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Copper prices are expected to "collapse" as a rush to ship the metal to the US ahead of impending tariffs concludes. BNP Paribas forecasts prices will drop to $8,500 a ton by the end of Q2 2025, citing a significant surplus as US trade policies dampen demand. The firm has revised its copper consumption growth estimate down to 2.3% for the year, reflecting concerns over reduced global trade and economic growth.
UBS has raised its price target for EssilorLuxottica to €272, anticipating continued positive trends in the first quarter despite unfavorable currency effects. The analyst expects organic growth to match the previous quarter, driven by connected glasses, but forecasts a 3% decline in EPS due to exchange rate impacts. The Group maintains its annual sales growth target of around 5% through 2026, aiming for sales of €27-28 billion and adjusted operating income of 19-20% of sales by the end of this period.
UBS has raised its price target for EssilorLuxottica, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis and holds no responsibility for its content. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
Matthew Ponsonby has resigned as BNP Paribas' UK head of global banking, with the bank confirming that a successor will be announced soon. Ponsonby, who joined in 2017, cited a "compelling opportunity" for his departure, expressing pride in the progress made during his tenure, particularly in expanding the bank's investment banking activities in the UK.
Matthew Ponsonby has resigned as BNP Paribas's UK head of global banking, with the bank announcing that a successor will be appointed soon. Ponsonby, who joined in 2017, expressed pride in the achievements made during his tenure and is moving on to a "compelling opportunity" that remains undisclosed.
Matthew Ponsonby has resigned as BNP Paribas's UK head of global banking, with the bank confirming that a successor will be announced soon. A spokesperson praised Ponsonby for his significant contributions since joining in 2017, while he expressed pride in the progress made and mentioned moving to a "compelling opportunity."
Deutsche Bank has appointed Raja Akram, currently deputy CEO at Morgan Stanley, as its new CFO, effective next year, succeeding James von Moltke. CEO Christian Sewing's term has been extended until April 2029, while chief legal officer Stefan Simon will depart in May.In other news, Alexis Kohler, a key adviser to President Macron, will join Société Générale as executive VP in June, overseeing investment banking teams amid the bank's turnaround strategy following recent scandals.
Barclays has revised its growth forecast for Danone, lowering its organic sales growth prediction from 4.4% to 3.7% for Q1 2025 due to weak US coffee creamer sales. However, the company is expected to see a 10% rise in earnings per share, driven by strong infant formula sales in China and improved operational efficiencies. Danone's global diversification strategy is positioned to mitigate regional challenges, highlighting its resilience and potential for attractive returns.
EssilorLuxottica, formed in 2018, is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical frames, and sunglasses. The company combines the expertise of two industry pioneers, offering renowned brands like Ray-Ban, Oakley, Varilux®, and Transitions®, along with a strong international distribution network through Sunglass Hut and Lenscrafters.
Kering, a global luxury goods group, encompasses renowned brands such as Gucci, Saint Laurent, and Bottega Veneta, focusing on creativity and sustainability. In 2024, the company employed 46,930 people and achieved sales of 17.2 billion euros, operating 1,813 stores primarily in Western Europe, North America, and Asia-Pacific. The sales distribution includes 29% from Western Europe, 30.4% from Asia-Pacific, and 23.8% from North America.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
copper prices predicted to collapse as us tariffs approach
17:04 28.03.2025
ubs raises essilorluxottica price target amid currency challenges and growth outlook
14:39 28.03.2025
ubs raises price target for essilorluxottica in recent analysis
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bnp paribas uk head of global banking resigns after successful tenure
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bnp paribas uk head of global banking resigns after successful tenure
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bnp paribas uk head of global banking resigns after successful tenure
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