>>> Europe : Brokers Upgrades & Downgrades - 22nd of July 2024 V(+)

>>> Up
* Antofagasta Raised to Reduce at Peel Hunt
* Barry Callebaut Raised to Buy at Citi; PT 1,700 Swiss francs
* Cabka Raised to Outperform at Oddo BHF; PT 5.40 euros (+)
* Celon Pharma Raised to Outperform at Santander Biuro Maklerskie (+)
* Coloplast Raised to Overweight at Barclays; PT 1,015 kroner
* Epiroc Raised to Buy at Pareto Securities; PT 225 kronor
* Fiserv Raised to Overweight at Morgan Stanley; PT $175
* Gym Group Raised to Buy at Berenberg
* International Flavors Raised to Buy at Stifel; PT $115
* Naga Group Raised to Buy at SMC Research; PT 1.60 euros (+)
* Nordea Bank Raised to Buy at Jefferies; PT 12.40 euros
* OMV Raised to Buy at Trigon Dom Maklerski; PT 47.40 euros
* PagSeguro Raised to Outperform at Itau BBA; PT $16
* Pihlajalinna Raised to Buy at Inderes; PT 11 euros
* Rovi Raised to Buy at JB Capital Markets; PT 110 euros
* Stendorren Fastigheter Raised to Buy at Pareto Securities
* Travis Perkins Raised to Overweight at JPMorgan; PT 1,100 pence
* Yara Raised to Buy at ABG; PT 400 kroner

>>> Down
* Bankinter Cut to Sell at Alantra Equities; PT 8.40 euros
* Buzzi SpA Cut to Underweight at JPMorgan; PT 33 euros
* Con Edison Cut to Underweight at Barclays; PT $92 (+)
* Credit Agricole Cut to Neutral at Oddo BHF; PT 16 euros (+)
* CrowdStrike Cut to Neutral at Guggenheim
* CrowdStrike Cut to Neutral at President Capital Management
* Estee Lauder Cut to Market Perform at Raymond James
* Evolution Cut to Equal-Weight at Morgan Stanley; PT 1,210 kronor
* Fidelity National Cut to Equal-Weight at Morgan Stanley
* Interpublic Cut to Underweight at Morgan Stanley; PT $28
* INVISIO AB Cut to Hold at SEB Equities; PT 295 kronor
* Kingspan Cut to Underweight at Morgan Stanley; PT 77 euros
* Tele2 Cut to Hold at Pareto Securities; PT 100 kronor

>>> Initiation
* Hornbach Holding Rated New Hold at Bankhaus Metzler; PT 85 euros (+)
* MP Evans Rated New Buy at Canaccord; PT 1,250 pence (+)
* Raspberry PI Rated New Buy at Jefferies; PT 448 pence
* Raspberry PI Rated New Add at Peel Hunt; PT 439 pence
* Sirius Real Estate Reinstated Buy at Jefferies; PT 120 pence

>>> Call
* Evolution Cut at Morgan Stanley, Revenue Acceleration Delayed
* Kingspan’s Multiple Unjustified, Morgan Stanley Downgrades
* Yara Upgraded to Buy at ABG on Stronger Free Cash Flow Profile

>>> Stoxx 600 Pre-Market Indications

  • Rio Tinto (RIO1 TH) +1.9%
  • Coloplast (CBHD TH) +1.9%
    • Coloplast Raised to Overweight at Barclays; PT 1,015 kroner
  • ASR Nederland (A16 TH) +1.9%
  • Voestalpine (VAS TH) +1.5%
  • Norsk Hydro (NOH1 TH) +1.5%
  • Volvo (VOL1 TH) +1.3%
  • HSBC (HBC1 TH) +1.3%
  • EssilorLuxottica (ESL TH) +1.1%
  • Sartorius (SRT3 TH) -1.2%
  • Ryanair (RY4C TH) -7.4%
    • Ryanair Cuts Forecast, Sees ‘Materially Lower’ Summer Fares (1)

TechCrunch : What Kamala Harris has said about AI, tech regulation, and more

What Kamala Harris has said about AI, tech regulation, and more

With President Joe Biden dropping out of the race, Vice President Kamala Harris may become the Democrats’ new nominee.

