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Volkswagen bets on Xpeng-built SUV to reverse China sales slump
Stocks

Volkswagen bets on Xpeng-built SUV to reverse China sales slump

Volkswagen has opened presales for the ID. UNYX 09, an electric SUV co-developed with Xpeng, priced from 199,900 yuan. The move is part of i

Marcus Devlin ·
Vistry cuts profit forecast to £165m, sets £470m turnaround plan
Stocks

Vistry cuts profit forecast to £165m, sets £470m turnaround plan

Vistry, Britain's biggest affordable homebuilder, has slashed its fiscal 2026 profit forecast to £165 million and unveiled a £470 million tu

Eleanor Whitfield ·
Braskem creditors demand $3B from Petrobras, IG4 in debt talks
Stocks

Braskem creditors demand $3B from Petrobras, IG4 in debt talks

Braskem's bondholders are pressing its controlling shareholders, Petrobras and IG4 Capital, to inject $3 billion as the company works to res

Eleanor Whitfield ·
Firmus's $5B IPO tests investor appetite for AI data centers
Stocks

Firmus's $5B IPO tests investor appetite for AI data centers

Firmus, a Blackstone-backed data center operator, is aiming for a $5 billion IPO on the ASX on October 22, even as it expects a $77 million

Marcus Devlin ·
Rio Tinto expands trading arm to boost third-party metal deals
Stocks

Rio Tinto expands trading arm to boost third-party metal deals

Rio Tinto is looking to grow its marketing business by trading more metal for third parties and using derivatives, with alumina and North Am

Eleanor Whitfield ·
Qalaa Holdings revenue jumps 52%, plans five IPOs in two years
Stocks

Qalaa Holdings revenue jumps 52%, plans five IPOs in two years

Qalaa Holdings, an Egyptian industrial group, saw first-half revenue surge 52% to EGP 94.7 billion. The company also plans to float five fas

Marcus Devlin ·
Jefferies: NRW's Fredon Wins AU$115M Melbourne Data Center Deal
Stocks

Jefferies: NRW's Fredon Wins AU$115M Melbourne Data Center Deal

NRW Holdings' Fredon unit won a AU$115 million contract for stage one of Stack's MEL03 data center in Melbourne. Jefferies sees more work ah

Eleanor Whitfield ·
SoftBank-backed Carro weighs Singapore IPO with Nasdaq dual listing
Stocks

SoftBank-backed Carro weighs Singapore IPO with Nasdaq dual listing

Carro, the SoftBank-backed used-car marketplace, is exploring a Singapore listing that could also see its shares trade on Nasdaq. Bloomberg

Marcus Devlin ·
McDonald's revamps loyalty program with tiered perks to boost visits
Stocks

McDonald's revamps loyalty program with tiered perks to boost visits

McDonald's is restructuring its loyalty program into tiers, targeting its 220 million active members who drive about 30% of sales. The move

Eleanor Whitfield ·
Microsoft and activist investor agree to keep shareholder proposal rules for a year
Stocks

Microsoft and activist investor agree to keep shareholder proposal rules for a year

Microsoft has agreed to keep its current shareholder proposal eligibility thresholds in place for a year, giving the SEC time to review its

Marcus Devlin ·
Oppenheimer: Viatris Is More Than a Generics Play, Stock Looks Mispriced
Stocks

Oppenheimer: Viatris Is More Than a Generics Play, Stock Looks Mispriced

Oppenheimer initiated coverage on Viatris, saying the market is pricing it like a fading generics business. The bank highlights new product

Marcus Devlin ·
Oppenheimer: OSI Systems' pullback looks overdone on defense demand
Stocks

Oppenheimer: OSI Systems' pullback looks overdone on defense demand

Oppenheimer argues OSI Systems' recent stock decline is overdone, pointing to steady demand from US border security and defense programs. Th

Marcus Devlin ·