$UTDI (-1,21 %) What potential does United Internet have in the long term? Dommermuth hasn't fallen on his head. He is planning his own 5G network and many other things. What else is possible?
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7As every Sunday, the most important news of the last week and the dates of the coming week.
The dates of the coming week also as a video:
https://youtube.com/shorts/uNIsOOcy9J8?feature=share
Monday:
Manufacturing data from China 🇨🇳 comes in slightly better than expected, with a PMI of 49.3 instead of 49.2. However, the reading falls for the fourth month in a row. The value for services falls to the lowest this year. The Chinese economy is cooling down, but everyone is looking at the announced stimulus program.
https://www.cnbc.com/amp/2023/07/31/china-manufacturing-pmi-july-2023.html
Inflation in Europe falls further to 5.3%. This increases the probability that key interest rates in the euro zone have peaked. Experts had expected an inflation rate of 5.2%.
Tuesday:
DHL Group's figures disappoint the markets. Revenue slumped by 16.4%. Quarterly earnings per share slump to 0.80 cents. The markets had expected 0.84 cents. Nevertheless, Deutsche Post raises the profit forecast for the full year a little.
Teamviewer continues to deliver. The company is growing at a double-digit rate and is fully on track to reach the annual forecast. The return on sales is down a little to 41%, but that was expected.
Unemployment figures in Germany are rising again. This comes as less of a surprise, as the economic mood was already poor. Overall, there are 147,000 more unemployed than a year ago. The unemployment rate rose by 0.2 percentage points to 5.7%. At the same time, however, the number of employees subject to social insurance contributions rose to 34.7 million (+253,000). The increase is due solely to skilled workers from abroad. There are still 772,000 jobs advertised, but 108,000 fewer than a year ago.
Wednesday:
Renewed forecast increase from $BOSS (-3,01 %) Hugo Boss. The company is currently simply delivering and remains our biggest winner in the value portfolio. In 2023, sales are already expected to rise up to EUR 4.2 billion. Originally, sales of EUR 4 billion were expected by 2025!
Also $FRE (-0,26 %) Fresenius is also doing better than expected. Three percent more sales with a slightly smaller drop in earnings than expected. However, restructuring costs continue to be incurred.
Overall, however, the markets are down this morning. The reason is that the U.S. has lost its top rating. The rating agency Fitch has #usa given the new credit rating of AA+. The reason is the high debt, as well as regular dispute about the debt ceiling.
For the stock exchanges this is bad news, because the USA could possibly cut spending, which of course also affects companies. It also creates uncertainty in general.
https://amp.focus.de/finanzen/news/finanzen-fitch-entzieht-usa-top-kreditrating_id_200676789.html
Breakthrough for 1&1 and United Internet. $UTDI (-1,21 %) United Internet. A cooperation agreement is signed with Vodafone. Customers will be able to use the Vodafone network in future. Previously, there was a framework agreement with Telefonica. However, this did not include access to 5G. Since the company's own rollout stalled, a new solution was needed. Founder Dommermuth has now delivered it.
Thursday:
$ZAL (+1,5 %) Zalando was able to significantly increase profits in the 2nd quarter due to cost reductions. Sales declined somewhat, but adjusted EBIT was significantly above expectations.
Dow Jones
The $LHA (+0,59 %) Lufthansa achieved a record profit. Earnings in a 2nd quarter have never been so high. The Group raises its forecast. Earnings before interest, taxes and one-off income of EUR 2.6 billion are now expected. The high ticket prices are making Lufthansa's cash register ring.
Also $BEI (-0,46 %) Beiersdorf also raises its forecast. The Consumer segment in particular is doing well. EBIT margin already improved to 17.3% in the 2nd quarter.
Dow Jones
Like the ECB and the Fed, the #BoE also raised interest rates further. Interest rates were also raised by a quarter percentage point. Exciting here is the vote, 6 voted for the quarter percentage point, 2 for half a percentage point and 1 vote went to a pause.
https://amp.cnn.com/cnn/2023/08/03/economy/bank-of-england-uk-interest-rate/index.html
$AMZN (-0,02 %) Amazon with strong numbers, on Prime Day alone it turned over $12.7 billion, in Q2 it was $134.4 billion. In particular, the cloud result is convincing. The net profit of USD 6.7 billion was 100% above expectations.
