Givaudan AG, a leading global producer of flavors and fragrances, reports that flavors account for 52.1% of sales, while fragrances make up 47.9%. The company operates 78 production sites worldwide, with sales distributed across various regions: Switzerland (1.2%), Europe (29%), Asia-Pacific (24.6%), North America (23.9%), Latin America (12.3%), and Africa and the Middle East (9%).
09:23 14.10.2024
UBS has raised its price target for adidas to €279 from €275, indicating a potential upside of 19%, citing continued strong sales growth exceeding 10%. The company now anticipates high single-digit revenue growth for 2024 and an operating profit of around €1 billion, up from a previous estimate of €700 million.
09:00 14.10.2024
UBS anticipates a slight decline in aviation traffic due to an upcoming tax. This analysis, published by BOURSORAMA, emphasizes that the information is provided "as is" without any warranties, and BOURSORAMA disclaims responsibility for the content. The institution adheres to strict conflict of interest policies to maintain objectivity in its investment recommendations.
09:00 14.10.2024
On October 10, 2024, the first meeting regarding the merger of Credit Suisse Italy into UBS Europe SE was held, with finalization expected by January 2, 2025. Union representatives emphasized the importance of maintaining job roles and training opportunities for affected employees, while the company assured compliance with existing contracts and protections. A Bilateral Commission on Training was established to facilitate dialogue during the integration process.
09:00 14.10.2024
UBS Asset Management maintains an overweight stance on Gilts and JPY, citing attractive valuations and the need for aggressive BoJ revaluation. In contrast, it is underweight on Japanese Government Bonds and Switzerland due to rising wages and expensive valuations, respectively. Emerging markets, particularly BRL and ZAR, are favored for their carry potential, while U.S. equities are seen as overvalued despite strong earnings.
09:00 14.10.2024
Stocks reached record highs as investors analyzed quarterly earnings and speculated on the Federal Reserve's upcoming decisions. The Nasdaq, S&P 500, and Dow all rose over 1%, with the latter two hitting all-time highs. This week, attention turns to the retail sales report, expected to show a 0.2% increase in September, following a strong jobs report and rising inflation indicators.
09:00 14.10.2024
BNP Paribas has seen over 25% growth in assets under management in Switzerland, driven by a strategic focus on the German-speaking market and the fallout from Credit Suisse's collapse. CEO Beat Bachmann highlights the bank's unique integration of wealth management and corporate services, attracting entrepreneurial families seeking diversification. Despite this success, he notes that BNP Paribas is still in the early stages of its onshore business in Switzerland.
09:00 14.10.2024
The Basel Committee's report on the 2023 banking crises highlights that liquidity ratios may not effectively predict a bank's crisis, as seen in the cases of Svb and Credit Suisse. It emphasizes the need for improved stress tests, more frequent monitoring, and the limitations of the Liquidity Coverage Ratio in addressing rapid deposit outflows. The report also notes that social media and digitization have exacerbated banking turbulence, leading to significant public interventions to restore confidence in the sector.
09:00 14.10.2024
The global contract development and manufacturing organization (CDMO) market, valued at USD 130.8 billion in 2018, is projected to reach USD 278.98 billion by 2026, growing at a CAGR of 10.0%. This growth is driven by rising demand for novel therapies, increasing complexity of treatments, and strategic partnerships between pharmaceutical companies and CDMOs. Key trends include market consolidation and significant investments in infrastructure, while challenges such as stringent regulations may hinder growth.
Venture capital interest in AI-driven health care is surging in New York, with investments in local health-tech companies exceeding $1 billion as of October. This marks a significant increase from $670 million in 2023 and $530 million in 2022, highlighting the sector's push to automate processes and innovate.
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