saudi arabia's non-oil exports surge while overall merchandise exports decline

In December 2024, Saudi Arabia's overall merchandise exports fell by 2.8% to SR94.29 billion, influenced by OPEC-mandated oil production cuts, with oil exports dropping from 74.3% to 68.8% of total goods. Non-oil exports surged 18.1% to SR29.45 billion, driven by a 70% increase in shipments to China, while imports rose 27.1% to SR79.03 billion, leading to a trade balance surplus decrease of 56.1% to SR15.26 billion. The UAE remained the top destination for non-oil goods, despite a 9.9% decline in exports to the region.

hsbc bank discloses dealings in wood group securities under takeover code

HSBC Bank Plc has disclosed dealings in relevant securities of Wood Group (John) plc under Rule 8.5 of the Takeover Code. The report includes details on purchases, sales, and derivative transactions, confirming no indemnity arrangements or agreements affecting voting rights. Public disclosures must be made to a Regulatory Information Service.

noel quinn set to become chairman of julius baer group

Noel Quinn, the former CEO of HSBC, is poised to become the next chairman of Julius Baer Group Ltd., marking a significant move for the Swiss private bank. This transition follows the bank's efforts to recover from substantial losses linked to Rene Benko’s Signa real estate group and the departure of former CEO Philipp Rickenbacher.Quinn's appointment comes as Julius Baer seeks to revitalize its leadership, with current chairman Romeo Lacher not standing for re-election. The bank has also recently streamlined its executive board and announced job cuts as part of its restructuring efforts.

barclays raises price target on autodesk to 365 maintains overweight rating

Barclays has raised its price target on Autodesk, Inc. to $365 from $355 while maintaining an overweight rating. Autodesk is a leading provider of digital design software, with 92.9% of net sales from design software, primarily in construction and civil engineering, and generates 93.1% of its revenue from subscription sales. Geographically, 36% of its net sales come from the United States, with significant contributions from Europe/Middle East/Africa and Asia/Pacific.

Barclays raises Urban Outfitters price target to 68 dollars from 63 dollars

Barclays has raised its price target for Urban Outfitters from $63 to $68, reflecting a positive outlook on the company's performance. This adjustment highlights the growing confidence in Urban Outfitters' market position and potential for growth.

Barclays raises Warner Bros Discovery price target to twelve dollars

Warner Bros. Discovery's price target has been increased to $12 from $10 by Barclays. This adjustment reflects the firm's updated outlook on the company's market performance.

banco santander earnings forecast and recent institutional investments update

Banco Santander, S.A. is projected to report earnings per share of 0.83 for the current year, with analysts maintaining a consensus "Buy" rating despite some downgrades. Institutional investors have increased their stakes, with QRG Capital Management acquiring 125,929 shares, bringing its total to 1,816,806 shares valued at $8.3 million. The stock opened at $6.38, showing a significant increase from its 1-year low of $4.07, while analysts have noted a positive outlook on its performance.

qrg capital management increases stake in hsbc holdings with new shares purchase

HSBC Holdings plc has a current dividend payout ratio of 115.81%, with a quarterly dividend of $1.80 per share, yielding 12.37% annually. The company reported a Q4 EPS of $1.45, surpassing estimates, but revenue fell short at $11.56 billion. Analysts maintain a Moderate Buy rating, though some suggest alternative stocks may be better investments.

santander chair ana botin receives 13 percent pay increase for 2024

Ana Botin, executive chair of Santander, received a 13% pay increase, bringing her total compensation to 13.77 million euros for 2024. This rise follows the bank's record net profit of 12.57 billion euros and a proposed 19% increase in total cash dividends. Her remuneration includes cash, shares, and pension contributions, reflecting the bank's strong performance and upcoming buybacks.

barclays raises dell technologies price target to 116 maintains equalweight rating

Barclays has adjusted its price target for Dell Technologies Inc. to $116 from $115 while maintaining an equal-weight rating. Dell is the leading global manufacturer of PCs, with product sales accounting for 72.8% of net sales and services making up 27.2%. Notably, exports represent 50.3% of the company's net sales.
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