In announcing his plans, Biden offered his “full support and endorsement for Kamala to be the nominee of our party this year,” while Harris said her “intention is to win and earn this nomination.” That said, it’s not clear whether other Democratic politicians will challenge her for the nomination at an open convention, or through some other selection process.

If Harris is selected, the Democrats will have a presidential nominee with roots in the Bay Area — she was born in Oakland — and a long relationship with the tech industry. (Donald Trump’s running mate JD Vance is also deeply connected to Silicon Valley.) She was San Francisco’s district attorney, then California’s attorney general, before being elected to the Senate in 2016.

VCs like John Doerr and Ron Conway were among her early supporters, and as a presidential candidate, she was quickly endorsed by LinkedIn co-founder Reid Hoffman. Other industry figures, including Netflix co-founder Reed Hastings, have been more circumspect or called for an open convention.

Some of the industry’s critics have complained that she didn’t do enough as attorney general to curb the power of tech giants as they grew.

At the same time, she has been willing to criticize tech CEOs and call for more regulation. As a senator, she pressed the big social networks over misinformation. During the 2020 presidential campaign, when rival Elizabeth Warren was calling for the breakup of big tech, Harris was asked whether companies like Amazon, Google, and Facebook should be broken up. She instead said they should be “regulated in a way that we can ensure the American consumer can be certain that their privacy is not being compromised.”

As vice president, Harris has also spoken about the potential for regulating AI, saying that she and President Biden “reject the false choice that suggests we can either protect the public or advance innovation.”

Biden had issued an executive order calling for companies to set new standards around the development of AI, and Harris said these “voluntary commitments are an initial step toward a safer AI future with more to come, because, as history has shown, in the absence of regulation and strong government oversight, some technology companies choose to prioritize profit over the wellbeing of their customers, the safety of our communities, and the stability of our democracies.”

Venture capitalists Marc Andreessen and Ben Horowitz recently pointed to concerns that the Biden Administration will “overregulate” AI as one of their reasons for supporting Donald Trump.

On another hot button issue, a recent bill that would ban TikTok if its parent company ByteDance doesn’t sell it, Harris said, “We need to deal with the owner, and we have national security concerns about the owner of TikTok, but we have no intention to ban TikTok.”

Harris has been less vocal on the issues around cryptocurrency, though she would presumably support the Biden Administration’s crypto regulations.

WSJ : ‘A Rubik’s Cube in the Sky’: Israel Struggles to Defend Against Drones

‘A Rubik’s Cube in the Sky’: Israel Struggles to Defend Against Drones
An attack on Tel Aviv attributed to Yemen’s Houthis exposes a hole in Israel’s high-tech air defenses

KIRYAT SHMONA, Israel—On Friday, Israel’s vaunted aerial-defense system tracked 65 rockets fired across its northern border by the Lebanese militant group Hezbollah, intercepting some and letting the rest fall harmlessly into open areas.

That same day, Israel missed a single drone it believes flew more than 1,000 miles from Yemen to explode in the commercial capital Tel Aviv.

Israel has a problem with drones. They can be small and hard to detect, and they don’t move on predictable trajectories or emit the intense heat of rocket engines that make missiles easier to track and destroy. They are also cheap and plentiful, and are being deployed by the country’s adversaries in increasing numbers and sophistication.

Hezbollah has demonstrated the ability to strike Israel with drones in the near daily exchanges of fire since the Hamas-led Oct. 7 attack in which Israeli authorities say 1,200 people were killed and some 250 were taken hostage, prompting Israel’s invasion of the Gaza Strip.

The group often sends several at once—at least one for reconnaissance and another rigged with explosives—and has hit border towns and military bases, killing and injuring civilians and soldiers. It also has hit sensitive military equipment—including a radar surveillance balloon called Sky Dew in May and a multimillion-dollar antidrone system called Drone Dome in June.