Also $AAPL (+0,65 %) Apple exceeded expectations. Sales were USD 81.4 billion. The decline was less than expected.
Friday:
$VNA (+2,7 %) Vonovia has to write down less on real estate than in the 1st quarter. The bottom line was a loss of EUR 2 billion. Operating profit from rental increased by 10.3% year-on-year.
German industry surprised with a high increase in orders. A further decline was actually expected, but there was a 7% increase compared with the previous month.
Main dates of the coming week:
Monday: 8:00 Industrial production (DE)
Tuesday: 5:00 Trade Balance (China)
Wednesday: 3:30 Inflation data (China)
Thursday: 14:30 Inflation data (USA)
Friday: 14:30 Producer Prices (USA)
We'll see what form that actually takes. In any case, I see potential for my shares. $UTDI (-1,21 %) shares.
What do you think? Is it a bad sign for the other providers?
EDIT: Note: I am an employee and shareholder, so not neutral.
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗜𝗣𝗢𝘀 🔔
Sono Motors - The company wants to accelerate the solar-powered automotive industry. Their solar-electric car Zion already has 16,000 pre-orders. The vehicles are scheduled to start production in the first half of 2023. So far, the company has posted a loss of $108.8 million, but that is expected to change as deliveries begin.
When it goes public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
Ex-dividend date: American Electric Power ( $AEP (+0,56 %) ), American Water ( $AWC (+3,25 %) ), Dover Motorsports ( $DVD ), Diamondback Energy ( $7DB (+0,53 %) ), Greenbrier Companies ( $G90 (+0,84 %) ), IBM ( $IBM (+1,17 %) ), Matson ( $68M (+3,34 %) ), Matador Resources ( $7MR (+0,95 %) ), Olin Corporation ( $OLN (+3,56 %) ), PPG Industries ( $PPQ (+0,75 %) ), Rollins ( $RLS (+2,65 %) ), Silicon Motion ( $S9M (-2,98 %) ), Tempur Sealy International ( $TPD (+1,4 %) ), WestRock ( $1WR ) and West Pharmaceutical Services ( $WPS (+1 %) ).
𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀 📈
Today 1&1 ( $DRI (-0,69 %) ), About You ( $YOU (-6,6 %) ), Alcon ( $2U3 (+0,47 %) ), Associated British Foods ( $ASBFY ), Bakkafrost ( $6BF (+1,42 %) ), Bayer ( $BAYN (-1,69 %) ), DeNA ( $D2N (+3,63 %) ), Fraport ( $FRA (+2,15 %) ), Gilat Satellite Networks ( $GSA (+0 %) ), Kirin Holdings Company ( $KNBWY ), Manz AG ( $M5Z (+7,45 %) ), Medios AG ( $ILM1 (-1,22 %) ), Münchener Rück ( $MUV2 (-0,5 %) ), Nissan ( $NISA (+0,06 %) ), OVB Holding ( $O4B (+1,02 %) ), Porsche ( $PAH3 (-2,05 %) ), Schaeffler ( $SHA ), Swiss Life ( $SLW1 (+0,52 %) ), United Internet ( $UTDI (-1,21 %) ) and Wienerberger ( $WIB (+0,99 %) ) present their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Ceconomy ( $CEC1 ) - The group wants to expand with its Media Markt and Saturn brands and open 35 department stores. Group CEO Wildberger is pursuing the goal of becoming the first omnichannel platform that combines e-commerce and in-store retail. In doing so, he even wants to compete with Amazon ( $AMZ (-0,02 %) ). During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.
The stores will become smaller and more "smart shops" of 600 to 800 square meters will be built in the city centers, because 33% of the total turnover is already attributable to online trade.
Bayer ( $BAYN (-1,69 %) ) - Bayer was supported by strong demand for seeds and crop protection products as well as over-the-counter medicines in the last quarter. Bayer shares recently rose 2.16 percent to €51.09. There will also be a change at the head of the Crop Science division. Rodrigo Santos will succeed Liam Condon, who terminated his contract early, as COO. In the third quarter, Bayer was able to increase sales for the entire group by almost 15 percent year-on-year to €9.8 billion. In total, the company made a profit of 85 million euros. The profit was depressed by the high costs of restructuring measures.
