initiates

HSBC reports 10% increase in profits for third quarter and initiates $3 billion share repurchase program according to Reuters

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HSBC reports 10% increase in profits for third quarter and initiates billion share repurchase program according to Reuters

HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more

Berenberg initiates coverage of AutoStore stock, noting appealing valuation at 11x 2025 EV/EBITDA according to Investing.com

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Berenberg initiates coverage of AutoStore stock, noting appealing valuation at 11x 2025 EV/EBITDA according to Investing.com

AutoStore Holdings Ltd (AUTO:NO) received a Buy rating from Berenberg on Monday, with a price target of NOK15.00. Berenberg highlighted AutoStore’s leading position in the global market for cubic storage solutions. These automated storage and retrieval systems (AS/RS) are used in warehouses and logistics centers to improve efficiency and storage capacity. AutoStore’s cubic storage solutions … Read more

Democratic Party initiates advertising campaign targeting 30 universities

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Democratic Party initiates advertising campaign targeting 30 universities

The Democratic National Committee is launching a new campaign aimed at increasing early voting among college students. This campaign, which is one of the DNC’s largest efforts ever to engage young people and student voters, will involve a budget of approximately $500,000. The goal is to encourage students to vote early and support Democratic candidates … Read more

Israeli airstrike results in 33 deaths in Gaza refugee camp while Hizbollah initiates rocket assault

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Israeli airstrike results in 33 deaths in Gaza refugee camp while Hizbollah initiates rocket assault

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over thirty people lost their lives in an airstrike on the Jabalia refugee camp on Saturday, as Israel continued its aggressive offensive in northern Gaza following the killing of Hamas leader Yahya Sinwar. According to … Read more