Equities
Jefferies initiates buy coverage on Ionic Digital with $85 target
Analysts project 24% upside for Ionic Digital as Jefferies launches coverage, citing strong liquidity and debt-free position amid transition to AI infrastructure leasing.
Swiss stocks slip as pharma giants weigh; Nestlé rises, biotech drags
SMI falls 0.25% to 14,423 as Roche and Novartis decline; Nestlé gains 0.5%. Biotech sector under pressure amid broader market caution ahead of key U.S. events.
Halyk Bank plans Islamic banking vote for Sept 2026
Kazakhstan’s Halyk Bank will hold an extraordinary shareholders’ meeting via absent voting to seek approval for an Islamic banking license and related governance changes.
Halyk Bank shareholders to vote on Islamic banking license
Kazakhstan’s largest lender schedules an extraordinary meeting for September 25 to seek shareholder approval for an Islamic banking license and related charter changes. Board greenlit the agenda on Thursday.
GSK wins Japan approval for hepatitis B drug, FDA to review cancer therapy
Japan approves GSK's bepirovirsen as first functional cure for chronic hepatitis B. U.S. FDA sets February 2027 review date for dostarlimab in rectal cancer.
Swiss market falls as Roche, Novartis weigh; Nestlé, Holcim rise
SMI slips 0.15% as pharma majors drag; Nestlé gains 0.5% while biotech stocks retreat. Brent oil drops 1.5% to $92.94 amid geopolitical jitters.
Halyk Bank of Kazakhstan to hold EGM on Islamic banking expansion
Shareholders to vote on Islamic banking license and governance changes at a remote-only meeting on Sept. 25, 2026.
Toei Animation shares surge 5.6% on One Piece film announcements
Japanese animation studio gains after unveiling two new One Piece movies, with God Valley set for summer 2027 and BAAD for 2029. Nikkei 225 slipped 0.7% in tandem.
DAX seen lower as investors eye Nvidia earnings, Iran sanctions and Jackson Hole
German blue-chip index expected to slip 0.2% at open as geopolitical risks and key U.S. events weigh on sentiment. Support at 26,000 and 21-day line in focus.
Plazza posts 67% profit jump on higher property valuations in H1 2026
Swiss real estate firm Plazza reported a 67% rise in net profit for the first half of 2026, driven by a more than doubling of revaluation gains to CHF 40 million. Portfolio value increased to CHF 1.36 billion.
Toei Animation jumps 6.2% on new One Piece films
Toei Animation surged after unveiling two new One Piece films at the weekend event, with the first scheduled for summer 2027. The broader market offered little support.
Allreal posts strong H1 earnings beat despite lower revaluations
Swiss real estate firm Allreal reported a 20.8% rise in underlying net profit for H1 2026, driven by asset sales and lower financing costs, while total net income fell 9.6% on reduced revaluation gains.
Global market agenda: Key events for Aug 24, 2026
PDD Holdings reports quarterly earnings; U.S. CFNA index data due alongside other global economic releases.
Swiss blue chips flat to open; SoftBank, KI stocks fall as Asia markets waver
Swiss franc strengthens versus euro and dollar as Asian equities drift lower on geopolitical risks and earnings caution. Brent crude dips 1.5% after prior week’s gains.
Ampol shares surge 4.4% on record H1 profit, Lytton refinery upgrade
Australian fuel group posts A$857 million net profit after tax in H1 2026, beating estimates, as refining margins triple and dividend more than quadruples. Shares rise to A$41.59.
Ventia posts record 9.4% EBITDA margin in HY26 as revenue declines 4.7%
Australia’s Ventia Services Group reported a 9.4% EBITDA margin in the first half of 2026, up 1.1 percentage points year-over-year, despite a 4.7% drop in revenue to $2.9 billion. The company reaffirmed full-year NPATA growth guidance of 7–10%.
Aussie Broadband shares drop 4% after FY26 results despite EBITDA growth
Revenue rose 9.2% to AUD 1.30 billion while underlying EBITDA climbed 20% to AUD 165.3 million, but shares fell on margin concerns and regulatory headwinds. FY27 EBITDA guidance set at AUD 205-215 million.
Kogan FY26 presentation: $1B sales milestone, stock falls 15%
Finance Review Daily is tracking this developing story; additional confirmed specifics had not been verified at the time of publication.
hipages FY26 results show 66% cash flow surge, AI tools drive growth
Revenue rose 9% to $90.6m as the Australian home services platform expanded margins and free cash flow. AI-driven quoting tools boosted job conversion rates by 144%.
Hipages FY26 results: AI push lifts free cash flow 66%, stock jumps 4.3%
Australia’s home improvement platform reports record EBITDA margins and 9% revenue growth as AI tools drive customer retention and pricing power. FY27 guidance targets $11-13m in free cash flow.
UBS downgrades Klarna to Neutral, cuts price target to $16
UBS downgraded Klarna's stock to Neutral from Buy and slashed its price target to $16 from $23, citing a guidance cut and executive departures. Shares fell 31% in a week.
Citi lifts Nvidia target to $300, cites AI demand surge
Analyst raises price target on AI chip leader after forecasting revenue beats and stronger Blackwell GPU shipments. Citi also trims valuation multiple amid supply constraints.
Trump disclosed over 1,000 stock trades in June, filings show
Former U.S. President Donald Trump executed trades worth between $78.1 million and $263.1 million in June alone, with Palantir, Berkshire Hathaway and Meta among the most active positions.
Trump’s June trades valued at up to $263 million, disclosure shows
More than 1,000 securities transactions were recorded in June, with holdings ranging from ETFs to individual stocks. Federal filings detail trades in Palantir, Berkshire Hathaway and Meta.