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A proposed 5-euro tax on cigarette packs aims to generate 13.8 billion euros for Italy's National Health Service, addressing the health crisis linked to smoking, which causes 93,000 deaths annually. Supported by 62% of the public, the initiative seeks to reduce tobacco consumption and has garnered bipartisan backing in the Senate.
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.
H4D, a pioneer in teleconsultation booths, has gone out of business due to an unsustainable business model and high operational costs, despite initial funding boosts and a surge in telemedicine during the pandemic. Local authorities struggled to make the sophisticated booths profitable, with low user engagement leading to only 300 consultations in 18 months in one village. As competition from cheaper alternatives grows, the telemedicine sector is still searching for a viable business model, with hopes for future growth amid regulatory changes.
Italy's Structural Budget Plan, replacing the NaDef, commits the country to a binding five-year public finance program with strict spending limits. Aimed at reducing the structural deficit by 0.55% of GDP annually in 2025 and 2026, the plan mandates that net primary expenditure grows by no more than 1.5% per year until 2031, reversing the post-Covid spending surge.
Liechtensteinische Landesbank AG (LLB) experienced a slight price decline of 0.33% to EUR 75.75 on October 4, 2024, despite a year-on-year increase of 13.48%. The bank announced a dividend of EUR 2.70 per share for the 2024 financial year, yielding 3.56%, and has a P/E ratio of 11.97, indicating a solid investment opportunity. Recent analyses suggest shareholders may need to consider their options regarding buying or selling shares.
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.
Moody's has affirmed Berner Kantonalbank's "Aa2" rating for long-term deposits and "A2" for long-term senior unsecured debt, maintaining a stable outlook. Despite this positive assessment, the bank's share price dipped to EUR 243.00, with a planned dividend of EUR 10.00 per share, yielding 4.13%. Recent analyses suggest shareholders may need to consider their options carefully.
US share markets faced pressure from escalating Middle East tensions and anticipation of the September payrolls report, while the ASX 200 reached a record high before declining. Key economic indicators showed mixed results, with stronger job openings and a rise in crude oil prices, while inflation in the euro area eased and China's manufacturing PMI fell. Upcoming key dates include the RBA meeting minutes and US inflation data, as markets brace for potential shifts in monetary policy.
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DKSH Holding reported a net profit of CHF 111.2 million, despite slightly lower sales, while EFG International achieved a net profit of CHF 162.8 million in the first half of 2024, with a dividend yield of 4.74%. The Swiss market is currently cautious, with top dividend stocks offering yields up to 5.6%.
Glarner Kantonalbank (GLKB) has demonstrated stable performance amid economic challenges, with a slight share price increase of 0.67% over the past month, reflecting investor confidence. The bank's attractive dividend policy is highlighted by an expected EUR 1.10 per share for 2024, yielding 4.90%, appealing to income-focused investors. Recent analyses suggest shareholders may need to consider their positions carefully.

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