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Watches of Switzerland May Abandon £3 Billion Revenue Target as Luxury Watch Market Cools
Stocks

Watches of Switzerland May Abandon £3 Billion Revenue Target as Luxury Watch Market Cools

Watches of Switzerland may drop its £3 billion revenue target for fiscal 2028 as the luxury watch market cools. Shares fell as much as 9.5%

Marcus Devlin ·
Bernstein Warns H&M's Easy Margin Gains Are Fading as Demand Stays Soft
Stocks

Bernstein Warns H&M's Easy Margin Gains Are Fading as Demand Stays Soft

Bernstein warns that H&M's recent margin improvements from supply chain fixes are largely behind it. With demand still soft in key markets l

Eleanor Whitfield ·
PENN's Hollywood Aurora Casino Could Drive $53M EBITDA, Analyst Says
Stocks

PENN's Hollywood Aurora Casino Could Drive $53M EBITDA, Analyst Says

Truist Securities sees PENN Entertainment's $360 million Hollywood Aurora casino as a key profit driver, projecting a 15% cash-on-cash retur

Marcus Devlin ·
Covista's Chamberlain Nursing Unit Shows Growth Signs; Truist Eyes 2026 Partnership
Stocks

Covista's Chamberlain Nursing Unit Shows Growth Signs; Truist Eyes 2026 Partnership

Covista's Chamberlain nursing-school unit posted back-to-back quarters of double-digit application growth, signaling a potential rebound. Tr

Eleanor Whitfield ·
Lululemon Ends Boardroom Fight as Founder Chip Wilson Accepts 18-Month Standstill
Stocks

Lululemon Ends Boardroom Fight as Founder Chip Wilson Accepts 18-Month Standstill

Lululemon shareholders have backed management's board nominees, ending a public dispute with founder Chip Wilson. Wilson accepted an 18-mont

Marcus Devlin ·
Diageo's New CEO Faces 18-Month Revenue Squeeze as Strategy Shifts Focus
Stocks

Diageo's New CEO Faces 18-Month Revenue Squeeze as Strategy Shifts Focus

Investment bank Berenberg says Diageo's new CEO Dave Lewis has a sensible fix for supply chain issues, but revenue pressure could persist fo

Eleanor Whitfield ·
Berenberg Cuts Vistry Target as Buyer Pullback Squeezes Margins and Cash Flow
Stocks

Berenberg Cuts Vistry Target as Buyer Pullback Squeezes Margins and Cash Flow

Berenberg cut its price target for UK homebuilder Vistry to £2.63 from £3.40, citing tougher pricing and cost inflation. The bank now sees F

Marcus Devlin ·
SpaceX's Russell Index Debut Could Trigger $3 Billion in Forced Buying at Friday's Close
Stocks

SpaceX's Russell Index Debut Could Trigger $3 Billion in Forced Buying at Friday's Close

SpaceX is set to join FTSE Russell's US indexes after Friday's close, a move that could trigger nearly $3 billion in forced buying from pass

Eleanor Whitfield ·
Berenberg Upgrades Barratt Redrow to Buy After 43% Drop, Sees Asset Value Support
Stocks

Berenberg Upgrades Barratt Redrow to Buy After 43% Drop, Sees Asset Value Support

Berenberg has upgraded Barratt Redrow to 'buy' after a 43% share-price drop, arguing the stock is cheap at 0.6 times tangible net asset valu

Marcus Devlin ·
Renk's 8% Drop Overhyped as Analysts See Limited Downside from F126 Cancellation
Stocks

Renk's 8% Drop Overhyped as Analysts See Limited Downside from F126 Cancellation

Renk Group shares dropped 8% after Germany canceled its F126 frigate program, but Mwb Research upgraded the stock to buy, arguing the sell-o

Eleanor Whitfield ·
Wise Launches Record $500 Million Buyback After US Listing Shift
Stocks

Wise Launches Record $500 Million Buyback After US Listing Shift

Wise has unveiled a $500 million share buyback, its biggest ever, alongside fiscal 2026 results. The cross-border payments firm will split r

Marcus Devlin ·
Lotus Considers US Production for Hybrid Eletre X After Tariffs Slash Overseas Deliveries 46%
Stocks

Lotus Considers US Production for Hybrid Eletre X After Tariffs Slash Overseas Deliveries 46%

Lotus Technology is considering building its plug-in hybrid Eletre X SUV in the US after tariffs contributed to a 46% decline in internation

Eleanor Whitfield ·