Taylor Wimpey share price continued its relentless freefall, reaching its lowest level July 2023, down by over 46% from its since July 2023. It has plunged by over 45% from its highest point in October 2024, erasing billions of dollars in value. This crash may continue in the foreseeable future…
Airbus reported a sharp decline in first-quarter earnings on Tuesday, as supply chain disruptions—particularly engine shortages—curbed aircraft deliveries and weighed on profitability.Adjusted operating profit fell 52% year-on-year to 300 million euros, well below analyst expectations of 348 million euros. Revenue declined 7% to 12.65 billion euros in the three months…
Asian markets began on Wednesday on an uneven footing as investors weighed multiple factors.The sentiment appeared cautious following a technology-led selloff in the United States, fresh concerns about the sustainability of AI spending, and lingering tension surrounding the Iran conflict.The tone across the region is not outright risk-off, as traders…
The US stock market has seen a massive reallocation of capital toward artificial intelligence (AI) infrastructure stocks in recent years.Yet, a paradox has emerged – several of the sector’s most indispensable leaders are still trading at valuations that arguably discount their multi-year growth trajectories.For disciplined investors, bargains are no longer…
Shares of Maruti Suzuki India rose 4% on Wednesday after investors looked past the carmaker’s weaker-than-expected quarterly profit and instead focused on stronger volume prospects, resilient demand for small cars and an aggressive capacity expansion plan.The reaction suggested the market was willing to forgive near-term margin pressure in favour of…
Taiwan Semiconductor Manufacturing Co has sold its remaining stake in Arm Holdings for about $231 million, completing its exit from the British chip designer after gradually cutting the position over the past year, according to a company filing. The sale was carried out by TSMC Partners, a TSMC subsidiary, which…
UBS Group posted first-quarter net profit of $3 billion, comfortably ahead of analyst expectations, as the Swiss bank benefited from strong client activity and revenue growth across its business lines.The result compared with an average estimate of $2.3 billion in a company-provided poll of analysts and marked a stronger-than-expected start…
Adidas reported first-quarter operating profit of €705 million, beating analyst expectations as robust demand for apparel and performance categories helped the German sportswear group start 2026 on a strong footing. The result was above the €647 million average estimate in a company-compiled analyst consensus and marked a 16% increase from…
Deutsche Bank reported its highest-ever profit under CEO Christian Sewing on Wednesday, despite an increase in credit risk provisions and negative currency impacts.Germany’s largest lender recorded a net profit attributable to shareholders of 1.912 billion euros ($2.22 billion) for the quarter.This compares with 1.775 billion euros in the same period…
Demand for Huawei’s Ascend 950 artificial intelligence chips has surged following the release of DeepSeek’s V4 model, which runs on the Shenzhen-based company’s hardware, as per a Reuters report.Major Chinese internet companies, including ByteDance, Tencent, and Alibaba, are actively reaching out to Huawei to secure new chip orders, the sources…