Business 28 April 2026 - 30 April 2026

Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next
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Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next

Wetour Robotics shares closed at $1.07 Friday, up 15.1% for the day and 91% from the prior week, with trading volume surging to 496,048 shares. The company will launch its Orchestra AI wearable in Austin on May 28 and enact a 1-for-10 reverse split on June 2. Nasdaq will be closed May 25 for Memorial Day. Wetour has an active at-the-market share sale program through Chaince Securities.
May 23, 2026
Beazley Takeover Takes Fresh Step as Zurich Crosses 3% Stake Threshold
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Beazley Takeover Takes Fresh Step as Zurich Crosses 3% Stake Threshold

Zurich Insurance Group has crossed the 3% voting-rights threshold in Beazley Plc as its £8.1 billion takeover advances, holding 18.16 million voting rights as of April 29. Beazley shareholders approved Zurich’s cash offer last week, but the deal still requires court sanction and regulatory approvals. Zurich’s offer values Beazley shares at 1,335 pence, above Thursday’s closing price of 1,275.5 pence.
April 30, 2026
Whitbread Shares Sink as Premier Inn Owner Puts 3,800 Jobs at Risk in Restaurant Exit
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Whitbread Shares Sink as Premier Inn Owner Puts 3,800 Jobs at Risk in Restaurant Exit

Whitbread PLC will close or sell its remaining 197 branded restaurants, including Beefeater and Brewers Fayre, risking about 3,800 UK and Ireland jobs as it shifts to a hotel-focused model. Shares fell 6.33% after the announcement. The company has agreed to sell 51 restaurants for £50 million and is in talks for 60 more. Unite union criticised Whitbread for how it communicated the job cuts.
April 30, 2026
Weir Group Shares Drop: CEO Exit, Soft Orders Rattle Mining Tech Stock
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Weir Group Shares Drop: CEO Exit, Soft Orders Rattle Mining Tech Stock

Weir Group shares fell as much as 10% after CEO Jon Stanton announced he will step down in August and the company reported a 3% drop in organic first-quarter orders. Headline orders rose 4% on a constant-currency basis, but demand in the Minerals division was hit by mine disruptions in Asia-Pacific and Africa. Andrew Neilson will succeed Stanton as CEO. Weir reiterated its 2026 financial outlook.
April 30, 2026
Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up
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Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up

Anglo American said its merger with Teck Resources is on track for completion between September 2026 and March 2027, pending Chinese antitrust approval. Anglo shareholders passed all 21 AGM resolutions, and shares rose 1.15% to 3,555.50 pence. Anglo’s Q1 copper output rose 1% to 170,400 tonnes; Teck’s copper output jumped 32% to 140,000 tons. The combined company would rank among the world’s top five copper producers.
April 30, 2026
KPMG’s $60 Million Pentagon Blow Triggers Full Exit From U.S. Federal Audits
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KPMG’s $60 Million Pentagon Blow Triggers Full Exit From U.S. Federal Audits

KPMG will exit U.S. federal audit work after losing a $60 million-a-year Pentagon contract, redeploying over 450 staff as remaining federal audit contracts wind down by 2030. The Pentagon, which has failed eight consecutive audits, is under pressure to achieve a clean audit by 2028. KPMG said the move reflects a shift toward advisory services. The Army was its largest federal audit client.
April 30, 2026
Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada
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Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada

Apollo, Blackstone, and KKR remain in the running to buy a major stake in Shell’s LNG Canada project, a deal that could reach $15 billion, sources told Reuters. Shell this week agreed to acquire ARC Resources for $16.4 billion, adding supply near LNG Canada. Shell shares rose 0.87% in London after the news. The ARC deal is expected to close in the second half of 2026, pending approvals.
April 30, 2026
Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target
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Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target

