We Raise Zozo's Fair Value Estimate on Better Margin Outlook
Our fair value estimate of Zozo is JPY 4,880 per share, which implies 26 times 2025 earnings.
Orsted Narrows Guidance But Cautions on Costs at U.S. Offshore Project
Orsted raised the lower-end of its earnings guidance range after booking a hefty provision reversal, but cautioned that problems at one of its U.S. offshore projects will see costs rise. "Revolution ...
Vodafone's U.K. Merger With Three Could Go Through With Remedies, Regulator Says
Vodafone Group's deal to merge its U.K. business with rival operator Three can move forward if competition concerns are addressed through network investment and customer protections, the U.K.'s ...