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Rabobank is making a surprising return to cycling sponsorship after more than a decade, starting with the Tour de France, where its logo will feature on the Visma | Lease a Bike jersey. The bank aims to support youth cycling initiatives in the Netherlands and Belgium, replacing BetCity due to new gambling regulations. This renewed partnership comes after a controversial history marked by doping scandals that led to Rabobank's withdrawal from the sport in 2012.
UBS has increased its price target for AB InBev from 66 to 72 euros while maintaining a "Buy" rating. Analyst Sanjeet Aujla highlighted the brewery's strong cash inflow, emphasizing that its attractive free cash flow yield will become a key valuation factor for investors, with margin growth expected to continue in the first half of the year.
Spotify CEO Daniel Ek has criticized Apple for failing to comply with the EU’s Digital Markets Act, labeling the company's actions a “farce” and accusing it of delaying compliance. He contends that Apple's plans for alternative app stores still impose harmful fees on developers. The EU is expected to decide on Apple's compliance by the end of March, following a €1.8 billion fine last year related to restrictive App Store practices.
Rabobank is reportedly set to return to professional cycling as a main sponsor of Team Visma | Lease a Bike, more than 12 years after leaving the sport. Discussions have been ongoing for over a year and a half, particularly after Stefaan Decraene became CEO in January 2023.The bank will replace BetCity on the team's jerseys starting with the upcoming Tour de France, as gambling sponsorships will be banned in the Netherlands by July 2025. Despite past doping controversies, the time elapsed may allow for a fresh perspective among cycling fans, potentially bolstering Team Visma's competitive edge against rivals like UAE Team Emirates - XRG.
BNP Paribas Fortis will reduce interest rates on several savings accounts starting March 1. The classic savings account's base rate will drop from 0.5% to 0.4%, while the loyalty bonus will decrease from 0.25% to 0.2%. The Plus savings account will see its base rate cut from 0.5% to 0.25%, but its loyalty bonus remains at 1%.
UBS has maintained its "Buy" rating for AB InBev, setting a price target of 66 euros following a conference call regarding the company's outlook for 2025. Analyst Sanjeet Aujla noted that sales volumes are expected to be weak in the first quarter due to calendar effects.
Genuine Parts Company (NYSE: GPC) will present at the 14th Annual UBS Global Consumer and Retail Conference on March 12, 2025, at 9:00 a.m. ET. The presentation, featuring President & CEO Will Stengel and EVP & CFO Bert Nappier, will be webcast live, with a replay available afterward. Established in 1928, the company operates a vast network of over 10,700 locations across 17 countries, providing automotive and industrial replacement parts and solutions.
Genuine Parts Company (NYSE: GPC) will present at the 14th Annual UBS Global Consumer and Retail Conference on March 12, 2025, at 9:00 a.m. ET. The presentation, featuring President & CEO Will Stengel and EVP & CFO Bert Nappier, will be webcast live, with a replay available afterward. Established in 1928, the company operates a vast network of over 10,700 locations across 17 countries, providing automotive and industrial replacement parts and solutions.
Genuine Parts Company (NYSE: GPC) will present its strategic direction at the 14th Annual UBS Global Consumer and Retail Conference on March 12, 2025, at 9:00 a.m. ET. The presentation, featuring President & CEO Will Stengel and EVP & CFO Bert Nappier, will be webcast live, with a replay available afterward.Established in 1928, Genuine Parts Company is a global leader in automotive and industrial replacement parts, operating over 10,700 locations across 17 countries and employing more than 63,000 teammates.
Genuine Parts Company (NYSE: GPC) will present at the 14th Annual UBS Global Consumer and Retail Conference on March 12, 2025, at 9:00 a.m. ET. The presentation, featuring President & CEO Will Stengel and EVP & CFO Bert Nappier, will be webcast live, with a replay available afterward. Established in 1928, the company operates a vast network of over 10,700 locations across 17 countries, providing automotive and industrial replacement parts and solutions.
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