Elon Musk - The founder of Tesla ( $TL0 (+9,97 %) ), let his fans vote on Twitter whether he should sell ten percent of his Tesla shares. More recently, he has been called upon to pay more taxes to help solve famine problems. Out of just over 3.5 million users, 58 percent voted in favor of a sale. This means that the block of shares to be sold would currently be worth about US$20 billion. Based on this vote, Tesla's share price collapsed by 8.47% to 965.66 euros.
Gazprom ( $SCF ) - After several months of energy crisis and rising prices, the Russian gas company is once again supplying gas to Germany and Austria under pressure from Putin. Gazprom's vice president also said that Russia has no interest in such high gas prices, as it would accelerate the transition to renewable energy in Europe.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
The crypto-currency market's gold rush - Last night, the two leading crypto-currencies Bitcoin ( $BTC-EUR (+0,47 %) ) and Ethereum ( $ETH-USD (+0,7 %) ) were able to reach new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This brings its market capitalization to $1.28 trillion, with bitcoin managing to leave Tesla ( $TL0 (+9,97 %) ) behind it. Ethereum followed Bitcoin and also hit a new all-time high of $4,857.25. Successes like these have been evident in the market in recent weeks. For example, Cardano ( $ADA-USD (+4,02 %) ), Ethereum's competitor, gained 12 percent overnight, and Litecoin ( $LTC-EUR (+1,14 %) ), which had long been treading water, rose 20.3 percent in one day. This very strong performance, which can be seen across all crypto-currencies, led to the total market capitalization of all crypto-currencies crossing the US$3 trillion mark for the first time.
Shiba Inu- The co-founder and creator of Dogecoin, the origin of all
"meme coins" explicitly distanced himself from Shiba Inu on Sunday. He also stressed that he himself was not the holder of the coin. Before that, various theories have been circulating that he might be involved in the project.
🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗦𝗼𝗹𝗮𝗿-𝗔𝘂𝘁𝗼 / 𝗔𝗺𝗮𝘇𝗼𝗻𝘀 𝗻𝗲𝘂𝗲𝗿 𝗞𝗼𝗻𝗸𝘂𝗿𝗿𝗲𝗻𝘁 / 𝗕𝗮𝘆𝗲𝗿𝘀 𝗕𝗹𝗶𝗰𝗸 𝗮𝘂𝗳 𝗚𝗲𝘄𝗶𝗻𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗺𝗮𝗿𝗸𝘁 𝗶𝗺 𝗚𝗼𝗹𝗱𝗿𝗮𝘂𝘀𝗰𝗵
𝗜𝗣𝗢𝘀 🔔
Sono Motors - The company aims to accelerate the solar-powered automotive industry. Their Sion solar-electric car already has 16 thousand pre-orders. Production of the vehicles is expected to start in the first half of 2023. So far, the company has made a loss of $108.8 million, but this is expected to change as deliveries begin.
