Santo Ficili, the new head of Maserati and Alfa Romeo, aims to elevate both brands while navigating the complexities of the automotive industry's transition to electric vehicles. He emphasizes the importance of effective marketing and customer guidance amidst current market confusion over various powertrains. With a focus on synergy and product launches, Ficili is optimistic about the future despite challenges in the luxury segment.
Doubts about growth prospects persist, with tax revisions potentially slowing consumption and significant cuts to local authorities deemed unsustainable. The 2025 financial maneuver introduces a family quotient for tax deductions, favoring larger families with lower incomes, while also providing a 1,000-euro card for new parents and extending parental leave benefits. However, concerns remain about the impact of restrictive measures on household consumption, which is projected to grow only modestly.
The Meloni government is prioritizing families and health care in its budget, allocating over 1.5 billion euros for various measures. Key reforms include a structural cut in the tax wedge, a new family quotient for deductions, and significant investments in health care, with the health fund projected to reach 140 billion euros by 2026. While banks and insurance companies will face financial adjustments, the government assures no new taxes for lower-middle incomes.
Elevance Health's stock has experienced a significant decline due to recent changes in Medicaid and Medicare policies. These adjustments have raised concerns among investors, impacting the company's market performance. The situation highlights the ongoing challenges in the healthcare sector.
UBS has reduced its price target for Puma SE from €48.50 to €43.50 while maintaining a "Neutral" rating. Analyst Robert Krankowski noted that Puma is currently facing challenges in achieving its profitability targets for 2025, as recent favorable conditions have shifted to headwinds.
08:40 17.10.2024
VPBank has partnered with CleverTap to enhance customer engagement and deliver hyper-personalised banking experiences in Vietnam. This collaboration aims to leverage AI-driven insights for targeted campaigns, improving customer retention and driving growth in a competitive market. Both companies are committed to setting new standards in customer engagement within the banking sector.
08:39 17.10.2024
UBS has downgraded A.P. Möller-Maersk to neutral from buy. The company, a leader in maritime transportation, operates over 707 vessels and offers port and logistics services. Its net sales are primarily generated from the United States (22.4%), with other significant contributions from various countries.
08:38 17.10.2024
UBS has downgraded A.P. Møller-Maersk to neutral from buy. The company, a leader in maritime transportation, operates a fleet of over 707 vessels and offers port and logistics services. Its net sales are geographically diverse, with significant contributions from the United States (22.4%) and other regions.
08:38 17.10.2024
UBS has downgraded A.P. Møller-Maersk to neutral from buy. The company, a leader in maritime transport, operates a fleet of over 707 vessels and provides port and logistical services. Its net sales are primarily generated from the United States (22.4%) and other global markets.
08:38 17.10.2024
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with participation from venture capital firms. Radicant will continue under CEO Anton Stadelmann, with a new six-member Board of Directors formed from both companies.
08:30 17.10.2024
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