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Spirax Group (LON: SPX) Shares Tumble 10% Despite H1 Revenue Rising 5% to £863.8 Million
Spirax Group (LON: SPX) shares fell nearly 10% on Tuesday, August 11, 2026, even as the industrial engineering company reported stronger first-half results. Revenue rose 5% year on year to £863.8 million, while adjusted operating profit increased 8% to £171.1 million. The sell-off came as investors focused on the company’s unchanged full-year outlook. With expectations…
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
Asian Markets Today: South Korea’s KOSPI Gains 0.8%, China Stocks Lag as Oil Prices and Fed Rate Risks
Asian markets traded mixed on August 11, 2026. South Korea’s KOSPI gained 0.8% to around 6,348, helped by a strong rally in semiconductor stocks. Chinese shares lagged as investors weighed higher oil prices and renewed geopolitical risks. Brent crude climbed above $88 a barrel as uncertainty over the Strait of Hormuz continued. Markets are now…
Tesla (NASDAQ: TSLA) and SpaceX Plan $16.8 Billion Texas Chip Factory Spanning 100 Million Square Feet
Tesla and SpaceX confirmed plans Thursday, August 6, 2026, to build a massive semiconductor factory called Terafab in Grimes County, Texas. The initial investment stands at $16.8 billion, with the facility spanning more than 100 million square feet. Elon Musk, CEO of both companies, called it “the largest and most valuable building on Earth by…
Kaynes Technology India Down 1.71%: Prabhudas Lilladher Sets Rs 4,390 Target
Kaynes Technology India share price came under pressure on August 10, 2026, after the company reported a mixed Q1 FY27 performance. Revenue climbed 40.5% year-on-year to ₹946 crore, while consolidated profit dropped 24.4% to ₹56.4 crore. The weaker profit figure raised concerns over margins and costs. Despite this, Prabhudas Lilladher retained its Accumulate rating and…
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
Asian Shares Mixed as Nikkei 225 Falls 0.3%, Shanghai Gains 0.8%, Oil Rises Over 1%
On August 7, 2026, Asian stock markets ended the session with mixed results as investors responded to fresh economic data from across the region. Japan’s Nikkei 225 fell 0.3%, while China’s Shanghai Composite rose 0.8%, helped by improving confidence in Chinese stocks. At the same time, oil prices climbed more than 1%, adding to concerns…
SK Hynix Approves $38.3 Billion Investment to Expand Yongin and Cheongju Chip Plants
SK Hynix’s board approved a 54.3 trillion won ($38.3 billion) investment package Friday, August 7, 2026. The funding covers new fabrication plants in Yongin and Cheongju through 2031. This expansion responds directly to surging AI memory chip demand worldwide. SK Hynix continues racing to secure production capacity as memory prices climb sharply. $38.3 Billion Investment:…