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UBS has raised its price target for Ericsson to SEK 57 from SEK 52 while maintaining a sell rating. Ericsson AB focuses on developing, manufacturing, and marketing fixed and mobile telecommunications systems, with net sales primarily from transmission network and telephony equipment (58.1%) and services (31.1%).
09:54 16.10.2024
Global M&A activity saw a 10% increase in deal value in the first nine months of 2024, reaching $1.6 trillion, despite mixed results across regions. While North America and Europe showed signs of recovery, the Asia-Pacific region hit a ten-year low, primarily due to declines in China. Stricter regulatory scrutiny has delayed over 40% of transactions, complicating the deal-making landscape.
UBS has maintained a 'Sell' rating for Ericsson, setting a target price of 52 Swedish crowns following the company's third-quarter results, which met expectations. Analyst Francois-Xavier Bouvignies noted that gross margins remain strong, and consensus estimates for 2024 and 2025 operating profit are expected to rise by 5 to 10 percent.
14:38 15.10.2024
Lidwave has raised $10 million to advance its 4D LiDAR technology, which integrates complex sensors onto a single chip, significantly reducing costs and enhancing machine vision capabilities. This innovation aims to improve safety and automation across various industries, including automotive and industrial sectors. The company, founded in 2021, leverages its expertise in coherent optics to revolutionize LiDAR systems, making them more accessible and reliable for widespread adoption.
David Baker, Demis Hassabis, and John Jumper have won the Nobel Prize in Chemistry for their groundbreaking work in computational protein design and structure prediction, significantly advancing drug design capabilities. Alnylam Pharmaceuticals seeks FDA approval for vutrisiran to treat a severe form of transthyretin amyloidosis, while Johnson & Johnson halts a bladder cancer trial for TAR-200. AstraZeneca invests in a preclinical cholesterol-lowering drug, and Astellas acquires rights to an experimental gene therapy for frontotemporal dementia.
SAS is grappling with significant financial difficulties, reflected in its share price, which has plummeted 95.32% over the past year, now standing at 0.0015 euros with a market capitalization of just 15.3 million euros. Despite this precarious situation, the airline plans to issue a dividend of EUR 40.00 per share for 2024, resulting in an extraordinary yield of 2,666,666.67%, raising concerns among investors about the sustainability of this policy.
Over 80% of CEOs are boosting investments in digital technology to address economic challenges, with a notable focus on 3D technology innovations. The PLM software segment is leading market growth due to increasing product complexity, while cloud-based solutions are gaining traction for their flexibility and cost-effectiveness. Key partnerships and advancements in AI are driving further developments in engineering software.
DSV shares surged 7% after raising $5.5 billion for the acquisition of Schenker, boosting its earnings forecast. Recordati gained 4% following its $825 million acquisition of Sanofi's Enjaymo, while Skanska rose 3% after securing multiple contracts in the U.S. Conversely, shipowners Hapag-Lloyd and AP Moller Maersk saw declines of 12% and 6%, respectively, as the end of a U.S. port strike diminished their pricing power.
09:00 04.10.2024
DSV shares rose by 7% after raising $5.5 billion to finance the acquisition of Schenker, boosting its earnings forecast. Recordati gained 4% following its acquisition of Sanofi's Enjaymo rights, while Skanska and Groupe Pizzorno also saw increases due to new contracts and positive financial results. Conversely, shipowners Hapag-Lloyd and AP Moller Maersk dropped 12% and 6%, respectively, after the end of a US port strike that had previously inflated shipping prices.
09:00 04.10.2024
Willbe, a digital asset management service by Liechtensteinische Landesbank, offers a call deposit account with competitive interest rates: 3.30% for euros, 4.25% for US dollars, and 0.85% for Swiss francs, applicable up to 50,000 euros. The account features quarterly interest crediting and is suitable for investors seeking flexibility and sustainability. Customers benefit from statutory deposit protection up to CHF 100,000 and can manage their accounts via an app.
09:00 02.10.2024
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