Latest news with #DanskeBank
Business Insider
a day ago
- Business
- Business Insider
Barclays Sticks to Its Buy Rating for Danske Bank (0NVC)
Barclays analyst Namita Samtani maintained a Buy rating on Danske Bank (0NVC – Research Report) yesterday and set a price target of DKK289.00. The company's shares closed yesterday at DKK255.69. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Samtani is a 2-star analyst with an average return of -0.1% and a 50.52% success rate. Samtani covers the Financial sector, focusing on stocks such as DNB ASA, Danske Bank, and Jyske Bank A/S. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Danske Bank with a DKK272.00 average price target, which is a 6.38% upside from current levels. In a report released on June 9, Kepler Capital also maintained a Buy rating on the stock with a DKK245.00 price target. Based on Danske Bank's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of DKK13.93 billion and a net profit of DKK5.76 billion. In comparison, last year the company earned a revenue of DKK49.82 billion and had a net profit of DKK5.63 billion
Finextra
a day ago
- Business
- Finextra
Danske Bank appoints Tjørntved Davidsen as chief AI officer and head of GenAI
We have appointed Kasper Tjørntved Davidsen as our new Chief AI Officer (CAIO) and Head of GenAI. 0 This appointment marks a significant step towards leveraging GenAI technology to unlock potential for our employees and deliver enhanced value to our customers. Over the past years, Danske Bank has made Generative AI technologies a strategic investment and a key part of our Forward '28 strategy and our digital and technology transformation, which includes move to public cloud, leveraging the latest technology, and investing in our data platform & artificial intelligence. With the appointment of Kasper Tjørntved Davidsen, we are accelerating our efforts to integrate Generative AI into our ways of working and create a better experience for our customers. 'Kasper's technical capabilities and extensive experience with executive leadership roles and large-scale digital transformations will be instrumental to realise our commitment to being frontrunners in the GenAI revolution within financial services and becoming an AI first bank ', says Richard Davis, Chief Technology Officer at Danske Bank. At Danske Bank, we have made Generative AI a priority Now more than a year ago, DanskeGPT was launched, and since then, it has been full speed ahead with GenAI with a focus on adoption, upskilling and training, and continued enhancements and releases of new Generative AI solutions. To date, we have launched 12 Generative AI solutions including DanskeGPT, DanskeAssist, GovDoc Assistant, and HR Assistant, with new solutions being continuously tested and launched. Almost 16.000 employees at Danske Bank use one or more of our internal Generative AI solutions every month, and 90% of all Danske Bank employees have participated in Generative AI trainings. Kasper Tjørntved Davidsen is impressed by the progress Danske Bank has made so far: 'As Generative AI has gained momentum over the past few years, it has become clear that the truly successful and forward-thinking companies are those that are intentional about AI and have a purposeful approach to adoption', he says and continues: 'From my perspective, this is where Danske Bank stands out in the sector. Danske Bank creates and delivers value for customers, employees and shareholders by combining proven technologies with Generative AI capabilities and innovations. With a strong executive vision of becoming an AI-first bank, Danske Bank is leading this transformation with meaningful action and clear intent.' A possible game changer At Danske Bank, we will continue to explore new opportunities and utilise Generative AI technology to innovate and strengthen our business. Frans Woelders, COO at Danske Bank elaborates further: 'AI is increasingly fundamental to our business growth and will be transformational in how we interact with and advise and support our customers. That is why it is a key focus area in Danske Bank. I am looking forward to seeing the progress we will achieve in the coming years under Kasper's leadership.'
Bloomberg
a day ago
- Business
- Bloomberg
Schouw Said to Pick Banks for IPO of $2 Billion Fish Feed Unit
Schouw & Co. has picked banks to help arrange a potential Copenhagen initial public offering of Danish industrial fish feed business BioMar Group, according to people familiar with the matter. The Aarhus, Denmark-based company selected DNB Carnegie Holding AB, Morgan Stanley, Danske Bank AS and Nordea Bank Abp to lead BioMar's share sale, the people said, asking not to be identified as the information is private. BioMar's valuation could be about $2 billion in an IPO, the people said.
