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UBS Group AG is considering job cuts in France due to a weakening economy and the integration of Credit Suisse. The bank's spokesman noted that the restructuring is linked to a less favorable market environment and is currently being discussed with the works council. French business confidence has declined, and the economy is projected to grow only 0.2% per quarter in the first half of next year.
UBS Group AG is considering job cuts in France due to a weakening economy and the ongoing integration of Credit Suisse. The bank's spokesman noted that the restructuring is linked to a less favorable market environment and follows a drop in French business confidence, with the economy expected to grow only 0.2% per quarter in early 2024. The plan is currently being presented to the works council, with support measures for affected staff to be developed in collaboration with employee representatives.
UBS Group AG is contemplating job cuts in France due to a declining economic outlook and the integration of Credit Suisse. A company spokesman indicated that the restructuring is a response to the less favorable market environment, though the specific number of potential cuts remains unspecified.
UBS Group AG is contemplating job cuts in France due to a declining economic outlook and the integration of Credit Suisse. A company spokesman indicated that the restructuring is a response to the less favorable market environment, though the specific number of potential cuts remains unspecified.
UBS Group AG is considering job cuts in France due to a weak economic outlook and the integration of Credit Suisse. The restructuring plan is being presented to the works council, with measures for affected staff to be developed in collaboration with employee representatives. France's economic growth is projected at only 0.2% per quarter in the first half of next year, amid political uncertainty and a recent credit rating downgrade by Moody's.
VTEX (NYSE:VTEX) saw its price target reduced from $12.50 to $11.00 by UBS Group, maintaining a "buy" rating, suggesting an 89.66% upside potential. Citigroup initiated coverage with a "neutral" rating and a $6.70 target. The stock is currently trading at $5.80, with a consensus rating of "Moderate Buy" and a target price of $9.62.
VTEX (NYSE:VTEX) has received a price target reduction from UBS Group, now set at $11.00, indicating a potential upside of 89.66%. The stock currently holds a "Moderate Buy" rating, with a consensus target price of $9.62, despite a recent trading dip to $5.80. Institutional investors have been active, with significant new stakes acquired in the third quarter.
UBS Group AG extended a credit line to commodity trader 2Rivers three months prior to the UK government sanctioning the firm, labeling it a “lynchpin” in Russian oil flows. 2Rivers was formed earlier this year through a rebranding of Coral Energy Group following a management buyout.
UBS Group AG extended a credit line to commodity trader 2Rivers three months prior to the UK government imposing sanctions on the firm, labeling it a “lynchpin” in Russian oil flows. 2Rivers was formed earlier this year through a rebranding of Coral Energy Group following a management buyout.
Accenture's COO sold shares at an average price of $373.24, totaling $1.87 million, reducing their stake by 22.13%. Over the past 90 days, insiders sold 36,298 shares worth $13.37 million, while institutional investors now hold 75.14% of the company. UBS Group raised its price target for Accenture to $455, indicating a potential upside of 21.39%.
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