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Transport for London: London mayor's policy plans support credit quali...

Strategic continuity for TfL, including the diversification of revenue sources away from passenger revenue, is credit positive.

 PRESS RELEASE

Knight Therapeutics Inc. announces voting results from the Annual Gene...

Knight Therapeutics Inc. announces voting results from the Annual General Meeting MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- Knight Therapeutics Inc. (TSX:GUD) ("Knight" or the "Corporation") a leading pan-American (ex-US) specialty pharmaceutical company, announced today the voting results from the Annual General Meeting of the Shareholders held virtually in Montreal, Quebec ("Meeting"). Election of Directors Each director nominee listed in the Management Information Circular dated April 3, 2024 ("Circular") was elected as Director of the Corporation at the Meeting. Shareholders pr...

 PRESS RELEASE

Thérapeutique Knight annonce les résultats du vote de l’assemblée géné...

Thérapeutique Knight annonce les résultats du vote de l’assemblée générale annuelle MONTRÉAL, 08 mai 2024 (GLOBE NEWSWIRE) -- Thérapeutique Knight inc. (TSX : GUD) (« Knight » ou la « Société »), société pharmaceutique spécialisée panaméricaine (hors États-Unis) et chef de file, a annoncé aujourd’hui les résultats du vote à l’assemblée générale annuelle des actionnaires tenue virtuellement à Montréal, Québec (« l’assemblée »). Élection des administrateurs Chaque candidat au poste d’administrateur figurant sur la circulaire de procuration de la direction d...

 PRESS RELEASE

Dundee Precious Metals Announces Voting Results from 2024 Annual Meeti...

Dundee Precious Metals Announces Voting Results from 2024 Annual Meeting of Shareholders TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (the “Company” or “DPM”) is pleased to announce the voting results from its Annual Meeting of Shareholders, which was held via live webcast on Wednesday, May 8, 2023. A total of 134,715,677 common shares were voted at the meeting, representing approximately 74.18% of the outstanding common shares. Shareholders voted in favour of all items of business before the meeting, as follows: Election of Directors The shareholder...

Ambev S.A.: Update following change in outlook to positive

Our credit view of this issuer reflects its geographic diversification and leading market position, constrained by its high dividend payouts to ABI.

American Forest Foundation, DC: Update to credit analysis

Our credit view of AFF reflecting strong wealth relative to debt and expenses, offset by modest scale and execution risks associated with a carbon management program.

Moody's Ratings upgrades two bonds issued by Flagstar Mortgage Trust 2...

Moody's Ratings (Moody's) has upgraded the ratings of two bonds issued by Flagstar Mortgage Trust 2019-1INV. The collateral backing this deal consists of investor property loans underwritten to GSE guidelines and Flagstar Jumbo Advantage program. Please click on this link /view...

Håkon Astrup
  • Håkon Astrup

SpareBank 1 Østlandet (Hold, TP: NOK140.00) - On HOLD after strong Q1

Fuelled by further NII expansion, the tax benefit of customer dividends, strong trading income and low loan losses, SPOL reported a Q1 ROE of 17.4% (>12% target), despite NOK26m of merger-related costs. We have made minor changes to our 2025–2026e EPS and reiterate our NOK140 target price. However, after the recent share price appreciation, we find more attractive risk/reward elsewhere in the sector. Thus, with the stock trading at a 2025e P/E of ~9.2x, we have downgraded to HOLD (BUY).

Jørgen Lian
  • Jørgen Lian

Odfjell SE (Buy, TP: NOK225.00) - Bullish earnings outlook

We have raised our Chemical Tankers rate estimates on the c7% increase QOQ in Q1 and with expectations for further growth in Q2, supported by an outlook for improved chemical production and limited supply ahead. We estimate a double-digit dividend yield through 2026e despite a modest payout ratio, and believe Odfjell screens as an attractive exposure to the tanker segment at an average 2024–2025e EV/EBITDA of 3.7x, versus the broader tanker peer group at 4.5x. We reiterate our BUY, and have rais...

Moody's Ratings affirms City of Baytown, TX's Aa2 issuer and GO rating...

Moody's Ratings (Moody's) has affirmed the City of Baytown, TX's Aa2 issuer and general obligation limited tax (GOLT) ratings. At the same time, Moody's has assigned a Aa2 rating to the City of Baytown, TX's Combination Tax and Revenue Certificates of Obligation, Series 2024 with an approximate par ...

Moody's Ratings assigns initial Baa3 to Fort Bend County MUD No. 130 D...

