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FIFA Plans $20B World Cup Sale; UEFA, Three Continents Oppose Stake Deal
FIFA proposes selling up to 21% of World Cup commercial rights to raise $4.2 billion. UEFA and three continental confederations representing 143 member associations oppose the plan, calling it an attempt to privatize football.
Adidas (ETR: ADSGn) Plunges 17% After Q2 Profit Misses Estimates Despite Record €6.74B Sales
Adidas shares plunged as much as 17.5% Thursday, its steepest drop in six years. The German sportswear maker posted record Q2 revenue of €6.74 billion. That figure beat estimates despite Adidas missing badly on operating profit. Operating profit rose just 5.1% to €574 million, below the €615.6 million forecast. Heavy marketing spending tied to the…
Meta Stock Drops 10% After Q2 Earnings Miss, Free Cash Flow Collapses 91%
Meta shares fell 10% after Q2 earnings missed EPS expectations. Free cash flow collapsed 91% to $784M as AI spending surged. Full-year capex raised to $130-145B.
Lloyds (LLOY.L) Jumps After H1 Profit Climbs 23% to £4.3B, Bank Targets Additional £2B Cost Cuts
Lloyds Banking Group shares jumped on July 30, 2026, after posting a £4.3 billion pre-tax profit for H1 2026. The figure beat an internal target of £4.1 billion and rose 23% from £3.5 billion a year earlier. Net interest income climbed 9% to £7.3 billion. Lloyds also unveiled a further £1 billion share buyback and…
Redington Stock Soars 18% to 52-Week High After Q1 FY27 PAT Jumps 77%
Redington shares surged 18% to a 52-week high of ₹338.50 on July 30, 2026. The rally followed record Q1 FY27 results announced after market hours on July 29. Consolidated net profit jumped 77% year-on-year to ₹486 crore. Revenue rose 35% to ₹34,966 crore, marking the company’s highest-ever quarterly performance. Strong demand across cloud, cybersecurity, and…
KPIT Technologies (NSE: KPITTECH) Stock Plunges 8% After Q1 FY27 Earnings; Analysts Weigh In
On 30 July 2026, KPIT Technologies (NSE: KPITTECH) shares fell nearly 8% after the company reported weaker-than-expected Q1 FY27 earnings. Profit dropped as global automotive demand stayed weak and margins came under pressure, adding to investor concerns. The sharp decline in the stock price also led several brokerages to revisit their outlook. So, what caused…
Microsoft Jumps 8% After Q4 Beat; Azure Hits $100B Milestone on July 30
Microsoft Q4 earnings beat expectations with $90B revenue and Azure crossing $100B. Stock jumps 8% after-hours. CEO Satya Nadella cites AI demand driving growth.
Sony (TYO: 6758) Seeks to Acquire Tamron (TYO: 7740); Lens Maker Valued at $1.3 Billion
Sony Group Corporation (TYO: 6758) has submitted a non-binding proposal to acquire camera lens manufacturer Tamron Co., Ltd. (TYO: 7740) and make it a wholly owned subsidiary. The reported transaction would value the remaining 84.47% stake in Tamron at approximately ¥200 billion ($1.3 billion). It is one of the largest recent deals undertaken by Sony’s…
Zhongji Innolight (HK:3308) Shares Drop 10% in Hong Kong Debut After $6.8 Billion IPO
On 30 July 2026, Zhongji Innolight (HK:3308) began trading on the Hong Kong Stock Exchange after raising HK$53.4 billion (US$6.8 billion) in the city’s biggest IPO of the year. The strong fundraising result was followed by a disappointing market debut, with the stock falling about 10% on its first day of trading. That decline caught…