Oct 10 (Reuters) – Bestbe Holding SpA: * REPORTED ON THURSDAY FY REVENUE EUR 314,554 * FY NET LOSS EUR 7.1 MLN Further company coverage: (Gdansk Newsroom)
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Oct 10 (Reuters) – Comtel SpA: * SAID ON THURSDAY NEXTALY CONTROLLED BY DAVIDE CILLI HAS TRANSFERRED 10% STAKE IN COMTEL TO CILLINVEST * OPERATION PRICED AT 1.50 EUR/SHR FOR A TOTAL OF EUR 2.76 MLN * NEXTALY STAKE IN COMTEL DECREASES FROM 56.98% TO 46.98%, CILLINVEST NOW HOLDS 10% OF COMTEL SHARE CAPITAL Further company coverage: (Gdansk Newsroom)
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By Ankur Banerjee SINGAPORE (Reuters) -The yen steadied on Friday but was set for its steepest weekly drop in a year due to fast-receding chances of a near-term rate hike, while the euro was rooted near two-month lows as traders braced for France's sixth prime minister in less than two years. The yen edged up 0.2% to 152.7 per U.S. dollar but remained close to the weakest level since mid-February it hit on Thursday. The Japanese currency is on pace for a 3.5% drop in the week, its biggest decline since October last year. The yen's drastic drop has been triggered by worries that the Bank of Japan may not hike interest rates again this year after fiscal dove Sanae Takaichi's surprise victory to lead the ruling party, stoking worries of Japanese authorities needing to step in to support the yen. Japanese Finance Minister Katsunobu Kato said on Friday that the government was concerned about excessive volatility in the foreign exchange market. Takaichi said on Thursday she did not want to trigger excessive declines in the yen. "Markets are still of the view that Takaichi's leadership will make it politically difficult for the Bank of Japan to raise interest rates," said Carol Kong, currency strategist at Commonwealth Bank of Australia. Takaichi, on course to become Japan's first female prime minister, said on Thursday that the BOJ is responsible for setting monetary policy but that any decision it makes must align with the government's goal. Traders are currently pricing about 45% chance of a rate hike from the BOJ in the December meeting and are only fully pricing in a 25 basis point hike in March. FRENCH DRAMA DRAGS EURO The euro last fetched $1.15705, anchored near two-month lows hit on Thursday and on pace for a 1.5% drop for the week, its sharpest decline in 11 months as the political turmoil in France weighed on the single currency. President Emmanuel Macron is searching for yet another prime minister, hoping his next pick can steer a budget through a legislature riven by crisis. The political paralysis has made it deeply challenging to pass a belt-tightening budget, demanded by investors increasingly worried by France's yawning deficit. "In France, turmoil following the resignation of Prime Minister Lecornu has undermined EUR sentiment," said Kieran Williams, head of Asia FX at InTouch Capital Markets. "Volatility remains elevated across FX markets as traders readjust positions in response to shifting central bank expectations and political risks." That has left the dollar upbeat, with the dollar index, which measures the U.S. currency against six other units, at 99.33, near a two-month high. The index is on course for a 1.7% gain, its biggest jump in a year. "The recent dollar rally has gone against market positioning and prompted a partial covering of USD shorts," said Chris Weston, head of research at Pepperstone. "There remains a high degree of scepticism that the USD can materially push through 100, a level in the dollar index that was quickly reversed in May," he said in a note. With the U.S. government shutdown continuing and little to no economic data for investors to parse through for clues on the path the Federal Reserve is likely to take, markets are keeping an eye on comments from policymakers. The influential New York Federal Reserve President John Williams signalled on Thursday he would be comfortable with cutting interest rates again, despite some policymakers' qualms about rising inflation that suggest such a decision would not be easily made. Traders are pricing in a 95% chance that the Federal Reserve cuts rates by 25 bps at its October meeting, while the odds of an additional cut in December have dropped to 80%, from 90%, in the past week, according to the CME Group's FedWatch Tool. In other currencies, the Australian dollar was 0.14% firmer at $0.6565, while sterling was at $1.331, near the two-month low it hit on Thursday. The pound is down 1% this week, set for worst week in over two months. The New Zealand dollar was at $0.5755, hovering near its lowest in six months after the central bank slashed its benchmark rate on Wednesday, as policymakers signalled concerns about the frail state of the economy and kept the door open for further easing. (Reporting by Ankur Banerjee in Singapore; Editing by Jacqueline Wong anad Kim Coghill)
