Michelin: Disclosure of trading in own shares - December 19, 2025
Globenewswire· 2025-12-19 07:30
Core Points - Michelin has disclosed a securities repurchasing program, indicating its strategy to buy back shares to potentially enhance shareholder value [1][2] - The company executed a transaction on December 19, 2025, acquiring a total of 354,772 ordinary shares at an average price of 28.1871 euros per share [1] - The repurchase was conducted over-the-counter, reflecting Michelin's ongoing commitment to managing its capital structure effectively [1] Summary by Category Company Information - Issuer Name: Michelin - Issuer Code: 549300SOSI58J6VIW052 - ISIN Code: FR001400AJ45 - Date of Transaction: December 19, 2025 [1] Transaction Details - Total Volume of Shares Acquired: 354,772 - Average Price per Share: 28.1871 euros - Transaction Platform: Over-the-counter [1] Financial Implications - The share repurchase program is part of Michelin's broader strategy to optimize its capital allocation and return value to shareholders [1][2]
INVL Baltic Sea Growth Fund exits MBL as MidEuropa acquires majority stake
Globenewswire· 2025-12-19 07:30
Core Insights - INVL Baltic Sea Growth Fund has sold its entire stake in MBL Group to MidEuropa, marking the fund's second exit and enabling full repayment to investors [1][2] - MBL is a leading European contract development and manufacturing organization (CDMO) specializing in assisted mobility, rehabilitation, and aged-care equipment, with significant growth in EBITDA since INVL's investment [2][3] - The transaction is seen as a strong endorsement of MBL's business model and long-term potential, with the Lauritsen family reinvesting and Martin Lauritsen continuing as CEO [1][3] Company Overview - MBL, founded in 1988 by the Lauritsen family in Denmark, is the largest European CDMO for medical mobility devices, employing approximately 1,700 professionals across Europe and Asia [2][3] - The company has over 100 registered patents and is recognized for its innovation capabilities, with projected revenue exceeding EUR 120 million by 2025 [2][3] Investment Context - The assisted mobility market is expected to grow due to factors such as population aging and increasing prevalence of chronic conditions, which aligns with MBL's strategic focus [3] - MidEuropa, a leading European private equity investor, aims to support MBL's growth and international expansion, emphasizing the investment's strong fundamentals and long-term growth potential [3][6] Fund Background - INVL Baltic Sea Growth Fund, with a size of EUR 165 million, is one of the leading private equity funds in the Baltics, backed by the European Investment Fund [4] - The fund is managed by INVL Asset Management, which has over 30 years of experience and manages more than EUR 2 billion in various investment strategies [4][5] Transaction Details - The transaction was advised by Jefferies International, with legal, financial, and commercial support from Horten, Deloitte, and L.E.K. respectively [3]
Deadline for shareholders’ requests on the 2026 AGM agenda extended
Globenewswire· 2025-12-19 07:30
Company Overview - Sanoma Corporation is an innovative and agile learning and media company impacting the lives of millions every day [3] - The company operates across Europe and employs close to 5,000 professionals [5] - In 2024, Sanoma's net sales amounted to approximately €1.3 billion, with an operational EBIT margin excluding PPA of 13.4% [5] AGM Information - The Annual General Meeting (AGM) for 2026 is scheduled for Thursday, 7 May 2026, in Helsinki [1] - The deadline for shareholders to submit requests for agenda items for the AGM has been extended to Wednesday, 25 February 2026, from the previous deadline of 14 January 2026 [2]
SPNI banks on Wheel of Fortune India to reinforce primetime strategy, monetisation push
The Economic Times· 2025-12-19 07:29
SynopsisSony Pictures Networks India is launching the Indian version of Wheel of Fortune. Actor Akshay Kumar will host the show. This launch aims to boost the network's prime-time programming. It will also create a cross-platform property for broadcast and digital. The show is designed for brand integration and viewer participation. It is positioned as a key advertising property for 2026. ...
Paychex Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Paychex (NASDAQ:PAYX)
Benzinga· 2025-12-19 07:27
Paychex, Inc. (NASDAQ:PAYX) will release earnings results for its second quarter before the opening bell on Friday, Dec. 19.Analysts expect the Rochester, New York-based company to report quarterly earnings at $1.23 per share, up from $1.14 per share in the year-ago period. The consensus estimate for Paychex's quarterly revenue is $1.55 billion, compared to $1.32 billion a year earlier, according to data from Benzinga Pro.On Sept. 30, the company reported first-quarter sales growth of 17% year-over-year (Y/ ...
MongoDB Could Hit Record Highs—But You’ll Need to Move Fast
Investing· 2025-12-19 07:19
Market Analysis by covering: MongoDB. Read 's Market Analysis on Investing.com ...
Australian Stock Market closes on high: ASX 200 crossed its 20-day moving average, DroneShield Limited tops the gainers list, here’s how other key indices performed
The Economic Times· 2025-12-19 07:16
The gains in the ASX 200: Top gainers and losersOn the downside, Netwealth Group Limited (NWL) led the declines, falling 1.750, or 6.482%, to close at 25.250. Live EventsS&P/ASX: How other key indices performed Australian equities finished higher, with major benchmarks posting modest gains across the board. The S&P/ASX 20 rose 0.4%, closing at 4,735.60 after opening at 4,718.70. Similarly, the S&P/ASX 50 advanced 0.3%, ending the session at 8,250.40, compared with an opening level of 8,224.80.Broader marke ...
MUFG to acquire 20% stake in Shriram Finance for ₹39,618 crore
BusinessLine· 2025-12-19 07:16
The Board of Directors of Shriram Finance Limited (SFL) on Friday approved entering into definitive agreements with MUFG Bank Ltd. for an investment of ₹39,618 crore (USD 4.4 billion) in SFL through a preferential issuance of equity shares.This investment will result in MUFG Bank acquiring a 20.0 per cent stake in India’s second-largest retail Non-Banking Financial Company (NBFC) by assets under management (AUM) on a fully diluted basis.This is the largest FDI in a financial services company in India and MU ...
Nike Warns of Sales Decline as China Weakness Persists
Yahoo Finance· 2025-12-19 07:15
Nike warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world's largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Bloomberg's Jennifer Creery reports. ...
Sony Pictures to launch Wheel of Fortune Game Show in India
BusinessLine· 2025-12-19 07:14
Core Insights - Sony Pictures Networks India (SPNI) is launching the Indian edition of the entertainment franchise Wheel of Fortune, hosted by Akshay Kumar [1] - The show aims to leverage the combined strengths of television and digital platforms for advertisers, providing a unique brand-building opportunity [2][3] Company Overview - SPNI has licensed the Wheel of Fortune format from Highgate Entertainment, LLC, with Frames Production Company producing the Indian version [1] - The show will be integrated into the Sony Entertainment Television and Sony LIV ecosystem, enhancing its reach and engagement [2] Industry Impact - The introduction of Wheel of Fortune is part of SPNI's strategy to expand its portfolio of globally successful IPs, enhancing audience engagement in the reality format space [3] - The show is expected to create a significant platform for advertisers, offering extensive reach across both television and digital channels [2][3]