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Melrose Industries PLC (LSE:MRO, OTC:MLSPF) fell over 6% on Friday and dragged down defence peers after facing a double downgrade from UBS analysts. The FTSE 100-listed defence firm's rating was slashed from a ‘buy' to a ‘sell' by UBS, while Melrose's share price target was wound down from 770p to 400p.
ZURICH--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules UBS AG (NYSE:UBS) (SWX:UBSN) today published its second-quarter 2024 financial report and Pillar 3 report. UBS Group AG previously reported its second quarter results on a consolidated basis on 14 August 2024. These reports are available for download on the UBS website. Cautionary Statement Regarding Forward-Looking Statements This news release contains statements th.
Water companies need to get more leeway in their price regimes for the next five years to persuade investors to back the sector for the infrastructure investments required, says UBS. OFWAT's draft determination (for the price review covering April 2025-March 2030) still has a gap to what UBS believe is required to attract necessary equity capital to fund investments.
UBS Group's (UBS) asset management unit is planning to transfer its QIS business to Manteio Partners LLC. After the completion, the QIS division is set to operate as an independent unit under Manteio.
UBS AG (UBS) is planning to wind down its flagship real estate fund due to turmoil brought on by investors withdrawing money from slumping commercial real estate markets.
UBS Group NYSE: UBS is the 8th largest firm in the capital markets industry worldwide and the largest in Europe. The company has underperformed its sector this year, with a total return of 2%.
UBS Fund Management in Switzerland has decided to put the Credit Suisse Real Estate Fund International into an orderly liquidation as of Thursday, the bank said in a statement.
Switzerland's investment banking stalwart UBS (NYSE: UBS ) is seeing shares pop sharply higher on Wednesday. Undergirding sentiment is strong results stemming from the company's second-quarter earnings report.
Bonds backed by commercial property loans, previously one of the hardest-hit parts of the credit market, have stopped being a major bargain, according to UBS Global Wealth Management.
UBS Group's (UBS) second-quarter results reflect growth in asset management, personal & corporate banking and investment bank division. However, a rising expense base is a concern.