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By Danilo Masoni MILAN (Reuters) -A return of fund inflows into renewable energy stocks is helping to breath new life into these companies' shares, powering their strongest quarterly rise since the sustainability boom early this decade. After two years of bearish sentiment and relentless redemptions that made the sector a short-sellers' hotspot, a fundamental shift in the U.S. power demand outlook and greater policy certainty are luring investors back. U.S. President Donald Trump's "One Big Beautiful Bill" and the subsequent move to direct the U.S. Treasury to restrict tax credit rules have hit the renewables industry. But money managers say the outcome was not as bad as many feared, and offers enough certainty for investors to engage and companies to resume projects. "Valuations were so disconnected from the fundamentals that even confirmation of negative news became a positive catalyst, said BlackRock portfolio manager Alastair Bishop. "It allowed investors to start focusing on the fundamentals." With the outlook improving, Bishop said outflows from BlackRock's active clean-energy strategies had slowed. Robeco portfolio manager Roman Boner said flows into the company's Smart Energy strategy had recently turned positive after sustained outflows. Lipper data shows alternative energy funds had their first net monthly inflow in June, after 25 straight months of outflows totalling around $24 billion. Investors pulled out money again in July before inflows returned in August and neared $800 million in September, the largest since April 2022. Quarterly data from Morningstar shows outflows from Clean Energy/Tech have shrunk to their lowest since the last recorded inflow in Q2 2023. These green shoots coincide with double-digit gains in clean energy indices, ETFs, and a surge in individual stocks across the sector — from producers to infrastructure plays. Bloom Energy is a prime example, teaming up with Oracle to deploy fuel cells at data centres. Its shares have rallied 300% in four months to become the biggest weight in the iShares Clean Energy ETF, a jump some investors view as over-exuberant. The Federal Reserve's dovish tone has also helped. Capital-intensive renewable projects benefit from lower borrowing costs, though rates remain well above the ultra-low levels seen during ESG's heyday. PRIVATE EQUITY MOVES IN LOOKING FOR VALUE Private equity is also moving in, ignoring political noise to focus on long-term value. Global Infrastructure Partners is reportedly in talks to buy AES, potentially one of the largest deals involving a Wall Street power company. The MSCI Global Alternative Energy Index has halved since its January 2021 peak, but rose 17% in the three months to September — its strongest quarter since end-2020 and more than double the broader market's gain. The rally, from a record-low base, has extended into October and is not purely U.S.-centric First Solar, a U.S. solar bellwether, climbed about 33% over this period. Portuguese renewable energy company EDP Renovaveis rose 18%. SHIFT IN MARKET FROM SUBSIDIES-DRIVEN TO DEMAND-LED Driving the rally is rising electricity demand from Big Tech's rapid AI data centre build-outs, electrification of transport and industry, and the upgrading of grid infrastructure to handle new loads. U.S. power consumption, stagnant for over a decade, is forecast to grow sharply. With gas turbines in short supply and nuclear years away, solar-plus-storage is emerging as the only scalable short-term solution. "Data centres need electricity in two to three years. People will just add as much renewables as they can. It's not only the cheapest source, but also the fastest to build," said Boner. These trends show renewable energy is morphing from a sector driven by policy and subsidies, to one shaped primarily by market forces, where strong demand requires all forms of energy. "Every electron counts," Boner added. Cumulative new U.S. power generation demand is seen at 450 gigawatts by 2030, based on data presented by renewables developer NextEra. Of that, only 75 GW is projected from gas-fired plants, around 40 GW from deferred coal retirements, and limited nuclear contributions. Jonathan Waghorn, who manages both sustainable and fossil fuel funds at Guinness Asset Management, sees renewable earnings picking up, noting electricity demand forecasts have surged eightfold in just a few years. "That's starting to get earnings momentum into the companies, especially those with AI, data centre, and grid-building exposure. The industry has just started to get going again, and the market is reacting." Waghorn's fund holds stocks involved in electrifying the energy mix like Eaton and Legrand. He also likes European names like cable maker Prysmian and grid services company Spie. Bishop expects earnings upgrades, typically supportive of price performance, and sees room for valuations to rise. At 14.6 times forward earnings, MSCI's Alternative Energy Index trades at a 40% discount to world stocks, vs a 10-year average premium of 7.4%, based on LSEG data, illustrating how the sector is currently valued well below the broader market despite historically commanding a premium. There are still risks – including higher-for-longer interest rates, policy reversals, and speculative retail excitement in unprofitable areas like new-generation nuclear – but some managers say unwinding bearish bets could help sustain the rally. "There are still shorts to be squeezed out of the renewable space," said Luca Moro, CIO at SpesX, an energy transition fund. (Reporting by Danilo Masoni. Editing by Jane Merriman)
