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Traton Warns Supply Shortages Will Hit 3Q Vehicle Sales

Traton SE (+1,9%) said Wednesday that shortages of semiconductors and other parts are hitting sales in the third quarter and are expected to continue into the next year. Volkswagen AG’s truck maker said vehicle sales in the current quarter will be significantly lower than planned due to the shortages, which it expects to continue into and beyond the fourth quarter.

23.09.2021

Universal Music Group jumped in its stock market debut

Universal Music Group jumped in its stock market debut. Shares of the company, which was spun off from French media group Vivendi, leapt 36% from their reference price. Shares of Vivendi fell 13% after the spin-off and listing of Universal Music Group, for years its crown jewel that accounted for the lion's share of revenue growth. Vivendi distributed a 59.87% stake in Universal as a special dividend to shareholders, leaving it with a 10.13% holding in the record label. The distribution will leave Vivendi with pay-TV business Canal+ Group, ad-holding firm Havas and publishing company Editis as its main businesses.

22.09.2021

Twitter to Pay $809.5 Million to Settle Securities Suit

Twitter Inc. (-2,4%) said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015. The San Francisco company on Monday said the proposed settlement would resolve all claims against Twitter and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing.

21.09.2021

Chinese Property Sector Selloff Continues as Evergrande Worries Mount

Shares of Chinese property developers continued to slide Monday as worries mounted that China Evergrande Group is moving closer to a default, signaling the potential for a wider contagion in the sector. The Chinese property giant, nursing more than $300 billion in debt, is seen as likely to default this week and analysts have warned the looming crunch has potential to shake up financial markets. The Hang Seng Mainland Properties Index plunged more than 6.0% on Monday morning, taking year-to-date losses to 33%. Evergrande fell 17% to HK$2.11, while Sunac China Holdings Ltd. slid 10% and Guangzhou R&F Properties Co. fell 7.3%. Property-management companies also tracked lower, with Country Garden Services Holdings Co. retreating 12%.

20.09.2021

Thyssenkrupp Sells Italian Mill Acciai Speciali Terni to Arvedi

Thyssenkrupp AG said Thursday that it had sold its stainless-steel mill in Italy, Acciai Speciali Terni, to steel producer Arvedi. The parties agreed not to disclose the purchase price, with the closing of the transaction expected in the first half of 2022, Thyssenkrupp said. The German steel maker said it is also examining a possible minority shareholding in the AST group, details of which will be negotiated up to the closing. The transaction is subject to approval by Thyssenkrupp's supervisory board and merger control clearance, it said.

17.09.2021

Themes Trading

A rare investment opportunity in the renewables revolution

According to a recent report by London-based thinktank, Carbon Tracker, wind and solar energy sources have the potential to completely overtake carbon-based options by 2035.

17.09.2021

H&M 3Q Sales Rose on Pandemic Recovery, But Fell Short of Expectations

Sweden’s Hennes & Mauritz AB said Wednesday that third-quarter sales grew as stores reopened following the easing of restrictions put in place to combat the pandemic. The fast-fashion retailer said sales were 55.59 billion Swedish kronor ($6.46 billion) in the three months to Aug. 31. That figure is slightly below estimates of SEK57.23 billion, according to a FactSet poll.

16.09.2021

Boeing Raises Outlook on Travel Rebound

Boeing Co. forecast it will take another two years for the hardest-hit regional and long-haul air travel slowed by the coronavirus pandemic to return to precrisis levels. However, the aerospace company on Tuesday said it had become more bullish about the pace of recovery currently driven by domestic travel in the U.S. and China, even after a recent slowdown caused by the Delta variant. Boeing said the aviation industry had only lost two years of growth because of the pandemic and hadn’t undermined airlines’ need for thousands of new, more fuel-efficient aircraft over the next decade.

15.09.2021

TransUnion Is Near $3.1 Billion Purchase

TransUnion is nearing a deal to buy information-services company Neustar Inc. for $3.1 billion, according to people familiar with the matter, a move that could help the consumer-credit reporting giant diversify beyond its core business and put data to new uses. The purchase of closely held Neustar could be finalized by Monday, the people said, assuming the talks don't fall apart at the last minute. Reston, Va.-based Neustar uses analytics and modeling to help businesses identify potential customers and determine which ads to serve them, according to its website.

14.09.2021