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.
30,207 total articles
Safestore reported H1 revenue of £120.60 million, up 6.9% year-on-year, driven by new store openings and like-for-like gains. Adjusted diluted EPRA earnings per share increased 2.1%, and adjusted EBITDA reached £67.90 million. However, operating profit fell 52.8% to £53.30 million, with pretax profit at £36.30 million. The company warned of increas…
RWS Holdings reported a 5% year-on-year rise in first-half revenue, driven by strong uptake of its TrainAI product in the Generate segment. Adjusted basic EPS increased 34% and adjusted profit before tax rose 33%, supported by efficiency measures. Management trimmed the interim dividend and flagged a modest foreign exchange headwind and a near-term…
Norcros reported a 10.6% rise in full-year revenue to £393.40 million, a hair below the consensus of £393.94 million. Adjusted earnings per share, adjusted operating profit and adjusted pretax profit exceeded analyst estimates, supported in part by the completed acquisition of Fibo and a withdrawal from tile manufacturing in South Africa. The group…
GSK has agreed to buy U.S. biotech Nuvalent for $10.6 billion in a deal codenamed Project Nashville, bringing two late-stage lung cancer therapies that could see U.S. approval this year. The acquisition marks the largest in GSK’s history and advances CEO Luke Miels’ program to rebuild the company’s oncology presence after its 2015 exit from the fie…
Taiwan stocks closed higher on Thursday, with the Taiwan Weighted climbing 2.76%. Strength in Electronic Parts/Components, Financials and Optoelectronic sectors pushed the index upward. Several individual issues posted double-digit gains, while a handful of names recorded sharp declines and multi-year lows. Commodity and currency moves were mixed, …
Shares of Alibaba and JD.com fell sharply after Beijing regulators reprimanded several leading online shopping platforms for irregularities in high-profile subsidy and promotional campaigns. The Beijing Municipal Administration for Market Regulation summoned representatives from five platforms and identified problems including misleading advertisin…
Compagnia di San Paolo, the Turin-based banking foundation, has publicly endorsed Intesa Sanpaolo's unsolicited €30.6 billion cash-and-share proposal to acquire Banca Monte dei Paschi di Siena. The foundation, which holds about 6.6% of Intesa, said the transaction would be positive for shareholders and bolster the banking sector in Italy. If the de…
Longfor Properties' shares climbed after the developer reported contracted sales of roughly RMB 13.67 billion in the first five months of 2026, with May accounting for about RMB 3.32 billion. The result, together with an upgraded price target from Morgan Stanley and a unanimous Buy consensus among covering analysts, helped lift the stock even as th…
Shares of FS.COM (SEHK:3355) climbed 10.7% to HK$32.98 on Thursday after the company unveiled a program to repurchase as much as 5% of its issued H share capital through open market purchases, with a ceiling of HK$350 million (approximately $44.67 million). Management said the move reflects the board's confidence in the group's long-term prospects …
Core Lithium shares climbed as much as 6.3% on Thursday following the company's plan to divest exploration assets in Australia's Northern Territory and South Australia into a separately listed gold explorer, Axiant Resources. The spin-out will be pursued via an initial public offering, and Core Lithium intends to lodge a prospectus with the Austral…
JD.com’s Hong Kong-listed shares slipped 3.3% to HK$108.50 after Chinese state broadcaster CCTV reported that Beijing’s market regulator had summoned the company over allegations of false advertising. The decline followed an overnight drop in the company’s ADRs amid ongoing regulatory scrutiny in Europe tied to JD’s proposed €2.2 billion acquisitio…
Shareholders at Target voted at the company’s annual meeting to reject a proposal that would have divided the board chair role from executive leadership, allowing former CEO Brian Cornell to remain executive chair. Voters also turned down proposals requesting pesticide reporting on private-label goods and efforts to reduce microfiber emissions from…
Changchun has published a draft through 2030 to restructure its long-established auto industry, leveraging FAW Group's headquarters to attract partners and targeting high-growth electric-vehicle companies including BYD and Xiaomi to establish production bases, R&D centres, or key component projects. The draft projects deep consolidation in China’s …
Keurig Dr Pepper shares declined in after-hours trading after news that a major shareholder intends to sell 59.1 million shares through an unregistered block trade marketed below the prior session's price. The transaction - being handled by JPMorgan Chase and priced in a $31.10 to $31.70 range - added to prior large secondary offerings and coincide…
South Korea's Personal Information Protection Commission has fined U.S.-listed Coupang LLC 624.7 billion won ($409 million) over a large-scale data breach that exposed the details of in excess of 33 million users. The sanction, described by authorities as the largest privacy penalty in South Korea, follows a government-led investigation that attrib…
Asian equities declined Thursday, weighed down by a continued slump in technology stocks and fresh military confrontations between the United States and Iran. Major Asian tech-heavy indexes posted losses exceeding 1%, while investor concern about inflation and oil price volatility added to the negative mood.
Bank of America has elevated Five Below to its preferred idea within the food retailers group following a recent share-price pullback. The bank reiterated a Buy rating, pointing to merchant-led actions - including new price-tier strategies, a focus on novelty and improved seasonal and license-driven merchandising - and marketing efforts it expects …
The U.S. Department of Justice formally moved to dismiss its long-running criminal prosecution of Turkey's state-owned Halkbank, following a March settlement that imposed monitoring and transactional restrictions. Prosecutors reported no compliance violations after a 90-day review and asked a Manhattan judge to approve the dismissal, while the bank…
SK Hynix shares recovered from early losses to finish higher after reports that the company plans to triple wafer production capacity by 2034 to serve rising demand for advanced memory used in artificial intelligence. The move helped the KOSPI claw back some ground, even as Samsung shares slipped and broader concerns about profit-taking and interes…
OpenAI is reportedly contemplating substantial reductions in the prices it charges per token for its AI services as competition with Anthropic heats up. The move, which remains under discussion, is seen as a response to anticipated price cuts by Anthropic and growing customer concern about AI deployment costs. Executives say margins at both firms c…
OpenAI CEO Sam Altman will travel to South Korea next week to meet with executives at Samsung Electronics, with a scheduled visit to the company's Suwon office on Monday. The discussions and a planned lecture will center on integrating artificial intelligence into Samsung's operations and strategies for AI-driven workplace innovation. The visit fol…
Asian equity benchmarks weakened on Thursday after a Wall Street selloff sparked by stronger-than-expected U.S. inflation data, while fresh U.S. strikes on Iran drove oil prices higher. MSCI’s broad Asia-Pacific index outside Japan fell 0.9%, South Korea’s KOSPI led losses, and futures pointed to lower S&P 500 levels. The dollar held firm, U.S. Tre…
Delays and restrictions in China’s export licensing for indium phosphide (InP) have surfaced as a bottleneck for photonics supply chains essential to high-speed optical chips in AI data centres. The issue prompted senior industry engagement at the highest political level and has pushed wafer prices sharply higher, strained supplier relationships an…
Shareholders at Target declined an investor proposal to separate the board chair role from executive oversight, allowing former CEO Brian Cornell to remain as executive chair with operational oversight. Additional proposals on pesticide reporting for private-label products and reducing microfiber emissions were also rejected, and all director nomin…
Madison Square Garden Sports abruptly canceled a planned outdoor watch party for Game 4 of the NBA Finals after the city approved a limited-capacity, ticketed event and police tightened security around the arena. Team owner James Dolan sharply criticized Mayor Zohran Mamdani and NYPD leadership, saying the rules left too many fans excluded. The dis…