In going public, Sono Motors plans to issue 10 million shares at a price of $14 to $16.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, among others, American Electric Power ($AEP (+0,56 %)), American Water ($AWC (+3,25 %)), Dover Motorsports ($DVD), Diamondback Energy ($7DB (+0,53 %)), Greenbrier Companies ($G90 (+0,84 %)), IBM ($IBM (+1,17 %)), Matson ($68M (+3,34 %)), Matador Resources ($7MR (+0,95 %)), Olin Corporation ($OLN (+3,56 %)), PPG Industries ($PPQ (+0,75 %)), Rollins ($RLS (+2,65 %)), Silicon Motion ($S9M (-2,98 %)), Tempur Sealy International ($TPD (+1,4 %)), WestRock ($1WR) and West Pharmaceutical Services ($WPS (+1 %)) traded ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, among others, 1&1 ($DRI (-0,69 %)), About You ($YOU (-6,6 %)), Alcon ($2U3 (+0,47 %)), Associated British Foods ($ASBFY), Bakkafrost ($6BF (+1,42 %)), Bayer ($BAYN (-1,69 %)), DeNA ($D2N (+3,63 %)), Fraport ($FRA (+2,15 %)), Gilat Satellite Networks ($GSA (+0 %)), Kirin Holdings Company ($KNBWY), Manz AG ($M5Z (+7,45 %)), Medios AG ($ILM1 (-1,22 %)), Munich Re ($MUV2 (-0,5 %)), Nissan ($NISA (+0,06 %)), OVB Holding ($O4B (+1,02 %)), Porsche ($PAH3 (-2,05 %)), Schaeffler ($SHA), Schloss Wachenheim AG ($SWA (+0,33 %)), Swiss Life ($SLW1 (+0,52 %)), United Internet ($UTDI (-1,21 %)) and Wienerberger ($WIB (+0,99 %)) presented their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Ceconomy ($CEC (+0,81 %)) - The Group plans to expand with its Mediamarkt and Saturn brands and open 35 large stores. Group CEO Wildberger is pursuing the goal of becoming the leading omnichannel platform, combining e-commerce and bricks-and-mortar retail. In doing so, he even wants to compete with Amazon ($AMZ (-0,02 %)) to compete. During Corona, Ceconomy was already able to significantly improve logistics and thus shorten delivery times.
The stores are to become smaller and more "smart stores" with 600 to 800 square meters are to be built in the city centers, as 33% of total sales are already attributable to online retailing.
Bayer ($BAYN (-1,69 %)) - tailwinds provided Bayer with high demand for seeds and crop protection products as well as over-the-counter medicines in the past quarter. Bayer shares recently rose 2.16 percent to 51.09 euros. There will also be a change at the top of the Crop Science division. Rodrigo Santos will take over as COO from Liam Condon, who terminated his contract early. Bayer increased Group-wide sales in the third quarter by nearly 15 percent year-on-year to 9.8 billion euros. The Group posted a total profit of 85 million euros. Profits were depressed by high costs for restructuring measures.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
Crypto market in gold rush - Last night, the two leading cryptocurrencies Bitcoin ($BTC-EUR (+0,47 %)) and Ethereum ($ETH-USD (+0,7 %)) reached new all-time highs. Bitcoin was able to set the mark now at $68,642.00 with a daily increase of almost 5%. This puts its market capitalization at $1.28 trillion, which means bitcoin managed to outpace Tesla ($TL0 (+9,97 %)) behind it. Ethereum followed Bitcoin's lead and also set a new all-time high of $4,857.25. Successes like these have been evident across the market in recent weeks. For example, Ethereum competitor Cardano ($ADA-USD (+4,02 %)) gained 12% overnight, or even Litecoin ($LTC-EUR (+1,14 %)) was able to grow by 20.3% in one day. This very strong performance, which can be seen across all cryptocurrencies, led to the total market capitalization of all cryptocurrencies breaking through the 3 trillion US dollar barrier for the first time.
Follow us for french content on @MarketNewsUpdateFR
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗜𝗣𝗢𝘀 🔔
Stepstone - Axel Springer ( $AXELF ) wants to continue preparations for the IPO of job portal Stepstone. Goldman Sachs ( $GOS (+2,22 %) ) and Morgan Stanley ( $DWD (+1,35 %) ) have been chosen to lead the transaction, which could take place in the second quarter of 2022. Under the offer, Stepstone could be valued at around seven billion euros. This would correspond to 25 times the operating profit (EBITDA) of around 300 million euros expected for 2023. The job portal's business has been doing very well recently and has been able to post annual growth of 20 percent over the past ten years.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
Ex-dividend date: Apple Inc ( $APC (+0,65 %) ), AmeriServ Financial Inc ( $ASRV ), Brink's ( $PTY (-0,27 %) ), Clarus ( $BDO (-6,14 %) ), Core Laboratories ( $CEI ), Federated Hermes ( $3KC (+0 %) ), First Interstate BancSystem ( $4FB (+1,32 %) ), W. W. Grainger ( $GWW (+1,93 %) ), Janus Henderson ( $HDJA ), Lazard ( $LAZ ), Louisiana Pacific ( $LP3 (+3,4 %) ), US Steel ( $USX1 (-1,06 %) ) and Xilinx ( $XIX ).
