Bachem cuts fiscal 2026 revenue guidance below consensus

UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an exclusive interview. Speaking with CNBC’s “Europe Early Edition,” UniCredit CEO Andrea Orcel said the bank is happy with its position in Commerzbank, with the bank now closing in on full control of the German lender,…

The bank plans to repurchase at least $1bn of shares over the next three months. Credit: Kittyfly/Shutterstock.com UBS Group has reported net profit attributable to shareholders of $2.8bn in the second quarter of 2026, up from $2.39bn a year earlier. Revenue for the quarter ended 30 June 2026 rose 13% to $13.7bn, compared with $12.11bn…

Prior month revised to -6.6% versus -7.6% previously reported building permits for the month of May -1.7% versus +2.4% estimate. Details of the Report: Overall Total building permits: C$12.4B, -1.7% m/m (-C$215.0M) Decline driven by non-residential weakness, partially offset by residential gains Constant dollar basis (2023=100): Non-Residential Sector Total non-residential permits: C$4.7B, -6.1% (-C$306.1M) Industrial…

Big Tech earnings season starts next week with Google, but the most important number won’t be profit or revenue. It will be how much these companies say they’ll spend on AI data centers. Google, Amazon, Microsoft, and Meta have already laid out plans to spend more than $700 billion this year. Investors know the companies…

Alpaca has launched trading in German equities through Deutsche Börse Xetra, allowing its broker partners to offer access to one of Europe’s largest stock markets. The development marks the first phase of the company’s broader plan to expand access to international equity markets. The rollout follows Alpaca’s European expansion announced in April. The company completed…