Table of Contents:
Strategic purchases by Eni in the stock market
In recent days, Eni announced the purchase of 3,591,665 treasury shares between 13 and 20 October, a transaction that is part of the second tranche of the company’s buyback program. This purchase represents 0.11% of Eni’s share capital, with a weighted average price of 13.9217 euros per share.
The total value of this transaction amounts to 50,001,980.74 euros.
Since the second tranche of the buyback program began, Eni has acquired a total of 120,272,006 treasury shares, equal to 3.66% of the share capital, for a total value of 1,667,565,083.79 euros. Currently, considering the shares already in the portfolio and the purchases made, Eni holds 211,882,333 own shares, corresponding to 6.45% of the share capital. This buyback strategy not only demonstrates the company’s confidence in its value, but it is also a positive sign for investors
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Ryanair aims for a future of growth
Ryanair, the low-cost airline, has announced ambitious plans for the future, expecting to reach 200 million passengers in Europe by 2025. This objective will be supported by a winning strategy and fleet expansion. The company is planning significant investments in Italy and Milan, with an increase in routes and aircraft. This expansion will not only help improve connectivity in Europe, but will also have a positive impact on the local economy, creating new jobs and stimulating tourism
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Impact of trade tensions on Asian markets
Meanwhile, Chinese stock markets closed in the negative due to the prospects of new American tariffs on Chinese imports. The Shanghai index fell 0.89%, while Hong Kong’s Hang Seng lost 1.63%, influenced by the technology sector and President Trump’s policies against Chinese Fentanyl. These trade tensions have generated a climate of uncertainty in the markets, leading to a cautious start for European equities.
At Piazza Affari, the Ftse Mib is essentially unchanged, with a decrease of 0.1%, just above 36,000 points.
Collaboration between technological giants
In another significant development, SoftBank Group, OpenAI and Oracle announced a joint venture for artificial intelligence infrastructure, with an initial investment of 100 billion dollars. This collaboration marks an important step towards technological innovation and the expansion of artificial intelligence capabilities, a rapidly growing sector that promises to transform various aspects of the global economy
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