Stock Movers: Diaego, UBS, Novo Nordisk (podcast)
On this episode of Stock Movers: - Diageo is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter. - UBS shares drop as much as 7.4%, the most in two months and erasing all of Friday's gains that followed the Swiss government proposing new rules that could see the bank hold up to $26 billion in fresh capital. Vontobel analysts say it will impact the bank's competitiveness. - Activist hedge fund Parvus Asset Management is building a stake in Ozempic-maker Novo Nordisk, the Financial Times reports, citing unidentified people with knowledge of the details.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
11 minutes ago
- Bloomberg
Nintendo Sells Record 3.5 Million Switch 2 Consoles in Four Days
Nintendo Co. sold 3.5 million-plus units of the Switch 2 in just four days, a record-breaking start for the company's first new console in eight years. The numbers, released by the company Wednesday, bode well for its target to sell 15 million units by March next year. They also reinforce analysts' projections that Nintendo may be able to sell far more if it can pump up supply.
CNN
12 minutes ago
- CNN
Qantas to close low-cost arm Jetstar Asia and cycle $326.4 million of capital
Australia's Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers. The move will free A$500 million ($326.40 million) in capital for the flag carrier to invest in its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redirected to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region, fundamentally challenging its ability to deliver returns comparable to the stronger performing core markets in the group. Group CEO Vanessa Hudson said the company has seen some supplier costs rise by up to 200%, materially changing its cost base. 'We are currently undertaking the most ambitious fleet renewal program in our history, with almost 200 firm aircraft orders and hundreds of millions of dollars being invested into our existing fleet,' Hudson added. The low-cost unit has faced intensifying competition from Southeast Asian budget carriers, including Capital A's AirAsia and Singapore Airlines' Scoot. Qantas launched Jetstar Asia over two decades ago, in a bid to capitalize on the growing demand for low-cost air travel in the continent. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks.
CNN
21 minutes ago
- CNN
Qantas to close low-cost arm Jetstar Asia and cycle $326.4 million of capital
Australia's Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers. The move will free A$500 million ($326.40 million) in capital for the flag carrier to invest in its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redirected to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region, fundamentally challenging its ability to deliver returns comparable to the stronger performing core markets in the group. Group CEO Vanessa Hudson said the company has seen some supplier costs rise by up to 200%, materially changing its cost base. 'We are currently undertaking the most ambitious fleet renewal program in our history, with almost 200 firm aircraft orders and hundreds of millions of dollars being invested into our existing fleet,' Hudson added. The low-cost unit has faced intensifying competition from Southeast Asian budget carriers, including Capital A's AirAsia and Singapore Airlines' Scoot. Qantas launched Jetstar Asia over two decades ago, in a bid to capitalize on the growing demand for low-cost air travel in the continent. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks.
