Equities
Greenland Mines approves 1-for-50 reverse stock split, GRML ticker retained
Nasdaq-listed Greenland Mines Ltd will reduce its share count from 158.85 million to 3.18 million under the split, effective Sunday. The move targets compliance with Nasdaq's minimum bid price rule.
Swiss utility BKW shares fall 1.1% on weak H1 2026 results
BKW AG reported a 3.1% drop in operating income to CHF 2.18 billion, with EBITDA and EBIT declining 10.1% and 15.1%, respectively. Net profit rose 7% to CHF 217.6 million.
Ultragenyx shares jump 14% after FDA approves first gene therapy
GENGLYCOS granted accelerated approval for glycogen storage disease type Ia, marking Ultragenyx's fifth FDA authorization and first gene therapy. Shares rose 14% in after-hours trading.
Ethan Allen shares rise 4.5% on $3 special dividend declaration
Home furnishings company declares $3 per share special dividend, totaling $76 million, with record date set for September 2026.
Viking Holdings beats Q2 2026 EPS forecast as bookings surge
Cruise operator posts $1.31 adjusted EPS, 37.9% above estimates, as revenue climbs 16.5% and core capacity reaches 96% for 2026. Net income rises 33% year-over-year.
Cambi’s Q2 2026 profit falls as backlog surges to NOK 1.5 bln
Revenue and EBITDA decline amid project completions, while order intake jumps 442% to NOK 554 million. Backlog grows 58% to NOK 1.5 billion, with 46% slated for delivery beyond 2028.
Cogent Communications stock drops 5% after JPMorgan downgrade
JPMorgan cut its rating to Underweight and slashed the price target to $9, citing weaker-than-expected revenue, execution issues in the Waves business and elevated leverage.
German DAX slips 0.07% as tech weakness weighs on gains
The DAX held near flat levels after overnight losses in semiconductor stocks weighed on European equities, while the MDax and Euro Stoxx 50 also slipped modestly. Infineon led declines among DAX tech names.
JPMorgan downgrades Klarna to Neutral, slashes price target to $18
J.P. Morgan cut Klarna’s rating to Neutral from Overweight and reduced its price target to $18, citing weaker-than-expected growth in Europe and a softer outlook for discretionary spending.
Daimler Truck nets €600 million from Archion stake sale
Proceeds from partial Archion divestment fund strategic shift as stake reduced to 25% from over 40% in June. Toyota remains a co-investor in the joint venture.
Bleichroeder shareholders to vote on Pasqal merger next week
The merger between Bleichroeder Acquisition Corp. II and French quantum computing firm Pasqal requires shareholder approval at a meeting scheduled for August 25. The deal follows SEC approval in August.
Vow ASA swings to Q2 2026 profit as maritime demand strengthens
Norwegian industrial group Vow ASA reported a return to profitability in Q2 2026, driven by maritime segment growth and improved margins, though liquidity pressures persisted amid delayed customer payments.
Straumann shares slide after surprise CEO departure announcement
Dental implant maker’s stock fell as much as 9.5% at open after Guillaume Daniellot’s abrupt exit, later paring losses to 6.2%. Analysts cite uncertainty despite solid half-year results.
Unitree shares surge over 500% in China debut after IPO
Humanoid robot maker Yushu Technology saw shares jump from 150.8 yuan to peak at 1,100 yuan before paring gains. Demand from retail investors fueled the surge amid broader AI and robotics investment trends.
Geberit shares jump 7.1% on strong first-half sales growth
Swiss plumbing group posts ninth straight quarter of currency-adjusted sales growth, lifts full-year guidance. Shares rise to CHF 564.2.
Ethan Allen shares jump 4.3% on $3 special dividend declaration
Home furnishings retailer Ethan Allen approved a $76 million special payout, the largest in its history, alongside strong fiscal 2026 margins and cash flow. The move follows a governance challenge from a 5% investor.
FTSE 100 edges higher as miners rebound despite UK inflation uptick
UK stocks rise 0.05% as precious-metals miners lead gains, while CPI accelerates to 2.9% in July and energy prices surge 14.7%. Brent crude and WTI slip as gold extends rally.
Elmera Group posts 30% rise in Q2 2026 EBIT as Fortum deal review advances
Norwegian energy group Elmera Group reported a 30.1% increase in adjusted EBIT to NOK 121 million for Q2 2026, while Fortum’s NOK 47 per share cash offer remains under regulatory review.
Swiss SMI edges higher; Geberit surges 8% on strong half-year results
Swiss SMI opens 0.21% higher as Geberit leads gains with an 8% jump following better-than-expected half-year earnings. Implenia, Sensirion and Sunrise also advance, while Straumann, BKW and Emmi decline.
European stocks fall to two-week lows; bond yields climb ahead of ECB, Fed signals
Stoxx Europe 600 drops for sixth straight session as yields surge to multi-year highs; ECB chief economist flags persistent inflation risks. U.S. Treasury expands bond buybacks.
German DAX slips 0.14% as rate jitters persist, chip stocks weigh
The German benchmark index closed modestly lower as rising bond yields and Middle East tensions kept investors cautious. Chip stocks led declines, with Infineon down 4%, while SAP and Merck advanced on positive sector news.
Straumann reports 2.3% revenue growth in H1, CEO Daniellot to step down
Swiss dental implant maker posts 1.38 billion francs in first-half sales, trims full-year outlook amid leadership transition.
Workday forms AI research unit, launches PhD fellowship program
New team will focus on enterprise-grade AI systems while the fellowship provides $50,000 annually to doctoral students in partnership with universities.
Yixin Group posts 31% profit growth in H1 2026 despite share drop
China’s auto financing platform Yixin Group reported a 31% rise in adjusted net profit to RMB 850 million for the first half of 2026, driven by FinTech and SaaS revenue growth. Shares fell 3.8% on the news.