DIRS.INFO The most relevant business & tech news

☆ Huuuge plans to release first PC games in H2
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 31 (Reuters) - Polish mobile games developer Huuuge (HUGP.WA) plans to release its first PC games on the Steam platform in the second half of the year, Deputy CEO Maciej Hebda said on Wednesday. Steam is the biggest distributor of PC-based video games. Huuuge also plans to release in the second half of this year browser versions of two flagship titles, "Huuuge Casino" and "Billionaire Casino". In the first quarter, "Huuuge Casino" and "Billionaire Casino" were responsible for generating as much as 95% of the group's revenue. Reporting by Maria Gieldon in Gdansk; editing by Jason Neely and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Maciej Hebda, Huuuge, Hebda, Maria Gieldon, Jason Neely, Emelia Organizations: Steam, Thomson Locations: Polish, Gdansk

☆ Thyssenkrupp Nucera to supply electrolysis plant in Sweden
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +2 min

STOCKHOLM, May 22 (Reuters) - IPO candidate Thyssenkrupp Nucera (TKAG.DE) will supply more than 30 of its flagship electrolysers, which provide the technology needed to produce carbon-neutral steel via green hydrogen, to Swedish fossil-free steel startup H2 Green Steel. The deal highlights growing demand for hydrogen technology as a way to decarbonise CO2-heavy industrial production techniques, a field where Europe wants to compete globally with subsidy-rich regions, notably the United States. Sources told Reuters last month that Thyssenkrupp Nucera, a 66-34 joint venture between Germany's Thyssenkrupp (TKAG.DE) and Italy's De Nora (DNR.MI), was targeting a stock market listing in June at a valuation of up to 5 billion euros ($5.5 billion). A H2 Green Steel spokesperson said the agreement was worth several billion Swedish crowns, declining to comment further. Green hydrogen is created through renewables-powered electrolysis, whereby water is split into hydrogen and oxygen.

☆ 10 Things in Tech: 'I saw a quantum computer,' Gen Zer learns data analytics on YouTube, and Ford's Ranger Raptor
▼ + stars: | 2023-05-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Google's AI demonstration showed how Big Tech keeps on winning. Lots of startups are throwing their hat into the generative AI race. But it looks like Big Tech has a leg up on the competition. And it makes competitors even more dependent on Big Tech companies. My colleague Hugh Langley highlights how size and reach, not just quality, will win the AI race and breaks down how Big Tech is set to reap most of the spoils.

☆ I saw a quantum computer used by JPMorgan, with Microsoft and Nvidia as partners, and it was mind-blowing
▼ + stars: | 2023-05-13 | by ( Julie Bort | ) www.businessinsider.com time to read: +7 min

Quantum computers are wondrous because they operate on quantum mechanics. Quantum computers are wondrous because they operate on quantum mechanics: the tiniest parts of the universe where the rules of physics as we think we know them don't always apply. I visited as part of an invitational media-and-analysts' day held a few days before Quantinuum officially launched H2, its 32-qubit, second-generation quantum computer on Tuesday. Companies like Nvidia and Microsoft, which is building its own quantum computer, are partners to Quantinuum. A schematic drawing of the Quantinuum H2 computer.

☆ Here are Friday's biggest analyst calls: Apple, Coinbase, Western Alliance, Playboy, SolarEdge & more
▼ + stars: | 2023-05-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple is "delivering under pressure" after its earnings report on Thursday. Guggenheim upgrades Portillo's to buy from neutral Guggenheim said it sees multiple expansion for the restaurant chain. Goldman Sachs downgrades Atlassian to neutral from buy Goldman said the company's "cloud transition [is] likely taking longer than expected." UBS upgrades Shopify to neutral from sell UBS said in its upgrade of Shopify that it sees revenue upside. Jefferies initiates Playboy Group as buy Jefferies said it sees "significant upside" for the adult themed global media and lifestyle company.

☆ AIB upgrades guidance after 70% jump in first quarter income
▼ + stars: | 2023-05-04 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

SummarySummary Companies Bank increases FY net interest income guidance by 10%New savings products to be introduced in H2CFO comfortable with market consensus for 2024, 2025DUBLIN, May 4 (Reuters) - Ireland's largest mortgage lender AIB (AIBG.I) revised its full year guidance upwards across the board on Thursday after its total income jumped 70% year-on-year in the first quarter due to record increases in official interest rates. The bank said it expects net interest income of 3.3 billion euros this year versus the 3 billion guided in March, increased its net interest margin forecast to above 2.70% from 2.40% and forecast 2023 return on tangible equity (ROTE) to be a high-teens percentage. A 215 million euro direct share buyback last week cut the government's stake in the bank to 53%. The bank's net interest margin (NIM), a key metric showing the profitability of its lending, rose to 2.78% in the first quarter versus 1.45% a year ago when it was still operating in a negative interest rate environment. AIB Chief Financial Officer Donal Galvin said the market consensus for NIMs of 2.40% and 2.50% in 2024 and 2025 seemed reasonable.

