CategoryCorporate

AkzoNobel target share price set to 97 by UBS

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On Wednesday, UBS raised the price target for AkzoNobel from 89.00 to 97.00 euro with unchanged neutral advice. The analysts of the Swiss bank spoke of a smooth recovery in Performance Coatings. In addition, UBS adjusted the price target for AkzoNobel to reflect the price increases of American peers. For the first quarter of 2021, UBS expects AkzoNobel to have a turnover of 2.1 billion euros...

Orange to invest in Polish fiber optics

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Orange will invest in fiber connections in Poland together with APG pension investor. The French telecom company announced it on Monday. The EUR 605 million joint venture will connect 1.7 million households in Poland to the fibre network over the next five years, in areas where high-speed internet is restricted or absent. In total, the joint company will have 2.4 million lines. According to the...

TSMC sales figures went up sharply in March

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Taiwan Semiconductor Manufacturing Company increased its turnover in March, both on a yearly and monthly basis. This was announced by the Taiwanese semiconductor manufacturer on Friday. Sales increased by 21.2 percent compared to February to 129.1 billion Taiwanese dollars, or more than 3.8 billion euros. Compared to March 2020, revenue increased by 13.7 percent. This brought revenue over the...

Toyota is one of the many car makers that paused production

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Toyota halts production of the factory in the Czech Republic for two weeks due to a shortage of computer chips. It is the umpteenth time that the Japanese automaker has to stop production somewhere because of this and other problems. Toyota makes the passenger car Aygo for the European market in the Industrial City of Kolín, west of the capital Prague. For example, Toyota had already suffered...

Apple has to pay $ 308.5 million to patent troll

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Technology company Apple has to pay $ 308.5 million (nearly € 260 million) to license company Personalised Media Communications LLC (PMC) for violating a patent related to digital rights management. That’s what a jury in the U.S. State of Texas decided. PMC had already sued Apple in 2015. Apple allegedly violated seven other patents of PMC with music service iTunes. Apple had initially...

BuzzFeed plans an IPO

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BuzzFeed media is negotiating for an IPO, reports news agency Bloomberg on the basis of insiders. The company’s U.S. same site would be willing to merge it with a shell company, where a group of investors that is, a method that is becoming more and more popular in the Wall Street area. After a possible IPO BuzzFeed would be able to finance acquisitions more easily with its shares, according...

Fitness club industry hit hard by 2020 lockdowns

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Fitness club owner Basic-Fit suffered a loss of more than 125 million euros due to forced closures during the lockdowns last year. Many fitness clubs had to close temporarily in the spring and in the second half of the year the Dutch company’s branches in many countries could not open again for a long time. By the end of the year, 851 of the 905 fitness clubs were closed, says CEO René Moos...

CEO Ralph Hamers received a bonus of 4.2 million Swiss francs for first four month of his job at UBS

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In his first four months at the Swiss bank, the Dutch CEO Ralph Hamers of UBS received a reward of 4.2 million Swiss francs, or nearly 3.8 million euros. That’s a lot more than he earned every year as ING’s CEO. Hamers became a board member at UBS in september and has been at the helm of Switzerland’s largest bank since 1 november. He received 1.2 million francs in ordinary...

Sergey Kartashov: Finding IT startup is like hunting gold

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Sergey Kartashov, the chief executive officer of Generation Partners, talks about how to find a profitable IT startup in an overloaded startup market. The work of an asset management firm includes various activities to be performed including market analysis, diversification of investment portfolio, and studying new trends. The CEO of Cypriot company shares details of their work. Finding Nuggets...

Lucid electric car maker goes public

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The maker of electric cars Lucid Motors, a rival of Tesla, gets a stock market listing in New York. Founded in 2007, Lucid is led by Peter Rawlinson, a former Tesla engineer. Lucid says it wants to start producing his lux sedan, the Lucid Air, in the second half of this year. The California-based company builds the cars at its Arizona plant. At present, Lucid has about 2000 employees and 3000...

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