Core Points - Wolters Kluwer has repurchased 78,100 ordinary shares for €8.6 million at an average price of €109.74 during the period from September 11 to September 17, 2025 [1] - The share buyback program, announced on February 26, 2025, aims to repurchase shares worth €1 billion throughout 2025 [2] - Cumulatively, 5,040,691 shares have been repurchased in 2025, totaling €730.6 million at an average price of €144.93 [2] - A third party has been engaged to execute €363 million of buybacks from July 31, 2025, to November 3, 2025 [2] - Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation [3] Company Overview - Wolters Kluwer is a global leader in professional information solutions, software, and services across various sectors including healthcare, tax, accounting, and legal [4] - The company reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries with approximately 21,900 employees [5] - Wolters Kluwer shares are listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [6]

Core Viewpoint - Wolters Kluwer has actively engaged in a share buyback program, repurchasing a total of 5,040,691 shares for €730.6 million in 2025, with a goal to repurchase shares worth €1 billion throughout the year [2][4]. Group 1: Share Buyback Details - From September 11 to September 17, 2025, the company repurchased 78,100 ordinary shares for €8.6 million at an average price of €109.74 [1]. - The cumulative shares repurchased in 2025 amount to 5,040,691, with a total consideration of €730.6 million and an average share price of €144.93 [2]. - A third party has been engaged to execute €363 million of buybacks from July 31, 2025, to November 3, 2025, in compliance with relevant laws and regulations [2]. Group 2: Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries, employing approximately 21,900 people [4]. - The company is headquartered in Alphen aan den Rijn, the Netherlands, and serves customers in more than 180 countries [4]. - Wolters Kluwer is listed on Euronext Amsterdam and included in major indices such as AEX, Euro Stoxx 50, and Euronext 100 [5].

Core Insights - 7C Solarparken AG reported a significant increase in first-half 2025 EBITDA to €32.8 million, up from €23.2 million year-over-year, driven by favorable weather conditions and the absence of a previous impairment related to its 20-MWp Reuden Süd project [1][2] - The company maintained average realized prices at €159/MWh despite facing record negative power prices and weaker market values, with cash flow per share increasing to €0.33 from €0.21 in the prior-year period [2] - Management has raised its full-year guidance for EBITDA to at least €51 million and cash flow per share to €0.50, despite expectations of weaker solar irradiation and a lower average PV market value of €45/MWh in the second half [3] Financial Performance - The company recorded a €14.7 million impairment on solar parks due to revised market price assumptions, which reduced equity to €233.8 million; however, it maintains a solid balance sheet with a 44% equity ratio and a reduction in net debt by 11% to €101 million [5] - EBITDA is projected to gradually decline from €51 million in 2025 to €31 million by 2030 as older high-feed-in tariffs expire, even as net leverage is expected to decrease to 1.2x EBITDA [4] Strategic Initiatives - As part of its Roadmap 2030, 7C Solarparken plans to expand capacity by adding 10 MWp of PV annually and 15 MW/30 MWh of battery storage, while implementing a multi-market sales model similar to Belgium [4] - The company is advancing its 2025 business plan with several repowering projects, a strategic move into battery storage, and the continuation of its share buyback program, which is 80% completed [6] - The IPP portfolio is nearing the 500-MWp milestone, indicating growth in operational capacity [6]

Core Viewpoint - Wolters Kluwer is accelerating its existing €1 billion share buyback program, now expected to be completed by November 3, 2025, reflecting management's confidence in the company's long-term growth prospects and commitment to enhancing sustainable value for stakeholders [2][3]. Group 1: Share Buyback Program - The Executive Board has decided to accelerate the execution of the €1 billion share buyback program due to recent developments in the company's share price [2]. - As of September 17, 2025, €731 million of the buyback program has been executed, with €269 million remaining to be repurchased in the seven weeks from September 18 to November 3, 2025 [3]. - The share buyback will be conducted by a third party within legal limits, and repurchased shares will be held as treasury shares for future obligations [3]. Group 2: Financial Performance - Year-to-date performance across all five divisions is in line with the full-year 2025 outlook, with a slight improvement in organic growth observed in July and August, particularly in the Health, Tax & Accounting, and Corporate Performance & ESG divisions [4]. Group 3: Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries, employing approximately 21,900 people [5]. - The company provides professional information solutions and services across various sectors, including healthcare, tax and accounting, and corporate compliance [5].

Core Viewpoint - Wolters Kluwer is accelerating its €1 billion share buyback program, now expected to complete by November 3, 2025, reflecting confidence in the company's long-term growth prospects and commitment to enhancing shareholder value [2][3]. Share Buyback Program - The Executive Board has decided to expedite the existing share buyback program due to recent share price developments, with €731 million already executed as of September 17, 2025, leaving €269 million to be repurchased in the remaining weeks [2][3]. - The share buyback will be conducted by a third party, adhering to relevant laws and regulations, and shares repurchased will be held as treasury shares for future obligations [3]. Financial Performance - Year-to-date performance across all divisions is in line with the 2025 guidance, with a slight improvement in organic growth noted in July and August, particularly in the Health, Tax & Accounting, and Corporate Performance & ESG divisions [4]. Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024, operates in over 40 countries, and employs approximately 21,900 people globally [5]. - The company is headquartered in Alphen aan den Rijn, Netherlands, and is listed on Euronext Amsterdam [5]. Financial Calendar - Key upcoming dates include the payment of the 2025 interim dividend on September 18, 2025, and the nine-month trading update on November 5, 2025 [7].