Glencore reported a 19% rise in first-quarter copper output to 199,600 metric tons and said its trading arm is set to exceed profit targets. Shares rose 2% in London after the update. Cobalt output dropped 39% due to export quotas in the Democratic Republic of Congo, with excess cobalt to be stockpiled. The company kept its 2026 copper production guidance unchanged.
April 30, 2026
Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat
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Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat

Meta Platforms raised its 2026 capital spending forecast to $125–$145 billion, up $10 billion from its earlier range, citing higher component prices and data-center costs. Shares fell about 5% in after-hours trading despite first-quarter revenue of $56.31 billion, which beat analyst expectations. Net income rose 61% to $26.77 billion, boosted by an $8.03 billion tax benefit. Ad impressions increased 19% year over year.
April 29, 2026
Alphabet Earnings Beat Wall Street As Google Cloud Surge Puts Google’s AI Spending Back in Focus
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Alphabet Earnings Beat Wall Street As Google Cloud Surge Puts Google’s AI Spending Back in Focus

Alphabet posted first-quarter revenue of $109.9 billion, beating Wall Street estimates, driven by Google Cloud’s $20.03 billion result. Google advertising revenue surpassed $77.2 billion. Analysts had expected total revenue near $107 billion and Google Cloud revenue of $18.4 billion. Investors are watching for details on AI infrastructure spending in the company’s upcoming call.
April 29, 2026
Western Digital Stock Rises as Seagate’s AI Storage Beat Puts $500 Target in Focus
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Western Digital Stock Rises as Seagate’s AI Storage Beat Puts $500 Target in Focus

Western Digital shares climbed about 5% Tuesday after Seagate posted stronger-than-expected results and guidance. Analysts at Cantor Fitzgerald and BofA raised their price targets for Western Digital, citing tight hard disk drive supply and strong nearline demand. Options traders are pricing an 11.63% swing after Western Digital reports fiscal third-quarter results Thursday. The company previously guided Q3 revenue to $3.2 billion and adjusted EPS to $2.30.
April 28, 2026
Verizon’s Subscriber Surprise Puts Its Turnaround on the Line as Profit Forecast Rises
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Verizon’s Subscriber Surprise Puts Its Turnaround on the Line as Profit Forecast Rises

Verizon raised its 2026 adjusted EPS outlook after posting its first positive first-quarter postpaid phone net additions since 2013, adding 55,000 customers. First-quarter revenue rose 2.9% to $34.4 billion, with adjusted EPS up 7.6% to $1.28. CEO Dan Schulman cited lower churn and improved customer economics as signs of progress. Wall Street had expected a subscriber loss.
April 28, 2026
Warren Buffett’s Successor Faces A $370 Billion Question As Berkshire Hathaway Meeting Nears
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Warren Buffett’s Successor Faces A $370 Billion Question As Berkshire Hathaway Meeting Nears

Greg Abel will lead Berkshire Hathaway’s annual meeting as CEO for the first time on May 2, with Warren Buffett attending but not speaking. Berkshire reported $369 billion in cash at year-end 2025 and resumed share buybacks after a pause, spending over $200 million. SEC filings show Berkshire’s Bank of America stake halved since July 2024, now at 517 million shares.
April 28, 2026
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Stock Market Today

  • Card Factory Targets Cut Amid 2026 Earnings Caution
    May 24, 2026, 4:42 AM EDT. Analyst Berenberg downgraded Card Factory (LSE:CARD) from Buy to Hold and cut its price target from £1.10 to £0.80, reflecting cautious outlook amid weaker European retail data. The fair value estimate dropped from £1.60 to £1.11, driven by slower revenue growth forecast (3.96% vs 6.49%) and tighter profit margins (6.92% vs 9.24%). The adjusted price-to-earnings multiple fell to 11.0x from 12.5x, with a higher discount rate at 10.87%. The revised stance highlights sector pressures impacting Card Factory's earnings into H2 2026 rather than company-specific issues. Investors are encouraged to monitor earnings and business developments through Simply Wall St's community and watchlist for ongoing updates on valuation and risks.