Tag:

sections

Roche Stock: Big Investment Boosts Germany’s Biotech Hub ()

by Chief editor of world-today-news.com November 28, 2024

written by Chief editor of world-today-news.com

Swiss pharmaceutical giant Roche is making a substantial commitment to Germany’s biotech sector with a €600 million investment in a state-of-the-art research production facility. The new facility, which will be built in Penzberg, Bavaria, south of Munich, will primarily manufacture diagnostic components including enzymes, antibodies, and nucleotides. The impressive facility, which will be built on former coal mine grounds, will span 73 meters in length, 41 meters in width, and reach a height of 37 metres. Production is expected to begin in 2028, initially employing 200 employees, marking a significant expansion of Roche’s research capabilities in the region.

Market Performance

The news has been very attractive to investors, as Roche’s stock saw an upward movement on the Swiss Stock Exchange (SIX). The share price increased by 0.3 percent, reaching 253.20 CHF, with analysts maintaining a positive outlook and setting an average price target of 272.50 CHF. The company’s market capitalization is 191.2 billion euros, confirming its position as a leading healthcare enterprise. Furthermore, dividend forecasts for this year show an increase to 9.82 CHF per share, up from 9.60 CHF the previous year.

Roche Stock: New Analysis – November 28

Fresh Roche Information Released. What are the implications for investors? Our latest independent report examines recent figures and market trends.

Read our updated Roche analysis…

2024-11-28 19:24:00
#Roche #Stock #Big #Investment #Boosts #Germanys #Biotech #Hub

November 28, 2024 0 comments

News

Börse Express – ROUNDUP/Stock New York Verdict: Some losses

by Chief editor of world-today-news.com November 27, 2024

written by Chief editor of world-today-news.com

The Dow ended the day 0.31 percent lower at 44,722.06 points, after climbing to 45,003 points shortly after the start of trading. Its year-to-date profit is currently 18.7 percent.

The S&P 500 fell 0.38 percent to 5,998.74 points on Wednesday, almost completely giving up its biggest gains since the previous day. Its current annual increase is nearly 26 percent. The Nasdaq 100 lost 0.85 percent to 20,744.49 points in the middle of the week, but has risen by 23.3 percent in total since the beginning of 2024.

“The Christmas rally is fully engaged in the US stock exchanges,” said portfolio manager Thomas Altmann of QC Partners, despite a small loss that day. He specifically referred to the S&P 500 throughout of the market, which had been up for seven days in a row until Tuesday. “There has only been an even longer winning streak once this year: that was in August with eight consecutive positive trading days. “

Major tech stocks especially fell on this trading day. Nvidia lost another 1.2 percent and has lost 11.5 percent since its peak of just under $153 about a week ago. Nevertheless, the AI chip specialist’s shares remain unchallenged at the top of the Dow and the Nasdaq 100 with an annual gain of just over 170 percent.

Salesforce lost 3.8 percent at the end of the Dow. However, SAP’s business counterpart had also reached its peak recently. Investors can currently look forward to an annual increase of just over 25 percent.

Microsoft gave up 1.2 percent. According to sources, the US competition authority FTC started an antitrust investigation under current head Lina Khan. The group’s lawyers will meet with the company’s competitors next week to gather more information about the software company’s business practices, two other people familiar with the plans told Bloomberg news agency. Microsoft and the FTC declined to comment.

In the Nasdaq 100, according to figures and reports of further business development, Workday, Crowdstrike and Autodesk lost up to 8.6 percent. In some cases there were disappointments, but in others the securities had already done well – like Autodesk. Goldman analyst Kash Rangan summed it up: Given the 50 percent increase in the share price in the past six months, the modest increase in Autodesk’s sales target for the fourth quarter indicates that ” relatively small”.

For HP it fell by 11.4 percent and for Dell by 12.3 percent. It’s a long time coming to get back on the PC market. In addition, according to UBS analyst David Vogt at Dell, excessive expectations of revenue from AI servers was also a reason for the price loss.

Symbotic fell even more sharply at nearly 36 percent. The automation technology company lowered its revenue target for the first fiscal quarter, citing accounting errors in its annual financial statements.

be exchanged for 1.0566 Euro. The European Central Bank set the reference rate at 1.0531 (Tuesday: 1.0522) dollars. So the dollar cost 0.9495 (0.9503) euros.

