Ανοδικές τάσεις επικράτησαν σήμερα στα περισσότερα ευρωπαϊκά χρηματιστήρια, με τις μετοχές του κλάδου λιανικής να πραγματοποιούν τα μεγαλύτερα κέρδη, κι αυτές του κλάδου υγείας τις μεγαλύτερες απώλειες.
Ο ελλειμματικός προϋπολογισμός της Ιταλίας για το 2024, ο οποίος πρόκειται να εγκριθεί από το υπουργικό συμβούλιο τη Δευτέρα, θα μειώσει τους φόρους για τους εργαζόμενους και θα αυξήσει τα επιδόματα για τις πολύτεκνες οικογένειες, δήλωσαν αξιωματούχοι, εν μέσω αυξανόμενων ανησυχιών της αγοράς για τα τεταμένα δημόσια οικονομικά στην Ιταλία.(περισσότερα εδώ)
Ο δείκτης Stoxx 600 έκλεισε στις 451,12 μονάδες με άνοδο 0,43%.
Στην Φρανκφούρτη ο δείκτης DAX έκλεισε στις 15.237,99 μονάδες με άνοδο 0,34%, παραμένοντας με σήμα strong sell, με την αντίσταση να βρίσκεται στις 15.547 μονάδες και την στήριξη στις 15.083 μονάδες.
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Στο Λονδίνο ο δείκτης FTSE 100 έκλεισε στις 7.631,42 μονάδες με άνοδο 0,42%, παραμένοντας με σήμα strong buy, με την αντίσταση να βρίσκεται στις 7.705 μονάδες και την στήριξη στις 7.527 μονάδες.
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Στο Παρίσι ο δείκτης CAC 40 έκλεισε στις 7.022,19 μονάδες με άνοδο 0,27%, παραμένοντας με σήμα strong sell, με την αντίσταση να βρίσκεται στις 7.231 μονάδες και την στήριξη στις 6.987 μονάδες.
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Recommendations
UBS: RBC’s analyst Anke Reingen upgrades his rating from Neutral to Buy. The target price is revised upwards from CHF 20 to CHF 30.
Volkswagen: RBC analyst Tom Narayan maintains his Buy rating on the stock. The target price continues to be set at EUR 160.
Salzgitter: The research of JP Morgan is increasing its opinion on the stock. The broker’s advice is neutral against selling initially. The target price has been lifted and is now set at EUR 27.60 compared to EUR 17.60 before.
Kion Group: Jefferies is positive on the stock with a Buy rating. The target price remains set at EUR 48.
Sparebank: Moody’s upgraded SpareBank 1 SR-Bank’s (SRBNK.OL) long-term issuer rating to Aa3 from A1 and changed the outlook to stable from positive.
The rating agency said the upgrade was in line with the improvement in the Norwegian lender’s baseline credit assessment to a3 from baa1, citing its better asset quality and capitalization, resilient profitability, and relatively high reliance on market funding.
The outlook change reflected expectations that the bank will further strengthen its capitalization on the back of continued generation of strong earnings.
Εταιρικά νέα
ITM Power said it has started bidding for projects in the U.S. market, which it says has the potential to become one of the largest markets for green hydrogen. The U.K. clean-fuel and energy-storage company said Monday that it will pursue an asset-light entry into the U.S. market, building on strong relationships with North American industry leaders. The company said that, supported by the $370-billion Inflation Reduction Act, the U.S. has identified future demand scenarios, with strategic opportunities for the domestic production of 10 million metric tons of clean hydrogen annually by 2030, 20 million by 2040, and 50 million by 2050. The International Energy Agency estimates the current global use of gray hydrogen–which is derived from natural gas–is 95 million tons a year. “The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyzer provider as the market develops over the coming years,” Chief Executive Dennis Schulz said.
Cerillion said that it expects to beat fiscal 2023 market forecasts after a strong performance over the first half year with record revenue and adjusted pretax profit. The London-listed software provider said on Monday that it has a strong back-order book and resilient sales pipeline, including a 15.1 million pounds ($18.3 million) new contract with an existing customer. Revenue for the year ended Sept. 30 is expected to be GBP39.0 million, driven by increased sales pipelines from existing customers reflecting the growing value of the installed base. The company has also provided an adjusted pretax profit consensus of GBP14.3 million. “As well as the demand the company is experiencing from the existing customer base, the new customer sales pipeline grew again in the second half and includes some large opportunities. The company therefore expects to make further encouraging progress over the course of the new financial year,” it said.
Audioboom Group said it expects to return to positive core earnings in its fourth quarter and sees further growth in 2024 after it reported a swing to loss for the first nine months of 2023 as the advertising market downturn weighed on its revenue. The U.K. podcast company posted total adjusted loss before interest, taxes, depreciation and amortization for the nine months ended Sept. 30 of $1.7 million, which it says includes creator minimum guarantees payments. It had posted $2.7 million for the same period the previous year. Revenue for the period was $45.8 million, down from $57.1 million, it said on Monday, pointing to weakness in the advertising market and the loss of its Morbid podcast the previous year. For the fourth quarter, it expects at least $19 million in revenue–against $18.3 million in the comparable year-prior period–which it sees leading to a return to adjusted Ebitda profit for the three-month period. “I am confident about our prospects for 2024 and I am pleased to maintain our expectations for record revenue performance next year,” Chief Executive Stuart Last said.
Scotgold Resources said it has come closer to securing enough funding to continue as a going concern, following last month’s warning of a default if a significant investment isn’t found. The gold producer said Monday that it is in advanced discussions with a new strategic investor which, should a final deal be reached, is expected to provide sufficient funding for the company to continue as a going concern. If the miner isn’t able to secure financing with the new strategic investor, this could result in the appointment of administrators, the London-listed company said. Trading of shares in Scotgold Resources has been suspended for about a month as a result of the funding worries.
Casino Guichard-Perrachon and its Brazilian subsidiary Grupo Pao de Acucar are selling their stakes in Colombian retailer Exito Group to Grupo Calleja for $556 million in cash. The French retailer said Monday that its board approved the execution of a pre-agreement with Groupo Calleja, an El Salvador-based food retailer, for the sale of a 34.05% stake it directly holds in Exito Group. Casino’s GPA subsidiary holds 13.31% of Exito Group and also agreed to sell its interest in the offer. Casino said Grupo Calleja is offering $1.175 billion for all of Exito Group, resulting in $400 million for Casino’s direct interest and $156 million for GPA’s stake. The sale is subject to regulatory approvals and is expected to close around the end of the year, Casino said.
Sopra Steria Group plans to delist Ordina from Euronext Amsterdam next month after securing an additional stake in the Dutch company as part of its acquisition bid that takes its ownership to 98.01%. The French consulting and digital-services provider said late Friday that Ordina’s last day of trading will be Nov. 14, and that its listing will be terminated the following day. Around 4.8 million shares in Ordina, representing a 5.29% stake, were tendered to Sopra Steria at the close under an additional offer period, Sopra Steria said. Sopra Steria will start squeeze-out proceedings to buy out the remaining shareholders, it said.