Goading the Israeli military, Hezbollah flew surveillance drones across northern Israel in recent months, collecting aerial images of sensitive sites and publishing them in an unsubtle reminder of Israel’s vulnerability.

The Iron Dome, Israel’s famed air-defense system, has struggled to cope with the challenge. The alternative has been to scramble jet fighters, a costly and potentially dangerous solution that forces pilots to fly low in mountainous areas and exposes them to Hezbollah’s antiaircraft systems.

When all else fails, Israeli soldiers are told to use their rifles, some of which have been rigged with technology that can make their shots more accurate, according to Israeli military and defense officials.

“UAVs have turned into the main threat in terms of our ability to deal with it, because the army right now has no means of prevention except using F-16s,” said Ariel Frisch, deputy security officer of Kiryat Shmona, an Israeli city near the border with Lebanon that has been hit by at least six explosive drones since Oct. 7. “We are very, very worried about it.”

Israel’s vulnerability to uncrewed aerial vehicles is a sign of the challenges it would face in any full-scale war with Hezbollah and the difficulty it will have ever feeling confident it has eliminated threats from the adversaries around its borders. It is a threat all modern armies are struggling with as their opponents make use of the fast advances in civilian technology to develop cheap and highly accurate weapons.

The drone that hit Tel Aviv early Friday morning was a large model that air-defense experts say should be easier to knock down. The Iran-backed Houthi militia in Yemen claimed responsibility for the attack, saying it used a new drone that can evade air-defense systems.

The drone approached from the Mediterranean Sea to the west and was identified by Israeli radar minutes before it struck, a senior Israeli air-force officer said Sunday. Those on duty needed to decide whether it was an Israeli drone, an allied aircraft, a civilian aircraft or even a flock of birds.

During the war, Israel has been focused on aerial attacks from the north, south and east—in fact, an enemy drone was coming in from the east at about the same time, and Israel shot it down. Complicating matters, the drone from Yemen was flying in on routes generally used by civilian aircraft, though at a much lower altitude, the officer said.

“All of this, on top of the humans in the process, unfortunately caused them to classify it not as a threat,” the officer said.

Just over a mile from the border with Lebanon, Kiryat Shmona today is a ghost town with dusty cars, abandoned homes and unraked leaves covering its streets. Most of its some 20,000 residents have been evacuated from their homes since the start of the fighting. Hezbollah has hit targets across northern Israel with rockets, antitank missiles and drones.

Hezbollah has launched about 1,000 drones at Israel since the beginning of the war, mainly targeting towns and military bases within 3 miles of the border, including Kiryat Shmona. Their use has increased sharply this year, and the militant group has exhibited an ability to learn and take advantage of blind spots in Israeli defenses by mapping northern Israel with its surveillance drones, said Sarit Zehavi, founder and president of Alma Research and Education Center, a think tank in Israel.

The group has an arsenal of at least 2,500 drones and the ability to assemble more from parts supplied by Iran, according to estimates by Alma.

Drones force militants’ stronger adversaries to allocate scarce and costly resources to defend against them. While the Iranian Ababil drones used by Hezbollah can cost $5,000 apiece, an hour of flight time for an F-16 shooting two missiles is roughly $45,000, said Yehoshua Kalinsky, a senior researcher at the Tel Aviv-based Institute for National Security Studies. An interception by the Iron Dome is even more expensive and can cost $100,000 or more.

Shooting down drones with a jet requires pilots to locate hard-to-detect devices and distinguish them from friendly drones, other warplanes and civilian aircraft. The drones have low heat signatures, so the jets need to get behind them and as close as possible for the heat-seeking missiles to engage, an Israeli air-force pilot said.

The combination of friendly or enemy drones and jets, civilian aircraft and birds is like “a Rubik’s Cube in the sky,” said an air-force officer involved in aerial threat detection.

Samuel Bendett, an adjunct senior fellow at the Center for a New American Security, who studies drone warfare, said Israel could learn from Ukraine’s experience. After 2½ years of drone-intensive war with Russia, the country has developed more cost-effective solutions for detecting and intercepting them.

