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UniCredit shareholders approved the bank's pay policy for 2024-2025, despite governance advisers recommending rejection due to CEO Andrea Orcel's significant pay increase. Orcel's compensation rose by 30% to €13.2 million last year, with potential earnings of €16.4 million in 2025 if targets are met. Approval for the 2025 policy dropped to 66.5% from 88% the previous year, reflecting growing shareholder concerns.
UniCredit's investors have approved a pay increase for the CEO for the years 2024-2025. However, the level of approval for this decision has seen a decline.
UniCredit's annual general meeting approved a capital increase to support its hostile takeover bid for Banco BPM, Italy's third-largest bank. An overwhelming 99.88% of shareholders voted in favor of the bid, which is currently facing resistance from BPM.
Intesa Sanpaolo's IMI CIB Division launched "Obiettivo Italia 2025" in Vicenza, aiming to support Italian businesses through strategic dialogue and innovative solutions amid a complex economic landscape. The initiative will host meetings across Italy, focusing on growth strategies and market diversification, particularly in response to potential US tariffs affecting exports. With a strong emphasis on regional economic development, the program seeks to enhance collaboration between the bank and key industry players.
Intesa Sanpaolo's IMI Corporate & Investment Banking Division launched "Objective Italy 2025" in Vicenza, aiming to enhance dialogue with local businesses on key issues like innovation and financial risk management. The initiative will continue across various Italian cities, supporting over 2,300 groups and 1,800 clients, while promoting sustainable economic growth amid a complex international landscape. Italian companies, particularly in Veneto, are proactively seeking new markets in response to potential US tariffs, with notable export growth to the Middle East and other regions.
Shareholders of UniCredit have approved the bank's remuneration policy for 2025, along with last year's pay policy, despite recommendations from governance advisers ISS and Glass Lewis to reject the proposals due to concerns over CEO Andrea Orcel's pay increase. The current policy received 66.5% support, while last year's compensation was approved with 65.6% of votes at the annual meeting.
The newly formed VEO alpoma enhances cooperation among South Tyrolean fruit organizations, ensuring independence while improving coordination in variety management and research. With a focus on sustainable practices and technological advancements, the initiative aims to secure the income of over 6,000 apple growers across 18,000 hectares.
UBS has added Euronext NV to its "30 for 30" global equity focus list, citing its potential to benefit from increased European trading volumes and volatility. The investment bank highlights Euronext's strong financial performance, with a 15.1% rise in adjusted EBITDA in 3Q24, and its strategic initiatives aimed at achieving over 5% revenue and EBITDA growth through 2027. Bank Mandiri was removed from the list due to ongoing margin pressures in Indonesia.
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
Ferrari's stock price target has been lowered by JPMorgan Chase & Co. from $525 to $460, suggesting an 11.18% upside potential. The stock currently holds a "Moderate Buy" rating, with three analysts rating it as a hold and seven as a buy. Recently, hedge funds have significantly increased their stakes in the company, reflecting strong institutional interest.
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uniCredit shareholders approve CEO pay increase despite governance concerns
16:55 27.03.2025
uniCredit shareholders support CEO salary hike for 2024-2025
16:55 27.03.2025
UniCredit shareholders approve capital increase for Banco BPM takeover bid
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15:04 27.03.2025
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14:19 27.03.2025
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