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Top Wall Street Forecasters Revamp Walgreens Expectations Ahead Of Q3 Earnings
Benzinga· 2025-06-26 06:07
Group 1 - Walgreens Boots Alliance, Inc. is set to release its third-quarter earnings results on June 26, with analysts expecting earnings of 34 cents per share, a decrease from 63 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $36.72 billion, slightly up from $36.35 billion a year earlier [1] - On April 21, Walgreens announced a $300 million settlement to resolve federal allegations regarding the filling of invalid prescriptions for opioids and other controlled substances [2] Group 2 - Deutsche Bank analyst downgraded Walgreens stock from Hold to Sell, reducing the price target from $11 to $9 [5] - Truist Securities maintained a Hold rating but lowered the price target from $13 to $12 [5] - UBS analyst maintained a Neutral rating and raised the price target from $9 to $10 [5] - Morgan Stanley maintained an Underweight rating and cut the price target from $9 to $7 [5]
Shell plc (“Shell”) statement re BP plc (“BP”)
GlobeNewswire News Room· 2025-06-26 06:00
Group 1 - Shell plc clarifies it is not actively considering an offer for BP plc and has not made any approach or engaged in talks regarding a possible offer [1][2] - Shell confirms it will be bound by the restrictions set out in Rule 2.8 of the UK City Code on Takeovers and Mergers [2] - Shell's focus remains on delivering more value with less emissions through performance, discipline, and simplification [2] Group 2 - Shell reserves the right to set aside the restrictions in Rule 2.8 under specific circumstances, including agreement from BP's board or if a third party announces a firm intention to make an offer for BP [5]
Nasdaq and QCP Set New Standard of Capital Efficiency by Connecting Canton Network to Nasdaq Calypso
Globenewswire· 2025-06-26 06:00
Core Insights - Nasdaq has integrated on-chain capabilities with its Nasdaq Calypso platform to enhance institutional risk management and collateral workflows [1][2][3] - The partnership with QCP, Primrose Capital Management, and Digital Asset aims to improve capital efficiency and automate margin and collateral management across various asset classes [3][4] - Nasdaq Calypso is positioned to support 24/7 margin and collateral management, catering to both traditional finance and emerging digital markets [2][5] Group 1 - The integration of blockchain technology allows financial institutions to mobilize and redeploy collateral more efficiently, meeting the demands of a real-time financial ecosystem [3][4] - Nasdaq's technology is utilized by 97% of globally significant banks and half of the top 25 stock exchanges, indicating its strong market presence [6] - The collaboration aims to set a new standard for institutional digital assets, enhancing security, pricing, and capital deployment capabilities [4][5] Group 2 - The initiative represents a generational shift in capital market infrastructure, focusing on faster settlement and continuous trading [5][6] - Nasdaq is committed to advancing its digital asset capabilities to drive institutional adoption and improve market resilience [6] - The integration is expected to harmonize traditional and digital markets, enhancing trust in the underlying infrastructure [4][5]
FPC welcomes two new board members to accelerate strategic growth
Globenewswire· 2025-06-26 06:00
Core Viewpoint - Fingerprint Cards AB (FPC) has appointed John Lord and Carl Johan Grandinson to its Board of Directors, marking a significant step in the company's strategic transformation and innovation journey [1][4]. Group 1: New Board Members - John Lord brings over 25 years of leadership experience in global financial and technology sectors, with a strong background in finance, risk, and SaaS, particularly in identity verification [2]. - Carl Johan Grandinson has expertise in technology, marketing, and operational scaling, with a focus on growth equity investments in enterprise software companies [3]. Group 2: Strategic Significance - The appointments of John Lord and Carl Johan Grandinson are timely as FPC expands its solutions in embedded biometrics and secure access technologies, enhancing the company's strategic capabilities [4]. - John Lord's market insight and innovation leadership will support FPC's initiatives in new verticals where advanced biometric authentication is increasingly demanded [5]. - Carl Johan Grandinson's financial and strategic acumen will contribute to FPC's governance and capital planning, aiding in the company's long-term sustainability and profitability [6]. Group 3: Leadership Commentary - Christian Lagerling, Chairman at FPC, expressed enthusiasm for the new board members, highlighting their combined experience and industry knowledge as crucial for the company's new strategic direction [7].
