Valvoline

Valvoline $VVV (-0,97%) has entered into a strategic partnership with Franchise Equity Partners (FEP) announced. This partnership is designed to support the growth of franchisees and help them secure capital for expansion and business development. FEP will provide investments of up to 100 million US dollars, focusing on strategic projects. The aim is to strengthen Valvoline's network and provide franchisees with greater financial flexibility.

However, the partnership and weak forecasts for 2025 were not received so positively by the market, with the share price falling by around 7%.

You can find more information in the full article on StockTitan.

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy. No advice.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗡𝗲𝘂𝗲 𝗩𝗶𝗿𝘂𝘀𝘃𝗮𝗿𝗶𝗮𝗻𝘁𝗲 / 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗔𝗚-𝗩𝗲𝗿𝗸𝗮𝘂𝗳 / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗯𝗲𝘀𝘀𝗲𝗿 𝗮𝗹𝘀 𝗣𝗮𝘆𝗣𝗮𝗹

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, Assurant Inc. ($AIZ (+0,54%)), Atmos Energy Corp ($ATO (+0,59%)), Lumen Technologies ($LUMN (+2,2%)), Lyondell ($LYB (+0,17%)), Northrop Grumman ($NOC (+0,56%)), The Scotts Miracle-Gro Company ($SMG (-0,82%)) and Valvoline ($VVV (-0,97%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Pinduoduo ($PDD (-1,08%)) presents its figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Lufthansa ($LHA (+0,34%)) - Despite a newly discovered virus variant in South Africa, Germany's Lufthansa is maintaining flight connections to the virus variant area for the time being. The situation is being intensively monitored and all legal requirements and rules are being adhered to, a Lufthansa spokesman said. Due to the upgrading of the country to a virus variant area, airlines are only allowed to carry German citizens to Germany. The share slipped 13.39 percent to 5.37 euros in the meantime.

Software AG ($SOW) - Software AG is apparently looking into a possible sale. The software company had hardly grown in recent years and is now undergoing a far-reaching restructuring. The company is trying to change its business model to the subscription model that is common in the industry. A sale would also only come about if the foundation set up by the company's founder Peter Schnell, which holds more than 30 percent of the company, agrees to it. In the meantime, the share price rose by 7 percent to 38.19 euros.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC (-0,01%)) - Bitcoin overtakes PayPal ($PYPL (+0,27%)) and is already processing more volume by dollar value. Now Mastercard is being targeted. According to a report by Blockdata, the Bitcoin network processed about $489 billion per quarter in 2021, which is 187 billion more than PayPal's revenue. Mastercard could be overtaken as early as 2026, according to the report, if the total number of transactions, the average amount of Bitcoin sent per transaction, and Bitcoin's price growth continue to rise as they have.

Follow us for french content on @MarketNewsUpdateFR