𝗖𝗵𝗶𝗳𝗳𝗿𝗲𝘀 𝘁𝗿𝗶𝗺𝗲𝘀𝘁𝗿𝗶𝗲𝗹𝘀📈
Today 11880 Solutions ( $TGT (+1,2 %) ), Andritz AG ( $AZ2 (-1,62 %) ), Amadeus IT Group ( $AI3A (+0,24 %) ), Asahi Kasei ( $ASAA (+0,77 %) ), Berkshire Hathaway ( $BRYN (+1,54 %) ), Data Modul ( $DAM (-1,38 %) ), GS Yuasa ( $G9Y (+0,5 %) ), Honda ( $HDMA (-2,33 %) ), Johnson Controls ( $TYIA (+3,59 %) ), Kikkoman ( $KIK (-0,47 %) ), Kobe Steel ( $KST (-0,17 %) ), Krones AG ( $KRN (+0,5 %) ), Mitsubishi ( $MBI (-1,27 %) ), Nippon Paper Industries ( $9NI (-2,73 %) ), Olympus ( $OCPNY ), Rheinmetall ( $RHM (+1,63 %) ), Sempra Energy ( $SE4 (+2,78 %) ), TLG Immobilien ( $TLG ) and Uniper ( $UN01 ) present their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
United Internet ( $UTDI (-1,21 %) ) - Ralph Dommermuth wants to buy United Internet for 35 euros per share. This means that he would own more than half of the Internet group. The manager wants to acquire 17 million United Internet shares, either via an existing company or via a new company he controls. The share price, which was close to 37 euros in September, had fallen by about 5 euros by the end of October. United Internet had announced in mid-September that it wanted to end the share buyback prematurely due to low trading volumes. However, it is still unclear whether Dommermuth will actually buy the company.
Platoon ( $2ON (+11,28 %) ) - The surplus demand for exercise bikes due to Corona's crisis is over. Last quarter, the fitness equipment maker posted a $376 million loss. That forced Peloton to lower its revenue forecast for the current year and subscriber growth. Investors reacted immediately, and the stock dropped about 33% within a day.
Varta ( $VAR1 (-0,64 %) ) - The battery maker lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the stock price fell about 19%.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
New York City - New York City's new (Democratic) mayor, Eric Adams, discussed in an interview, a day after his official election, his plan to introduce a coin for the city. This is supposed to be one of the first steps in transforming New York into a crypto-currency-friendly city. In addition, he announced that he wants to receive his first 3 salaries in the form of crypto-currencies. He has also already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards crypto-currencies and who last week also requested that his salary be paid 100% in bitcoins. Miami already has its own City Coin, which is indeed very popular. Francis and Adams have now decided to engage in a friendly competition to see which of the two cities can show the most progress in the crypto space. Adams' goal is for New York to maintain its reputation as the financial capital of the crypto-currency era.
Commonwealth Bank ( $CWW (-1,08 %) ) - Australia's largest bank said the day before that they are working to make bitcoin and other crypto-currencies tradable for their customers in the coming weeks. In addition, they said that they also want to offer their customers to store crypto-currencies for them. Initially, only Bitcoin ($BTC-EUR), Bitcoin Cash ($BCH-EUR), Ethereum ($ETH-USD) and Litecoin ($LTC-EUR) will be available. The implementation will be done in collaboration with Gemini, a U.S.-based company specializing in crypto asset custody. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.
