Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
9,340 total articles
UBS reduced its 2026 year-end target for the STOXX 600 index to 630 from 650, attributing the revision to heightened energy supply risks stemming from continued disruption in the Strait of Hormuz and a more adverse distribution of macroeconomic outcomes. The firm still assumes 7% earnings growth and a forward P/E of 15.5x, but warns that the durati…
Deutsche Bank upgraded Leonardo SpA to a buy from hold and lifted its price target to €70 from €57 after the Italian defence group set medium-term 2025-2030 targets. The broker described the company’s 9% sales CAGR and 15.5% EBITA CAGR as attainable, pointing to efficiency gains, potential upside in specific units and order momentum linked to geopo…
French builder Vinci has entered into an agreement to acquire the Safeway Concessions portfolio from Macquarie Asset Management for about 150 billion Indian rupees, or $1.60 billion on a debt- and cash-included basis. The package includes nine tolled highway concessions in southeast and western India, totaling almost 700 kilometers and operating un…
A conflict centered around Iran has disrupted oil and petrochemical flows through the Strait of Hormuz, triggering steep price increases and supply shortages in naphtha and other crude derivatives. The shock is reverberating across Asia’s manufacturing and consumer sectors - from instant noodles and snacks to cosmetics, toys and tyres - forcing pro…
Edenred SA shares dropped more than 12% after Italy's competition authority launched an investigation into Edenred Italia over alleged abuse of a dominant position in the meal voucher market. Authorities carried out inspections at company premises and are probing transaction handling changes introduced after caps on reimbursement fees.
On March 26, South Korea's industry ministry said the Financial Services Commission's advisory board approved a 250 billion won ($166 million) direct investment into Rebellions, a domestic startup that designs neural processing units. The funding, approved at a fund management committee meeting for the state-led National Growth Fund, is intended to…
Shares of 3i Group fell more than 4% on Thursday after the firm released a trading update showing weaker recent like-for-like sales momentum at its flagship portfolio business Action. Despite the softer short-term trading signal, 3i left its full-year 2026 outlook intact, including guidance on sales growth, store openings and margin expectations.
Google's top legal executive in India, Bijoya Roy, has resigned after 16 months on the job, according to two sources. Her departure comes as the company contends with multiple regulatory and legal challenges in India, and while a government relations head remains absent. The company is simultaneously pursuing a large AI infrastructure investment in…
Henkel has reached an agreement to buy Olaplex in a $1.4 billion cash transaction aimed at expanding the German group's premium hair care offerings. The $2.06-per-share offer represents a substantial premium to recent trading levels, and follows Olaplex reporting $423 million in sales in 2025. Advent International is selling its stake, which amount…
Indonesia's IDX Composite Index closed down 1.69% after losses concentrated in the Infrastructure, Financials and Agriculture sectors. Market breadth was negative, with decliners outnumbering advancers by a wide margin. Several small-cap shares posted large intraday swings while global commodity and currency moves accompanied the session.
Uber Technologies, Chinese autonomous driving firm Pony.ai and Croatian startup Verne have formed a partnership to introduce the first commercial robotaxi service in Europe, beginning operations in Zagreb. Pony.ai will provide the driving technology, Verne will own and operate the fleet, and Uber will integrate the service into its global ride-hail…
European equity benchmarks opened lower as investors reacted to evolving reports that Tehran is reviewing a 15-point U.S. peace proposal, while conflicting public statements from U.S. and Iranian officials and sustained oil market disruptions kept risk appetite muted. Elevated crude prices and comments from the European Central Bank about the possi…
Porsche SE posted adjusted after-tax earnings of €2.9 billion for fiscal 2025, a decline of about 9% from the prior year. The holding company said net debt eased slightly to €5.1 billion and that gains from smaller portfolio stakes generated €193 million, helping to mitigate pressure from wider automotive costs. Management signalled diversification…
KSB recorded a 2.3% year-over-year increase in sales for 2025, pushing revenues past €3 billion. The company's EBIT climbed 3.2% to €252.1 million, lifting the margin to 8.3%. Management has proposed a €26.50 dividend per ordinary share. Growth was driven by the Pumps segment, notably the Water Market, while currency translation effects and higher …
Playtech reported a 10% year-on-year fall in revenue for fiscal year 2025, with adjusted EBITDA down 37% and results missing analyst expectations. The company completed the Snaitech disposal and paid a €1.8 billion special dividend. A restructured agreement with Caliente Interactive shifted revenue from B2B to investment income, while US revenue ne…
Oxford BioMedica reported preliminary 2025 revenue of £168.70 million, up 33% year-on-year and ahead of a consensus £166.22 million from eight analysts. The company delivered positive operating EBITDA of £2.30 million despite a full-year operating loss of £22.50 million. Revenue gains were driven by increased GMP lentiviral vector manufacturing, ri…
Tribal Group reported preliminary results for fiscal 2025 showing a 4% rise in revenue to £92.5 million and an 8% increase in adjusted EBITDA to £17.5 million. The company attributed the improvement to stronger recurring income from cloud and subscription offerings, including the roll-out of its HEFS subscription model, which helped lift annual rec…
Morgan Stanley identifies optics as an emerging choke point for AI datacenter buildouts as bandwidth needs exceed the physical limits of copper. The firm projects roughly a 40% compound annual growth rate for Europe’s addressable optical market through 2028 and upgrades several European semiconductor and equipment names, citing differentiated posit…
Czechoslovak Group reported 2025 revenues about 5% above analyst expectations, helped by strong sales in large ammunition and defence electronics. The company exceeded its own €6.4bn revenue guidance and delivered an adjusted EBIT margin of 24.1%, at the lower end of its guided range. Performance was uneven: Defence Systems outperformed forecasts w…
THG reported FY25 adjusted EBITDA of THG Plc reported adjusted EBITDA for the fiscal year 2025 of
Qantas Airways is increasing capacity to Europe by redeploying Boeing 787 aircraft from U.S. services and shifting some A330 domestic flying to international sectors. The move, part of a wave of upgrades by carriers responding to changed travel patterns after Gulf hub closures, includes more frequent services to Rome, Paris and Singapore and contin…
PORR AG reported full-year 2025 results showing significant cash generation that outpaced analyst expectations. The construction group delivered higher EBIT, improved quarterly margins and stronger net cash, while order intake weakened in some regions. Management confirmed guidance for 2026 and maintained its long-term EBIT margin target through 20…
Serica Energy reported a $52 million net loss for fiscal 2025 but delivered stronger-than-expected operating cash metrics and hedging gains. A $56 million post-tax payment from TotalEnergies tied to the Greater Laggan Area acquisition is expected to reduce year-end net debt of $200 million by more than half in the first quarter. Production was hamp…
Morgan Stanley has identified four companies in India’s industrials and utilities complex that it views as well-placed to benefit from rising electricity demand and an ambitious program of capacity additions. The bank’s selection emphasizes firms with large expansion plans, proven execution models and exposure across thermal generation, renewables,…
Oxford BioMedica has confirmed its full-year 2026 financial guidance, maintaining expected revenues of £220-240 million at constant exchange rates and projecting an EBITDA margin of approximately 10%. The company reports that 60% of the revenue range is covered by contracted client orders, rising to over 80% when a risk-adjusted pipeline is include…
