reports
KPN obtains 100 MHz in 3.5 GHz spectrum auction
KPN obtains 100 MHz in 3.5 GHz spectrum auction KPN has obtained an attractive spectrum package of 100 MHz of 3.5 GHz frequency licenses in the Dutch spectrum auction for a total consideration of € 58.4 million. The licenses have a duration up to and including 2040 and enable KPN to take the next step in 5G and to cope with the growing demand of mobile data in the coming years. Joost Farwerck, CEO KPN: “After the multiband auction in 2020 we have made a great start with 5G via the 700 MHz band, with worldwide recognition for network quality and coverage. The newly acquired 3.5 GHz lice...
Bouygues: Monthly disclosure of the total number of shares and voting ...
Bouygues: Monthly disclosure of the total number of shares and voting rights REGULATED INFORMATION MONTHLY DISCLOSURE OF THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Paris, 01/07/2024 Article 223-16 of the AMF General Regulation Date Shares Voting rights Theoretical (1) Exercisable (2) 30 June 2024 379,236,788 493,899,988 491,579,096 (1) In accordance with Article 223-11 of the AMF General Regulation, this number is calculated on the basis of all the shares to which voting rights are attached, including shares for which voting rights have been suspended...
- Jan Frederik Slijkerman
A-rated TMT credit has appeal/Market softness creates buying opportuni...
In this report we evaluate the single-A TMT space. We argue that the notes of Wolters Kluwer and Relx look attractive. We prefer to avoid the notes of Proximus until we get further clarity about competitive dynamics in Belgium, following the expected entry of Digi. ASML and SAP, where spreads have widened a little since April 2024, could appeal to some investors. In this note we provide a summary of our general findings, followed by company descriptions.
Novo Nordisk A/S - share repurchase programme
Novo Nordisk A/S - share repurchase programme Bagsværd, Denmark, 01 July 2024 – On 6 May 2024, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 20 billion to be executed during a 12-month period beginning 6 February 2024. Under the programme initiated 6 May 2024, Novo Nordisk will repurchase B shar...
- Jan Frederik Slijkerman
TMT Picks & Pans/July 2024 update
In this note we again highlight what we identify as attractive opportunities in the TMT credit space. Our picks and pans for TMT are largely unchanged since our update of 9 February, although the first half of 2024 has been quite eventful - especially for SES, but also for Equinix. SES has announced an agreement to acquire Intelsat, while Equinix has faced allegations of misreporting. Despite the upgrade to IG and some tightening of its notes YTD, we continue to like Cellnex. The combination of ...
- Chris Hoare
Sub-Saharan African Telecoms Solid top line, decent overall performan...
Q1 was a solid quarter for the Sub-Saharan African operators, especially from a top line perspective. Airtel Africa continued to outperform peers overall. We continue to think that fundamentals for AAF and MTN are strong and deserve more attention. Valuations are compelling too.
- Bruno Cavalier
- Maissa Keskes
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/07/2024
Le RN et le NFP sont arrivés en tête du 1er tour et verront leurs effectifs croître au Parlement français. La configuration politique de l’Assemblée Nationale à l’issue du second tour le 7 juillet prochain est encore très incertaine en raison de l’explosion des triangulaires : parlement bloqué ou majorité absolue pour le RN ? Nous demeurons prudents sur les actions françaises en ce début de semaine, même si le moment d’un rebond approche. - ...
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
MC LVMH MOET HENNESSY LOUIS VUITTON SE
HO THALES SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
NOKIA NOKIA OYJ
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
- Bruno Cavalier
- Maissa Keskes
- Stephane Houri
- Thomas Zlowodzki
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/01/2024
The RN and the NFP came out on top in the first round and will see their numbers grow in the French Parliament. The political configuration of the National Assembly at the end of the second round on 7 July is still highly uncertain due to the surge in three-way contests: A blocked parliament or absolute majority for the RN (National Rally)? We remain cautious on French equities at the start of this week, even if the time for a rebound is approaching. - ...
BVI BUREAU VERITAS SA
SU SCHNEIDER ELECTRIC SE
MC LVMH MOET HENNESSY LOUIS VUITTON SE
HO THALES SA
UHR SWATCH GROUP LTD. BEARER
RMS HERMES INTERNATIONAL SCA
NOKIA NOKIA OYJ
EL ESSILORLUXOTTICA SA
BRBY BURBERRY GROUP PLC
KER KERING SA
01913 PRADA S.P.A.
MONC MONCLER SPA
BC BRUNELLO CUCINELLI S.P.A.
CFR COMPAGNIE FINANCIERE RICHEMONT SA
- Jean Danjou
ODDO : Monday review – Luxury sector
>Weather report, updated - In light of the recent messages from the companies in the sector and our revised bottom-up top line forecasts, we are updating our y/y cc growth model for the sector as a whole. We believe Q2 will not grow faster than +1%/+2% now (we had +2%/+4% prev.) and the revision primarily reflects a bigger fall in Asia Pacific (i.e. w/o Japan) now expected at -8%. For the second half, our level of conviction on a return to high single digit growth has...
- Jean Danjou
ODDO : Monday review – Luxury sector
>Weather report, updated - In light of the recent messages from the companies in the sector and our revised bottom-up top line forecasts, we are updating our y/y cc growth model for the sector as a whole. We believe Q2 will not grow faster than +1%/+2% now (we had +2%/+4% prev.) and the revision primarily reflects a bigger fall in Asia Pacific (i.e. w/o Japan) now expected at -8%. For the second half, our level of conviction on a return to high single digit growth has...
EQS-News: NFON AG reported on a successful year in 2023 and on its fut...
EQS-News: NFON AG / Key word(s): AGM/EGM NFON AG reported on a successful year in 2023 and on its future strategy at its Annual General Meeting 28.06.2024 / 15:10 CET/CEST The issuer is solely responsible for the content of this announcement. NFON AG reported on a successful year in 2023 and on its future strategy at its Annual General Meeting NFON successfully launched a transformation process and strategic realignment in 2023 Andreas Wesselmann, CTO of NFON AG since the beginning of 2024, presented plans to strengthen innovation and talked about the use of artifici...
EQS-News: NFON AG berichtet im Rahmen der Hauptversammlung über erfolg...
EQS-News: NFON AG / Schlagwort(e): Hauptversammlung NFON AG berichtet im Rahmen der Hauptversammlung über erfolgreiches Jahr 2023 und die weitere Zukunftsstrategie 28.06.2024 / 15:10 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. NFON AG berichtet im Rahmen der Hauptversammlung über erfolgreiches Jahr 2023 und die weitere Zukunftsstrategie NFON startet erfolgreich Transformationsprozess und strategische Neuausrichtung im Jahr 2023 Andreas Wesselmann, seit Anfang 2024 CTO der NFON AG, präsentiert Pläne zur Stärkung der Innovation...
- Russell Waller
- Carole Braudeau
- Emna Ben Bdira
- Maxime Kogge
- Carole Braudeau
- Oliver Metzger
- Stephan Wulf
- ING Helpdesk
- Simen Aas
Hennes & Mauritz (Buy, TP: SEK200.00) - Muted near-term outlook
With external factors set to burden H2, creating uncertainty for the 10% margin target this year, we believe H&M’s near-term estimate trend is muted. We still like the longer-term equity story, as H&M continues to invest in its store network and online offering, which is yielding results. We reiterate our BUY, but have cut our target price to SEK200 (210) on lower estimates.
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