Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.
06:59 17.10.2024
SRF Ltd. shares hit a four-month low after UBS Global Research downgraded the stock from 'Buy' to 'Sell', reducing the target price from Rs 2,700 to Rs 2,100, indicating an 8.77% downside. The downgrade reflects challenges in the agro-chemical and refrigerant gas segments, with expected earnings cuts of 20-22% for fiscal year 2025. SRF is set to release its earnings report for July-September on October 22.
06:52 17.10.2024
Netflix continues to thrive in the streaming sector, driven by significant investments in original content and strong international growth. For Q3 2024, the company anticipates revenues of $9.764 billion, a 14% year-over-year increase, and a net income of $2.234 billion. Post-earnings reactions have shown volatility, with notable stock surges following strong earnings in Q3 2022 and Q3 2023, while other quarters experienced more subdued market responses. Investors should remain cautious of this volatility, as positive surprises can lead to short-term gains but may not guarantee long-term confidence.
IG
06:37 17.10.2024
The French government's plan to increase co-payments for medical consultations from 30% to 40% has sparked strong opposition from doctors' unions, who argue it threatens access to healthcare and undermines the principle of solidarity in the system. They warn that the rise in out-of-pocket expenses could lead 2.5 million uninsured individuals to forgo essential care, exacerbating health inequalities and potentially creating a two-tier system. Unions are calling for dialogue to explore alternative solutions that preserve equitable access to healthcare while addressing financial challenges.
Carmignac has appointed six new members to its Board of Directors, including former UBS executive Paolo Federici, who previously led UBS Global Wealth Management in Italy. Other notable additions include Alexander Leisten from Fidelity International and Habib Achkar, a veteran of Morgan Stanley. This move aims to enhance the company's Supervisory Board, which is led by founder Edouard Carmignac.
06:28 17.10.2024
SRF shares fell 4.4% to a four-month low of ₹ 2,206 after UBS downgraded the stock from ‘buy’ to ‘sell’, cutting the target price from ₹ 2,700 to ₹ 2,100. The downgrade stems from concerns over weak demand in the agrochemical and refrigerant gas segments, where SRF faces increased competition from Chinese manufacturers, leading to a significant loss in market share and declining export figures.
06:24 17.10.2024
Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Meanwhile, Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated stable sales but experienced a slight drop in net profit, offering a 3.62% dividend yield. The Swiss market remains volatile, highlighting the importance of identifying strong dividend stocks for income growth.
06:12 17.10.2024
George Miller, the former CEO of a Chicago hospital, has been charged with conspiracy, embezzlement, and corruption in a federal investigation. He allegedly conspired with the hospital's former CFO, Anosh Ahmed, to funnel vendor contracts to specific medical supply companies in exchange for kickbacks totaling $19 million from owner Sameer Suhail. The indictment also renews charges against Ahmed and others for fraudulent payments and includes new tax charges against Ahmed for underreporting income.
Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated sales of CHF 727.71 million in Germany and CHF 291.80 million in Switzerland, offering a 3.62% dividend yield, though its dividends have been deemed unreliable over the past decade. Meanwhile, Banque Cantonale Vaudoise maintains a stable dividend yield of 4.83%, supported by a payout ratio of 78.7%, despite a slight decline in net profit.
06:10 17.10.2024
The SMI closed higher, driven by gains in Nestlé, Lonza, and ABB, while Wall Street experienced a record chase. In Tokyo, the Nikkei index fell 0.6% amid pressure on technology stocks following a sales warning from ASML, with investors awaiting TSMC's quarterly report, expected to show a 42% profit increase. Major chipmakers like Tokyo Electron and Advantest saw significant losses as the market adjusted ahead of these announcements.
06:10 17.10.2024
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