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UBS (Lux) Fund Solutions has updated the indices and names of three ETFs to comply with ESMA guidelines, effective today. The ETFs affected are the Factor MSCI EMU Quality ESG, Factor MSCI EMU Prime Value ESG, and MSCI China ESG Universal Low Carbon Select, which will now feature new indices and corresponding name changes. Shareholders are assured that the investment objectives, policies, risk profiles, and fees will remain unchanged, and they are encouraged to consult their financial advisors for further information.
FDM Group shares (LON: FDM) have seen a significant decline, dropping 24.59% in early 2025 and 47.88% over the past year. Deutsche Bank has cut its price target from 360 GBp to 275 GBp while maintaining a Hold rating, reflecting cautious optimism amid a challenging market. The stock, currently trading at 239.50p, has fallen over 80% since September 2021, as it seeks support in a fluctuating environment.
UBS CEO Sergio Ermotti stated that current capital requirements are sufficient and criticized proposals for stricter regulations, particularly the suggestion that Swiss banks must back foreign investments with 100% equity. He emphasized the importance of maintaining UBS's competitiveness and highlighted the successful integration of Credit Suisse clients, with a focus on the upcoming transition in Switzerland. The bank aims to save $13 billion by 2026, having already saved $7.5 billion.
UBS maintains a Buy recommendation for ArcelorMittal ahead of its Q4 results, with a target price of €27.1, indicating a potential upside of 14%. The firm anticipates stable EBITDA for the quarter, while highlighting concerns over customs duties. The company expects its strategic growth projects to enhance EBITDA and investable cash flow in the future.
UBS has maintained a "Buy" rating for ArcelorMittal, setting a target price of 27.10 euros ahead of the company's quarterly results. Analyst Andrew Jones anticipates a 2 percent decline in the steel group's operating result (EBITDA) compared to the previous quarter, aligning with market expectations.
UBS has rated ArcelorMittal as a 'Buy', but the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investing in securities carries risks, including the potential loss of the entire capital invested, and expert investment advice is recommended. No liability for the accuracy or completeness of the information is assumed.
UBS maintains a 'Buy' rating for ArcelorMittal with a target price of 27.10 euros, anticipating a slight EBITDA decline. Goldman Sachs raises its target to 25.70 euros but keeps a 'Neutral' stance, while Deutsche Bank increases its target to 30 euros, also rating it 'Buy'. Jefferies highlights ArcelorMittal as a favorite for 2025 with a target of 33 euros.
Zürich Cantonal Bank (ZKB) has strengthened its sustainable investment team with the recruitment of Clément Maclou and Luca Menozzi. Maclou, specializing in thematic funds related to the ageing population, takes on the role of lead manager for the "Swisscanto (LU) Equity Fund Sustainable Healthy Longevity," while Menozzi, focusing on technology and digital disruption, joins as co-manager of the Swisscanto (LU) Equity Fund Sustainable Digital Economy. Their extensive experience from notable financial institutions is expected to enhance ZKB's expertise in sustainable investments.
Barclays PLC has increased its stake in B&M European Value Retail S.A. to over 5%, becoming a major shareholder. As of January 15, 2025, Barclays holds 2.7% of voting rights directly and an additional 2.33% through financial instruments, totaling 50,440,153 voting rights. This marks a significant shift from its previous holdings, with the financial instruments set to expire between April 2026 and August 2031.
VP Bank, a leading financial institution in Liechtenstein, reported a solid start to 2025 with a market capitalization of EUR 514.3 million. The current share price is EUR 85.75, reflecting a slight decline of 0.58% from the previous day but a 5.18% increase month-on-month. With a forecast P/E ratio of 10.22, the bank's international presence in key financial centers supports its robust business development, prompting discussions on whether shareholders should buy or sell.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs updates etfs indices and names to comply with esma guidelines
10:32 03.02.2025
FDM Group shares decline as Deutsche Bank cuts price target to 275 GBp
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10:00 31.01.2025
ubs ceo opposes stricter capital requirements amid integration efforts
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21:27 30.01.2025
ubs maintains buy rating for arcelormittal ahead of quarterly results
11:05 29.01.2025
ubs maintains buy rating for arcelormittal with target price of 27.10 euros
08:37 29.01.2025
ubs rates arcelormittal as buy amid investment considerations and risks
08:37 29.01.2025
analysts maintain positive outlook on arcelormittal with varied target prices
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ThyssenKrupp Steel AG
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Bastian Synagowitz
Olaf Scholz
Matt Greene
Dominic O'kane
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07:37 29.01.2025
ZKB enhances sustainable investment team with new expert hires
12:22 27.01.2025
Barclays PLC increases stake in B&M European Value Retail to over 5 percent
12:53 24.01.2025
VP Bank reports solid start to 2025 despite slight share price decline
00:57 24.01.2025
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