Business News 3 March 2026 - 9 March 2026

ChampionsGate Stock Little Changed as SPAC Deal Timeline Gets Attention
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ChampionsGate Stock Little Changed as SPAC Deal Timeline Gets Attention

ChampionsGate Acquisition Corporation stock was flat in premarket trading Wednesday. The Nasdaq-listed SPAC stayed near the level investors could redeem for cash if the company doesn’t seal a merger. The stock last changed hands at $10.35, off 0.07% in the past 24 hours. TradingView data showed the market shut with no fresh trades on the tape at the time. It had a market cap near $103.4 million.
June 3, 2026
Glencore plc weighs ASX listing after Rio Tinto talks collapse
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Glencore plc weighs ASX listing after Rio Tinto talks collapse

Glencore plc may consider listing in Australia if it means attracting more investors, the Australian Financial Review reports, suggesting the miner is still hunting for a boost after its merger bid with Rio Tinto fell through. Chief executive Gary Nagle said a second listing would let investors “another option other than Rio and BHP.” The Rio move has spotlighted a valuation gap, just as copper—essential for power grids and building projects—becomes central to mining industry playbooks. Glencore argued that the proposal failed to reflect the real worth of its copper unit and its expansion prospects. According to the AFR, Nagle views an Australian listing as a route to better acquaint local investors with Glencore and maybe give its shares a
March 9, 2026
ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook
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ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook

HAIFA, Israel, March 9, 2026, 17:04 IST ZIM Integrated Shipping Services reported a sharp drop in fourth-quarter net income, posting $38 million compared with $563 million a year ago. Revenue for the quarter was down 32% to $1.48 billion as both freight rates and volume softened. For the year, revenue slid 18% to $6.90 billion, and net income came in at $481 million, well off last year's $2.15 billion. ZIM declared a $0.88 per share dividend, but with its pending sale to Hapag-Lloyd, the company is holding off on issuing 2026 guidance.
March 9, 2026
Philip Morris dividend set at $1.47 as investors watch its smoke-free shift
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Philip Morris dividend set at $1.47 as investors watch its smoke-free shift

Philip Morris International has declared a quarterly dividend of $1.47 per share, set for payment on April 13. The tobacco giant is maintaining its focus on delivering returns to shareholders even as it accelerates efforts in smoke-free offerings. For investors leaning on the stock for income, that payout isn’t trivial. PMI has been steering more cash into alternatives like nicotine pouches and so-called “heat-not-burn” devices—which warm up tobacco rather than burning it outright. Through the transition, the company’s been working to maintain consistent cash returns.
March 6, 2026
IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded
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IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded

British Airways, part of International Consolidated Airlines Group SA, remains grounded in Abu Dhabi, Amman, Bahrain, Doha, Dubai and Tel Aviv. With Gulf airports offering just a trickle of flights and regional airspace still off-limits, the airline has set up additional Muscat-to-London routes to help get stranded passengers moving. IAG had just surprised with a stronger 2025 operating profit and a 1.5 billion euro cash return plan. Now, though, investors are back to watching jet fuel costs, potential route snarls, and the unknowns around how long the conflict drags on.
March 6, 2026
Plug Power stock jumps again as new CEO Crespo steps in and targets 2026 EBITDA
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Plug Power stock jumps again as new CEO Crespo steps in and targets 2026 EBITDA

Plug Power surged 11.2% Wednesday, finishing at $2.48. That makes three straight days of gains, drawing renewed attention from traders to the hydrogen fuel-cell company. Trading volume spiked to roughly 129 million shares, well above normal levels. Still, shares remain far off their 52-week high, market data shows. This is significant for Plug, which has spent the last year working to reassure investors it can rein in cash burn and move away from piecemeal financing to keep going. Hydrogen-linked stocks tend to swing sharply, with even slight changes in outlook or liquidity sparking rapid price moves.
March 5, 2026
Amprius stock jumps as AMPX targets $125 million 2026 revenue and a smaller loss
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Amprius stock jumps as AMPX targets $125 million 2026 revenue and a smaller loss

