Business 8 May 2026 - 11 May 2026

LegalZoom Drops Ahead of Shareholder Meeting as AI Fight Hangs Over Stock
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LegalZoom Drops Ahead of Shareholder Meeting as AI Fight Hangs Over Stock

LegalZoom.com traded lower in premarket Wednesday, with the stock near $6.53 as investors prepared for the company’s annual meeting. Shares have had trouble translating stronger sales into better numbers on the bottom line. The latest price was off 14.5 cents from Tuesday’s close, giving LegalZoom a market cap near $1.16 billion. The timing sets the scene. U.S. markets are open as usual, and Nasdaq’s 2026 holiday list shows the next full day off is Juneteenth, June 19. LegalZoom’s shareholder meeting is scheduled for later in the day, not on a weekend or holiday.
June 3, 2026
Alstom’s Next Shock May Be a Deeper Overhaul as Cash Pressure Meets New Train Orders
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Alstom’s Next Shock May Be a Deeper Overhaul as Cash Pressure Meets New Train Orders

This week, Alstom steps into a pivotal moment as Martin Sion gets ready to deliver his first set of annual results at the helm. French media are already speculating about the likelihood of bigger industrial shakeups ahead, even as the Belfort plant pushes ahead with train production for Velvet—a fresh private rival to SNCF. The clock is ticking for Alstom. Demand isn’t the issue here: the company logged a record 27.6 billion euros in orders, with its backlog topping 100 billion euros for the year through March. But execution is biting — missed deadlines on train production, certification, and delivery are piling up, squeezing cash flow as projects lag.
May 11, 2026
Intel’s Comeback Has a New Catalyst — But the Next Nvidia Talk Is Moving Faster Than the Facts
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Intel’s Comeback Has a New Catalyst — But the Next Nvidia Talk Is Moving Faster Than the Facts

SANTA CLARA, California, May 11, 2026, 07:08 Intel stock climbed in early U.S. hours Monday, with buyers reacting to new signals that its manufacturing turnaround could be luring customers like Apple and SK Hynix—a shift for a business that’s often fallen short of its own ambitions. Shares were at $128.07 by 13:53 UTC, up $3.15 from Friday’s close, after hitting an intraday peak of $134.89.
May 11, 2026
E.ON’s OVO Deal Could Create UK’s Biggest Energy Supplier With 9.6 Million Customers
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E.ON’s OVO Deal Could Create UK’s Biggest Energy Supplier With 9.6 Million Customers

E.ON has struck a deal to acquire OVO Energy’s UK retail business, a move that stands to make the German company the top household energy supplier in Britain—leapfrogging Octopus Energy after years of consolidation in the sector. Financial terms weren’t made public. Timing is key here. UK energy retail, once the domain of nimble stand-alone suppliers, has gotten trickier: tougher capital requirements, more regulation, and sharp swings in wholesale prices have squeezed margins for smaller players. OVO pointed out these shifts have “altered the economics” of the industry.
May 11, 2026
Subaru Slashes Profit Outlook as EV Write-Down and Middle East Shipping Delays Bite
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Subaru Slashes Profit Outlook as EV Write-Down and Middle East Shipping Delays Bite

Subaru Corp. slashed its profit forecast for the fiscal year ended March 31, blaming a write-down on electric-vehicle assets and shipping delays triggered by Middle East tensions. The company now expects operating profit to drop to roughly a tenth of what it booked the prior year. Why pay attention? Subaru’s final earnings are set for May 15, and this marks the second time the automaker has lowered its fiscal-year outlook. Reuters puts the new net profit estimate at 90 billion yen, a 73.4% plunge from last year and well off the previous 125 billion yen target.
May 11, 2026
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
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Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story

Coles Group Ltd. faces the ASX on Monday as investors look hard at one thing: whether robust supermarket sales can stick around if fuel, freight, and supplier costs push higher. Shares ended May 8 at A$21.63, slipping 0.8%. Timing plays a key role here: Australia’s grocery sector is back in the inflation spotlight. The Reserve Bank of Australia last week hiked its inflation outlook, projecting headline inflation to top out near 5% as the global energy shock pushes fuel prices higher and drags on economic growth.
May 11, 2026
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
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South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play

South32 Ltd is pushing to lock in a fresh electricity deal for its Hillside Aluminium smelter by 2029, looking to sidestep the kind of power-price clash that shuttered its Mozal site in Mozambique. At the 30th anniversary celebration for Hillside, Chief Executive Graham Kerr told reporters the Richards Bay operation could keep going “20-30 years” if a competitive power contract materializes, according to Business Day. Timing’s key here. Hillside’s cut-rate Eskom contract wraps up in 2031, and smelters can’t run without big, reliable power—cheap juice is non-negotiable if you want to stay in the game. On March 15, South32 shuttered Mozal, moving it to care and maintenance after it couldn’t lock in enough low-cost electricity, according to Reuters.
May 10, 2026
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
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Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan

