(BFM Bourse) – The automotive manufacturer Stellantis flashed its brilliant results in front of the veterinary laboratory Virbac in the past year. At the opposite end of the spectrum, Orpea balanced its balance sheet at the cost of a nearly 100% drop, while fellow retirement home operator Clariane also suffered. The Paris market had a … Read more
Investing in the commodity sector is extremely difficult. Those who try will encounter two structural problems: the impossibility of predicting the price of the relevant raw material, whose fluctuations often defy logic; and typically the average profitability of mining companies, although we try to smooth it out over the cycle. The case of gold producers … Read more
A US court on Friday upheld an order by the Federal Trade Commission (FTC) to block IQVIA’s acquisition of DeepIntent, a healthcare advertising company, on the grounds that it could harm competition. DeepIntent, owned by Propel Media, an advertising and digital media company, entered into a 2022 deal with US-based IQVIA to facilitate communication between … Read more
Asset managers hoping to be among the first to win approval to launch exchange-traded funds (ETFs) pegged to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, with market participants believing a decision from a regulatory body could be within reach. By late Friday afternoon, BlackRock … Read more
Finnish telecoms group Nokia said on Saturday it will miss its financial targets for this year because it cannot count on revenue from license renewal talks expected to continue for much of next year. Nokia said its full-year outlook calls for the completion of rolling license renewals at Nokia Technologies, its technology unit. The company … Read more
Swiss drugmaker Roche said Friday it has agreed to buy LumiraDx’s LumiraDx diagnostics platform for about $295 million. LumiraDx shares rose 20% to 76 cents in after-hours trading. The transaction is expected to be completed by mid-2024, after which the acquired segment will become part of Roche’s diagnostics unit, the drugmaker said. Under the terms … Read more
Egg producer Cal-Maine Foods said Friday it has agreed to buy a recently closed broiler processing, hatchery and feed plant in Dexter, Missouri, from Tyson Foods. Tyson, America’s largest meat producer by revenue, said in August it would close four of its chicken plants in states including Missouri to cut costs amid slowing demand for … Read more
by Stephen Culp NEW YORK (Reuters) – The New York Stock Exchange ended slightly lower on Friday as investors expressed optimism about upcoming rate cuts from major central banks on the final trading day of the year. The Dow Jones fell -0.05%, or 20.56 points, to 37,689.54. The broader S&P-500 lost 13.52 points, or -0.28%, … Read more
by Augustine Turpin (Reuters) – European stock markets ended higher on Friday as Wall Street slipped into negative territory mid-session amid slow trading on the final trading day of the year, with optimism over the pace of cuts by major central banks continuing. drive markets in the absence of other indicators. In Paris, the CAC … Read more
(BFM Bourse) – The Paris index ended 2023 well. The CAC 40 had a great year in which it broke its records. On the value side, certain industrial groups such as Stellantis, Schneider Electric and Saint-Gobain shone. “It was the last session,” I quote an Eddy Mitchell song. And the CAC 40 finally ended the … Read more