They include spreading acoustic sensors throughout the country to pick up the sound of drone motors. Ukraine also has established specialized truck-mounted mobile defense units armed with large-caliber machine guns, projector lights and electronic warfare systems that are then dispatched to intercept approaching drones.

Israel’s defense system has known about the drone threat for years, but hasn’t developed effective solutions in time, said Liran Antebi, a senior researcher also at the Institute for National Security Studies, who has been warning about the threat since 2013.

“Israel underestimated the size of the threat, the amounts of the systems in the hands of the other side and its willingness to operate them,” she said.

llan Bitton, the former head of Israel’s air defenses in the air force and a former senior official at Israel Aerospace Industries, said drones for years were seen as a “side issue”—not a big enough threat to divert resources from efforts to counter rockets and missiles.

Solutions have been late in coming, but Bitton was optimistic that Israel will create a multilayered defense against drones within one to three years. Israel’s Ministry of Defense has now allocated larger sums to the task and is working with big defense companies and new technology outfits. A new accelerator program for Israeli startups lists sensors to detect small aircrafts as one of the ministry’s areas of interest.

One highly expected response is the “Iron Beam,” which will fire a concentrated laser to take down aerial threats. A defense official said it would be rolled out sometime in 2025. The energy used for each interception is expected to cost a dollar or two per target, significantly cheaper than using interceptor missiles.

Still, the system has its weaknesses. Its effectiveness goes down in bad weather, and it can only shoot down one threat at a time, when adversaries are expected to attack with swarms. Israeli defense officials said it would need to be integrated into a multitiered defense system similar to what Israel now uses against rockets and missiles.

Moshik Cohen, an Israeli tech entrepreneur who previously worked on defense-missiles development at the Israel Aerospace Industries and autonomous vehicles at Samsung, is now working on building a platform to detect and classify threats, such as drones and UAVs, so they can be shot down. But he is aware that the drones are improving quickly as well. Israel is in a technology race, he said, not a typical arms race, and doesn’t have the advantage of time.

“This is an agile, software-defined conflict,” Cohen said. “If something is evolving, you need to evolve and move faster to win. Otherwise, you have no chance. You don’t have three years for development.”

>>> TradeGate Pre-Market Indications

DAX:
  • Qiagen (QIA TH) +1%
  • Sartorius (SRT3 TH) -1.2%
MDAX:
  • Delivery Hero (DHER TH) +2.2%
  • Aixtron (AIXA TH) +1.6%
  • Jungheinrich (JUN3 TH) +1%
  • Hensoldt (HAG TH) -1%
SDAX:
  • PVA TePla (TPE TH) +3.7%
  • SUSS MicroTec SE (SMHN TH) +3%
  • MLP (MLP TH) +2.5%
  • Ionos (IOS TH) +1.4%
  • Suedzucker (SZU TH) +1.3%
  • Dermapharm (DMP TH) -1.4%
  • Takkt (TTK TH) -13%

WWD : LuisaViaRoma Opens Mega Flagship in New York’s NoHo, Its First Internation

LuisaViaRoma Opens Mega Flagship in New York’s NoHo, Its First International Unit
The Italian luxury retailer is betting on the U.S. market as it eyes further international growth.

MILAN — A year-and-a-half after news circulated that the luxury e-tailer was plotting a retail push into the U.S., LuisaViaRoma on Monday will open its first international brick-and-mortar flagship — and second physical unit overall — at 1 Bond Street in Manhattan’s NoHo.

The 11,300-square-foot, two-story space joins the storied existing unit on Florence’s Via Roma, which opened in 1929, and a VIC and press suite in Milan, in addition to LuisaViaRoma’s e-commerce platform.

The move reflects both the dynamism of the U.S. market for the retailer and its growing ambitions for the region.

“LuisaViaRoma generates 25 percent of its online sales in the U.S., and New York is its biggest market. We hope to continue this forward momentum by pouring our energy toward the American consumer,” said Tommaso Andorlini, chief executive officer of LuisaViaRoma since late July 2023.

The executive said that since starting its online business in 1999, LuisaViaRoma’s American audience and consumer base have grown steadily over time.

