UBS Financial News

11.09 / 10:51

Target DAX UBS show country European stocks higher; ECB meeting, U.S. inflation to guide sentiment

Investing.com — European stock markets traded higher Monday, with investors cautiously awaiting the latest policy-setting meeting by the European Central Bank later in the week.

11.09 / 10:35

Provident Target Booking UBS track country UBS to cut hundreds of wealth jobs in Asia as activity slows

UBS Group AG is cutting hundreds of wealth jobs in Asia just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. Switzerland’s largest bank reduced some overlapping roles in the past months and further cuts are expected through November, according to people with knowledge of the matter, who asked not to be identified as the plans are private. The lender is set to eliminate a few hundred roles that include relationship managers in Hong Kong and Singapore, the majority within teams newly acquired from Credit Suisse, the people said. The number of cuts hasn’t been finalized, they said.

11.09 / 00:03

UPS FIVE Solomonic UBS Mind Fashion empire: Lew has Myer on the mind in Premier shake-up

A lot of ink has been spilt on Premier Investments’ planned spin-off of its retail brands, but a relatively small amount on working out how Myer fits into all of this.

10.09 / 18:41

Citi Gap TCS UBS Chanel Inside International luxury brands Proposed tax on international card purchases may drive sale of luxury brands in India

Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now set to get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said. «An Indian consumer earlier used to go abroad and shop in Dubai or London, but when the pandemic happened, many of those brands like Chanel or Hermes called their Indian consumers to do small events inside the store.

10.09 / 16:05

UPS Provident Target BLOCK Mobile Enterprise UBS analyst 4 Huge Analyst Calls: Block Slashed on 'Lack of Catalysts'; Chewy Bumped to Buy

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: a downgrade at Block, an upgrade for Chewy, an Underperform initiation for Cloudflare and an Overweight initiation for Surf Air Mobility

10.09 / 14:11

UPS Lowe's Strategy UBS performer Perpetual Perpetual vote tests mood after fund manager’s humble year

It is less than a month until funds management group Perpetual is due to hold its annual meeting. And, as is customary, its chairman Tony D’Aloisio has been quietly meeting investors and proxy advisers to gauge the mood, and the critical votes on remuneration and director elections.

10.09 / 05:03

Provident Software UBS Telstra Meet Telstra’s advisory line-up for Versent tilt

There was no rest for Telstra’s bankers this weekend as they bunkered down to finalise a bid for Versent, the loss-making cybersecurity play on the market via Goldman Sachs.

09.09 / 02:53

Provident Lowe's UBS show exclusive Shattering Glass Ceilings: Augmenting wealth management for women

By Nita Shivdasani and Mathew Vaidyan

08.09 / 15:35

UPS Lowe's Gap UBS country US dollar falls, but on pace for eight straight weeks of gains; yuan slumps

markets, which have kept the chances of another interest rate increase this year. Despite Friday's fall, the greenback was headed for eight straight weeks of gains, the longest such streak since 2014. «The dollar is benefiting from a return of the U.S. exceptionalism theme,» said Vassili Serebriakov, FX strategist, at UBS in New York, referring to the country's economic outperformance compared to the rest of the world. «The resilient U.S.

08.09 / 14:41

COST UPS UBS show Retailers cut stock, brace for leaner Christmas

Retailers have substantially cut back the amount of stock they are ordering as they brace for a subdued pre-Christmas selling season, in the latest sign households are reining in their spending to cope with cost-of-living pressures and a sharp rise in mortgage repayments.

08.09 / 06:29

COST UPS UBS show Retailers cut stock levels ahead of weaker Christmas

Retailers have cut back on stock ordering to prepare for subdued pre-Christmas spending by households buffeted by cost-of-living pressures, with experts predicting an acceleration of promotions and discounts to entice customers.

07.09 / 19:45

UPS BLOCK UBS Fastenal show Deal KKR KKR deal makers fasten seat belts for Queensland Airports Ltd

Private equity giant KKR is gearing up for a run at a40 per cent stake in Queensland Airport Limited, the owner of airports in Gold Coast, Townsville, Mount Isa and Longreach, which is up for sale via Barrenjoey.

07.09 / 13:17

Lowe's Target CEO UBS Lowe’s performer Stifel analyst 5 big analyst picks: Lowe's picks up fresh buy rating at Stifel

By Davit Kirakosyan

07.09 / 08:41

Lowe's Booking Assurant UBS performer stage Many mortgage prisoners still out there, say brokers

Mortgage brokers warn that a growing number of their clients are stuck in the so-called “mortgage prison” because they are unable to pass serviceability tests at alternative lenders, despite assurances from the prudential regulator that the rules don’t need to change to support competition.

07.09 / 04:01

UBS exits UBS veteran Chris Scott exits

UBS co-head of equities Chris Scott is out. Street Talk understands the UBS veteran exited the Swiss investment bank on Thursday following an internal structural shift.

07.09 / 00:35

UPS Williams CEO Strategy UBS Audiovisual networking biz Audinate raising $50m

Listed audiovisual networking business Audinate was making the most of its post-results rally, putting a $50 million capital raising to listed equities investors on Thursday morning.

06.09 / 15:39

COST Target BLOCK Software UBS FMC analyst 5 big analyst cuts: Block has 'limited upside potential,' per UBS

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Block, Stem, General Mills , FMC, and Agiliti.

06.09 / 13:53

UBS Financial Services Credit Suisse FINMA Swiss CEO of Swiss regulator FINMA resigns over 'high and permanent stress level'

In a statement, Angehrn cited the “high and permanent stress” that came with the role, which he said had led to health consequences.

06.09 / 13:23

Platform Airlines UBS AeroVironment Enbridge Stocks making the biggest moves premarket: Enbridge, Roku, Gitlab and more

Check out the companies making headlines in premarket trading on Wednesday.

06.09 / 12:55

UPS Airlines Software Moderna UBS Roku, Toast, Gitlab and Moderna rise premarket; Southwest Airlines falls

Investing.com — U.S. futures traded marginally lower Wednesday, as higher oil prices and weak global economic data weighed on sentiment.

06.09 / 08:47

UBS companies Credit Suisse Acquisition reports Deal UBS to reopen Credit Suisse-Apollo Global Management M&A deal - reports

UBS executives are concerned with the fees Credit Suisse agreed to pay to Apollo Global Management.

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