Teva targets up to USD 7 billion in innovative medicine sales in 2030
The world’s largest generic drug manufacturer Teva is presenting new financial targets in connection with its research and development day. The company is targeting revenue from innovative medicines of USD 6–7 billion in 2030. Teva expects annual growth in total revenue of around 5 percent during the 2026–2030 period. The gross margin for innovative medicines […]
SB1 cuts price target for Telenor as lower estimates and sector valuation weigh
SB1 Markets maintains a Neutral rating on telecom operator Telenor but cuts its price target to NOK 135 from NOK 165, according to an analysis. The bank believes that the balance between risk and potential returns has improved. Telenor is once again trading at a historically normal discount to Nordic peers, and free cash flow […]
Today’s stock recommendations at a glance
The table below shows a selection of the recommendation news that Finwire News has reported today. StockRecommendations and price targetsAAKJefferies initiates coverage of AAK with a hold recommendation and a price target of SEK 170AddtechGoldman Sachs raises the price target for Addtech to SEK 421 (417), reiterates buyAustevoll SeafoodABG Sundal Collier raises the price target […]
Russian chief negotiator: Russia and Ukraine agree on major prisoner exchange – Reuters
Russia and Ukraine have reached some common ground in the peace talks in Abu Dhabi and agreed on a major prisoner exchange. This is according to Russia’s chief negotiator Vladimir Medinsky, Reuters reports. Medinsky says that further talks will be held, but provides no further details on which issues the parties have moved closer together […]
Avinor increased passenger numbers despite fewer aircraft movements in October
Norwegian airport operator Avinor had 4.89 million passengers in October, an increase of 1.3 percent compared with the same month last year. International traffic increased by 2.8 percent to just over 2 million passengers, while domestic traffic rose by 0.3 percent to 2.84 million. The number of commercial aircraft movements decreased by 2.6 percent to […]
Finland investigates suspected airspace violation in the Gulf of Finland
An unmanned aerial vehicle is suspected of having violated Finnish airspace in the eastern part of the Gulf of Finland early Wednesday morning. This is according to Finland’s Ministry of Defence. The aircraft is said to have been in Finnish airspace for around five minutes before leaving the area. The Finnish Defence Forces monitored the […]
China’s central bank promises more support for the economy
China’s central bank, PBOC, will increase countercyclical measures and strengthen support for domestic demand to help achieve this year’s economic targets. This is stated in the central bank’s monetary policy report for the third quarter. PBOC notes that the economy is under pressure from, among other things, weak demand relative to supply, structural imbalances and […]
MMG changes commitments to secure EU approval for nickel acquisition
Hong Kong-listed mining company MMG will revise its proposed commitments to secure EU competition approval for its acquisition of Anglo American’s Brazilian nickel operations for 500 million dollars. Reuters reports this, having seen a statement. According to a source with knowledge of the discussions, the changes include larger ferronickel deliveries to Europe as well as […]
Stockholm Stock Exchange rose sharply at lunchtime
The Stockholm Stock Exchange was trading higher at lunchtime on Wednesday. The earnings season continued with several interim reports during the morning. At around 13:01, the OMXS30 index was up 0.72 percent at 3,351.56. Shares worth approximately SEK 6.7 billion were traded on the Stockholm Stock Exchange. Energy posted the best performance among the exchange’s […]
IBM targets quantum computer with over 1,000 qubits in 2027
Technology giant IBM is unveiling Quantum Nighthawk r3, the next generation of the company’s quantum processor. According to a press release, the processor will be able to perform 10,000 quantum operations across 520 programmable qubits. In 2027, IBM plans to connect two Nighthawk r3 processors into a system with a total of 1,040 qubits. The […]