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Oct 10 (Reuters) – Iss A/S: * ISS SIGNS NEW CONTRACT WITH FINANCIAL SERVICES COMPANY IN TÜRKIYE * CONTRACT HAS AN ANNUAL VALUE OF APPROXIMATELY DKK 100 MILLION Source text: Further company coverage: (Gdansk Newsroom)
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Oct 10 (Stats Perform) – Standings from the NHL games on Thursday Atlantic Division W L OTL GF GA PTS 1. Florida Panthers 2 0 0 5 3 4 2. Boston Bruins 2 0 0 7 4 4 3. Toronto Maple Leafs 1 0 0 5 2 2 4. Ottawa Senators 1 0 0 5 4 2 5. Montreal Canadiens 1 1 0 7 6 2 6. Tampa Bay Lightning 0 1 0 4 5 0 7. Detroit Red Wings 0 1 0 1 5 0 8. Buffalo Sabres 0 1 0 0 4 0 Metropolitan Division W L OTL GF GA PTS 1. Pittsburgh Penguins 2 0 0 7 3 4 2. Carolina Hurricanes 1 0 0 6 3 2 3. New York Rangers 1 1 0 4 3 2 4. New York Islanders 0 1 0 3 4 0 5. Columbus Blue Jackets 0 1 0 1 2 0 6. Philadelphia Flyers 0 1 0 1 2 0 7. Washington Capitals 0 1 0 1 3 0 8. New Jersey Devils 0 1 0 3 6 0 Central Division W L OTL GF GA PTS 1. Colorado Avalanche 2 0 0 6 2 4 2. Minnesota Wild 1 0 0 5 0 2 3. Dallas Stars 1 0 0 5 4 2 4. Nashville Predators 1 0 0 2 1 2 5. Chicago Blackhawks 0 1 1 5 7 1 6. Winnipeg Jets 0 1 0 4 5 0 7. Utah Mammoth 0 1 0 1 2 0 8. St. Louis Blues 0 1 0 0 5 0 Pacific Division W L OTL GF GA PTS 1. Vegas Golden Knights 1 0 1 9 9 3 2. Vancouver Canucks 1 0 0 5 1 2 3. Seattle Kraken 1 0 0 3 1 2 4. Los Angeles Kings 1 1 0 7 9 2 5. Calgary Flames 1 1 0 5 8 2 6. Edmonton Oilers 0 0 1 3 4 1 7. San Jose Sharks 0 0 1 3 4 1 8. Anaheim Ducks 0 1 0 1 3 0 Saturday, October 11 schedules (EST/GMT) Los Angeles Kings at Winnipeg Jets (1730/1730) St. Louis Blues at Calgary Flames (2000/2000) Montreal Canadiens at Chicago Blackhawks (2300/2300) Buffalo Sabres at Boston Bruins (2300/2300) Philadelphia Flyers at Carolina Hurricanes (2300/2300) Toronto Maple Leafs at Detroit Red Wings (2300/2300) Ottawa Senators at Florida Panthers (2300/2300) Washington Capitals at New York Islanders (2300/2300) New York Rangers at Pittsburgh Penguins (2300/2300) New Jersey Devils at Tampa Bay Lightning (2300/2300) Columbus Blue Jackets at Minnesota Wild (0000/0000) Utah Mammoth at Nashville Predators (0000/0000) Dallas Stars at Colorado Avalanche (0100/0100) Anaheim Ducks at San Jose Sharks (0200/0200) Vegas Golden Knights at Seattle Kraken (0200/0200) Vancouver Canucks at Edmonton Oilers (0200/0200) Sunday, October 12 schedules (EST/GMT) Washington Capitals at New York Rangers (2300/2300) Monday, October 13 schedules (EST/GMT) Colorado Avalanche at Buffalo Sabres (1630/1630) Tampa Bay Lightning at Boston Bruins (1700/1700) Winnipeg Jets at New York Islanders (1700/1700) Nashville Predators at Ottawa Senators (1700/1700) Detroit Red Wings at Toronto Maple Leafs (2000/2000) New Jersey Devils at Columbus Blue Jackets (2300/2300) Florida Panthers at Philadelphia Flyers (2300/2300) St. Louis Blues at Vancouver Canucks (2330/2330) Los Angeles Kings at Minnesota Wild (0000/0000) Utah Mammoth at Chicago Blackhawks (0030/0030) Tuesday, October 14 schedules (EST/GMT) Seattle Kraken at Montreal Canadiens (2300/2300) Edmonton Oilers at New York Rangers (2300/2300) Nashville Predators at Toronto Maple Leafs (2300/2300) Tampa Bay Lightning at Washington Capitals (2300/2300) Vegas Golden Knights at Calgary Flames (0100/0100) Minnesota Wild at Dallas Stars (0130/0130) Carolina Hurricanes at San Jose Sharks (0200/0200) Pittsburgh Penguins at Anaheim Ducks (0230/0230)
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(Reuters) -SoftBank Group Corp is in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings, Bloomberg News reported on Friday. The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Eileen Soreng)
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(Reuters) -SoftBank Group Corp is in talks to borrow $5 billion from global banks for a margin loan secured by shares of its chip unit Arm Holdings, Bloomberg News reported on Friday. The capital will fund additional investment in OpenAI this year, the report added, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Eileen Soreng)
