ABN Amro Unit Gets Fined for Paying Finfluencers to Lure Clients
ABN Amro Bank NV -owned online broker Bux BV was fined €1.6 million ($1.7 million) for paying finfluencers, comparison websites and existing customers a fee to refer potential new clients.
BUX engaged finfluencers — influencers who give financial recommendations on social media — and paid them a fee per follower who had taken steps in the registration process for opening an investment account, Dutch financial markets regulator AFM said on Wednesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Nextensa NV/SA : Information on the total number of voting rights and shares
PRESS RELEASE REGULATED INFORMATION Brussels, 11 June 2025, 5:40pm Nextensa NV/SA : Information on the total number of voting rights and shares In application of article 15 of the Law of 2 May 2007 on disclosure of major shareholdings, Nextensa (the 'Company') announces the following information following the grant of double voting rights to certain of the shares in the Company. Situation on 11 June 2025 : Total capital : EUR 111,856,017.40 Total number of securities carrying voting rights : 10,171,130 Number of securities with double voting rights : 6,054,076 (1) Total number of voting rights (= the denominator) : 16,225,206(2) On the basis of this information, the shareholders of the Company can verify whether they are above or below one of the thresholds of 3% (threshold set by the articles of association), 5%, 10%, and so on (in multiples of five) of the total voting rights, and whether there is therefore an obligation to notify the company that they have exceeded this threshold. (1) 204 of the 6,054,076 shares that in principle give the right to double voting rights are held by a subsidiary of the Company. The voting rights attached to these 204 shares have therefore been suspended. (2) The voting rights attached to the treasury shares (currently: 65,000 shares) are suspended in accordance with article 7:217, §1 of the Code of companies and associations. For more informationTim Rens | Chief Financial OfficerNextensa NV/SA | 0436.323.915 (RLE Brussels, Dutch-speaking division)Gare Maritime, Picardstraat 11, B505, 1000 Brussels+32 2 882 10 08 | NextensaNextensa is a mixed property investor and developer. The company's investment portfolio is spread across the Grand Duchy of Luxembourg (34%), Belgium (48%) and Austria (18%); its total value of approximately € 1.1 billion as at 31/03/2025. As a developer, Nextensa is primarily active in shaping large urban developments. At Tour & Taxis (development of over 350,000 sqm) in Brussels, Nextensa is building a mixed real estate portfolio consisting of a revaluation of iconic buildings and new constructions. In Luxembourg (Cloche d'Or), it is working in partnership on a major urban extension of more than 400,000 sqm consisting of offices, retail and residential buildings. The company is listed on Euronext Brussels and has a market capitalisation of € 414 M (value 31/03/2025). Attachment 11062025 Information on the total number of voting rights and shares _ENGError 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
Business Upturn
6 hours ago
- Business Upturn
Man City announce their fourth signing of the summer; spend €180m so far!
Manchester City have announced their fourth signing of the summer as Reijnders signed up for them. By Ravi Kumar Jha Published on June 11, 2025, 19:30 IST Last updated June 11, 2025, 19:32 IST Manchester City have announced their fourth signing of the summer as Reijnders signed up for them from AC Milan. Manchester City have already spend close to €180 million in this summer transfer window which was opened 10 days ago. They sre planning for a major change in the squad and few more incomings are expected. Manchester City have confirmed their fourth signing of the summer, with Dutch midfielder Tijjani Reijnders joining the Premier League champions from AC Milan. The move marks another significant step in Pep Guardiola's ongoing squad revamp, as the club looks to refresh its midfield options ahead of the 2025/26 season. Reijnders, who impressed in Serie A and with the Netherlands national team, adds energy, technical quality, and versatility to City's engine room. His arrival comes as part of an aggressive transfer strategy from the Cityzens, who have already spent close to €180 million in the summer window — which only opened 10 days ago. This early flurry of activity underlines the club's intent to maintain their domestic dominance while also pushing harder for European success. With departures looming and several first-team roles potentially up for grabs, City are expected to remain active in the market. Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Yahoo
8 hours ago
- Yahoo
2 Underrated Artificial Intelligence (AI) Stocks Flying Under Wall Street's Radar
ASML Holding and Ambarella benefit from the AI-fueled demand for their products. ASML Holding is a key player in the AI semiconductor space, while Ambarella takes advantage of the growth in edge AI devices. The growth these companies are expected to deliver could supercharge their stock prices. 