ROCKWOOL A/S Continues Share Buy-Back Program with €160 Million Budget
ROCKWOOL A/S has announced the continuation of its share buy-back program, set to run from February 8, 2024, to February 7, 2025, with a budget of up to 160 million euros. This initiative aims to enhance shareholder value and reflects the company’s confidence in its long-term growth. Recent transactions show the purchase of 405,200 B shares, totaling approximately 1,053,880,669 DKK. For more information, contact Kim Junge Andersen, CFO, at +45 46 55 80 15.
FedEx Earnings Report Focuses on Turbulence at Express and Health of Ground Unit
When FedEx Corp. reports earnings after the market closes on Thursday, much of the focus will likely be on the poor results at the Express unit, the company’s largest by sales. Investors are keen to hear about the progress of Chief Executive Officer Raj Subramaniam’s cost-cutting plan and the rebound of air cargo. Ground, FedEx’s most profitable business, is also a concern as the era of large price increases may be over and there’s a danger that revenue per package may begin to slip.