Business
Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......
Gold producer Barrick Mining reported stronger-than-expected first-quarter earnings, driven mainly by a sharp rise in gold prices, even as production volumes declined compared to the previous year. The company benefited from a significant increase in global gold prices, which reached record levels during......
British online fashion retailer ASOS has announced plans to sell its Lichfield fulfilment centre to rival retailer Marks & Spencer in a deal valued at approximately 66 million pounds, or nearly 90 million dollars. The transaction forms part of ASOS’s broader strategy to simplify its operations,......
British catering giant Compass Group has raised its profit guidance for 2026, supported by strong demand for workplace dining services and a growing number of new business contracts. The company, considered the world’s largest catering provider, announced that it now expects annual underlying......
Activist investor Aspex Management has increased its stake in German food delivery company Delivery Hero to around 15%, strengthening its influence over the company and increasing pressure on Chief Executive Officer Niklas Oestberg. The move follows the purchase of a 5% stake from technology investment......
Lime, the American company known for its shared electric bikes and scooters, is preparing for a potential stock market debut on the NASDAQ with a target valuation estimated at around $2 billion. Founded in 2017 and headquartered in San Francisco, the company has become a major player in urban micromobility.......
CFG Bank has announced a significant leadership change following the decision of Souad Benbachir Hassani to step down from her position as Deputy Chief Executive Officer. During a meeting of the bank’s Board of Directors, chaired by Adil Douiri, Benbachir informed members of her intention to end......
Vodafone Group is considering transferring part of its 19% stake in its Indian joint venture Vodafone Idea into the local unit’s treasury as part of a strategy to strengthen its financial position, according to a report from Bloomberg News. The move is seen as an alternative to injecting fresh......
Attijariwafa Bank has signed a partnership with Nuitée, a technology platform specializing in travel distribution, to integrate an accommodation booking service into its Attijari Mobile application. The move marks a significant expansion of the bank's digital offering, bringing travel services......
ABB India reported a fourth consecutive quarterly decline in profit as rising raw material prices, foreign exchange volatility, and higher operational expenses continued to pressure the company’s margins. The engineering and technology firm announced that profit from continuing operations fell......
Amadeus IT Group has forecast a decline in air travel bookings during the second quarter of the year as geopolitical tensions in the Middle East and airline strikes across Western Europe continue to affect passenger demand. The Spanish travel technology company stated that booking activity remains under......
An investor in Mattel has urged the toy manufacturer’s leadership to explore strategic options, including taking the company private or pursuing a potential sale, as the global toy market faces weakening demand. Southeastern Asset Management, which holds approximately 4% of Mattel’s shares,......
Polish fashion group LPP, owner of brands such as Reserved and Sinsay, reported mixed first-quarter results as strong profitability was offset by weaker sales performance in its key growth segment. The company said that its Sinsay brand, which plays a central role in its international expansion strategy,......
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