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Universal Music (UMG) Plunges 23% as Subscription Revenue Growth Slows to 6.7%; Vivendi (VIV) Falls 18%
Universal Music Group shares plunged 23% Friday after subscription revenue growth slowed sharply. UMG’s subscription growth decelerated to 6.7%, down from 7.9% in Q1. The stock hit a new 52-week low of €14.88 during Friday’s trading. Trading in UMG’s Amsterdam-listed shares was briefly halted following the plunge. Vivendi, UMG’s largest shareholder, fell as much as…
Swiggy (NSE: SWIGGY) Falls Over 5% After Q1 Results Despite 37.3% Revenue Growth to ₹6,812 Crore & Narrower ₹791 Crore Loss
Swiggy shares fell as much as 5.31% on Friday, July 31, 2026, hitting an intraday low of ₹280.20. The decline came despite strong Q1 FY27 results announced Thursday, July 30. Revenue from operations jumped 37.31% year-on-year to ₹6,812 crore. Consolidated net loss narrowed 33.92% to ₹791 crore, from ₹1,197 crore a year earlier. Shares later…
Workman Launches Next-Gen Fan Wear at ¥2,900 as Heat Demand Soars
Workman releases next-generation fan-fitted wear starting at ¥1,500 to capture everyday market demand amid Japan’s extreme heat. New products include 15-function shirts and convertible jackets with UV and sweat-control features.
Leopold Aschenbrenner’s $45 Billion AI Bet Ends With Massive Sell-Off
Leopold Aschenbrenner’s Situational Awareness LP sold its entire public stock portfolio in a single block trade on Thursday, July 30, 2026, after July’s AI selloff gutted the fund. Ken Griffin’s Citadel purchased the positions, which represented roughly two-thirds of the firm’s total holdings, according to CNBC. The fund had grown to as much as $45…
Mammut Sold to Chinese Firm CPE for Up to €500M on July 31
Chinese investment firm CPE acquires Swiss outdoor brand Mammut from Jacobs Capital for up to €500 million. Headquarters remain in Aargau; CEO Heiko Schäfer stays in place.
Greater Manchester Votes for New Mayor as 2 Million Choose Burnham’s Successor
Greater Manchester holds its biggest mayoral by-election with 2 million voters choosing Andy Burnham’s successor. Labour’s Bev Craig leads polls by 20 points ahead of Friday’s count.
UEFA Threatens World Cup Boycott as Infantino Pushes $20B Private Equity Deal
UEFA and 55 European nations vote to boycott FIFA competitions over Infantino’s plan to sell World Cup stakes to private equity. The $20 billion deal faces global resistance.
Samsung Galaxy S25 Ultra Battery Drain Hits Users After July 2026 Update
Samsung Galaxy S25 Ultra and S24 Ultra users report battery drain, overheating, and slow charging after July 2026 update. Samsung has not commented.
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…