☆ Dow Industrials are now in the red for 2023, but these stocks may lead it back into the black, analysts say
▼ + stars: | 2023-05-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Among the index's biggest losers were Disney , American Express , Goldman Sachs and Boeing . Here are the top 10 names with the largest upside to the average price target, according to data pulled from FactSet. American Express can rally 23.5%, while Goldman Sachs has 21% upside, according to analysts' average price targets. AXP YTD mountain American Express year to date Last month, American Express reported an earnings miss for the first quarter, but its revenue beat expectations, per Refinitiv. Goldman Sachs, however, missed on revenue thanks to a $470 million loss on the partial sale of its Marcus loans portfolio.

☆ Here are Wednesday's biggest analyst calls: Apple, Chewy, Disney, Wells Fargo, AMD, Coinbase & more
▼ + stars: | 2023-05-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America upgrades Pearson to buy from underperform Bank of America said the selloff in the British education company is overdone. Bank of America upgrades Cogent to buy from underperform Bank of America upgraded the internet services provider and says it sees "new sales growth." Bernstein upgrades Marriott to outperform from market perform Bernstein said the hotel giant has the "highest quality" earnings stream. " Evercore ISI reiterates Wells Fargo as outperform Evercore said it's sticking with the larger banks as regional concerns continue. Berenberg upgrades HSBC to buy from hold Berenberg said in its upgrade of the UK bank that it's "structurally attractive."

A global downturn in semiconductor demand amid an economic slowdown and weak customer spending sent chip prices plummeting in the first quarter. For the current quarter, Samsung said it expected limited demand recovery for memory chips as major data centre firms invested more conservatively in servers. Revenue fell 18% to 63.7 trillion won. The South Korean tech giant's chip division - normally its most reliable cash cow - reported a 4.58 trillion won loss compared to a 8.45 trillion won profit a year earlier. As a result, smartphone, personal computer and server companies have run down inventories, causing chip prices to plunge by about 70% over the previous nine months.

☆ Atos' cybersecurity unit drives sales ahead of split
▼ + stars: | 2023-04-27 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

Home to assets deemed strategic by the French government, Atos is striving to regain investor confidence after several setbacks, heavy losses and sharp stock swings precipitated by governance instability. Eviden groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers, fuelling speculation about interest from other players in the cybersecurity field, such as Thales (TCFP.PA). First-quarter revenue was up 2.8% from a year earlier to 2.81 billion euros ($3.11 billion), beating the analyst consensus provided by the company. Atos said its much-expected shareholder meeting would take place on June 28, amid strong criticism from some investors of board chairman Bertrand Meunier. ($1 = 0.9047 euros)Reporting by Mathieu Rosemain; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd (096770.KS), will set up a new battery manufacturing plant in the state of Georgia, the companies said, formalising an earlier provisional agreement. Accompanying Yoon on the trip are top executives of some of South Korea's biggest companies, including Hyundai Motor Group Executive Chair Euisun Chung. Rivals General Motors Co (GM.N) and Samsung SDI (006400.KS) said they would invest over $3 billion to build a joint venture EV battery manufacturing plant in the United States. That compared with a Refinitiv SmartEstimate for first-quarter profit of 2.3 trillion won from 16 analysts. Hyundai and Kia cars are competitive in the U.S., based on their prices and a favourable exchange rate, he added.

☆ Ancestry CEO says these 10 strategies will save you time at work and help you become more productive
▼ + stars: | 2023-04-21 | by ( Deb Liu | ) www.businessinsider.com time to read: +14 min

This week, I shared 10 simple ways you can save 10 hours a month, but why stop there? If you can find ways to save time at work, you'll be able to invest those hours in other, more productive activities. Ancestry CEO Deb Liu says automating tedious tasks will save you countless hours down the line. By creating an FAQ for the tough calls, you can save yourself the work of always having to defend your decisions. The upfront investment is worth the long-term gainsThere you have it: 10 simple ways to save up to 10 hours a month at work.

