Author: Bella Hayes

STOCKHOLM (Reuters) – Tesla (NASDAQ:) has asked a court in Sweden to ensure that the country’s Transport Agency provides access to licence plates that are currently blocked by postal workers in a wider labour conflict, a court official said on Tuesday. The U.S. electric vehicle maker headed by billionaire Elon Musk is at the centre of a dispute in Sweden over its refusal to sign a collective bargaining agreement and thus allow a labour union to negotiate on behalf of workers. The conflict began when a group of Tesla mechanics went on strike in October of 2023, and more than…

LONDON – JPMorgan (NYSE:) Global Growth & Income PLC has announced the issuance of 250,000 ordinary shares at a price of 590.80 pence per share today. The shares were issued under the company’s existing ordinary share block listing facility, which was established on May 24, 2024. The transaction has increased the total issued share capital of the investment firm to 512,152,308 ordinary shares. This figure is now the denominator for shareholders to calculate their percentage holdings in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Following this issue, JPMorgan Global Growth & Income PLC has…

The information in this article is based on a press release statement from Rail Vision Ltd. and does not include speculative or subjective assessments. The company has shown remarkable momentum with a 154.3% price return over the past six months, though analysts expect continued growth with a projected 13.2% revenue increase this year. The partnership’s success and its potential impact on the Indian railway industry remain to be seen, with further developments expected following the initial trial and customer evaluations. For deeper insights into Rail Vision’s financials and growth prospects, including 15 additional ProTips, visit InvestingPro. As a part of…

Investing.com — Analysts from Bernstein have downgraded Freeport McMoRan to “market-perform” and upgraded Antofagasta (LON:) to “outperform”, in a note dated Tuesday.  The analysts cited a number of key reasons for the change in their recommendations, focusing on the evolving risks and opportunities surrounding each company. One of the primary concerns regarding Freeport McMoRan is its ongoing challenge in securing an extension for its concentrate export license in Indonesia. The license, which expired in December 2024, has not yet been renewed, and the analysts believe this risk is not fully reflected in the market consensus.  Freeport’s Indonesian operations are critical…

By Arunima Kumar (Reuters) -Oil prices fell slightly on Tuesday as optimism over demand faded, although tighter Russian and Iranian supply driven by expanding Western sanctions checked losses. futures were down 25 cents, or 0.33%, to $76.05 a barrel at 0950 GMT, while U.S. was down 44 cents, or 0.60%, to $73.12. Both benchmarks slid on Monday, after rising for five days in a row last week to settle at their highest levels since October on Friday amid expectations of more fiscal stimulus to revitalise China’s faltering economy. “This week’s weakness is likely due to a technical correction, as traders react…

Investing.com — CNOOC (HK:) has been selected by Bernstein as the leading pick among Asia-Pacific oil equities for 2025, flagging its strong financial performance and undervalued stock position within the sector, in a note dated Tuesday. The oil company stands out due to its free cash flow yield of 11%, making it one of the most compelling investment opportunities in the region.  Analysts at Bernstein have said that CNOOC is not only highly undervalued compared to its peers but also boasts a world-class portfolio that has consistently delivered strong returns. Despite an anticipated decline in oil prices, with forecasted to…

Investing.com — UBS anticipates that volatility will remain elevated throughout 2025, driven by macroeconomic uncertainty, shifting policy rates, and geopolitical risks. “We think the low index volatility regime of 2024 is over,” UBS strategists led by Gerry Fowler said in a Tuesday report. UBS notes that the global economy continues to experience lingering disruptions from the Covid era, though less from social or political factors and more from challenges within business and market cycles. With government stimulus largely depleted, nominal growth is expected to slow, particularly in China and the US. Regional disparities in economic activity may persist, driven in…

LONDON – J.P. Morgan SE, acting as the Stabilisation Coordinator, announced today that it may engage in stabilization activities for AIB Group (OTC:) plc’s securities. The announcement comes as the bank prepares for a potential stabilization period following the offer of a new series of securities by AIB Group plc. The securities in question are described as Perpetual-Non-Call-7-year Fixed Rate Reset AT1 Perpetual Contingent Temporary Write Down Securities, with an aggregate nominal amount set at a EUR benchmark. The offer price is yet to be confirmed. These securities are to be listed on the Global Exchange Market of Euronext (EPA:)…

Investing.com — Shares of Sodexo (EPA:) dropped by over 8% on Tuesday following disappointing first-quarter results for fiscal year 2025.  The company reported organic growth of 4.6%, falling short of the consensus forecast of 5.3%.  Despite reiterating its full-year outlook, which still targets organic growth between 5.5% and 6.5%, the weaker-than-expected start to the year has raised concerns among investors. “In that sense, we will look for clarification on the expected growth acceleration, especially as we would expect 2Q to be soft again, requiring a meaningful step-up in 2H which looks ambitious in current context,” said analysts at Jefferies in…

FRANKFURT – Commerzbank AG (OTC:) has initiated a pre-stabilization phase for its upcoming issuance of green senior notes, with the potential for market stabilization activities to support the securities’ price post-launch. The Frankfurt-based financial institution announced on Tuesday that it may engage in transactions to maintain the market price of the securities at a higher level than might otherwise prevail. The securities in question are non-preferred green senior notes, which are part of the bank’s eligible liabilities (MREL) and are expected to have a benchmark aggregate nominal amount. The offer terms include a maturity date of January 14, 2032, and…