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NZX Midday: Vulcan Steel Climbs, KMD Brands Falls Following NZ$208M Debt Refinance
The NZX Midday session delivered mixed trading as investors reacted to company-specific developments across New Zealand’s stock market. Vulcan Steel moved higher after attracting buying interest, while KMD Brands slipped following its announcement of a NZ$208 million debt refinancing package. The session also reflected cautious sentiment across sectors as investors assessed corporate balance sheets, funding…
Volkswagen (ETR: VOW3) Shares Rise 2.4% as Everllence Deal Promises €7.4B Proceeds
Volkswagen Group (ETR: VOW3) gave markets a clean catalyst on June 25, 2026. The Volkswagen Group entered into an exclusive arrangement with Bain Capital for the sale of its majority stake in Everllence 51% of the shares are to be transferred. The leveraged buyout transaction generates proceeds of approximately €7.4 billion for Volkswagen. Volkswagen intends…
Amazon Pledges Additional $13B India AI Investment by 2030
Amazon (NASDAQ: AMZN) made a landmark commitment to India on June 25, 2026. Amazon CEO Andy Jassy met Prime Minister Narendra Modi in New Delhi and announced plans to invest an additional $13 billion to expand AI and cloud infrastructure in India. The new commitment brings Amazon’s total planned investment in India to $48 billion…
FTSE 100 Edges Up 0.09% as Iran Diplomacy Lifts UK Market Mood
Global markets ended the session on a slightly positive note as improving diplomatic signals around Iran helped calm investor nerves. The FTSE 100 moved higher even as energy stocks stayed under pressure. Traders reacted to easing geopolitical risk, softer oil prices, and stable currency movements. Overall sentiment tilted toward cautious optimism, with investors focusing on…
Extropic AI Founder Backs Elon Musk’s Push to Rebuild X Recommendation Algorithm
Social media recommendation systems shape what millions of users see every day. In June 2026, Elon Musk renewed his push to rebuild X’s recommendation algorithm, aiming to make content suggestions smarter, more transparent, and better aligned with user interests. The move gained attention after receiving support from the founder of Extropic AI, a company focused…
IBM Shares Rise 6% Premarket After Unveiling Sub-1 Nanometer Chip Technology
IBM grabbed Wall Street’s attention after revealing what it says is the world’s first sub-1-nanometer chip technology. The announcement pushed IBM shares up more than 6% in premarket trading, as investors reacted to a major semiconductor breakthrough aimed at powering the next generation of artificial intelligence workloads. The development strengthens IBM’s position in advanced computing…
Moonpig (LON: MOON) Shares Jump 10% as FY26 Profit Beats Estimates Under New CEO
Moonpig Group (LON: MOON) delivered a standout performance on June 25, 2026. Shares jumped over 10% after the online greeting card and gifting company reported full-year profit ahead of analyst forecasts. Adjusted earnings per share rose 19.5% the first annual results since CEO Catherine Faiers joined in March. The numbers beat on every key metric:…
Volex (LON: VLX) Revenue Tops $1.24B as Data Centre Demand Drives Record Margins
Volex delivered one of its strongest financial performances to date as booming demand from the data centre sector pushed revenue above $1.24 billion and helped the company achieve record operating margins. The specialist power and data transmission products manufacturer exceeded its profitability targets ahead of schedule, highlighting the growing role of AI infrastructure, cloud computing,…
OVHcloud (EPA: OVH) Confirms FY Outlook as Q3 Revenue Rises 6.9% to €289.6M
OVHcloud (EPA: OVH) delivered a clean sequential acceleration on June 25, 2026. Revenue for Q3 FY2026 came in at €289.6 million, up 6.9% like-for-like, driven mainly by Public Cloud, which returned to growth above 20%. The European cloud leader reaffirmed its full-year targets, signaling confidence in the second half. The quarter also marks OVHcloud’s first…