Volvo, a rival of manufacturers such as Daimler Trucks (DTGGe.DE) and Traton (8TRA.DE), forecast 2023 heavy truck sales in Europe and North America of 320,000 for each region. Handelsbanken analyst Hampus Engellau said the raised truck outlook sent a strong message that Volvo sees the second-half of 2023 as a good market for its trucks. Gothenburg-based Volvo, which also makes construction equipment and engines, said there was pent-up demand to replace aging fleets which had helped boost order intake. Shares in Volvo, one of Sweden's biggest employers, rose 1.2% in morning trade in a flat broader market (.OMXSPI). Volvo is not the only automaker to have had a good quarter.

☆ Nokia profit misses forecast, expects stronger second half
▼ + stars: | 2023-04-20 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

However, it kept its full-year outlook unchanged and said it expects profitability in the second half of the year to be stronger than the first half. First-quarter comparable operating profit fell to 479 million euros ($524.94 million) from 583 million euros last year, missing the 532.4 million euro forecast of analysts polled by Refinitiv. Net sales grew 10% in the quarter to 5.86 billion euros, beating estimates of 5.72 billion euros, Nokia said. Lundmark expects some recovery in the North American market in the second half of the year. Comparable operating margin fell to 8.2% from 10.9%.

☆ Top tech analyst Mahaney has 2 buys and a short going into first-quarter earnings
▼ + stars: | 2023-04-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Evercore ISI is gearing up for first-quarter tech earnings by making short-term, bullish calls and a tactical bearish recommendation. Well-known technology analyst Mark Mahaney said underperformance in first quarter earnings is less likely given the negative revisions already seen across the tech sector in recent quarters. 1-ranked analyst for five years, named two two of his favorite tech names going into first quarter earnings, and one stock to bet against. Wall Street's consensus for Meta's first-quarter revenue is reasonable while the second quarter's is beatable, Mahaney argued. While industry checks were in line with forecasts through the beginning of March, demand appears to have cooled later in the quarter, Mahaney said.

Companies Anglo American PLC FollowApril 4 (Reuters) - Anglo American (AAL.L) said on Tuesday it had signed a memorandum of understanding with Swedish hydrogen and steel producer H2 Green Steel to work on advancing low-carbon steelmaking processes. The miner said the agreement includes studying and trialling the use of iron ore products from its Kumba mines in South Africa and Minas-Rio mine in Brazil as feedstock for H2's direct reduced iron (DRI) production process at its Boden plant in Sweden. DRI steel production is estimated to be significantly less carbon intensive than traditional blast furnace and basic oxygen furnace integrated processes. Anglo American's shares were up 0.4% by 0715 GMT. Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ India's April-September borrowing slightly above market expectations
▼ + stars: | 2023-03-29 | by ( Nikunj Ohri | ) www.reuters.com time to read: +2 min

The planned April-September borrowing constitutes about 57.6% of the total 15.43 trillion rupees planned for the current fiscal year, the government said in a statement on Wednesday. Borrowing in the first six months is slightly above market expectations of about 55% of this year's target. The government said the borrowing will be done through bonds of three, five, seven, 10, 14, 30 and 40 years tenure. It plans to borrow between 310 billion and 390 billion rupees a week in the first half of the fiscal year. The government plans net borrowing of 1.42 trillion rupees in the quarter ending June 30, compared with 2.40 trillion rupees in the same period last year.

☆ China's debt-heavy local governments look for new ways to raise cash
▼ + stars: | 2023-03-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that's made clear its priority is to reduce financial risks. "We should ... prevent a build-up of new debts while working to reduce existing ones," the report said regarding local governments' situation. S&P and other analysts estimate land sales account for about a quarter of local governments' total revenue. But local governments still have bills and public services to pay for. Historically, local governments were responsible for more than 85% of expenditure but only received about 60% of tax revenue, Rhodium Group said in 2021.

☆ Inside the demise of Vice, from turning away a $3.5 billion Disney offer to a 'painful' downward spiral that has the media giant scrambling for a buyer
▼ + stars: | 2023-03-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +19 min

The talks fizzled, Disney backed off, and Smith set off for California to drum up other interest in Vice Media. Vice Media Group co-CEOs Bruce Dixon, left, and Hozefa Lokhandwala. Vice Media GroupOne former Vice insider familiar with the current situation told Insider that staffers were warning vendors they needed to threaten to stop work in order to get paid. Just a few months later, Rupert Murdoch tweeted, "Who's heard of Vice Media? Refinery29 quickly lost key staff and was not well integrated into Vice Media, the two former staffers said.