On the bond market, the ten-year government bond futures contract (T-Note Future) rose 0.33 percent to 110.69 points. The yield fell to 4.25 percent./ck/he

ISIN US2605661048 US 6311011026 US78378X1072

AXC0300 2024-11-27/22:47

2024-11-27 21:47:00
#Börse #Express #ROUNDUPStock #York #Verdict #losses

November 27, 2024 0 comments

News

Börse Express – New York Stocks Outlook: Middle East conflict causes problems for Dow

by Chief editor of world-today-news.com October 2, 2024

written by Chief editor of world-today-news.com

Three quarters of an hour before the start of trading, the broker IG estimated the Dow Jones Industrial about 0.2 percent lower to 42,090 points. IG also sees the tech-heavy Nasdaq 100 index down about 0.2 percent at 19,732 points.

After an Iranian rocket attack on Israel, Prime Minister Benjamin Netanyahu announced retaliation. “And as long as there is counterattack after counterattack in this conflict, anxiety is likely to remain in the stock market.

Among the individual stocks, Nike shares seem to be clearly in the focus of investors. The US sporting goods company had reported a sharp decline in sales for the third quarter the night before and suspended its annual targets shortly before new CEO Elliott Hill took office. In addition, an investor day planned for November was canceled. The headlines seemed negative and the problems were raised at home, experts said. In US premarket trading, Nike shares recently fell by 7.9 percent.

Apple shares lost 0.7 percent premarket. Previously, analysts from JPMorgan, Barclays and Citigroup had lowered their estimates for iPhone sales.

US-listed Chinese stocks were again in good shape in pre-market trading. They continue to benefit from Beijing’s measures to support the domestic economy. Shares of Chinese online retailer Alibaba rose another 4.3 percent before the trading session. Shares of search engine operator Baidu gained 6.5 percent./edh/stk

ISIN US2605661048 US 6311011026 US78378X1072

AXC0206 2024-10-02/14:58

2024-10-02 12:58:00
#Börse #Express #York #Stocks #Outlook #Middle #East #conflict #problems #Dow

October 2, 2024 0 comments

Sport

Nike Divisions: US sporting goods maker facing challenges – forecast decline for quarterly results? Stock news (aktiencheck.de)

by Chief editor of world-today-news.com September 30, 2024

written by Chief editor of world-today-news.com

Bad Marienberg (www.aktiencheck.de) – According to Reuters, investors and analysts expect Nike Inc. (ISIN: US6541061031, WKN: 866993, ticker symbol: NKE, NYSE symbol: NKE) reports its quarterly results on Tuesday. This is the company’s first earnings report since a new CEO was announced earlier this month.

Elliott Hill, who spent 32 years at the sportswear giant, will become the new CEO on October 14, replacing John Donahoe. Nike announced this personnel decision on September 19.

Hill faces the challenging task of reviving a once-dominant brand that is losing market share to smaller, more nimble rivals such as Deckers’ Hoka and the Roger Federer-backed On . This competition has become more important recently and is a challenge for Nike.

The upcoming quarterly results will be crucial in assessing how well Nike has responded to these challenges and what strategies will be pursued under the new leadership of Elliott Hill (Source: Reuters). (09/30/2024/ac/a/n)

2024-09-30 14:04:06
#Nike #Divisions #sporting #goods #maker #facing #challenges #forecast #decline #quarterly #results #Stock #news #aktiencheck.de

September 30, 2024 0 comments

Business

dpa-AFX overview: HELP from September 27, 2024 – 3:15 p.m.

by Chief editor of world-today-news.com September 27, 2024

written by Chief editor of world-today-news.com

ROUNDUP: Automotive crisis hits Hella – shares under pressure

LIPPSTADT – The difficult situation in the car industry is hampering the business plans of the headlight manufacturer Hella . Especially since the middle of the year, the general conditions have worsened than expected, explained the head of the company Bernard Schäferbarthold on Thursday evening in Lippstadt. It expects lower sales and operating profit than recently and has cut its forecasts for this year. The news was not well received on the stock market on Friday.