In 2024 LuisaViaRoma’s sales generated in the U.S. are poised to increase 50 percent, Andorlini revealed, and are expected to double by 2026 “helped by brand awareness generated through the Bond Street store and further development of the digital platforms,” the executive explained.

The Italian retailer is reportedly paying $3.2 million in annual rent for the space, according to leasing advisory firm Mona.

The New York flagship replicates the format of the Florentine flagship, which boasts a minimal interior concept, and will blend custom-made and vintage furnishings. About 2,200 square feet of the new store will be dedicated to VIP clients, who will have a dedicated entrance and get access to key services including concierge styling sessions and selections of curated products.

The unit will sell men’s and women’s ready-to-wear with selection geared toward local customers. For the opening the flagship carries luxury brands including Maison Margiela, Jil Sander and Chloé, as well as New York fashion darlings Gabriela Hearst, Proenza Schouler and Helmut Lang.

“The New York store features a curated, full-look product edit that combines globally dominant true luxury brands with iconic New York designers and international emerging talent,” Andorlini said, adding that he expects the selection to eventually include about 100 brands as the store reaches full execution.

“We will continue to refine the brand mix based on our interaction with the local audience. Our product curation strategy is continuously evolving, and we see the next phase of our business as a shift toward quality and creativity, rather than irony and hype,” he added.

In keeping with its existing partnership with Vestiaire Collective on secondhand fashion, the Manhattan flagship will also carry an edit of vintage pieces in-store, in addition to providing clients with a consignment service for their pre-loved luxury goods in exchange for LuisaViaRoma credit.

Asked about balancing its on- and offline presence in the country, Andorlini said that LuisaViaRoma is “continuing to build an omnichannel ecosystem that combines the ease of digital access with the tactile joy of our true luxury physical environments.”

To this end, at the onset of 2024 the retailer acquired Holding IT, a firm helmed by Andorlini and the parent company to FFW Srl, which has created and managed e-commerce sites for fashion brands since 2011, and Playground Srl, which operates luxury sportswear stores under the banner SOTF. In light of the deal, which was seen as further fueling LuisaViaRoma’s digital capabilities, the LuisaViaRoma Group, a new entity, was established.

Aimed at boosting awareness in the U.S., LuisaViaRoma is plotting a “LVR Digital Catwalk” in coming months. Conceived as a multibrand digital fashion show to showcase the store’s and e-commerce’s curation and product assortment, the activation is seen as a combination of the retailer’s physical and digital prowess, the CEO said.

LuisaViaRoma already tested the brick-and-mortar waters in Manhattan, opening a pop-up store in 2018 in partnership with Spring Studios and Spring Place.

Elsewhere on the physical retail front, the company is planning to revamp its nearly 100-year-old flagship in Florence at the end of 2024 and will open the first LuisaViaRoma Kids unit in its hometown in September. But Andorlini sounded cautious about opening more physical stores.

“LuisaViaRoma recognizes an opportunity in this [physical retail] consolidating business sector. We will address this market trend with a focus on steady, sustainable growth and meticulous cost optimization. We have the team, product selection, omnichannel ecosystem, and the financial backing to remain a leader and excel in the business while the market finds its footing,” the CEO said.

LuisaViaRoma was established by president Luisa Jaquin — the grandmother of the retailer’s president Andrea Panconesi — who planted the seeds of the family company’s success by opening the concept store in 1929.

Following Style Capital’s investment of 130 million euros to acquire a 40 percent stake in the retailer in 2021, Panconesi left his post as CEO — now held by Andorlini, who succeeded Yoox veteran Alessandra Rossi — to be president of the company, while his daughter Annagreta serves as creative director of both the website and physical stores.

