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Viva Wine Group (STO: VIVA) Shares Surge 35% as April May Sales Jump 33.2% to SEK 1.03 Billion on Acquisitions
Viva Wine Group grabbed investors’ attention after its shares jumped more than 35% following a strong sales update for the period from April 1 to May 31, 2026. The company reported a sharp rise in revenue, mainly driven by recent acquisitions, even as it continued to face pressure from weaker consumer demand and higher operating…
Prosus (AMS: PRX) Reports 84% Surge in Full-Year Core Profit as Adjusted EBITDA Climbs to $1.3 Billion
Prosus delivered a landmark set of results for its financial year ended March 31, 2026. The financial year ended March 2026 marked a milestone for Prosus: it delivered on its ambitious targets. This generate over $7.3 billion in revenue and $1.1 billion in Ecosystem adjusted EBITDA, with every one of its ecosystems now profitable and…
Volkswagen CEO Plans To Cut 100,000 Jobs In Major Overhaul
Volkswagen is preparing for one of the biggest restructuring plans in its history. Reports suggest CEO Oliver Blume wants to reduce the global workforce by as many as 100,000 employees over the next few years while lowering investment spending and reshaping the group’s business. The reported plan comes as the German automaker faces slower demand…
Samsung Unveils $648 Billion AI Investment Plan to Power South Korea’s Future
Samsung Group is making history on June 26, 2026. Samsung Group plans on Monday, June 29, to pledge investment of 1,000 trillion won ($648 billion) in South Korea over 10 years, part of an initiative that aims to turn the country’s AI boom into a nationwide growth engine. Top executives from Samsung Electronics and SK…
Kospi Slumps as SoftBank Selloff Hits Asian Markets
Asian stock markets came under heavy pressure on June 26, 2026, as a sharp selloff in SoftBank shares triggered fresh concerns across the technology sector. South Korea’s Kospi also fell, with chip giants leading the losses as investors pulled back from AI-related stocks after months of strong gains. The market reaction highlights growing caution over…
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…
Dutch Court Clears Class-Action Suit Against Sony Over PlayStation Store Pricing
Sony Group Corporation (NYSE: SONY) faces a major legal challenge in Europe. A court in the Netherlands validated a class-action claim against Sony over prices for PlayStation games and will take up the lawsuit from June 29. Stichting Massaschade & Consument was authorized to represent around 1.7 million PlayStation players in the country. The group…
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…
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:…