Equity Analysis

Galaxy Entertainment: Thriving Amid Macau Rebound

Galaxy Entertainment has successfully navigated Macau's economic rebound, reporting double-digit revenue growth and a significant increase in EBITDA, driven by its flagship property, Galaxy Macau....

Roper Technologies, Inc. : A compounding machine built on niche software

Founded in the late 19th-century as an industrial manufacturer of engineered products, the company has spent the past two decades systematically moving away from cyclical manufacturing toward owning...

SANDVIK posts in-line FY25 amid currency headwinds

SANDVIK met expectations for FY25, but strong currency headwinds, notably the dominance of the US dollar, masked robust underlying trends. Solid demand in Mining and aerospace supports an increased...

Ryanair raises FY26 outlook despite antitrust provision

Ryanair reported a sharp quarterly profit drop after booking a partial provision for an Italy antitrust fine, yet maintained momentum with stronger traffic, firmer fares and earlier Boeing deliveries....

A double blow for Danone

Hit by the risk of potential contamination affecting some of its infant formula, Danone saw its share price suddenly slump on the stock market.

With No Way Out, Fnac Darty Agrees to Be Bought by Daniel Kretinsky

Daniel Kretinsky, who is a big collector of stakes in faltering major European companies, makes the headlines this morning with his bid to buy Fnac Darty.

Vedanta Shines Amid Global Uncertainty

Vedanta Limited has quietly climbed the leaderboard, transforming cyclical swings into a storyline of resilient growth that keeps investors watching. The stock's momentum mirrors a business that is...

Generali and alliance politics

Here we look at the ambitions of Francesco Gaetano Caltagirone, an ally of Giorgia Meloni, to take control of one of Italy's financial pillars.

Partners Group lifts AuM on strong fundraising

Partners Group exceeded guidance with $26bn raised and $27bn invested, taking AuM to $185bn. The performance underscores resilient Fundraising, solid deployment and broad-based momentum across...

Ericsson increases dividend, buyback after Q4 beat

Ericsson posted solid Q4 results with cloud software strength, margin gains and cash generation enabling a higher dividend and a new share buyback. Management guided for stable RAN market in 2026 and...

Galenica maintains FY25 outlook, M&A lifts growth

Galenica posted FY25 sales broadly in line with expectations and slightly ahead of the Swiss market, reaffirmed its earnings and dividend outlook, and highlighted M&A tailwinds amid modest Organic...

BASF outperforms on equity gains, capex savings

BASF’s preliminary FY 2025 guidance broadly matches consensus on core operations, while stronger at-equity results and lower capex bolster free cash flow. Adjusted EBITDA trails slightly, EBIT falls...

Intel Loses More Ground to TSMC

Three back-to-back capital increases have worked extremely well for Intel, whose share price has tripled on the stockmarket this year, despite the number of shares outstanding rising by nearly 6%.

Austal Rides the Right Wave

Austal Limited has been riding a wave of investor enthusiasm, with its share price streak reflecting growing confidence in the business. Behind that momentum, the company's recent financial chapter...

China Tobacco International Profits Despite Bad Weather

The world's largest tobacco company, China Tobacco International is weathering the heat. While H1 2025 revenue lit the bottom line, there are a few niggles on the horizon. For one, there's the...

Getlink still backed by its shareholders

2025 was a lacklustre year for the Eurotunnel operator, in which its consolidated revenue actually fell by 1%.

Aldrees Operational Efficiency Drives Success

Aldrees Petroleum rides a surging global energy wave, blending a vast station network with logistics heft to capture rising demand. Its latest results highlight efficiency gains, while shareholder...

Rio Tinto-Glencore merger seen as last mega-deal

Rising geopolitical frictions have not dented investor appetite for Metals & Mining, with Rio Tinto and Glencore’s merger talks sharpening focus on copper, dealmaking scope, and regulatory risk....

Essity delivers mixed Q4 as volumes lag

Essity posted a mixed fourth quarter, with Profitability exceeding expectations thanks to cost relief, but organic sales slipping as volume and price/mix lost momentum. Investors remain focused on...