Amprius Technologies shares jumped roughly 8% ahead of Thursday’s open after the company projected at least $125 million in revenue for 2026 and said it anticipates narrowing its net loss to under $8 million. The silicon-anode battery producer is also aiming for positive adjusted EBITDA — a metric excluding interest, taxes, and non-cash charges — following its first positive quarterly adjusted EBITDA in the fourth quarter. Guidance like that tends to outweigh last quarter’s results for small battery developers. A lot of these firms are still working to show they can manufacture cells with acceptable margins—outside of controlled lab settings.
March 5, 2026
Glencore trims Century Aluminum stake below 30% in $327 million share sale
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Glencore trims Century Aluminum stake below 30% in $327 million share sale

Glencore plc has trimmed its holding in Century Aluminum, dropping to just under 30% after offloading 6.3 million shares through a block trade, according to a regulatory filing. The unit sold the shares at $51.75 apiece under Rule 144, which governs the resale of sizable holdings in the U.S. Century remains Glencore’s top shareholder after the cut, but the move comes as investors wait for more direction on Glencore’s portfolio following the miner’s short-lived, unsuccessful merger talks with larger rival Rio Tinto earlier this year. “The next step may be to sell off assets individually ... to create a more concentrated copper and trading business,” said Iain Pyle, investment manager at Aberdeen.
March 5, 2026
Orica buyback clock ticks: ASX-listed explosives group spends another A$5m on shares
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Orica buyback clock ticks: ASX-listed explosives group spends another A$5m on shares

Orica Limited snapped up 211,686 shares on Wednesday, shelling out A$4.95 million as part of its ongoing buy-back. Prices ranged from A$23.29 to A$23.97 per share. To date, the company has spent about A$484 million buying back around 23.2 million shares through the program, with Goldman Sachs Australia acting as broker, according to a filing. This update lands as the buyback enters its last few weeks, with the company nearly out of headroom to use the full authorised amount. Buybacks shrink the share count—so if profits don’t budge, earnings per share can get a lift.
March 5, 2026
Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions
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Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions

Morgan Stanley has cut 2,500 jobs throughout its divisions, according to the Wall Street Journal, which cited sources with knowledge of the situation. The bank hasn’t responded to a Reuters request for comment, and Reuters said it was unable to confirm the Journal’s report. The Journal reports Morgan Stanley has cut around 3% of its 83,000 employees, most of those layoffs hitting on Wednesday after starting last week. The staff reductions target private bankers, back-office support, and certain mortgage roles in wealth management. According to the article, shifting business needs, changing locations, and employee performance all played a part.
March 5, 2026
Bradesco sets March 31 vote on Bradseg spin-off in Bradsaúde healthcare push
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Bradesco sets March 31 vote on Bradseg spin-off in Bradsaúde healthcare push

Banco Bradesco put forward a distance voting ballot for an extraordinary shareholders' meeting set for March 31, aiming to get the green light on a partial spin-off of its unit Bradseg Participações, according to a U.S. filing. This vote is key. Bradesco needs approval to fold its healthcare assets into Odontoprev, reshaping the listed firm into a holding company. For Bradesco, it’s a straightforward, high-profile move—one that steers clear of altering its own share capital.
March 4, 2026
Plug Power stock price jumps after hours as Q4 margin turns positive and Crespo takes over
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Plug Power stock price jumps after hours as Q4 margin turns positive and Crespo takes over

New York, March 3, 2026, 05:19 ET — Premarket Shares of Plug Power Inc jumped higher in after-hours trade on Monday, buoyed by a positive quarterly gross margin—something the hydrogen fuel-cell and electrolyzer company rarely posts—alongside news of its CEO transition. The stock had finished the regular session 1.1% higher at $1.81, and was recently up nearly 8% in late trading at $1.96, according to MarketWatch data.
March 3, 2026
GE Vernova (GEV) stock ticks up after-hours after $600 million Proficy sale to TPG closes
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GE Vernova (GEV) stock ticks up after-hours after $600 million Proficy sale to TPG closes

NEW YORK, March 2, 2026, 19:14 EST — After-hours trading in progress. GE Vernova picked up 0.9% to close at $881.18 in after-hours trading Monday, pushing the power equipment giant’s valuation close to $167 billion. The Cambridge, Massachusetts company said it has completed the $600 million Proficy software sale to TPG, a private-equity firm. Proficy, with more than 20,000 customers, will now run on its own, while GE Vernova turns its focus to the GridOS grid-software platform.
March 3, 2026
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