UBS analyst Thomas Wadewitz has initiated coverage on Alaska Air (NYSE: ALK) with a "Buy" rating, highlighting the airline's attractive revenue growth potential. This move reflects confidence in Alaska Air's performance in the competitive aviation market.
UBS has raised its target price for Zurich Insurance, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA disclaiming any responsibility for its content and ensuring no conflicts of interest affect its objectivity.
Rajputana Biodiesel's IPO saw robust demand, achieving full subscription on its first day, November 26, with bids totaling 16.53 times the offer. The company is raising Rs 24.70 crore by offering 19 lakh equity shares at a revised price band of Rs 123-130 per share. Retail investors led the interest, bidding 31.1 times their quota, while non-institutional investors subscribed 13.16 times. The funds will support the expansion of manufacturing facilities and working capital needs.
Arunachal Pradesh is set to become India's hydropower hub with projects worth Rs 1 lakh crore in the pipeline. The Union Cabinet has approved two projects totaling 426 MW, with an immediate goal of operationalizing 12,500 MW in the next two years, spearheaded by central public sector undertakings. Five projects are expected to commence next year, followed by three each in 2026 and 2027.
Abercrombie & Fitch reported its sixth consecutive quarter of double-digit sales growth, with earnings per share of $2.50, surpassing expectations. The company anticipates a 5% to 7% sales increase for the holiday quarter, driven by strong performances across regions and brands, despite a recent scandal involving its former CEO. CEO Fran Horowitz emphasized the brand's focus on international markets and new product categories to sustain momentum.
Veterinary telehealth is rapidly evolving, utilizing technology to provide remote access to veterinarians for pet owners, enhancing convenience and care, especially in underserved areas. This method facilitates quicker diagnoses and ongoing management of chronic conditions, while still recognizing the need for in-person consultations for complex cases. Major players in this market include Petzam, PetDesk, and TeleVet, with significant growth anticipated by 2032 driven by increased R&D spending.
Raiffeisen banks Thunersee and Kiesental plan to merge to enhance their market position and address challenges like regulatory pressures and digitalization. The merger aims to maintain customer proximity while improving advisory services, with all jobs retained and a combined asset total of CHF 2.4 billion. The new entity will be named Raiffeisenbank Thunersee-Kiesental, with a planned technical merger on June 10, 2025.
Nippon Life India Asset Management has acquired two commercial properties in Mumbai's One Lodha Place for Rs 486.03 crore from Macrotech Developers. The purchase includes 52,162 square feet of space and 43 car parking spaces, with a stamp duty of Rs 29 crore. This acquisition highlights the growing demand for office spaces in key micro-markets like Lower Parel, driven by the banking, financial services, and insurance sectors.
UBS analyst Thomas Wadewitz has initiated coverage on Delta Air Lines (NYSE: DAL) with a "Buy" rating, highlighting the airline as a premium investment opportunity with significant growth potential. The analysis suggests that Delta has room to expand further in the market.
UBS is in the process of acquiring full ownership of its securities joint venture in China, currently held at 67% after its partner, Beijing State-owned Assets Management, decided to auction its 33% stake. This move follows UBS's strategic exit from the securities business of Credit Suisse in China, where it sold a significant portion of its stake in CS Securities.