ROUNDUP: Mutares faces charges of short sellers – CEO extended

MUNICH – the investment company Mutares extended the contract with its CEO early in the middle of a dispute with a short stock seller. The contract with Robin Laik, who is also the founder and main shareholder of the company, will run for another five years until the end of 2029, the company announced on Friday. In addition, Mutares rejected the hedge fund and short seller Gotham City’s allegations about the company’s accounting in a detailed statement. The exchange rate of Mutares decreased to tala.

Borussia Dortmund expects lower sales and profits in 2024/2025

DORTMUND – Bundesliga soccer team Borussia Dortmund (BVB)
After the second highest annual profit in its history, the company may have to cook smaller rolls. For the current financial year 2024/2025, the management expects a profit of 5 to 15 million euros, so in the SDax.
listed companies announced on Friday in Dortmund. In the financial year 2023/24, the surplus rose to 44.3 million euros. After several zero cycles, shareholders should now receive a dividend again.

Schaeffler with a change in the financial sector in the new year

HERZOGENAURACH – Schaeffler as part of the upcoming merger with electric drive specialist Vitesco
reorganize its board of directors. Christophe Hannequin (48) will take over as CFO no later than October 1, 2025, as Schaeffler announced on Friday. His predecessor, Claus Bauer, will fulfill his contract until the end of the term on 31 August 2025.

ROUNDUP: Baywa must write off 222 million euros

MUNICH – The ailing agricultural company Baywa they have to correct the value of investments down and write off 222 million euros. This is the result of value studies on the fixed assets, as announced by the company. The largest part of this so-called impairment test, 171.5 million euros, was due to the 51 percent interest in Baywa re, which combines the renewable energy business.

More news

-LBBW combines commercial real estate financing

-Lithuania wants to buy Leopard main battle tanks

– Auto supplier ZF lowers sales forecast again

-ROUNDUP: Hurricane ‘Helene’ is ravaging the east coast of the USA – reports of deaths

-The Shipping Association recommends consultations on a global CO2 tax

Gambling pioneer Gauselmann is retiring after 67 years

-Swiss railway chief: Suffering from passengers in Germany

-Nabu warns against weakening the protection of species

– Environmental associations: CO2 storage slows down the energy transfer

-Law against dealing in ‘junk buildings’

-ROUNDUP / Fewer TV and radio programs: What the broadcasting reform would mean

– Help for balcony power plants – Federal Council approves changes °

Customer note:

ROUNDUP: You read a summary in the overview of the company. There are several reports on this topic on the dpa-AFX news service.

/ja

AXC0181 2024-09-27/15:20

2024-09-27 19:30:06
#dpaAFX #overview #September #p.m

September 27, 2024 0 comments

News

Börse Express – STOCK ROUNDUP / New York: Dow with another record

by Chief editor of world-today-news.com September 27, 2024

written by Chief editor of world-today-news.com

The S&P 500 across the board, which had set a new record the previous day, rose 0.26 percent to 5,760.16 points on Friday. The technology-heavy Nasdaq 100 fell 0.15 percent to 20,086.22 points.

In the US, consumer spending rose less than analysts expected in August compared to the previous month. US consumer sentiment – measured by the University of Michigan Index – was brighter than expected in September. The rise in the PCE deflator of personal consumption expenditures — the Fed’s favorite price measure — fell short of forecasts. This means that there is hardly anything standing in the way of a further US interest rate cut in November that was hoped for on the stock exchanges.

Shares in department store chain Costco lost 1.9 percent to $884 after announcing detailed business figures. This means that they are likely to continue their recent consolidation at a high level – two weeks ago they reached a high of almost $924. The surprisingly good profit development in the last quarter did not help the share price. Costco had already mentioned the sales development earlier.

With a gain of 0.1 percent, Intel shares barely accepted the news that the semiconductor company had rejected a purchase offer from British chip design company ARM Holdings for its manufacturing division. This was reported by the Bloomberg news agency, citing insiders. The ARM shares traded on Nasdaq lost 2.1 percent./edh/men

ISIN US2605661048 US 6311011026 US78378X1072

AXC0209 2024-09-27/16:55

2024-09-27 14:55:00
#Börse #Express #STOCK #ROUNDUP #York #Dow #record

September 27, 2024 0 comments

Newer Posts

Older Posts