Global News
3 days ago
- Business
- Global News
Middle East tensions boost oil prices, threaten to disrupt supply
Tuesday marked the fifth day of fighting between Israel and Iran with the risk of a widening conflict dampening investors' risk appetite. With tensions running high, U.S. crude rose 2.26 per cent to $73.39 a barrel for West Texas crude — the U.S. benchmark oil price — while Brent crude, the European benchmark price, rose to $75.09 per barrel, up 2.54 per cent on the day. The price of Western Canada select was trading at just under $58 U.S. on Tuesday morning — well above the low of less than $48 in early May. The Israel-Iran conflict could further drive up prices for crude oil and gasoline. Iran is a major producer of oil and it sits on the narrow Strait of Hormuz, through which much of the world's crude passes. View image in full screen Oil prices have jumped on fears a wider Middle East conflict could disrupt tanker traffic in the Strait of Hormuz, through which much of the world's oil supply is shipped. File No disruptions to the global crude supply have been reported yet, although news of a collision between two ships in the Gulf of Oman sent another brief jolt through the oil market overnight. Story continues below advertisement 'This is happening at a point in time where we are less sensitive, first of all, the fact being that oil prices are still down year to date and secondly, the macro-economy is showing that financial markets are relatively resilient at the moment,' Bjarne Breinholt Thomsen, head of the cross-asset strategy at Danske Bank, said in a webinar on Tuesday. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The volatility has also hit all the major stock markets with the Dow Jones Industrial Average, the S and P 500, the Nasdaq and the TSX composite index all down slightly in Tuesday morning trading. The Canadian dollar traded for around 73 cents U.S. Tuesday morning, down from Monday's close at $73.76. Gold prices backed off slightly on Tuesday, trading at just under $3,400 U.S. per ounce around noon, after jumping to $3,424.24 on Friday as investors sought a safe place to put their cash. That's about $1,097 higher than a year ago. 0:50 Massive fire at Iran oil depot after Israeli attack Investors will also be keeping an eye on the U.S. Federal Reserve when it meets on Wednesday to discuss whether to lower or raise interest rates. Story continues below advertisement U.S. President Donald Trump has been critical of chairman Jerome Powell for not cutting interest rates. The nearly unanimous expectation among traders and economists is that the Federal Reserve will continue to stand pat as it waits to see how Trump's tariffs affect the American economy. 'One thing that settled the markets earlier this year was the independence of the Fed (Federal Reserve) and the fact they would not be influenced, but data-driven,' said Matt Rubin, chief investment officer at Cary Street Partners in Richmond, Va. 'Jerome Powell is going to continue to express that they are focused on data at this point and that data does not warrant a cut.' If oil prices remain elevated in the long-term, they could be a blessing for Alberta's provincial budget, which was forecasting a $5.2-billion deficit on the expectation that oil prices would average about $68 per barrel. Each $1 increase in the price of oil is predicted to increase provincial government revenues by about $750 million. — With files from Reuters and The Associated Press
Belfast Telegraph
3 days ago
- Business
- Belfast Telegraph
Radius invests in 500 new homes after £75m loan
The £75m facility with Danske bank is a sustainability-linked loan, where the cost of the debt is linked to sustainability objectives. The social enterprise has targets focusing on reducing greenhouse gas emissions and improving energy performance certificates (EPCs). Radius provides housing, care and support to 30,000 homes on the island of Ireland. It has a staff of around 1,000 people. It manages 14,000 properties across all 11 council areas in Northern Ireland, with a presence in 80 different towns. Alan Thomson, director of finance at Radius Housing, said: 'Radius Housing is committed to improving the sustainability of our business practices as part of our continual focus on improving the service that we provide to our tenants. 'Agreeing this sustainability linked loan with Danske Bank is the next step on our journey and aligns with our strategy to ensure sustainability is embedded in all of our new and retrofitted homes, helping Radius become one of the most efficient and sustainable housing providers in the region.' News Catch Up - Tuesday 17th June Claire McKeown, corporate relationship manager at Danske Bank said: 'We are delighted to provide this significant financial package to Radius Housing to support them in their mission to become one of the most sustainable and efficient housing providers in Northern Ireland. 'Thanks to close collaboration with Savills Financial Consultants and the legal teams in Shoosmiths, TLT, Anthony Collins and Wilson Nesbitt, we were able to facilitate a quick completion on the funding.' Dominic O'Neill, senior corporate relationship manager at Danske Bank added: 'Danske Bank has been a lead provider of finance to the social housing sector in Northern Ireland for many years and we want to continue to help the sector to thrive and meet the needs of people across Northern Ireland. ' The funding underscores our commitment to sustainable development and supporting communities across Northern Ireland.' Radius have recently welcomed the first tenants into new homes on the £5.4m development in the Oaks Road, Dungannon. It invested £2.43m into the 30 new two-and-three bed homes. The housing provider was also one of the winners at last years Belfast Telegraph Property Awards, picking up a prestigious prize for the Creevagh Heights and Sean Dolan's GAC Community Facilities project in Derry.
