𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝐂𝐡𝐫𝐨𝐧𝐞𝐱𝐭 𝗽𝗹𝗮𝗻𝘁 𝗜𝗣𝗢 / 𝗩𝗪 𝘄𝗶𝗹𝗹 𝗭𝘂𝗹𝗶𝗲𝗳𝗲𝗿𝗲𝗿 𝗲𝗻𝘁𝗺𝗮𝗰𝗵𝘁𝗲𝗻 / 𝗡𝗙𝗧-𝗥𝗲𝗸𝗼𝗿𝗱𝗮𝘂𝗸𝘁𝗶𝗼𝗻
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
Starting today, Hewlett Packard Enterprise ($2HP (-1,78 %)), UnitedHealth Group ($UNH (-2,51 %)) and Cato Corporation ($CO2A (+1,29 %)) are trading ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, Kroger ($KOG (-1,36 %)), Ellaktor ( $HLL (+0,14 %) ) CP Student Living ($DIGS) and J D Wetherspoon ($JDWPY) will present their quarterly results.
𝗜𝗣𝗢𝘀 🔔
Indian road construction company Markolines Traffic Controls plans to go public next week on September 15. The company, which has been in existence since 2002, plans to use the newly generated capital to further expand its own already very strong position in the national market. India has the second largest road network in the world with a total of 6.21 million kilometers.
𝐂𝐡𝐫𝐨𝐧𝐞𝐱𝐭 - German luxury watch platform Chronext announced today that it will soon go public. According to Handelsblatt, the online retailer expects to raise around 230 million euros in capital through the IPO. This new capital is also mainly intended to accelerate the company's international growth. However, according to founder Philipp Man, the focus is not only on the capital increase, because for him the IPO also contributes very strongly to brand building. The IPO is expected to take place in the 4th quarter of the year.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Volkswagen ($VOWB (-0,51 %)) - Germany's largest automaker plans to strip its largest suppliers Bosch, ZF and Conti of their power. For several years, German automakers have no longer spearheaded automotive software. Companies like Tesla ($TL0 (+1,07 %)) have taken the lead here. The reason given for the German automotive companies' lagging role is their dependence on their suppliers. These were responsible for any innovations in the software sector, and companies like VW merely implemented the new technology. This process is now set to change. The managing director of the VW software subsidiary Cariad announced in an interview with the Handelsblatt that in the future VW will declare the development of new techniques. Suppliers who refuse to comply with these demands are to be parted with as quickly as possible as a result.
Microsoft founder Bill Gates and his investment company Cascade acquire a majority stake in the luxury hotel chain Four Seasons for around 2.2 billion US dollars. This increases his share from 50% to 71%, giving him sole majority control and thus decision-making authority over the chain.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
𝗡𝗙𝗧-𝗥𝗲𝗸𝗼𝗿𝗱 𝗔𝘂𝗸𝘁𝗶𝗼𝗻 - The NFT auction organized by the renowned auction house Sotheby's ended last night with a record value. Up for bid were 101 NFTs (Non-Fungible Tokens) from the collection of the Bored Ape Yacht Club (BAYC). Sotheby's previous price estimates of between $14 million and $18 million were far exceeded by the final auction price of $24.4 million. BAYC's NFT collection, which consists of 10,000 different images of monkeys with a wide variety of attributes, is considered one of the most sought-after on the market. The floor price (cheapest traded price) of the collection is 33 ETH (~$111,865) at the time of writing this report.
