Canal+ shares fell by 19% to 191.10 pence after UBS Group AG issued a neutral rating, citing risks from its acquisition of MultiChoice, which is experiencing declining profits in South Africa. This contrasts with CIC Market Solutions' optimistic target of 450 pence, suggesting the market has already accounted for these risks. Following Canal+'s decline, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price on December 13, according to Bloomberg.
Soho House is in discussions to exit the stock market through a £1.6 billion deal. This move marks a significant shift for the company as it seeks to navigate its future outside of public trading. Regular updates will be provided for those interested in following the developments.
Stuart Lawrence has been appointed head of European equities trading at UBS Asset Management, having previously served as head of UK equity trading since June 2019. His extensive career includes roles at Kepler Cheuvreux, Principal Global Investors, and Ennismore Fund Management, among others.
Canal+ shares fell by as much as 19% to 191.10 pence after UBS initiated coverage with a neutral rating and a price target of 240 pence, citing concerns over the company's acquisition of MultiChoice amid declining profits and cash flow losses. This contrasts sharply with CIC Market Solutions, which predicts a rise to 450 pence, suggesting the market has already accounted for the associated risks. Following Canal+'s London debut, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price in December.
Canal+ shares fell by as much as 19% to 191.10 pence after UBS initiated coverage with a neutral rating and a price target of 240 pence, citing concerns over the company's acquisition of MultiChoice amid declining profits and cash flow losses. This outlook contrasts sharply with CIC Market Solutions, which predicts a rise to 450 pence, suggesting the market has already accounted for the associated risks. Following Canal+'s London debut, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price in December.
UBS Group AG has reduced its stake in Adriatic Metals Plc, decreasing its voting rights from 7.13% to 5.65%. This change may influence the company's market positioning and strategic decisions, potentially affecting shareholder interests. Adriatic Metals currently has a market cap of £651.3M and a year-to-date price performance of -0.95%.
UBS Group AG has reduced its holdings in Adriatic Metals Plc, decreasing its voting rights from 7.13% to 5.65%. This adjustment may influence the company's market positioning and strategic decisions, potentially affecting shareholder interests. Adriatic Metals currently has a market cap of £651.3M and a year-to-date price performance of -0.95%.
UBS Group AG has increased its stake in Dalata Hotel Group PLC, surpassing the 4% threshold in voting rights, which enhances its influence in the company's decision-making. Dalata operates a portfolio of hotels across Ireland and the UK, catering to both business and leisure travelers. The current market cap stands at £827.9M, with a year-to-date price performance of 0.65%.
UBS Group AG has increased its stake in Dalata Hotel Group PLC, surpassing the 4% threshold in voting rights, which enhances its influence in the company's decision-making. Dalata operates a portfolio of hotels across Ireland and the UK, catering to both business and leisure travelers. The current market cap stands at £827.9M, with a year-to-date price performance of 0.65%.
Markets are bracing for a prolonged period of high interest rates following the Federal Reserve's recent policy decision, which raised forecasts for inflation and GDP growth while signaling caution on future cuts. The dollar surged, impacting emerging markets and tech stocks, with Micron Technology shares plummeting after disappointing earnings. Meanwhile, global central banks, including the Bank of England and Brazil's central bank, are navigating their own monetary challenges amid rising inflation and economic pressures.
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