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29,905 total articles
Skandinaviska Enskilda Banken reported higher second-quarter profits driven by robust client activity, record net fee and commission income and increased lending volumes. The board approved a new quarterly share repurchase programme after completing the prior buyback, while the bank maintained its 2026 cost target and continued investments in techn…
ASML reported second-quarter revenue and net income above analyst expectations, driven by capacity expansion from companies building chips for artificial intelligence. The Dutch supplier, sole producer of extreme ultraviolet lithography systems, also confirmed Intel will use its new High-NA tool for some advanced
TomTom NV reported a net profit of 7.2 million euros for the second quarter ending June 30, 2026, reversing a year-earlier loss. Revenue slipped 5% to 119.4 million euros, driven by weaker automotive and enterprise sales, but a 24% reduction in operating expenses helped produce the profit. The company reiterated full-year revenue and margin guidanc…
Cdon reported a second-quarter loss as the company stepped up spending on growth initiatives, shifting marketing toward paid performance channels and front-loading investments that reduced profits. Revenue and gross merchandise value rose year-over-year, while operating and EBITDA results were negative for the quarter.
Norwegian offshore vessel operator Solstad Maritime reported second-quarter adjusted EBITDA of $88 million, driven by increased fleet activity and stronger utilization in its AHTS segment. The company raised its 2026 full-year adjusted EBITDA guidance to $360 million-$390 million and declared a Q2 dividend of $0.1 per share, totaling roughly $47 mi…
Norrhydro reported essentially flat revenue for the first half of 2026, with sales edging up 0.14% year-over-year to EUR 14.90 million. The company delivered higher profitability metrics, including an H1 EBITDA margin of 9.0% versus 8.2% a year earlier, and provided full-year guidance that assumes recovery in the latter half of 2026. However, new o…
Hexatronic Group AB reported second-quarter net sales of SEK 2.25 billion, representing 11% organic growth. Adjusted EBITA rose 33% and net income reached SEK 131 million. The Fiber Solutions and Data Center divisions were primary contributors to growth, while the Harsh Environment unit lagged due to product mix and project delays. The company comp…
Swedish engineering consultancy AFRY posted second-quarter net sales of SEK 6.51 billion, narrowly exceeding the SEK 6.48 billion average estimate from four analysts, while adjusted EBITA came in below consensus. The company said it has completed a restructuring program and is moving its focus toward organic growth, though improvements in backlog a…
Norwegian hydrogen technology company Nel reported second-quarter revenue of NOK 182 million, below the three-analyst consensus of NOK 186.67 million. The company reported a net loss of NOK 189 million and an EBITDA loss of NOK 155 million, which was affected by a NOK 70 million settlement charge tied to Iwatani. Order intake surged 224% year-over-…
Italian edge AI specialist Seco reported a slight year-on-year increase in preliminary first-half net sales and an improvement in gross margin to 54.0% from 53.4%. Growth was led by edge computing sales and recurring revenue from the Clea business, which generated €7.4 million in H1 with recurring revenue up 12% year-on-year. The company expects th…
Intel has started using ASML's high numerical aperture (High NA) extreme ultraviolet (EUV) lithography machine to manufacture portions of its Panther Lake laptop processors. The move follows experiments that began in 2024 and is intended to generate production data and optimization insights for both Intel and ASML, while the industry continues to d…
Japan's information technology sector declined after IBM issued a downbeat revenue outlook and said customers are reallocating spending toward servers, storage and memory to secure AI infrastructure, delaying software purchases. The warning knocked IBM shares down about 25% overnight and pressured Japanese IT services and software-related stocks, w…
Tasly Pharmaceutical shares rose after the company reported H1 2026 results showing RMB 8.93 billion in net profit attributable to shareholders, a roughly 15.2% year-over-year increase, and an adjusted net profit gain of about 36% excluding non-recurring items. The results outpaced market expectations even as revenue slipped about 2.0% to RMB 42.01…
Ather Energy’s shares climbed after Hero MotoCorp’s board approved an investment of up to ₹10 billion via preferential allotment. The move comes as Ather pursues a broader capital raise of up to ₹2,500 crore, backed by robust retail sales and year-on-year revenue growth in FY26 that has narrowed losses and bolstered its institutional fundraising ca…
China National Building Material Co Ltd warned shareholders it expects an unaudited loss of about RMB 890 million for the six months ended June 30, 2026, versus a profit of about RMB 1.36 billion a year earlier. The stock plunged more than 10% on the announcement as the company cited falling selling prices for cement, ready-mix concrete and aggrega…
SK Hynix shares climbed sharply in Seoul trading as a broad advance in U.S. technology stocks and optimistic analyst commentary around AI-led memory demand boosted investor appetite. The rally followed a steep, record decline after the company’s Nasdaq listing, and came alongside a strong rebound in its U.S.-listed ADRs. Barclays initiated coverage…
Stripe and private equity firm Advent International have together offered to acquire PayPal in a transaction valuing the payments company at more than $53 billion. The proposal, lodged earlier in July, would pay $60.50 a share - about a 28% premium to the stock's close on Tuesday - and is supported by approximately $50 billion of committed financin…
Most Asian currencies traded in tight ranges as investors adopted a cautious stance amid renewed military activity involving Iran and elevated oil prices. Softer U.S. consumer inflation lifted the dollar off recent highs but did not trigger broad gains for regional currencies. China reported mixed second-quarter data that helped the yuan outperform…
Most Asian stock markets advanced following U.S. consumer price data that was weaker than expected, which reduced the likelihood of an imminent Federal Reserve rate hike. Gains were capped by renewed geopolitical tensions after U.S. statements on Iran and a U.S. blockade on Iranian-linked shipping. South Korea led regional moves as chipmakers poste…
Payments firm Stripe and private equity investor Advent International have presented a joint proposal to buy PayPal for $60.50 a share, a bid that values the company at over $53 billion. The offer, delivered earlier this month, is supported by approximately $50 billion in committed bank financing and represents roughly a 28% premium to PayPal's clo…
Three artificial intelligence chip companies are pursuing substantial capital raises that, if completed as discussed, would substantially raise their private valuations. FuriosaAI is reported to be seeking $500 million or more at a valuation above $2 billion; Nuvacore is nearing an additional raise of roughly $200 million or more; and d-Matrix is i…
SoftBank Group Corp. shares fell 3.2% to ¥6,367 on Wednesday, pressured by a nearly 6% slide in Arm Holdings following an HSBC downgrade that questioned further AI-driven upside. Investors reacted with caution after CEO Masayoshi Son's expansive AI investment forecasts at SoftBank World 2026 and amid a stretched timeline for monetizing the company'…
DeepSeek, an artificial intelligence company based in Hangzhou, is advancing preparations to file for an initial public offering in mainland China later this year while engaging potential investors for a new private financing round that would value the firm at at least 480 billion yuan ($71 billion). The company is also finalizing financial stateme…
DBS Group has announced an ambition to grow assets under management in its wealth business to more than S$1 trillion (about $774 billion) by 2030. The goal spans the bank’s retail and wealth segments and implies an increase of roughly S$400 billion from the S$632 billion in AUM recorded at the end of 2025. The bank plans a substantial recruitment d…
Employees at BHP's Port Hedland iron ore operations have confirmed an eight-hour stoppage after a latest bargaining session failed to yield a new four-year workplace agreement. The strike, set for Thursday afternoon into the evening local time, targets one of the world's largest iron ore export facilities and comes on the same day BHP will publish …