Cornish Metals Publishes Inaugural Sustainability Report
Globenewswire· 2025-06-26 06:00
Core Viewpoint - Cornish Metals Inc. has published its inaugural sustainability report for the 2024 reporting year, marking a significant milestone in its commitment to sustainability and transparency [1][2][3]. Group 1: Sustainability Report Highlights - The sustainability report outlines the company's performance across key pillars such as governance, social responsibility, and environmental stewardship, establishing a baseline for future reporting [2]. - The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards to enhance transparency and comparability [2]. Group 2: Company Overview - Cornish Metals is a dual-listed mineral exploration and development company focused on advancing the South Crofty tin project, which is fully permitted for underground mining and construction of a processing facility [4][5]. - The South Crofty project is positioned to be the only primary producer of tin in Europe or North America, with tin being classified as a Critical Mineral due to its essential use in electronic devices [5]. - The project has strong local and governmental support and is expected to create up to 320 direct jobs in the Cornwall region [5].
Tryg A/S – Q2 2025 pre-silent newsletter
Globenewswire· 2025-06-26 06:00
Core Viewpoint - Tryg is preparing for its Q2 2025 results release on July 11, 2025, and is conducting pre-close analyst calls to inform capital market participants about key factors influencing its recent financial performance [1] Insurance Revenue Growth - Tryg's insurance revenue is well-distributed across Scandinavia, with approximately 50% from Denmark, 30% from Sweden, and 20% from Norway. In Q2 2024, the company reported insurance revenue of DKK 9,545 million [2] Revenue Development - The commercial segment is expected to have a smaller spillover effect into 2025 due to the derisking of the corporate portfolio in 2024. Tryg reported a growth of 3.7% in local currencies for Q1 2025 [3] Claims Environment - Tryg's underlying claims ratio was 66.8% in Q2 2024, with expectations for stable to slightly improving performance towards 2027. The underlying claims ratio improved by 30 basis points in Q1 2025 [4] Weather Claims - Normalized weather claims for Q2 are expected to be DKK 80 million, which is 10% of the annual guidance of DKK 800 million. The quarterly distribution of weather claims is 40% in Q1, 10% in Q2, 20% in Q3, and 30% in Q4 [5] Large Claims - Tryg provides guidance for large claims of DKK 800 million annually, distributed evenly across quarters [6] Interest Rates Development - The expected discount rate for Q2 is approximately 2.5%, up from 2.3% in Q1 2025 [7] Run-off Expectations - Tryg has a long-term run-off expectation of approximately 2% towards 2027 [8] Investment Activities - Tryg's investment activities are divided into a match portfolio of approximately DKK 46 billion and a free portfolio of approximately DKK 16 billion as of Q1 2025. The free portfolio has been derisked and mainly consists of Scandinavian covered bonds and government bonds [9] Other Income and Costs - Other income and costs are guided between DKK -350 million and DKK -370 million quarterly, primarily driven by amortization of intangibles related to the RSA Scandinavia acquisition [11] Number of Shares - As of the end of Q1 2025, Tryg had 607,059,826 outstanding shares, with a total of 4,091,106 shares bought back in Q2, reducing the number of outstanding shares [12] Outlook Statement - Tryg aims for its highest ever insurance service result of DKK 8.0-8.4 billion by 2027, following an insurance service result of around DKK 7.2 billion in 2024 [13]
Garrett Inaugurates Wuhan Innovation Center to Advance Zero-Emission Mobility
Globenewswire· 2025-06-26 06:00
Core Insights - Garrett Motion Inc. inaugurated its new Wuhan Innovation Center, enhancing its zero-emission R&D capabilities in China and globally [2][3] - The center is part of Garrett's strategy to strengthen its position as a leader in differentiated automotive technologies, particularly in electrification and decarbonization [3][7] Company Developments - The Wuhan Innovation Center is Garrett's second innovation hub in China, complementing the Shanghai R&D Center to create a "dual innovation engine" [2][5] - The center focuses on high-speed E-Powertrain systems for zero-emission applications, supporting both automotive and industrial decarbonization efforts [5][9] Technological Advancements - Garrett has a history of innovation in mobility