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Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
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.
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…
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…
Waaree Energies Shares Fall 6% to ₹2,561 Despite Strong Q1 Earnings Growth
Waaree Energies shares fell over 6% on July 30, 2026, hitting an intraday low of ₹2,561 on the NSE. The drop came a day after the solar manufacturer posted a 15% rise in net profit for Q1 FY27. The stock had closed at ₹2,736.20 previously and opened weak at ₹2,626. Investors focused on margin pressure…
Indo-MIM (NSE: INDOMIM) Shares Jump 24% to ₹705 After Blockbuster Stock Market Debut
On 30 July 2026, Indo-MIM (NSE: INDOMIM) made a strong stock market debut, with its shares rising about 24% to ₹705 in early trading after listing at a substantial premium to its IPO price. The rally followed heavy demand for the public issue, reflecting investor confidence in the precision engineering company. The next question is…
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…
Microsoft (NASDAQ: MSFT) Shares Jump 9% After Q4 Revenue Hits $90B, EPS Beats at $4.81
On July 30, 2026, Microsoft (NASDAQ: MSFT) reported stronger-than-expected fiscal fourth-quarter results, giving investors another reason to stay optimistic about the company’s AI business. Revenue reached $90 billion, while earnings per share came in at $4.81. The better-than-expected numbers pushed Microsoft shares about 9% higher in after-hours trading. Growth in Azure and continued demand for…
ASIC Finds Banks Failing Offset Accounts, Costing Australians A$55M
ASIC review finds weaknesses across all major Australian banks in managing offset accounts, with A$55M in compensation paid. 1.8 million households affected. Check your account now.