Group 1 - Green Thumb Industries (GTBIF) announced a $50 million share repurchase program, leading to a 9% increase in its stock price [1][12] - The buyback program is a significant move in the cannabis industry, where such actions are uncommon due to capital constraints and regulatory challenges, indicating management's confidence in the company's long-term prospects [2][12] - Previous buyback efforts in 2023 saw the company repurchase nearly 13.5 million shares for $108 million, demonstrating a consistent approach to returning value to shareholders [4][12] Group 2 - Green Thumb's revenue for Q2 2025 increased nearly 5% year-over-year to $293 million, with the consumer packaged goods segment growing over 8%, but retail sales growth was flat due to price compression [8] - The company's gross profit margin fell to 49.9%, down 380 basis points from the previous year, while selling and operating expenses rose by 11%, contributing to a net loss for the quarter [9] - The company faces ongoing pricing pressures and competition in the saturated U.S. cannabis market, which may hinder profitability without regulatory reform or improved retail pricing dynamics [10][13] Group 3 - Green Thumb operates solely in the U.S. market, making it vulnerable to domestic regulatory risks and competition from peers like Curaleaf and Tilray, which are expanding internationally [7][14] - Year-to-date, GTBIF shares have declined nearly 6%, contrasting with a 5% growth in the broader industry [15] - EPS estimates for 2025 and 2026 have been revised downward over the past 60 days, reflecting concerns about the company's financial outlook [17]

Group 1 - Sampo plc conducted share buybacks on 16 September 2025, acquiring a total of 387,697 A shares at an average price of EUR 9.78 per share [1][2] - The share buyback program, announced on 6 August 2025, has a maximum limit of EUR 200 million and is compliant with the Market Abuse Regulation [1] - The buyback program commenced on 7 August 2025, following authorization from Sampo's Annual General Meeting held on 23 April 2025 [1] Group 2 - After the recent transactions, Sampo plc now holds a total of 9,531,625 A shares, which represents 0.35% of the total number of shares in the company [2]

Core Viewpoint - Chipotle Mexican Grill Inc has authorized an additional $500 million for share buybacks, increasing the total to $750 million, which has positively impacted its stock price, currently trading at $38.94, up 0.9% [1] Group 1: Stock Performance - The stock is on track for its first gain in three sessions after bouncing off a 52-week low of $38.30 on September 11 [1] - Despite the recent uptick, the stock is still down 35.1% year-to-date and is trading below all key short- and long-term moving averages [1] Group 2: Options Activity - There has been significant bullish activity in options trading, with 27,000 calls exchanged, which is double the intraday options volume, compared to 4,686 puts [2] - The most active options contract is the September 40 call, indicating strong interest in upward price movement [2] - The put/call volume ratio of 3.95 over the past 10 weeks suggests a more bullish sentiment than usual, ranking higher than 81% of annual readings [2] Group 3: Options Pricing - Options are currently reasonably priced, with a Schaeffer's Volatility Index (SVI) of 34%, which ranks in the low 23rd percentile of its 12-month range, indicating low volatility expectations among options traders [3]

Market Overview - U.S. stock index futures showed slight increases, with the S&P 500 and Nasdaq reaching record highs, driven by investor expectations of interest rate cuts from the Federal Reserve [1][4] - Investors are anticipating a 25 basis point cut from the Federal Reserve at the conclusion of its two-day meeting, aimed at addressing the decline in the U.S. labor market [1][2] Economic Indicators - The Senate confirmed Stephen Miran as an economic adviser to the Fed, while a court rejected Trump's attempt to dismiss Fed Governor Lisa Cook, maintaining rate cut expectations [2] - An upcoming retail sales report for August is expected to provide insights into U.S. consumer health ahead of the Fed's decision [3] Company Performance - Oracle's stock rose by 3.8% in premarket trading, as it is part of a consortium that may allow TikTok to continue operations in the U.S. if a deal is reached [3] - Tesla and Alphabet contributed to the record highs of the S&P 500 and Nasdaq, with Alphabet's market valuation surpassing $3 trillion for the first time [4] - Dave & Buster's Entertainment saw a significant decline of 17.7% after missing revenue and profit expectations for the second quarter [5] - Chipotle Mexican Grill's stock increased by 1.9% following an announcement to raise its share buyback authorization [5]

Core Insights - Chipotle Mexican Grill Inc announced an additional $500 million share buyback, increasing total buyback authorization to $750 million [1][2] - The buyback authorization is part of Chipotle's regular quarterly process, typically disclosed in its Quarterly Report on Form 10-Q [2] - Chipotle's shares have experienced a decline of approximately 33% over the past year, largely due to the departure of former CEO Brian Niccol [3] Financial Performance - In the second quarter, Chipotle repurchased $435.9 million of its stock and ended the period with approximately $844.52 million in cash and cash equivalents [3] - Analysts expect Chipotle to report earnings of 30 cents per share and revenue of $3.06 billion for the third quarter, with results due after market close on October 29 [4] Market Reaction - Following the announcement of the buyback, Chipotle shares rose by 1.56% in after-hours trading, reaching $39.18 [4]