Scenarios. Nejra unicredit shares close emerges as theo top contender for the top job at hsbc. Nejra welcome to bloomberg daybreak europe. Overnight, we learned allianz will buy back 1. 6 billion in shares. Allred headline is saying youngs sees operating profits of 11. 512. 5 million euros. The estimate was 12. 4, so that is in line with what was expected. Revenue is a beat on that number. Areyear operating profits 11. 86, the estimate was 11. 7. We will be looking out for a potential positive rebound in the solvency ratio, which is something that showed weakness in recent quarters. Update already had the on the buyback program. We learned the Program Starts next month and runs through december. This is part of returning capital to shareholders because the ceo was unable to pull off big deals he was looking for. That is something we will discuss with the cfo later in the show. Dont miss that interview at 6 30 u. K. Time. We saw records in european stocks on wednesday, but since then, i