logo
Shares in Vivendi Rise After French Regulator Mandates Buyout Offer From Bollore

Shares in Vivendi Rise After French Regulator Mandates Buyout Offer From Bollore

Shares in Vivendi VIV 12.47%increase; green up pointing triangle climbed on news that France's market regulator required the company's main shareholders, Vincent Bollore and the namesake firm his family controls, to bid for full ownership after minority stockholders challenged in court Vivendi's breakup last year.
The French regulator, known as AMF, required the Bollore Group BOL -0.37%decrease; red down pointing triangle and Vincent Bollore to file the offer within a time limit of six months.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UBS Warns Tesla Is Overvalued Ahead of Q2 Earnings
UBS Warns Tesla Is Overvalued Ahead of Q2 Earnings

Yahoo

timea few seconds ago

  • Yahoo

UBS Warns Tesla Is Overvalued Ahead of Q2 Earnings

UBS stuck with its negative assessment on Tesla (TSLA, Financials) and kept its "Sell" rating and $215 price target ahead of the company's second-quarter earnings report on July 23. The company said that even while high deliveries and favorable currency movements should help Tesla in the short term, it is still "fundamentally overvalued."UBS predicts that earnings per share will be $0.43 and that car gross margins, not including regulatory credits, would be 14%, which is higher than the 13.5% Street estimate. Analysts, on the other hand, said that the company's earnings quality was at danger because of lower high-margin regulatory credits and more policy report also brought up worries about CEO Elon Musk's focus, saying that he has been focusing on long-term projects like robotaxis and AI instead of Tesla's main business. UBS suggested that the Q2 conference call might focus more on these future plans than on current patterns in vehicle stock finished Monday slightly under $317, up 1% from the previous day, but it is still down more than 21% since the beginning of the year. The average price target of $293.38 and the "Hold" consensus among analysts suggest that opinions are split. This means that the stock might go down by 7.4% from where it is now. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Canada's CDPQ, Amber Infrastructure to invest in Britain's Sizewell C, Les Echos reports
Canada's CDPQ, Amber Infrastructure to invest in Britain's Sizewell C, Les Echos reports

Yahoo

timea few seconds ago

  • Yahoo

Canada's CDPQ, Amber Infrastructure to invest in Britain's Sizewell C, Les Echos reports

PARIS (Reuters) -Canadian investment fund Caisse de depot et de placement du Quebec (CDPQ) will join up with Britain's Amber Infrastructure to become the largest private investors in Britain's Sizewell C nuclear project, French newspaper Les Echos reported on Monday. The business newspaper said that final decisions on the investment would be made on Tuesday if all went well, citing unnamed sources. The pair of private investors would provide 25-30% of the capital for the project, the cost of which has ballooned since initial announcements, Les Echos reported. Britain's government has committed 17.8 billion pounds to the project but has continued to search for investors. Reuters previously reported that U.S.-listed investment fund Brookfield would take a stake of more than 20% in the project in exchange for funds to finance the plant's development and that British utility Centrica could also play a role. French nuclear energy utility EDF is set to invest around 1.1 billion pounds ($1.48 billion), taking a 12.5% stake in the project. CDPQ, Amber Infrastructure and Brookfield did not immediately respond to requests for comment. EDF and the UK government declined to comment. Britain is vying to build new nuclear plants to increase energy security and to reach climate targets. Southeast England's Sizewell C plant is expected to produce electricity to power 6 million homes when operational. ($1 = 0.7419 pounds)

Companies pledge to invest more than $700 billion in Germany over the next 3 years
Companies pledge to invest more than $700 billion in Germany over the next 3 years

Yahoo

timea few seconds ago

  • Yahoo

Companies pledge to invest more than $700 billion in Germany over the next 3 years

BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next three years, sending a signal of confidence in Europe's biggest economy as the new government tries to breathe new life into it. The economy has shrunk for the past two years and is expected to stagnate this year. Chancellor Friedrich Merz's administration has made revitalizing it a top priority since it took office May 6. It has launched a program to encourage investment and set up a 500 billion euro fund to pour money into Germany's creaking infrastructure over the next 12 years. It is promising to cut red tape and speed up the country's lagging digitization. On Monday, Merz welcomed representatives of an initiative titled 'Made for Germany' to the chancellery to send a signal of confidence from and to private investors. The group currently includes 61 companies from across the economy, among them industrial conglomerate Siemens and financial giant Deutsche Bank. 'The investments by the initiative are a very powerful signal that we are now experiencing a shift in sentiment and consolidating it," Merz said. 'The message ... is very clear: Germany is back. It's worth investing in Germany again. We are not a location of the past, but a location of the present and above all the future.' He stressed that private investment is crucial to encouraging growth. The overall figure pledged Monday includes at least some already planned investments. Merz said the plans include investments in new facilities and in modernizing infrastructure, in research and development. Deutsche Bank CEO Christian Sewing praised the new government as being 'determined to end the reform backlog that has slowed us down for too long.' But he said that it still needs to do more, and the companies 'encouraged' the government 'to continue the course of reform.' 'Our priorities are clear: We want economic growth, we want to strengthen Germany's competitiveness, we want to defend or further expand our technological leadership and we want to bring our infrastructure into the digital age,' Siemens CEO Roland Busch said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store