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Compass Group Sees Surge in First-Time Outsourcing from Hospitals and Schools
Stocks

Compass Group Sees Surge in First-Time Outsourcing from Hospitals and Schools

Compass Group says first-time outsourcing drove 51% of new business in the six months to March. Hospitals and schools are increasingly turni

Marcus Devlin ·
MSCI Shares Slide 7% on Higher Cost Outlook Despite Strong Fee Growth
Stocks

MSCI Shares Slide 7% on Higher Cost Outlook Despite Strong Fee Growth

MSCI raised its full-year 2026 cost outlook, overshadowing a 26.6% jump in asset-based fees. Shares fell more than 7% as investors focused o

Eleanor Whitfield ·
D.R. Horton Slashes 2026 Revenue Forecast as Incentives and Costs Bite
Stocks

D.R. Horton Slashes 2026 Revenue Forecast as Incentives and Costs Bite

D.R. Horton lowered its 2026 revenue outlook to $32.5-$33.0 billion, below analyst estimates, as it offers more buyer incentives and faces r

Marcus Devlin ·
RBC Cuts Sodexo's Long-Term Earnings View but Lifts Target to €52 on CEO's Recovery Plan
Stocks

RBC Cuts Sodexo's Long-Term Earnings View but Lifts Target to €52 on CEO's Recovery Plan

RBC Capital Markets trimmed its long-term earnings outlook for Sodexo, penciling in €1 billion in transformation costs and lower FY27-28 for

Eleanor Whitfield ·
RBC Sees South32's Future in Base Metals After Aluminum Sale to Alcoa
Stocks

RBC Sees South32's Future in Base Metals After Aluminum Sale to Alcoa

RBC Capital Markets raised its price target on South32 to AU$5.30 after the company's FY26 update. The bank expects the planned US$5.6 billi

Marcus Devlin ·
Schindler Sales Slip as China Building Slump Hits New Elevator Orders
Stocks

Schindler Sales Slip as China Building Slump Hits New Elevator Orders

Elevator maker Schindler reported a 0.7% drop in quarterly revenue to 2.74 billion Swiss francs, as new-installation orders in China fell mo

Eleanor Whitfield ·
OCS to Acquire Mitie in £3.1 Billion Deal Creating Facilities Management Giant
Breaking

OCS to Acquire Mitie in £3.1 Billion Deal Creating Facilities Management Giant

OCS Group International has agreed to acquire Mitie for £3.1 billion in cash, offering 221.6p per share—a 46.8% premium. The deal will creat

Marcus Devlin ·
Revolution Beauty Turnaround Gains Momentum as Co-Founders Return, Tariff Costs Offset
Stocks

Revolution Beauty Turnaround Gains Momentum as Co-Founders Return, Tariff Costs Offset

Revolution Beauty says its turnaround is taking hold, with fiscal 2027's second quarter improving after a better-than-expected first quarter

Eleanor Whitfield ·
Italy Inc. Faces Busy Week: Defense Deals, Bank Merger Chatter, and Corporate Updates
Stocks

Italy Inc. Faces Busy Week: Defense Deals, Bank Merger Chatter, and Corporate Updates

Leonardo's helicopter deal with Saudi Arabia and fresh merger speculation around Monte dei Paschi highlight a busy week for Italian companie

Marcus Devlin ·
Zhongji Innolight Targets $8 Billion Hong Kong IPO at Discount to Shenzhen Price
Stocks

Zhongji Innolight Targets $8 Billion Hong Kong IPO at Discount to Shenzhen Price

Zhongji Innolight, a key supplier of optical transceivers for data centers and AI, is launching a Hong Kong share sale aiming to raise at le

Marcus Devlin ·
Victory Giant Technology Offers Stock Incentives to Staff, Shares Rise
Stocks

Victory Giant Technology Offers Stock Incentives to Staff, Shares Rise

Victory Giant Technology plans to offer staff up to 4.86 million restricted A shares and a 700 million yuan employee share plan. The PCB mak

Eleanor Whitfield ·
Prysmian Lands $6.3B Data Center Cable Deal; Ryanair Profit Drops 33%
Stocks

Prysmian Lands $6.3B Data Center Cable Deal; Ryanair Profit Drops 33%

Prysmian has won a $6.3 billion deal to supply cables for data centers, riding the AI boom. Meanwhile, Ryanair's quarterly profit fell by a

Eleanor Whitfield ·