technologies, including variable geometry turbines and hydrogen fuel cell compressors, with a strong emphasis on zero-emission solutions [4][6] - The E-Powertrain system integrates an electric motor, inverter, and gearbox, reducing system size and weight by up to 40% and cutting the use of critical materials by approximately 30% [8] Strategic Importance - The Wuhan Innovation Center embodies Garrett's "East for East" strategy, integrating R&D and manufacturing capabilities to accelerate the commercialization of zero-emission technologies [10] - The center aims to attract cross-disciplinary talent and foster partnerships with academic institutions and industry players to drive innovation [10]
Bavarian Nordic Announces the Initiation of Clinical Trials of Mpox Vaccine in Infants and Pregnant Women
Globenewswire· 2025-06-26 06:00
Core Points - Bavarian Nordic A/S has initiated two clinical trials for the MVA-BN mpox/smallpox vaccine targeting vulnerable populations, specifically infants under 2 years and pregnant or breastfeeding women [1][2] - The first study involves 344 infants aged 4-24 months, while the second study aims to enroll 359 women [1][2] - Both studies are conducted in the Democratic Republic of Congo, the epicenter of the ongoing mpox outbreak [1] - Bavarian Nordic is also sponsoring a trial for children aged 2-11 years, with topline results expected in Q3 2025 [3] Company Overview - Bavarian Nordic is a global vaccine company focused on improving health through innovative vaccines and is a preferred supplier of mpox and smallpox vaccines to governments [5] - The MVA-BN vaccine is the only non-replicating mpox vaccine approved in several countries, including the U.S., Canada, and the EU [4] - The vaccine was originally developed as a smallpox vaccine in collaboration with the U.S. government to ensure supply for the entire population, including immunocompromised individuals [4]
The new version of the Articles of Association of UAB Urbo bankas was registered
Globenewswire· 2025-06-26 06:00
Urbo bankas UAB (hereinafter - “the Bank”), company code 112027077, address: Konstitucijos pr.18B, Vilnius. We hereby inform you that on 25 June 2025, a new version of the Articles of Association of the Bank was registered in the Register of Legal Entities. The Articles of Association was approved on 21 March 2025 during the Ordinary General Meeting of Shareholders of the Bank. For more information please contact: Julius Ivaška, Head of Business Division, tel. +370 601 04 453, e-mail media@urbo.lt Attach ...
Guizhou's Experience in Making "Ecological Value" from "Green Appearance"
Globenewswire· 2025-06-26 05:33
Core Viewpoint - Guiyang is making significant strides in building an eco-civilization, achieving remarkable results in environmental protection and green industry development, while promoting public participation in these efforts [1][5]. Environmental Improvement - In 2024, Guiyang achieved an ambient air quality excellent rate of 99.5%, ranking 4th among 168 key cities in China, with a 100% compliance rate for surface water quality [2]. - All 107 rivers in Guiyang have eliminated inferior V-Class water bodies for the first time, showcasing the city's success in atmospheric and water environment treatment [2]. Technological Advancements - Guanshanhu District has implemented a grid-based monitoring platform utilizing IoT, sensors, drones, and AI for eco-environment quality analysis [3]. - The Pilot Project of A7 Group Catering Oil and Fume has received no complaints since 2025, indicating effective environmental management [3]. Green Industry Development - Guiyang has transformed from a coal-producing township to a tea cultivation hub, promoting ecological and economic development through the cultivation of ancient tea trees [5]. - The tea products from Guiyang are now exported globally, demonstrating the success of this transformation [5]. Community Initiatives - A newly renovated drainage system in Chayuan Village effectively separates rainwater and sewage, improving the living environment for residents [6]. - The Guanshanhu District Eco-Civilization Exhibition Hall serves as a demonstration site for eco-civilization achievements and biodiversity [7]. Public Engagement - Guizhou Qianling Mountain Park, which is free to the public, attracts over 10 million visitors annually, promoting the concept of harmonious coexistence between humans and nature [8]. - Guiyang plans to continue implementing the "Eco-city" strategy, contributing to the construction of eco-civilization in China [8].