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UBS has downgraded Volvo to neutral with a target price of SEK 274, slightly up from SEK 263. The company, a leading European truck manufacturer and third globally, reported 2023 net sales with 66.3% from truck sales, 18.7% from construction equipment, and smaller contributions from financial services, buses, and parts. Geographically, 42.8% of sales came from Europe, followed by North America at 29.8%.
10:09 25.10.2024
The virtual reality market is experiencing significant growth, projected to expand from USD 1.57 billion in 2023 to USD 36.46 billion by 2031, with a CAGR of 48.20%. This surge is driven by technological advancements, particularly the adoption of 5G, and the integration of VR across various sectors, including healthcare, education, and manufacturing. Key players like Oculus, Sony, and HTC are innovating in hardware and software, enhancing immersive experiences and broadening the market's reach.
Swiss industrial group ABB Ltd. has decided against providing additional financing to the struggling battery maker Northvolt AB, according to sources. Northvolt is currently seeking a $300 million bailout, with discussions for an emergency funding package involving shareholders, lenders, and customers nearing completion.
Under Armour, Inc. specializes in the development, marketing, and distribution of branded athletic performance apparel, footwear, and accessories for men, women, and youth. The company operates across four geographic segments: North America, EMEA, Asia-Pacific, and Latin America, utilizing both wholesale and direct-to-consumer channels for sales. In EMEA, products are primarily sold through wholesale customers and independent distributors, while in Asia-Pacific, sales occur through distribution partners and e-commerce platforms.
15:16 24.10.2024
Klarna Bank AB shareholders voted to remove board member Mikael Walther, reflecting ongoing tensions within the company's leadership. The decision was supported by 87% of investors during a recent meeting, signaling significant discontent at the highest levels of the financial technology firm.
At COP16 in Cali, tensions rise over the future of the Global Biodiversity Framework Fund (GBFF), established at COP15 but struggling for contributions. Developing nations advocate for a new fund to enhance their influence, while developed countries, like Canada, resist, fearing fragmentation and increased costs. The GBFF has approved only 22 projects, highlighting challenges in accessing funds, with calls for reform to streamline support for biodiversity initiatives.
UBS has raised its target price for Svenska Handelsbanken to SEK 99 while maintaining a sell recommendation. The bank, a leading Scandinavian group, derives 96.5% of its income from commercial banking and manages SEK 1,298.5 billion in deposits and SEK 2,282.2 billion in loans as of the end of 2023. Geographically, 64% of its income comes from Sweden, followed by the UK at 21.3%.
10:06 24.10.2024
UBS has raised its target price for Swedbank to SEK 249, maintaining a Buy rating. Swedbank AB operates primarily in retail banking, which accounts for 81.4% of its revenues, with significant operations in Sweden and the Baltic States. The group also engages in investment banking and is expanding its asset management and insurance services.
10:06 24.10.2024
UBS has raised its price target for Swedbank to SEK 249, maintaining a Buy rating. Swedbank operates primarily in retail banking, generating 81.4% of its revenues, with significant contributions from Sweden and the Baltic States. The group also engages in investment banking and asset management, managing SEK 1,305.9 billion in deposits and SEK 1,842.8 billion in loans as of the end of 2022.
10:06 24.10.2024
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