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Wizz Air faces significant challenges due to ongoing engine issues, with 42 aircraft grounded and a projected operating profit drop of 61.7% for the financial year ending March 31. Despite these setbacks, the airline plans to add 50 new aircraft while managing its financial position and aiming for a more resilient future. The CEO remains optimistic about reducing grounded aircraft and enhancing market share as new deliveries from Airbus are expected.
Belgian intelligence has wiretapped a corporate box at Anderlecht's stadium, where Huawei lobbyists allegedly sought to bribe European Parliament members. The investigation, which began in March, has led to requests for lifting the immunity of several MEPs, though none have been charged. Huawei denies any wrongdoing, emphasizing its commitment to legal compliance.
Crypto.com has appointed former IG Group CEO Kevin Algeo as Senior Vice President of Capital Markets to spearhead its expansion into CFDs and other financial products. This move follows the acquisition of Cyprus-based A.N. Allnew Investments Ltd, which secured a MiFID license, enabling the platform to offer a wide range of regulated financial services across Europe and beyond. Algeo's extensive experience in financial services is expected to enhance Crypto.com's mission to provide a comprehensive suite of regulated products for its global user base.
Belgian authorities have requested the European Parliament to lift the immunity of five MEPs amid an investigation into alleged corruption linked to Huawei. The case, known as "HuaweiGate," involves accusations of influence-buying through gifts and financial incentives, with two MEPs confirming their involvement. The investigation also extends to eight other lawmakers who previously supported Huawei's interests in 5G development.
Coller Capital has partnered with Deutsche Bank to offer the Coller Private Equity Secondaries Fund to qualified wealth management clients in Asia and select EMEA countries, managing over $40 billion in secondaries. The fund, with a minimum commitment of $50,000, provides access to liquidity in the private capital ecosystem.Meanwhile, RQI Investors launched a UCITS vehicle of its Global Value strategy, targeting UK, European, Singaporean, and Canadian investors, with an initial $50 million investment. This marks RQI's first international offering, building on a successful 16-year track record.
BNP Paribas Exane has raised its price target on Western Digital Corporation to $62 from $38 while maintaining an outperform rating. Western Digital specializes in the design, manufacturing, and marketing of hard drives, offering products under the Western Digital and WD brands for various devices. The company's net sales are distributed across several regions, with the United States accounting for 27.5% and China for 23.4%.
Deutsche Bank has raised its price target for Invesco Ltd. to $16 from $14 while maintaining a hold rating. Invesco, a leading asset management firm, oversees $1,846 billion in assets, with net sales primarily concentrated in the Americas (76.7%), followed by Europe/Middle East/Africa (18.8%) and Asia/Pacific (4.5%).
BNP Paribas Exane has raised its price target on Western Digital Corporation from $38 to $62 while maintaining an outperform rating. The company specializes in designing, manufacturing, and marketing hard drives under the Western Digital and WD brands, catering to various markets including PCs, laptops, and consumer electronics. Geographically, net sales are distributed across the United States (27.5%), China (23.4%), Hong Kong (18.3%), Asia (11.5%), Europe/Middle East/Africa (16.4%), and other regions (2.9%).
HSBC plans to cut 348 jobs in France, representing about 10% of its workforce, as part of a $1.5 billion cost-cutting strategy by CEO Georges Elhedery. The reductions will occur through a voluntary redundancy scheme and follow the sale of its French retail banking business and upcoming divestiture of its life insurance arm. This restructuring aligns with HSBC's focus on enhancing efficiency and profitability in key markets, particularly in Asia and the Middle East.
Under Armour, Inc. has received a Buy rating from UBS. The company specializes in developing, marketing, and distributing branded athletic performance apparel, footwear, and accessories for men, women, and youth across four geographic segments: North America, EMEA, Asia-Pacific, and Latin America. Its products are sold through various channels, including wholesale, direct-to-consumer, and e-commerce platforms.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wizz air faces engine troubles as profits decline and growth slows
12:35 09.06.2025
Belgium Investigates Huawei Lobbying Amid Allegations of European Parliament Corruption
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bnp paribas exane raises western digital price target to sixty two dollars
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