Santos Limited opened the week under scrutiny, as investors sized up the company’s LNG ambitions against fresh domestic policy headwinds. Shares last changed hands at A$7.52, marking a 1.44% dip before Friday’s close in Sydney. LNG refers to natural gas cooled to liquid for easier transport by tanker. Canberra’s domestic gas reservation plan is front and center. Starting July 1, 2027, exporters will be required to direct an amount of gas equal to 20% of their exports into the Australian market, according to the government. Contracts secured before Dec. 22, 2025, won’t be affected.
May 10, 2026
WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth
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WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth

WiseTech Global Ltd faces Monday’s Sydney open with its ASX shares sitting at A$42.27 as of May 8, having dropped 4.6% that day. Investors are sizing up the firm’s AI-driven overhaul and the risks that come with it. Shares remain a long way off the 52-week peak of A$121.31, according to market data. Right now, WiseTech is back in the mix with top-tier ASX software stocks—investors aren’t just treating it as a logistics play anymore. On May 9, a market piece lumped WiseTech and Xero together, flagging both as tech names catching attention as investors revisit the software sector’s recent weakness, AI buzz, and the outlook for cloud-driven growth. Xero doesn’t compete in logistics, but it’s a solid ASX software
May 10, 2026
Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal
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Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal

Fortescue Ltd is staring down a pivotal week in its protracted battle with the Yindjibarndi people. The Federal Court is set for its ruling on Tuesday, deciding over compensation linked to the miner’s Solomon Hub iron ore site in Western Australia’s Pilbara. The Yindjibarndi are pressing for a payout topping A$1 billion for cultural and economic loss, according to a statement from the group. Fortescue, for its part, argues that compensation should be capped around A$8.1 million. This timing has thrown the spotlight squarely on the issue. According to The West Australian, Rio Tinto locked in a solar agreement with Yindjibarndi Energy Corporation right before the ruling, putting partnerships with traditional owners back in focus for iron ore groups navigating
May 10, 2026
Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics
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Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics

NEWARK, New Jersey, May 10, 2026, 15:02 EDT Goodman Group snapped up Anheuser-Busch’s old Newark brewery for about $360 million, landing the Australian industrial property giant a rare big-ticket redevelopment spot in the New York metro. According to Newmark Group, which advised on the deal, Goodman is a global industrial real estate owner and developer.
May 10, 2026
AMD Stock Rally Hits a New Intel Problem After Apple Chip Deal Report
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AMD Stock Rally Hits a New Intel Problem After Apple Chip Deal Report

Advanced Micro Devices’ strong run is hitting a fresh snag tied to Intel. Now, investors have to juggle AMD’s AI server gains with a reported Apple manufacturing agreement that might boost faith in Intel’s foundry—or contract chipmaking—operations. The clock’s ticking. AMD delivered upbeat results and bumped up its outlook for AI-fueled server sales. Intel, meanwhile, jumped Friday, buoyed by a Wall Street Journal story flagging a tentative chipmaking agreement with Apple. With U.S. markets shuttered Sunday morning, traders are left waiting for the next move once trading kicks back in. AMD finished at $455.19, a gain of 11.4%. Intel closed at $124.92, up 13.9%.
May 10, 2026
Why Flutter’s FanDuel CEO Shake-Up Is Bigger Than Amy Howe’s Exit
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Why Flutter’s FanDuel CEO Shake-Up Is Bigger Than Amy Howe’s Exit

Flutter Entertainment has swapped out FanDuel CEO Amy Howe, naming FanDuel President Christian Genetski as her successor. Dan Taylor, who leads the company's international arm, steps in as group president, now supervising the U.S. segment—an effort to pull the reins tighter on its top growth engine. The timing is notable; Flutter trimmed its 2026 forecast right alongside the move. The company is now looking for group revenue to hit $18.305 billion, with adjusted EBITDA expected at $2.865 billion—both figures at the midpoint and both lower than what it had previously laid out. Earlier guidance called for $18.4 billion in revenue and $2.97 billion in adjusted EBITDA. Adjusted EBITDA, which takes out interest, tax, depreciation, amortization and certain company-defined adjustments, serves
May 9, 2026
Reckitt Benckiser’s China Speed Bet Puts Durex, Lysol Maker Back in Market Focus
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Reckitt Benckiser’s China Speed Bet Puts Durex, Lysol Maker Back in Market Focus

Kris Licht, CEO of Reckitt Benckiser Group plc, is framing China’s rapid shift to video-driven ecommerce as a key trial for the company’s broader strategy overhaul. Calling it “the most profound channel shift” he’s witnessed, Licht said Reckitt “pivoted hard” as shoppers left physical stores for their phones. The numbers are stark: ecommerce and social commerce — mostly through video and social apps — now account for roughly 80% of Reckitt’s sales in China, a steep climb from 30% six years back. China revenue is approaching £1 billion, with 11 consecutive quarters of double-digit gains, Licht told Semafor in an interview. Timing’s key here. Reckitt is out to convince investors that digital sales, quicker product cycles, and artificial intelligence aren’t
May 9, 2026
Vodafone Group PLC’s India Turnaround Plan Takes a New Turn With Vodafone Idea Stake Move
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Vodafone Group PLC’s India Turnaround Plan Takes a New Turn With Vodafone Idea Stake Move

