valuations
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Valuations Are Tanking but It’s Not (yet) Doom and Gloom
Date: September 13, 2022
The author of the piece is: Victor Basta, Co-Head, DAI Magister It’s been a rough year for the public and private markets. With talks of interest rate hikes heating up, the S&P fell by 11% in January, making it the worst January since 2009. The tech-heavy NASDAQ composite slumped 12%. European stock markets didn’t fare much...
Volkswagen’s Antlitz: No Comment on Valuation of Porsche Listing
Date: September 6, 2022
BERLIN (Reuters) – Volkswagen Chief Financial Officer Arno Antlitz would not comment on what the valuation of a Porsche listing would be, adding that he expected huge interest from the market. The funds will give the carmaker more flexibility on when to bring in external partners to help fund electrification, he added, as well as...
HSBC Ups Price Targets on Greek Banks, With Eurobank, Piraeus Top Picks
Date: August 22, 2022
ATHENS (Reuters) – HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong performances in the first half, saying Eurobank and Piraeus Bank were its top picks. “Greek banks surprised us with stronger loan growth, faster repricing of securities books and robust fee income in the second quarter,” HSBC...
Soccer – Deep Pockets Needed to Persuade Glazers to Sell United
Date: August 19, 2022
By Simon Evans MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe’s interest in buying Manchester United has raised the hopes of the club’s supporters that their American owners, the Glazer family, might now sell the club and pave the way for a return to glory on the field. Whether that happens will depend on three...
Analysis-As Earnings Support U.S. Stock Rebound, Worries Over Future Profits Grow
Date: August 17, 2022
By Lewis Krauskopf NEW YORK (Reuters) – Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market’s momentum. With the vast majority of S&P 500 companies reported, second-quarter earnings are expected to have climbed 9.7% from a year...
Biotech Stocks Pin Bounce Back Hopes on M&A Boost
Date: August 12, 2022
By Amruta Khandekar and Leroy Leo (Reuters) – Plunging valuations have made biotech companies tempting acquisition targets for cash-rich Big Pharma and a flurry of deals is just what the battered sector needs to turn a corner. Pfizer’s $5.4 billion acquisition of Global Blood Therapeutics, which was announced on Monday, is the fourth deal in...