>>> What to look at today - 22nd of July 2024

The dollar slid and Treasuries rose after Joe Biden ended his reelection campaign and endorsed Vice President Kamala Harris. Chinese bonds gained after the central bank cut a policy interest rate. The yield on China’s 10-year sovereign note dropped 2 basis points, after the People’s Bank of China reduced a short-term rate for the first time in almost a year to support growth. Foreign ownership reached a record 4.3 trillion yuan ($591 billion) in the world’s second-largest bond market last month, extending global investors’ buying spree to ten consecutive months. Chinese stocks declined, adding to regional losses from Japan to Australia amid weakness in the tech sector. Taiwan Semiconductor Manufacturing Co. fell as much as 3.3%. US equities futures edged up. China’s policy easing is “an acknowledgment that there’s immense economic downward pressure,” Michelle Lam, Greater China economist at Societe Generale SA, told Bloomberg TV. “It also signals that policymakers are determined to support the economy.”  A Bloomberg gauge of the US currency’s strength shed 0.1%, while the 10-year Treasury yield dropped 2 basis points. The Mexican peso climbed, gold gained, Bitcoin rose to the highest in over a month.  Investors have mulled for weeks a greater prospect that Donald Trump will win the November election following Biden’s weak debate performance, only for bets on a Trump win to accelerate last week following an assassination attempt on the Republican candidate a week ago. The question for investors is whether to stick with such trades now that Biden has dropped his bid for reelection. In China, banks cut their main benchmark lending rate for the first time since August 2023, ramping up support for economic growth following the PBOC’s rate reduction. President Xi Jinping had unveiled sweeping plans to bolster the finances of China’s indebted local governments as the ruling Communist Party announced its long-term blueprint for the world’s second-largest economy. Those are centered around shifting more revenue from the central to local coffers, such as by allowing regional governments to receive a larger share of consumption tax. The S&P 500 suffered its worst week since April last week, as tech shares fell ahead of earnings. Adding to the pressure was CrowdStrike Holdings Inc., the firm behind a massive IT failure that grounded flights and disrupted corporations around the world.  Tesla Inc. and Alphabet Inc. will be the first of the “Magnificent Seven” to report earnings on Tuesday. Analysts will likely press Elon Musk’s electric-vehicle giant on the progress of its plans for robotaxis. And investors will delve into the details of Google’s parent revenue boost from artificial intelligence. Elsewhere this week, traders will be focused on economic activity data in Europe, US second quarter growth and a Bank of Canada rate decision.  The runway toward a Federal Reserve interest-rate cut will come more into focus amid fresh signs inflation is abating.  Economists expect the personal consumption expenditures price index minus food and energy — due on Friday — to have risen 0.1% in June. That would bring three-month annualized core inflation down to the slowest pace this year, and below the Fed’s 2% target.

Nikkei -1.15% Hang Seng +0.82% CSI -0.76% Shanghai -0.71% Shenzen +0.05%

Eur$ 1.0886 CNH 7.2951 CNY 7.2730 JPY 157.40 GBP 1.2916 CHF 0.8887 RUB 87.8996 TRY 33.0847 WTI$ 80.54 Gold 2,405 BTC 67,810 +0.10% ETH 3,508 +0.3%

S&P +0.24% Nasdaq +0.43% EuroStoxx +041% FTSE +0.44% Dax +0.26% SMI +0.21%

Macro :
- Biden Exits Race, Endorses Harris as She Shores Up Support
- China’s Central Bank Cuts Key Short-Term Rate to Buoy Economy
- Investors Remember ‘Stocks Can Go Down Too’ in Return to Hedging
- Lithium’s Prolonged Slump Shifts Focus to Miners’ Output Plans

