𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗩𝗲𝗴𝗮𝗻𝗲𝗿 𝗚𝗲𝗻𝘂𝘀𝘀 𝗮𝘂𝘀 𝗕𝗲𝗿𝗹𝗶𝗻 / 𝗕𝗔𝗦𝗙 𝘂𝗻𝗱 𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗲 𝗕𝗮𝗻𝗸 𝘀𝘁𝗮𝗿𝗸 / 𝗨𝗦-𝗕𝗮𝗻𝗸𝗲𝗻 𝘂𝗻𝗱 𝗕𝗶𝘁𝗰𝗼𝗶𝗻
𝗜𝗣𝗢𝘀 🔔
Veganz - The price range for the planned IPO of vegan food manufacturer Veganz has been set at 85 to 110 euros per share. Gross issue proceeds of between 33 and 42.8 million euros are expected. The fresh money is to be used for research and development, marketing, a new production site near Berlin and further expansion. Up to 550,000 shares will be placed. The offering will start today (Wednesday, October 27) and is expected to end on November 3. The first day of trading on the Frankfurt Stock Exchange is scheduled for November 10.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, BP Midstream Partners LP ($BPMP), ConocoPhillips ($YCP (-1,23 %)), First Republic Bank ($81R), and KNOT Offshore Partners LP ($KNOP) are trading ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, BASF ($BAS (-0,12 %)), Boeing ($BCO (-0,46 %)), Coca-Cola ($CCC3 (-0,4 %)), Deutsche Bank ($DBK (-1,71 %)), eBay ($EBA (+0,18 %)), DWS Group ($DWS (-0,58 %)), Ford Motor ($FMC1 (+0,74 %)), Fujitsu ($FUJ1 (+0,2 %)), General Motors ($8GM (+1,81 %)), Hitachi ($HIA1 (-2,62 %)), McDonalds ($MDO (-0,31 %)), PUMA ($PUM (-0,32 %)), Santander ($BSD2 (-1,05 %)), The Kraft Heinz Company ($KHNZ (+0,69 %)) and Xilinx ($XIX) presented their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
BASF ($BAS (-0,12 %)) - After strong quarterly figures, BASF raises annual targets again. Thanks to good demand and higher prices, business is going well for the world's largest chemical company. Sales of between 76 and 78 billion euros are now expected. Operating earnings before interest and taxes (EBIT) and special items are also expected to be between 7.5 and 8.0 billion euros. Compared with the same period last year, which was weak due to Corona, sales increased by 42 percent to 19.7 billion euros. BASF reported a profit of 1.25 billion euros. In the previous year, there had been a loss due to depreciation of 2.1 billion euros.
Deutsche Bank ($DBK (-1,71 %)) - The quarterly figures were also positive in the third quarter and the bank was again able to report a profit. However, Deutsche Bank's quarterly profit of 329 million euros is well below that of its competitors. Santander ($BSD2 (-1,05 %)) reported a profit of 2.2 billion and UBS ($UBRA (+0 %)) even posted 2.3 billion euros.
Despite exceeding expectations, investors are disappointed, as revenue stagnated in almost all business areas except asset management, while competitors' results were clearly positive. As a result, the share price fell by around 5%.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
USA - Will US banks soon be able to hold bitcoin and other cryptocurrencies? An inter-agency working group has been formed in the US to develop uniform guidelines that will specifically allow US banks to hold and trade cryptocurrencies. This was revealed in an interview with Jelena McWilliams, chairwoman of the Federal Deposit Insurance Company (FDIC). Furthermore, she specifically believes that banks should be allowed to hold cryptocurrencies and that the guidelines are mainly meant to protect banks and investors. She also stated that she is convinced that the new technology of cryptocurrencies must be brought to the banks, as otherwise this industry will develop on its own and regulatory intervention will thus hardly be possible anymore.
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