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UBS has maintained a 'Buy' rating for H&M, setting a target price of 191 Swedish kronor. Analyst Sreedhar Mahamkali highlighted that while sales recovery remains a concern, there are initial signs of progress, emphasizing the importance of consistent growth for the fashion retailer.
13:25 13.11.2024
UBS has maintained its "Buy" rating for H&M, setting a target price of 191 Swedish kronor. Analyst Sreedhar Mahamkali noted that while sales recovery remains a concern, there are initial signs of progress, emphasizing the importance of consistent growth for the fashion retailer.
12:38 13.11.2024
Elisabeth Baume-Schneider has left the social network X, citing a shift in the platform's culture that no longer aligns with her values. Meanwhile, the National Council's Finance Committee will present budget options amid cuts, and the Jura government will unveil its prison strategy addressing overcrowding issues. In international news, US Secretary of State Antony Blinken is set to meet NATO and EU officials to discuss support for Ukraine, while German Chancellor Olaf Scholz prepares to address the Bundestag following his coalition's collapse.
Spotify shares surged approximately 8% in after-hours trading following a fourth-quarter profit forecast that exceeded expectations, despite third-quarter earnings and revenue falling short. The company anticipates operating income of 481 million euros and an increase in monthly active users to 665 million, while revenue is projected at 4.1 billion euros, below analyst estimates. Premium subscribers rose 12% year-over-year to 252 million, slightly surpassing forecasts.
Maximize Market Research, a global market research and consulting firm based in Pune, India, specializes in providing actionable insights across various industries, including healthcare and technology. Their services encompass market sizing, forecasting, and competitive analysis, aimed at helping businesses navigate market challenges and identify emerging trends. The company also offers custom research solutions tailored to specific client needs, ensuring they maintain a competitive edge in a rapidly evolving landscape.
Azerbaijan's President Ilham Aliyev defended fossil fuels at COP29, asserting they are a "gift of the god" and criticizing foreign media for labeling his country a "petrostate." He highlighted Azerbaijan's role in supplying gas to the EU amid the Ukraine crisis, while US climate envoy John Podesta announced a new methane fee for oil and gas companies. Meanwhile, Sweden pledged $18.4 million to the Loss and Damage Fund, and Shell successfully appealed a ruling to cut emissions by 45% by 2030.
Nordic power prices have significantly decreased due to improved hydro power forecasts following recent rainy weather. The two-week hydrological balance for Sweden and Norway, which indicates the availability of groundwater and snow for electricity generation, increased by 3.8% to 7.69 terawatt hours, marking the highest level since November 1.
In October, electric vehicles (EVs) captured a 23.6% market share in Germany, a decline from 24.5% year-over-year and below October 2021 levels. The economic downturn and high BEV prices hinder consumer adoption, while traditional petrol and diesel vehicle sales have risen. The Volkswagen Group leads the BEV market, with the Skoda Enyaq topping sales, followed by the VW ID.7 and ID.4/ID.5.
Under Armour, Inc. specializes in developing, marketing, and distributing branded sportswear, footwear, and accessories for men, women, and youth. The company operates across four regions: North America, EMEA, Asia-Pacific, and Latin America, utilizing various sales channels including wholesale, direct-to-consumer, and e-commerce platforms. In the EMEA region, sales are primarily through independent wholesalers and distributors, while in Asia-Pacific, partnerships with local distributors and e-commerce are key to market presence.
18:02 08.11.2024
The Federal Reserve has cut its policy rate by 25 basis points to a range of 4.50-4.75%, amid a global easing cycle that includes similar moves from the Bank of England and Sweden’s Riksbank. Despite a softening labor market and lower inflation, the US economy grew by 2.8% in Q3, prompting recommendations for investors to shift excess cash into quality fixed income to capitalize on attractive yields. Further rate cuts are expected, with another 25 basis point reduction anticipated in December.
14:30 08.11.2024
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