Keep an eye on :
- AIR FP : Airbus Chases A330 Deals at Air Show as Model Enjoys Second Wind
- AIR FP : Mitsubishi Heavy Agrees to Supply Parts to Airbus, Nikkei Says
- ALV GY : Allianz Hunts for Asia Top Spots After $1.6 Billion Bid: BT
- ALM SM : Almirall 1H Normalized Net Income EU17.8M Vs. EU11.6M Y/y
- AAPL US : Apple’s AI iPhone Turns Skeptics Into Bulls and Raises Stakes
- ARV NZ : Arvida Shares Surge 57% on Stonepeak Bid at NZ$1.70/Share Cash
- ASSAB SS : Assa Abloy to Buy Skidata From Kudelski Group
- BEAN SW : Belimo 1H Sales Beats Estimates
- BT/A LN : BT Gets £17.5M UK Fine for Failures in Handling Emergency Calls
- COV FP : Covivio Boosts FY Adjusted EPRA Profit Forecast
- CTT PL : CTT-Correios Says It Approved a New Share Buyback Program
- DIS US : Disney Says Oracle CEO Safra Catz Steps Down From Its Board
- Dolce&Gabbana IPO : Dolce & Gabbana Ready to Consider IPO: CEO to Corriere
- EDPR PL : Portugal Targets 2 Gigawatts of Offshore Wind Capacity by 2030
- ENEL IM : Enel presents to the governor of São Paulo a plan to invest R$6.2 billion by 2026
- FBK IM : Zurich Could Weigh Move to Buy Italy’s Fineco, Messaggero Says
- GM US : LG Slows EV Cell Plant With GM in US as Political Worries Swirl
- HomeBase Ltd : Hilco Capital in Talks to Sell DIY Retailer Homebase, Sky Says
- ICAD FP : ICADE 1H Group NCCF/Shr EU2.23 Vs. EU2.72 Y/y
- INA PL : Inapa Says Board Decided to File for Insolvency in Coming Days
- IDR SM : *ESCRIBANO WANTS TO INCREASE STAKE IN INDRA: CEO TO EXPANSION
- LMT US : US Plan to Raise Patriot Missile Output Hit by Shortage: Reuters
- LHA GY : ITA Air Sees €300 Million in 2025 Earnings, Chief Tells Corriere
- MRL SM : Merlin Properties 1H AFFO/Share EU0.30
- MU US : TSMC Seeks to Outbid Micron in Buying Innolux Plant: EDN
- NTGY SM : *NATURGY, SONATRACH NEAR AGREEMENT ON GAS CONTRACT: EXPANSION
- TYRES FH : Nokian Renkaat Picks Pompei as CEO for Growth After Russia Exit
- NVDA US : Nvidia Prepares Version of Flagship AI Chips for China: Reuters
- PAH3 GY : Alexander Pollich Named as CEO of Porsche China in Shakeup
- RNO FP : Renault’s De Meo Calls For More Flexibility on EU Emissions Goal
- Revolut IPO : Revolut Gets More Scam Complaints Than UK Banks, Ombudsman Says
- RTO LN : Former BT CEO in Talks to Buy Rentokil Initial: The Sunday Times
- IDS LN : How Royal Mail’s Czech suitor is plotting the Amazon of Europe
- RYA ID : RYANAIR CUTS 2Q FORECAST, NOW SEES FARES 'MATERIALLY LOWER'
- Signa Prime : Saudi Wealth Fund Offers to Boost Stake in Selfridges to 50%
- KUD SW : Assa Abloy to Buy Skidata From Kudelski Group
- SBUX US : Activist Elliott Takes Big Stake in Starbucks -- WSJ
- STLA US : Reportedly paid $190M in civil penalties in the US for failure to meet fuel efficiency rules in prior years, and owes more
- SF SS : Stillfront 2Q Sales Misses Estimates
- TTK GY : Takkt Cuts FY Adjusted Ebitda Margin Forecast
- TALK LN : TalkTalk to Meet Bondholders Next Week on Capital Injection: Sky
- TSLA US : Tesla, Rivian Shares Slip After Trump Vows to End EV ‘Mandate’
- TELL US : Woodside Agrees to Buy Tellurian for $1/Share Cash
- ULVR LN : Unilever Said to Start Sale Talks for £15 Billion Ice Cream Unit
- VAR GY : Porsche Eyes Widening Its Engagement In Battery Maker Varta (1)
- WDS AU : Woodside to Buy Tellurian and Driftwood LNG; $1 per Share
- X US : Nippon Steel Hires Pompeo to Help Clinch US Steel Sale
- ZH US : Zhihu Offers to Buy Back Class A Shares at Premium (Friday)
- ZURN SW : Zurich Could Weigh Move to Buy Italy’s Fineco, Messaggero Says