Vodafone Group is considering shifting a portion of its 19% holding in Vodafone Idea over to the Indian company’s own treasury, Bloomberg News reported. The move would strengthen the Mumbai-listed affiliate’s position, but notably, there’s no new cash coming from the UK telecoms giant. Vodafone gave Reuters a “no comment,” while Vodafone Idea hasn’t replied to Reuters’ queries yet. Timing matters here. Vodafone Idea recently secured relief on its prolonged Indian telecom dues dispute, yet capital is still required for network upgrades and to hold onto subscribers as Reliance Jio and Bharti Airtel dominate the market.
May 9, 2026
Haleon Shares Drop as £10 Billion Debt Update Keeps Spotlight on Growth and Buyback
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Haleon Shares Drop as £10 Billion Debt Update Keeps Spotlight on Growth and Buyback

Haleon PLC slipped in London this week. Investors zeroed in on the Sensodyne and Panadol maker’s newest market filings, bringing its funding flexibility, share buyback plans, and weaker Q1 growth back under the spotlight. Timing's key here. Haleon wants to convince investors the weak cold and flu season was just a temporary hit—not a sign of underlying demand trouble—while it keeps pushing out buybacks and stays plugged into the debt markets.
May 9, 2026
Glencore plc Faces Colombia Pressure Over Cerrejón Coal Mine Closure Talks
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Glencore plc Faces Colombia Pressure Over Cerrejón Coal Mine Closure Talks

Colombia’s government is turning up the heat on Glencore plc, urging the miner to kick off formal negotiations about eventually shutting down Cerrejón. Authorities want Glencore at the table with officials and local leaders in La Guajira, where the vast coal mine has become a flashpoint over jobs, public funds, and Colombia’s push for an energy transition. The Ministry of Mines and Energy issued its request on May 8. According to Reuters, neither Glencore nor Cerrejón responded to requests for comment. The 2034 deadline, once a distant marker, is now front and center in political debates. Glencore still holds the concession at Cerrejón, securing its mining rights for years yet, but the ministry wants negotiations focused on jobs, retraining workers,
May 9, 2026
Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure
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Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure

Some Unilever PLC investors are pressing for the foods group being created with McCormick & Co. to keep tougher forestry and sustainability standards, putting a new governance question over the $65 billion transaction. The pressure matters now because McCormick would take charge of a much larger food supply chain, with more exposure to agriculture, commodities and smallholder farming. Those are areas where environmental, social and governance standards — ESG, investor shorthand for non-financial risks such as climate, labour and board oversight — can turn into legal, reputational and financing problems.
May 9, 2026
NAB Profit Miss Shows Why Australia’s Business Lending Boom Is Suddenly Under Pressure
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NAB Profit Miss Shows Why Australia’s Business Lending Boom Is Suddenly Under Pressure

National Australia Bank wrapped up Friday down 2.91% at A$38.36. The stock stumbled this week after the country’s top business lender disappointed with profits, set aside more for possible bad loans, and signaled murkier prospects for borrowers. Australian markets were shut at time of publication. It’s a tough moment for NAB: The Reserve Bank of Australia hiked the cash rate by 25 basis points to 4.35% on May 5, passing with an 8-1 majority. That decision heaps more funding pressure onto households and small businesses, both already squeezed by pricier fuel and supply costs.
May 9, 2026
Palantir’s AI Sales Surge, But the Stock’s Bigger Test Is Still Ahead
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Palantir’s AI Sales Surge, But the Stock’s Bigger Test Is Still Ahead

Palantir Technologies stock barely budged late Friday, capping a turbulent week. Investors are still trying to square the company’s strongest quarterly growth numbers with lingering questions about whether the AI rally is baked into the share price. At $137.46, the stock edged up for the day, pushing Palantir’s market cap past $350 billion. Why does the debate matter? Palantir stands out as a public company showing whether operational AI—tools that drive decision-making for business and government, not just text bots—can actually turn into lasting profit. On Monday, Palantir bumped up its full-year revenue outlook after posting a first-quarter sales increase ahead of what analysts had penciled in.
May 8, 2026
Intertek Rejects EQT’s $12 Billion Takeover Bid—Now the Clock Is Ticking
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Intertek Rejects EQT’s $12 Billion Takeover Bid—Now the Clock Is Ticking

Intertek Group plc has turned away EQT’s latest buyout bid, the third so far, declining a £58-a-share cash offer that put the British testing and inspection firm’s value near £8.93 billion. Management at the FTSE 100-listed business argued the proposal not only undervalued Intertek but also brought execution risk, pointing out the terms were still conditional. This comes to a head now as the disagreement shifts out into the open, with the UK’s strict takeover clock ticking down. EQT has until 5 p.m. London time on May 14 to make a binding bid or step aside, thanks to the UK Takeover Code’s so-called “put up or shut up” provision, which compels a bidder to show its cards.
May 8, 2026
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