UBS Financial News
13.07 / 07:29
Progressive
Aware
Strategy
Forrester
UBS
RIO
Forrest split ‘won’t destroy’ Fortescue, investors say
Big investors in Fortescue Metals said the miner can sail through the breakdown of executive chairman Andrew Forrest’s marriage and the subsequent ownership reshuffle that has given Nicola Forrest control of the single biggest Fortescue stake.
13.07 / 06:45
Aware
UBS
exits
State Street’s insto sales, trading head exits
There’s movement on State Street’s institutional equities desk. Sydney-based David Hunter, who headed sales and trading for State Street Global Markets’ local institutional equities desk, has left after 12 years.
12.07 / 22:29
Provident
Maxim
Career
Platform
Strategy
Align
UBS
Wells Fargo loses $145 million advisor to LPL
LPL Financial has announced yet another financial advisor joining its platform. David W. Rodgers has joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligning with Independent Advisor Group, and comes with $145 million in advisory, brokerage and retirement plan assets.
12.07 / 18:13
COST
UPS
Career
UBS
After years going solo, Edward Jones advisors now sharing offices
Giant retail brokerage Edward Jones’ decision last year to give its financial advisors more flexibility to work in ways other than its tried and tested, one-advisor, one-office model has spurred 700 financial advisors, or more than 3%, to combine and work in bigger offices, an Edward Jones executive said.
12.07 / 13:15
12.07 / 13:03
UPS
Target
HSBC
UBS
Support
Bank of England says UK banks are resilient enough to offer struggling households support
The Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global ...
12.07 / 12:41
12.07 / 11:55
COST
CEO
Enterprise
UBS
Incitec Pivot confirms fertilisers approach
Incitec Pivot confirmed its fertilisers business has been the subject of unsolicited interest from potential buyers amid doubts over whether its plan to spin-off the asset into a standalone company will succeed.
12.07 / 11:55
12.07 / 11:17
UBS
UBS unveils markets leadership team, delays promotions as Credit Suisse integration continues
UBS has named new leadership for it sales and trading business as it continues to integrate key Credit Suisse units after its historic merger, but has also delayed investment banking promotions until the end of July.
12.07 / 08:33
Lowe's
Target
Digital
Booking
UBS
valuations
UBS assumes negative view on cement sector amid rising competition, expensive valuations; downgrades UltraTech, Ambuja
ACC, Ambuja Cement and Dalmia Bharat declined on Wednesday after foreign brokerage firm UBS assumed coverage of India’s cement sector with a negative outlook. Going against the consensus view, UBS has this contrarian negative outlook of cement stocks on the back of rising competition and expensive valuations.
12.07 / 08:33
Reuters
Digital
Strategy
UBS
AXA
Patrick
Swiss
Insurer Swiss Re nominates new chairman after Sergio Ermotti resigns to lead UBS
leadership role at UBS. The reshuffling of positions is a result of the ongoing aftermath of the Swiss authorities' intervention to rescue Credit Suisse through a shotgun merger with UBS, leading to new management taking charge. Jacques de Vaucleroy, a Belgian executive who previously held management positions at French insurer AXA and Dutch bank ING, has been serving as the acting chairman since Ermotti stepped down in April.
12.07 / 01:09
UPS
Career
TikTok
UBS
PayDay
Overwatch
Morning Coffee: Junior banker's dismay as 27-year-old receives $70m for 2 years. Credit Suisse due for massive cuts in style of UBS in 2012
If you went into bankingfor the money, you may have made a mistake. You could have made more (particularly this year), playing video games instead.
11.07 / 19:31
Limelight
UBS
analysts
NOT
It’s not you - analysts really are getting younger
Equities research teams seldom share the limelight with their dealmaking investment banking colleagues who bring in the fees. But new research has shone a light on how to identify the best analysts in an often unheralded industry, which has fallen victim to changing regulation, leaner resources, and a dearth of experienced talent.
11.07 / 19:31
COST
UPS
Strategy
Enterprise
UBS
Selamat datang! Asian SOE seeks to spoil Incitec’s fertiliser spin-off
There’s nothing like a struggling demerger on the home front to pique the interest of a cashed-up offshore investor.
11.07 / 16:31
Platform
UBS
Adventure
NHL
Credit Suisse investor makes Monumental investment in NBA, NHL teams
When U.S. investors like Chicago-based Harris Associates started bailing from troubled Credit Suisse earlier this year, one giant global investor doubled its holdings to become the bank’s second-biggest shareholder after the Saudi National Bank.
11.07 / 16:31
11.07 / 09:51
UPS
UBS
Everest
Shell
Rio hunts in the outback for lithium
Rio Tinto will redouble efforts to find hard rock lithium in the Western Australian outback, after confirming it would extend an exploration partnership near the town of Sandstone for the third time in two years.
11.07 / 07:55
UPS
Provident
Target
Booking
CEO
UBS
Reliance Industries
Time
Reliance Industries shares close to all-time high. What should traders do?
Reliance Industries, on Tuesday, continued to rally for the second straight day today taking it within kissing distance of its all-time high level of Rs 2,856.15 touched on April 29, 2022. During the day, RIL shares touched a new 52-week high of Rs 2,764.50 after ending Monday's session with a jump of 3.78%. Up over 17% in the last 3 months, Reliance stock has had a good run for the past few weeks but is still trading in a broad-based consolidation range, which will break out only above Rs 2,850 level.
11.07 / 01:37
Twitter
CEO
Platform
Matthews
UBS
SpaceX
Meta Ceo
elon
There is only one Twitter: CEO Linda Yaccarino as platform sees largest usage day; Elon Musk reacts, says THIS
ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform that is seen by analysts as the first serious threat to the Elon Musk-owned microblogging app. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study.
10.07 / 20:33
UPS
Twitter
NASDAQ
DOW
UBS
week
inflation data
Stock market today: Dow starts week on solid footing ahead of key inflation data
Investing.com — The Dow closed higher Monday, rebounding from a slip last week as investors awaited key economic data due later this week expected to show a slowdown in inflation ahead of the Federal Reserve's monetary policy meeting later this month.
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