Telegram. The information could not be independently confirmed.
