UBS Financial News

24.07 / 04:25

COST UPS Career Citigroup UBS The great M&A slump is shaking up giants of investment banking

Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc.

24.07 / 02:09

UPS Citi Target Booking JPMorgan UBS country Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times

BEIJING – International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.

23.07 / 09:13

UPS Citi Strategy Enterprise UBS advisers Pupuk gets serious about Incitec Pivot; hires advisers

It’s one of the largest players in the sector in Asia, and now Pupuk Indonesia appears to be getting serious about Incitec Pivot’s fertiliser business.

23.07 / 09:13

IPO Manufacturing Chase UBS Molycop kicks off Aussie IPO roadshow; FY23 $US185m earnings forecast

Eat your heart out Virgin – it’s Molycop’s turn to strut its stuff.

21.07 / 09:33

Target UBS controversy analyst 4 big analyst picks: AB InBev earns an upgrade amid Bud Light controversy sell-off

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: initiation at Freshworks, upgrades at Anheuser-Busch InBev, XP, and Olo.

21.07 / 08:35

COST UPS Target Progressive JPMorgan UBS Japan's govt sees inflation sharply exceeding BOJ target

(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase (NYSE:JPM) in paragraph 5)

21.07 / 07:55

UPS Tesla UBS country electronic boost China's steps to boost sales of cars, electronics disappoint market

BEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus.

20.07 / 21:03

COST IPO Target Airlines ICE UBS Bain Capital’s IPO candidate Virgin Australia mulls corporate job cuts

Redundancies are on the cards at the Brisbane headquarters of Bain Capital’s big IPO candidate Virgin Australia. The airline is preparing to haul in its general managers and issue an exit target for their respective business lines. Managers will be given several weeks to generate a plan.

20.07 / 09:25

Provident UBS exclusive Takeover Down to the wire at TPG’s InvoCare takeover

Much ado about nothing at InvoCare, the listed funeral home operator currently in the sights of private equity giant TPG.

20.07 / 08:47

UPS Provident UBS Arrow show Deal Billionaire Bastas buys out pharma partners in $1b deal; UBS on hand

Billionaire businessman Dennis Bastas is closing in on full control of the two pharmaceuticals groups he jointly owns with Canada’s wealthy Sherman family, in what’s understood to be a $1 billion deal.

19.07 / 23:37

UPS Provident Target UBS performer fall BHP iron ore sales, targets fall short

BHP has hosed down expectations for its iron ore division by providing weaker production guidance for the 2024 financial year than many analysts had expected.

19.07 / 15:35

UPS Target Platform UBS show Meta Platforms leads way for UBS Internet stocks ahead of earnings

UBS analysts indicated that the firm is positive on Meta Platforms (NASDAQ:META) into its upcoming earnings release, while they also raised the price target for Snap (NYSE:SNAP) to $14 from $10 in a note Wednesday.

18.07 / 23:19

Target FIVE UBS RIO Rio Tinto aims for ‘upper half’ of iron ore target

Rio Tinto’s iron ore division has achieved its most productive first-half in five years, putting the miner on track for delivering at the top end of its guidance range.

18.07 / 19:01

Target Microsoft JPMorgan UBS Celanese Shopify Activision analyst 4 big analyst cuts: Shopify now 'less compelling'; Activision gets 3 downgrades

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: Downgrades at Shopify, Activision Blizzard, State Street, and Celanese.

18.07 / 11:09

Telegram Action UBS London hedge fund adding from Goldman Sachs, Citadel, KPMG

You might think it’s just the big multistrategy hedge funds – Citadel and Millennium and others – that are adding people this year, but it’s really not; even the small funds are joining in on the action. We’ve spotted a number heading to Bell Rock Capital Management, a 50-strong team in London, this year.

18.07 / 11:09

BLOCK Career JPMorgan Strategy UBS CBOE VIX Credit Suisse trader who left in March only just joined JPMorgan

Credit Suisse people have been leaving the bank for a long time. But that doesn’t mean they’re itching to jump onto the next stages of their careers.

18.07 / 10:43

Provident Target FIVE JPMorgan Pool UBS Goldman Sachs: Australia’s ultra-rich are Asia’s ‘biggest opportunity’

Goldman Sachs is doubling the number of advisers in its local private banking arm after identifying the country’s 400 wealthiest families as one of the “biggest opportunities” in Asia.

18.07 / 10:43

COST Manufacturing Software Enterprise UBS Warning Ansell shares plummet on glove glut, earnings warning

Gloves maker Ansell has warned a glut of unsold products following the coronavirus pandemic has now spread to surgical items, causing distributors to cut back on their orders.

18.07 / 10:33

UBS Credit Suisse to cut 80 London investment bankers as layoffs start

Credit Suisse has told London investment bankers that it will cut 80 roles by the end of July as the Swiss bank kicks off what are expected to be deep layoffs.

18.07 / 01:55

UPS Target FIVE UBS Discount giant Dollarama seeks bargain at The Reject Shop

Despite economic headwinds, there’s been no lack of activity in the local retail sector. And profit warnings from some of the country’s highest-profile brands – from Harvey Norman to Best & Less and Adairs – have not dulled interest in Australia from one major overseas retailer, Canada’s Dollarama, a Montreal-headquartered discount chain.

18.07 / 01:55

Citigroup HSBC PwC UBS Wirecard audit UBS hands EY one of biggest audit deals in global banking

London | UBS executives have chosen EY for one of the world’s most lucrative banking audit contracts after deciding to retain the big four firm following the bank’s takeover of Credit Suisse.

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