Moody's Ratings (Moody's) has assigned an initial Baa3 rating to Fort Bend County Municipal Utility District No. 130 Defined Area, TX's proposed $2.4 million Unlimited Tax Park Bonds, Series 2024. Post issuance, the district will have approximately $12.3 million of general obligation unlimited tax (...

Moody's Ratings affirms Minnesota's Aaa ratings; outlook stable

Moody's Ratings (Moody's) has affirmed the State of Minnesota's issuer rating and general obligation ratings at Aaa; annual appropriation and lease revenue bond ratings at Aa1; and the Minnesota School District Credit Enhancement Program and Minnesota Credit Enhancement Program ratings at Aa1. The s...

 PRESS RELEASE

Nutrien Declares Quarterly Dividend of US$0.54 per Share

SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Nutrien Ltd. (TSX and NYSE: NTR) announced today that its Board of Directors has declared a quarterly dividend of US$0.54 per share payable on July 19, 2024, to shareholders of record on June 28, 2024. Registered shareholders who are residents of Canada as reflected in Nutrien's shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their divide...

 PRESS RELEASE

DXP Enterprises, Inc. Reports First Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. ("DXP" or the "Company") (NASDAQ: DXPE) today announced financial results for the first quarter ended March 31, 2024. The following are results for the three months ended March 31, 2024, compared to the three months ended March 31, 2023 and December 31, 2023, where appropriate. A reconciliation of the non-GAAP financial measures can be found in the back of this press release. First Quarter 2024 Financial Highlights: Sales increased 1.4 percent sequentially to $412.6 million, compared to $407.0 million for the fourth quarter of 2023 and decr...

Credit Outlook: 9 May 2024

Published Monday and Thursday mornings, Moody’s Credit Outlook provides you with the credit implications of current events.

 PRESS RELEASE

LogicMark, Inc. to Present at Aegis Capital Corp. Virtual Conference o...

LogicMark, Inc. to Present at Aegis Capital Corp. Virtual Conference on May 9, 2024 LOUISVILLE, Ky., May 08, 2024 (GLOBE NEWSWIRE) --  (Nasdaq: LGMK), a provider of personal emergency response systems (PERS), health communications devices, and technology for the growing care economy, today announced that Ms. Chia-Lin Simmons, CEO, and Mr. Mark Archer, CFO will speak at the virtual Aegis Capital Corp. Conference on Thursday, May 9th at 11:00 PDT / 2:00 pm EDT. Please register here to attend the conference: About LogicMarkLogicMark, Inc. (Nasdaq: LGMK) is on a mission to help people of a...

 PRESS RELEASE

Nutrien Reports First Quarter 2024 Results

SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Nutrien Ltd. (TSX and NYSE: NTR) announced today its first quarter 2024 results, with net earnings of $165 million ($0.32 diluted net earnings per share). First quarter 2024 adjusted EBITDA1 was $1.1 billion and adjusted net earnings per share1 was $0.46. “We continued to see strong crop input demand, a normalization of product margins for our North American Retail business and increased global potash shipments in the first quarter. Our results highlighted the capabilities of our flexible, low-cost production assets and downstream distribution netwo...

Jørgen Lian
  • Jørgen Lian

Wallenius Wilhelmsen ASA Minor model adjustments

We have marginally increased our revenue estimates and revised our cost assumptions, owing to the Q1 results. With no surprises related to the Red Sea disruption or the Baltimore bridge accident, focus should shift to shareholder distributions. The revised dividend policy allows for extraordinary dividends at the board’s discretion, something we have not seen before, and the first possibility could be in connection with Q2. We calculate cNOK25/share in excess cash today, potentially on top of N...

 PRESS RELEASE

Acumen Pharmaceuticals to Participate in the 2024 Bank of America Heal...

Acumen Pharmaceuticals to Participate in the 2024 Bank of America Healthcare Conference CHARLOTTESVILLE, Va., May 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers for the treatment of Alzheimer’s disease, announced today that management will participate in a fireside chat at the 2024 Bank of America Healthcare Conference on Wednesday, May 15, 2024, at 8:55 a.m. PT (11:55 a.m. ET). The live webcast may be accessed under the Investors tab on  and will be archived for 90...

 PRESS RELEASE

Wesdome Reports First Quarter 2024 Financial Results

Wesdome Reports First Quarter 2024 Financial Results TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announced its results for the three months ended March 31, 2024 (“Q1 2024”). Preliminary operating results for Q1 2024 were disclosed on April 15, 2024. Management will host a conference call tomorrow, Thursday, May 9 at 10:00 a.m. Eastern Time to discuss this quarter’s results. All amounts are expressed in Canadian dollars unless otherwise indicated. Q1 2024 Highlights Consolidated gold production was 33,322...

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