10 stocks we like better than ASML › Artificial intelligence (AI) is disrupting many industries thanks to the efficiency gains that the technology can bring, such as by automating tasks or predicting potential challenges that a business may face. Because of that, spending on AI solutions and infrastructure has been growing at an incredible pace. Companies benefiting directly from this saw nice surges in their stock prices, a fact reflected in the 67% jump that the tech-heavy Nasdaq Composite index managed in the past three years. However, not every company that saw its growth rate expand thanks to the proliferation of AI experienced share price gains to match. Let's take a look at two such names that aren't among Wall Street's favorite AI stocks right now, but that could become winning investments in the long run because of their robust growth potential. While demand for AI chips surged in the past couple of years, share prices of semiconductor bellwether ASML (NASDAQ: ASML) failed to reflect this booming market. Though the company sells vital advanced chipmaking equipment to the world's leading foundries and chipmakers, ASML's stock rose just 5% in the past couple of years. One reason is that the company had an underwhelming 2024. Its revenue barely increased while earnings fell on account of weakness in chip demand for markets such as personal computers (PCs) and smartphones. Though ASML got an AI-powered boost because its extreme ultraviolet (EUV) lithography machines are necessary for manufacturing the most advanced AI chips that go into servers, smartphones, and PCs, and other devices, the company's growth hasn't been robust enough. However, ASML's growth improved substantially in 2025's first quarter. Its revenue increased by 46% year over year in Q1, while its earnings almost doubled. Moreover, it received new equipment orders worth nearly 4 billion euros in Q1, up by nearly 10% from the prior-year period. The Dutch company now forecasts 32.5 billion euros in revenue this year at the midpoint of its guidance range, which would be a 15% improvement over 2024. However, there is a strong possibility that it could end up growing faster owing to AI. On its earnings conference call in April, CEO Christophe Fouquet remarked: If AI demand continues to be strong, and customers are successful in bringing on additional capacity to support that demand, there is potential opportunity toward the upper end of our range. He added that both 2025 and 2026 are set to be growth years for the company thanks to AI. That isn't surprising: ASML's EUV lithography machines are the only ones capable of making chips using the most advanced 5-nanometer (nm) and 3nm process nodes. Demand for these chips has been robust as top chipmakers such as Nvidia, AMD, Marvell, Broadcom, and consumer electronics companies such as Apple have been deploying them in data centers, PCs, and smartphones. With the demand for AI chips forecast to increase at an annualized rate of 35% through 2033, it won't be surprising to see foundries and chipmakers investing more money in their manufacturing infrastructure. Industry association SEMI reports that a total of 18 new fabrication plants are on schedule to go into construction this year. The construction of these plants was necessitated by the advent of generative AI and high-performance computing, which have boosted the demand for advanced chips. So, it is easy to see why analysts' consensus estimates are for an acceleration in ASML's earnings growth. With the stock trading at an attractive 27 times forward earnings as compared to the U.S. technology sector's average earnings multiple of 47, investors can get a good deal on an AI stock with the potential to go on a bull run. Ambarella (NASDAQ: AMBA) is another chipmaker that got a big shot in the arm thanks to AI. Its computer vision chips are used in the automotive segment and in Internet of Things (IoT) devices such as security cameras and drones. As a result, this lesser-known chipmaker is in a nice position to capitalize on the secular growth opportunity presented by the fast-growing market for AI edge computing -- devices that are physically located relatively close to end-users. This allows data processing tasks to be handled locally, which means results get back to users faster than they would if the tasks were sent to more distant cloud computing centers. Fortune Business Insights expects the edge AI market to clock a compound annual growth rate of 33% through 2032. Ambarella is already benefiting from this market. It generated $285 million in revenue in its fiscal 2025 (which ended Jan. 31), more than 70% of which was from edge AI applications. Its revenue increased by 26% in the fiscal year. Management anticipates an increase of 19% to 25% in its revenue in the current year, but don't be surprised to see it do better than that. Ambarella released its fiscal 2026 first-quarter results on May 29. It reported a terrific 58% year-over-year increase on its top line to $86 million, which was at the higher end of its guidance range. It also reported an adjusted profit of $0.07 per share as compared to a loss of $0.26 per share in the prior-year period. The chipmaker's guidance for the current quarter is for a jump of 41% year over year. So, there is a good chance that Ambarella will be able to end this fiscal year with stronger revenue growth than it is currently guiding for. Even better, the company's bottom line is also on track to grow at an incredible rate thanks to the higher average selling price of its edge AI processors. Not surprisingly, analysts expect Ambarella to report a profit this year as compared to a loss in the previous one, followed by strong bottom-line growth in the next couple of fiscal years. What's more, Ambarella management expects its serviceable addressable market to hit $13 billion in the next five years, which means that it has the potential to keep growing at healthy rates for a long time to come. That's why investors should consider buying this underrated chip stock while it is beaten down, as its 12-month median price target of $80 points toward a potential upside of almost 50% from current levels. Before you buy stock in ASML, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ASML wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,341!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $874,192!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, Advanced Micro Devices, Apple, and Nvidia. The Motley Fool recommends Broadcom and Marvell Technology. The Motley Fool has a disclosure policy. 2 Underrated Artificial Intelligence (AI) Stocks Flying Under Wall Street's Radar was originally published by The Motley Fool
