Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted improved visibility on capital allocation and minority dividends as positive developments.
13:51 28.11.2024
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted encouraging visibility on capital allocation and minority dividends.
13:51 28.11.2024
Mahindra & Mahindra has stated that any claims regarding penalties related to emissions are "factually incorrect." The company clarified that no penalties have been levied or are being considered, addressing concerns raised in recent discussions.
At the recent 2024 UN Climate Conference (COP29) in Baku, Azerbaijan, countries finalized global carbon market rules after nearly a decade of negotiations. This landmark agreement establishes an international carbon trading system aimed at reducing emissions, with significant implications for nations like India.
DexCom and Intuitive Surgical are two healthcare stocks poised for significant growth over the next decade. DexCom, despite recent challenges, is expanding its continuous glucose monitoring systems and building a network effect that enhances its market position. Meanwhile, Intuitive Surgical continues to lead in robotic-assisted surgery, recently advancing its da Vinci system with FDA clearance for its fifth generation, underscoring its commitment to innovation.
The ruble has plummeted over 9% against the dollar and 6% against the yuan since the US imposed sanctions on approximately 50 Russian banks on November 21. This decline is intensifying pressure on the Bank of Russia to implement a significant interest rate hike to combat rising inflation.
UBS shares fell by 0.6% to CHF 27.58, making it one of the biggest losers in the SMI, with a 52-week high of CHF 29.57 reached on October 30, 2024. The company reported earnings per share of CHF 0.39 for the last quarter, with a turnover of CHF 18.86 billion, a slight decline from the previous year. Analysts expect a dividend of USD 0.819 for 2024 and earnings of USD 1.76 per share.
13:43 28.11.2024
Bleichmar Fonti & Auld LLP has filed a lawsuit against Acadia Healthcare for securities fraud, alleging the company misrepresented its financial results linked to insurance fraud and unlawful patient detentions. Following investigative reports and federal inquiries, Acadia's stock has seen significant declines. Investors have until December 16, 2024, to seek lead plaintiff status in the case, Dyar v. Acadia Healthcare Company, Inc.
Shares of HBL Power and Kernex Microsystems surged on November 28 following Railway Minister Ashwini Vaishnaw's update on the 'Kavach' system deployment. The next phase includes equipping 10,000 locomotives and inviting bids for trackside works covering approximately 15,000 RKm. HBL Power's shares rose 1.62% to Rs 626.4, while Kernex hit an all-time high, locked at a 5% upper circuit at Rs 1,110.75.
UBS Group AG has adjusted its voting rights in DS Smith PLC, now holding 5.92% of the total voting rights, indicating a slight reduction from their previous stake. This strategic shift may influence DS Smith’s stock performance, warranting close attention from investors.
13:32 28.11.2024
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