UBS Group reports a net loss of $785 million in Q3 due to integration costs after acquiring Credit Suisse. Operating expenses increased by 97% while revenue exceeded expectations. UBS's wealth management business saw positive growth.
Home builder Persimmon reports sales decline in second half of the year but expects to meet 2023 targets. Anticipates uncertain market conditions in 2024.
Recent survey shows banks are tightening business loan standards, leading to concerns about access to credit and potential economic impact. Market reacts to the news.
Canadian stocks experienced a minor decrease after a week of impressive gains, with notable developments in the market and progressive growth for Else Nutrition.
European stocks face decline, with the Stoxx Europe 600 index closing down by 0.16%. French CAC 40, German DAX, and FTSE 100 indices show mixed results. Notable companies witness significant changes in their stock prices.
BofA Securities analyst downgrades Paramount stock due to delayed asset sales and challenging macro backdrop, impacting stock's value and outlook.