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Following is a summary of current entertainment news briefs. Hollywood, Bollywood groups lobby Indian panel to protect content from AI models Hollywood and Bollywood groups are lobbying an Indian panel for stricter copyright protection that will prevent artificial intelligence firms from using their intellectual property to train AI models, letters show. AI companies remain at loggerheads with content owners globally and governments are fast developing regulations that lay down rules for the new technology. While Japan gives broad exemptions to AI firms in using copyrighted content, the European Union has stricter rules that allow content owners to opt-out of such use. London Film Festival launches with Daniel Craig's third 'Knives Out' movie Daniel Craig's third outing as the charismatic detective Benoit Blanc in "Wake Up Dead Man: A Knives Out Mystery" opened the London Film Festival on Wednesday, kicking off 12 days of red carpets, screenings and talks with the likes of Oscar winners Daniel Day-Lewis and Chloe Zhao. Craig led co-stars including Glenn Close, Josh Brolin and Mila Kunis on the red carpet for the latest "Knives Out" whodunit, which has a more gothic and darker tone than 2019's "Knives Out" and "Glass Onion" released in 2022. Drake's defamation suit against UMG over Lamar's 'Not Like Us' dismissed A federal judge in Manhattan on Thursday dismissed superstar rapper Drake’s defamation lawsuit over Kendrick Lamar’s diss track “Not Like Us” against Universal Music Group, which releases both artists' music. U.S. District Judge Jeannette Vargas said Lamar's lyrics accusing Drake of being a pedophile were not defamatory because they were "nonactionable opinion." Film aims to show how King Charles' once-mocked views on nature became mainstream Britain's King Charles has said he was considered "rather dotty" for voicing concern about damage to the environment in the past. An upcoming documentary film aims to chart the spread of views once seen as eccentric, and bring them to new audiences. The 76-year-old monarch first spoke of the dangers of "indestructible plastic containers" and the pollution from "endless cars and aeroplanes" in the early 1970s, well before protecting the planet became a mainstream topic. Disney raises admission prices for its theme parks during key holidays Disney said on Wednesday it will raise prices for certain tickets to its theme parks in the U.S. during key holidays such as the Thanksgiving week and New Year's Eve. Prices for one-day tickets to Walt Disney World Resort in Orlando, Florida, will exceed the current $199 top price point, beginning with the holidays in 2026, the company said in a statement to Reuters. Dolly Parton says 'I ain't dead yet' after sister sparked alarm Country singer Dolly Parton sought to reassure fans about her health on Wednesday after comments by her sister stoked concern that the Grammy winner was near death. "I ain't dead yet," Parton, 79, said in the caption to an Instagram video. Jimmy Kimmel says critics 'maliciously mischaracterized' his Kirk remarks Late-night host Jimmy Kimmel said on Wednesday he believed his comments about the reaction to the assassination of political activist Charlie Kirk were "intentionally and maliciously mischaracterized" by critics before his show was suspended. Kimmel drew outrage from conservatives for saying on his September 17 show that President Donald Trump's supporters were desperate to characterize Kirk's accused assassin "as anything other than one of them" and for trying to "score political points" from his murder. ‘Kiss of the Spider Woman' has new spin on classic queer love story Singer and actor Jennifer Lopez had multiple roles in the movie musical adaptation of “Kiss of the Spider Woman,” and she was determined to make all of them her own while following in the footsteps of acclaimed Latina actors Sonia Braga and Chita Rivera. "You really do have to kind of let that go and make it your own," Lopez said about her approach to taking on her roles as the Spider Woman, the Hollywood actress named Aurora, and the film star, Ingrid Luna, for the film. Hollywood talent agency CAA says OpenAI's Sora poses risk to creators' rights Hollywood's premier talent agency, Creative Artists Agency, said on Thursday OpenAI is exposing artists to "significant risk" through its new AI video-generating tool Sora. The Los Angeles-based CAA, founded in 1975, represents thousands of actors, directors and music artists and athletes. Three Bollywood films to be made in UK from 2026, PM says Three new Bollywood films will be made in Britain from next year, Prime Minister Keir Starmer announced during a trip to India on Wednesday. Yash Raj, India's leading film production and distribution company, will bring major productions to Britain from early 2026 after an eight-year break from filming in the country, the government said, expecting 3,000 jobs to be created as a result.
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JAPAN WEATHER BUREAU SAYS IT SEES 80% CHANCE NORMAL WEATHER CONDITIONS WILL CONTINUE TOWARDS WINTER
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