[ad_1]
34 Mins Ago
Schott Pharma shares trade around 30 euros in debut, above listing price
Schott Pharma debuted on the Frankfurt stock exchange on Thursday at 30 euros per share, trading well above analyst expectations. Shares of the company were up 10% in the first minutes.
See Chart…
Schott Pharma share price.
The medical vial manufacturer set its final offer price at 27 euros ($28.37) per share Wednesday, after the company announced a range of between 24.50 and 28.50 euros on Sept. 18, giving it a valuation of up to 4.1 billion euros.
The full story can be found here.
— Hannah Ward-Glenton
An Hour Ago
European markets open choppy
European markets opened choppy Thursday, reversing negative momentum seen for much of the week.
The pan-European Stoxx 600 index opened 0.1% higher, with sectors spread across positive and negative territory. Travel and leisure stocks were down 0.8%, while oil and gas made the biggest gains, up 0.8%.
— Hannah Ward-Glenton
7 Hours Ago
CNBC Pro: UBS downgrades stock of a company with 400,000 workers — thanks to ‘significant uncertainty’ from AI
UBS has downgraded the shares of a company, which has around 400,000 customer service agents worldwide, over the “significant uncertainty” it faces from the rise of artificial intelligence.
The investment bank downgraded its rating on the stock from “buy” to “neutral,” citing concerns that new AI tools could significantly disrupt the customer experience industry that the company dominates.
CNBC Pro subscribers can read more here.
— Ganesh Rao
7 Hours Ago
CNBC Pro: Morgan Stanley names the global stocks set to be ‘disadvantaged’ from rising yields
4 Hours Ago
European markets: Here are the opening calls
European markets are expected to open higher Thursday.
The U.K.’s FTSE 100 index is expected to open 20 points higher at 7,600, Germany’s DAX up 48 points at 15,259, France’s CAC up 4 points at 7,072 and Italy’s FTSE MIB up 73 points at 28,085, according to data from IG.
On the data front, preliminary inflation data for Germany and Spain in September are due, as well as Italian consumer confidence for the same month. There are no major earnings.
— Holly Ellyatt
[ad_2]
Source link