Indonesia, the world's biggest producer of palm oil, raised the mandatory blend of palm oil in biodiesel to 35% starting in February, from 30% earlier, to reduce diesel fuel imports amid high global energy prices and to reduce emissions. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange slid 24 ringgit to 4,181 ringgit a tonne on Wednesday. An El Nino episode usually results in below-average rainfall in main palm oil producers Indonesia and Malaysia, cutting yields and pushing up global prices. "It used to be palm oil is export-oriented for Indonesia, but sales are declining and domestic consumption is increasing," Fadhil said. James Fry, the chairman of commodities consultancy LMC International, however, cautioned that the correction in gasoil prices could bring down demand for biodiesel and pull-down palm oil prices.

☆ Here are Monday's biggest analyst calls of the day: Apple, Tesla, Nio, Ferrari, Merck, Nvidia & more
▼ + stars: | 2023-03-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Amazon as a best idea JPMorgan says it's standing by its overweight rating on the stock. " Jefferies reiterates Tesla as buy Jefferies raised its price target on the stock to $230 per share from $180 and says it's standing by its buy rating. JPMorgan upgrades Vir Biotechnology to overweight from neutral JPMorgan said it likes the biotech company's product pipeline. JPMorgan reiterates General Electric as neutral After a change in analyst coverage, JPMorgan said GE's transformation continues but there's still more "work to do." Jefferies initiates Merck as buy Jefferies initiated the pharmaceutical company with a buy and said it has room for growth.

☆ A new generation of airships is taking to the skies
▼ + stars: | 2023-03-03 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

It’s an airship, and French aeronautics company Flying Whales hopes its hybrid-electric, helium-lift vessel will change the shape of sustainable transport. Flying Whales' airships, pictured here in a render, could access remote locations without roads, railways or airports. That’s why most companies, including Flying Whales and LTA Research, are using helium, which is non-flammable. Prentice is also the founder and president of BASI, a Manitoba-based company specializing in airships adapted for cold climates. Flying Whales expects to test its first airship at the end of 2025, with commercial operations beginning in 2027 once the airship is certified.

Persons: ”, Romain Schlack, Sergey Brin, It’s, Barry Prentice, Prentice, “, Schlack Organizations: CNN, Flying Whales, ” Airship, Research, Google, LTA Research, Moffett, American Chemical Society, Asper School of Business, University of Manitoba, Prentice ., FAA, European Aviation Safety Agency, Libre de Bruxelles, Prentice, Companies, Akron Airdock, Vehicles, Air Vehicles Locations: San Francisco, California, Manitoba, Prentice . California, Belgium, Laruscade, Bordeaux, France, Ohio, San Francisco Bay, England, Quebec, Asia, Canada

☆ Here are Wednesday's biggest analyst calls: Apple, Procter & Gamble, Tesla, Spotify, AbbVie & more
▼ + stars: | 2023-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley upgrades Sarepta to overweight from equal weight Morgan Stanley said it's bullish on the company's gene therapy drug, SRP-9001. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the EV maker after its earnings report on Tuesday, but says it's now a show-me story. Morgan Stanley reiterates Eli Lilly as top pick Morgan Stanley said the stock is best-in-class and that it's bullish on its diabetes drug, Mounjaro. Morgan Stanley names JD.com a catalyst driven idea Morgan Stanley said it's bullish heading into the China e-commerce company's earnings on March 9. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by shares of Microsoft.

Organizations: ~$

Stellantis said it had achieved cash synergies of 7.1 billion euros last year, far exceeding the 5 billion euros by 2024 target it had set at the time of the merger. Stellantis's adjusted second-half earnings before interest and tax (EBIT) grew 17% to 10.95 billion euros, topping a consensus estimate of 9.63 billion euros in a Reuters poll of analysts. The margin on adjusted EBIT was 12% in the second half, down from 14.1% in the first six months of the year. It reiterated the same margin target for 2023, as well as one for positive cash flows. ($1 = 0.9393 euros)Reporting by Giulio Piovaccari; Editing Jan Harvey, Mark Potter and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis tops forecasts in H2, launches 1.5 bln euro share buy-back
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

[1/3] The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, February 1, 2022. The company also announced a dividend of 4.2 billion euros ($4.48 billion), or 1.34 euros per share, on 2022 results, and said it would launch a share buyback program worth up to 1.5 billion euros to be performed by the end of this year. Adjusted earnings before interest and tax (EBIT) at the world's third largest auto maker by sales stood at 10.949 billion euros in the July to December period, topping analysts' expectations from a Reuters poll of 9.63 billion euros. Stellantis, which was created just over two years ago through the merger of Fiat Chrysler and Peugeot maker PSA, said it had so far made cash synergies of 7.1 billion euros. That places it two years ahead of schedule in its target to reach annual cost savings of 5 billion euros.

Search resuls for: "H2"

25 mentions found