Temenos sinks most in 21 years on Hindenburg short report
Company is now worth about a third compared to its 2019 peak.
Source: moneyweb.co.za
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Temenos Sinks Most in 21 Years on Hindenburg Short Report
(Bloomberg) — Temenos AG plunged by nearly a third, slashing its market value by $2.2 billion, after Hindenburg Research took a short position and alleged serious flaws in the books of the Swiss banking software company. The report by Hindenburg, an activist short-seller founded by Nate Anderson, refers to “major accounting irregularities” and says Temenos…
Source: swissinfo.ch
Temenos Sheds $2 Billion as Hindenburg Finds Latest Short Target
(Bloomberg) — Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied the report, saying it contained “factual inaccuracies and analytical errors, together with false…
Source: swissinfo.ch
Investors spur CEO exits in Europe
Activist investors appear to find their European targets more willing to do away with management than heed calls for dramatic change -- for now.
Source: arkansasonline.com
European shares edge up on pharma boost, UK's FTSE 100 nears record-high | WKZO | Everything Kalamazoo
By Bansari Mayur Kamdar (Reuters) - European shares inched up on Monday as gains in healthcare stocks helped the benchmark index extend its sharp rall...
Source: wkzo.com