🤜🏼🤜🏼🤜🏼 @MarketNewsUpdate
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗦𝘁𝗲𝗽𝘀𝘁𝗼𝗻𝗲𝘀 𝗜𝗣𝗢 / 𝗘𝗹𝗲𝗸𝘁𝗿𝗼𝗿𝗮𝗱 𝗶𝗺 𝗞𝗲𝗹𝗹𝗲𝗿 / 𝗟𝗲𝗲𝗿𝗲 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲 / 𝗚𝗲𝗵𝗮𝗹𝘁 𝗶𝗻 𝗞𝗿𝘆𝗽𝘁𝗼
𝗜𝗣𝗢𝘀 🔔
Stepstone - Axel Springer ($AXELF) wants to push ahead with preparations for an IPO of the job ad portal Stepstone. Goldman Sachs ($GOS (+2,22 %)) and Morgan Stanley ($DWD (+1,35 %)) have been selected to lead-manage the transaction, which could take place in the second quarter of 2022. The issue could value Stepstone at around EUR seven billion. This would correspond to 25 times the operating profit (EBITDA) of around EUR 300 million expected for 2023. The job portal's business has been going very well recently and it has been able to show annual growth of 20 percent over the last ten years.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, Apple Inc. ($APC (+0,65 %)), AmeriServ Financial Inc. ($ASRV), Brink's ($PTY (-0,27 %)), Clarus ($BDO (-6,14 %)), Core Laboratories ($CEI), Federated Hermes ($3KC (+0 %)), First Interstate BancSystem ($4FB (+1,32 %)), W. W. Grainger ($GWW (+1,93 %)), Janus Henderson ($HDJ), Lazard ($LAZ), Louisiana Pacific ($LP3 (+3,4 %)), US Steel ($USX1 (-1,06 %)) and Xilinx ($XIX) traded ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, among others, 11880 Solutions ($TGT (+1,2 %)), Andritz AG ($AZ2 (-1,62 %)), Amadeus IT Group ($AI3A (+0,24 %)), artnet ($ART (+0 %)), Asahi Kasei ($ASAA (+0,77 %)), Berkshire Hathaway ($BRYN (+1,54 %)), Chiyoda Kakō Kensetsu ($CYA (+1,46 %)), Data Modul ($DAM (-1,38 %)), GS Yuasa ($G9Y (+0,5 %)), Honda ($HDMA (-2,33 %)), Johnson Controls ($TYIA (+3,59 %)), Kikkoman ($KIK (-0,47 %)), Kobe Steel ($KST (-0,17 %)), Krones AG ($KRN (+0,5 %)), Mitsubishi ($MBI (-1,27 %)), Nippon Paper Industries ($9NI (-2,73 %)), Olympus ($OCPNY), Rheinmetall ($RHM (+1,63 %)), Sempra Energy ($SE4 (+2,78 %)), TLG Immobilien ($TLG) and Uniper ($UN01) presented their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
United Internet ($UTDI (-1,21 %)) - Ralph Dommermuth aims to take over United Internet for EUR 35 per share. This would give him more than half of the Internet group. The manager would like to acquire 17 million United Internet shares either via an existing company or a newly founded one controlled by him. The share price of almost EUR 37 in September had fallen by around EUR 5 by the end of October. United Internet had announced in mid-September that it intended to end its share buyback prematurely due to low trading volumes. However, it is still uncertain whether Dommermuth's purchase will actually take place.
Peloton ($2ON (+11,28 %)) - The upswing of exercise bikes due to the Corona crisis is over. In the last quarter, the fitness equipment manufacturer posted a loss of $376 million. In the wake of that, Peloton lowered both its expected revenue for the current fiscal year and its subscriber growth. Investors reacted immediately and the stock fell by about 33% in the course of one day.
Varta ($VAR1 (-0,64 %)) - The battery company lowered its sales forecast for the current fiscal year due to production difficulties at some suppliers. In response, the share slumped by around 19%.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
New York City - New York Mayor-elect (Democrats) Eric Adams spoke in an interview a day after his official election about his plans to introduce a City Coin for the city. This is said to be one of the first steps in transforming New York into a crypto-friendly city. Furthermore, he announced that he wants to receive his first 3 paychecks in the form of cryptocurrencies. He also said that he has already met with Miami Mayor Francis Suarez, who is known for his positive attitude towards cryptocurrencies and also called for his salary to be paid 100% in Bitcoin last week. Miami already has its own City Coin, which is indeed very popular. Francis and Adams now decided to try a friendly competition to see which of the two cities can show greater progress in the crypto space. Adams' goal is for New York to continue to maintain its reputation as a financial capital in the age of cryptocurrencies.
Follow us for french content on @MarketNewsUpdateFR
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