Business 12 May 2026 - 13 May 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
CSL Limited’s $5 Billion Write-Down Leaves One Big Question: Is the Turnaround Still Alive?
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CSL Limited’s $5 Billion Write-Down Leaves One Big Question: Is the Turnaround Still Alive?

CSL Limited warned of about US$5 billion in new non-cash impairments and cut its FY26 outlook, sending shares down 16% Monday to their lowest since January 2017 before rebounding slightly. The company now expects FY26 revenue of US$15.2 billion and NPATA of US$3.1 billion. Impairments will be booked across FY26 and FY27, mainly tied to the Vifor acquisition and under-used assets.
May 13, 2026
BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push
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BHP Group Stock Jumps as Incoming CEO Signals Copper Deal Push

BHP’s incoming CEO Brandon Craig said the company will consider smaller acquisitions and partnerships, with copper as a long-term focus. Craig takes over July 1 as copper prices hit record highs. BHP also appointed former BlueScope Steel chief Mark Vassella to its board, effective June 1. BHP shares rose in Sydney, London, and New York.
May 13, 2026
Sage Group Shares Slide Before Results as AI Tax Bet Faces First Test
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Sage Group Shares Slide Before Results as AI Tax Bet Faces First Test

Sage Group shares fell 3.55% to 847.6p in London Wednesday, underperforming the FTSE 100, after launching a new AI tool for UK tax reporting. The update comes as the UK’s Making Tax Digital for Income Tax regime takes effect, requiring more digital submissions. Sage continues a £300 million share buyback, with 1.44 million shares repurchased Tuesday. Half-year results are due May 21, with analysts expecting 9.8% organic revenue growth.
May 13, 2026
Tesco Court Loss Puts £4bn Equal-Pay Fight Back in Focus as £750m Buyback Rolls On
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Tesco Court Loss Puts £4bn Equal-Pay Fight Back in Focus as £750m Buyback Rolls On

Tesco lost most of its Court of Appeal challenge over evidence rules in a major equal-pay case, leaving open the possibility of a multi-billion pound payout to shop workers. The court upheld earlier rulings, allowing tribunals to use Tesco’s own manuals to compare job demands. Over 60,000 workers are pursuing claims. Tesco continues a £750 million share buyback amid ongoing legal uncertainty.
May 13, 2026
Diageo plc’s €700 Million Guinness Bet Opens in Ireland as U.S. Spirits Slump Bites
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Diageo plc’s €700 Million Guinness Bet Opens in Ireland as U.S. Spirits Slump Bites

Diageo opened a €300 million brewery in Newbridge, Co. Kildare, and plans an additional €400 million investment at the site focused on Guinness and Guinness 0.0. The new facility will more than double capacity and begin construction in 2026. Shares fell 1.46% in London despite recent sales growth, as North American spirits sales remain weak. The project created over 50 permanent jobs, with more expected from the second brewery.
May 13, 2026
IAG Stock Slips Again: Why British Airways Owner’s Bond Buyback Isn’t the Whole Story
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IAG Stock Slips Again: Why British Airways Owner’s Bond Buyback Isn’t the Whole Story

International Consolidated Airlines Group shares fell 1.46% in London after the company repurchased 99.6% of its €825 million 2028 convertible bonds, as rising jet fuel costs forced it to cut 2026 profit and capacity forecasts. IAG said it is 70% hedged on fuel for 2024 and expects to return €1 billion to shareholders by February 2027. The stock had dropped 2.98% on Tuesday amid heavy trading.
May 13, 2026
Unilever Shares Slip as Strong Volumes Meet a Fresh McCormick Deal Test
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Unilever Shares Slip as Strong Volumes Meet a Fresh McCormick Deal Test

Unilever shares fell 0.67% to GBX 4,247 in London by late morning after Fundsmith Equity Fund exited its stake, citing concerns over management’s focus following the McCormick food transaction. First-quarter underlying sales rose 3.8% with 2.9% volume growth, but full-year guidance remains at the low end of the target range. Turnover dropped 3.3% due to currency effects and weak European sales.
May 13, 2026
BAT shares extend rally as FDA shift gives Vuse and Velo a cleaner U.S. read
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BAT shares extend rally as FDA shift gives Vuse and Velo a cleaner U.S. read

British American Tobacco shares rose 1.72% to GBX 4,713.78 in London Wednesday, building on a 5.82% gain after the FDA eased enforcement on some e-cigarette and nicotine pouch products with pending applications. A U.S. judge also dismissed BAT’s North Korea sanctions case after the company paid $630 million in penalties. Philip Morris and Altria shares also moved on the FDA news.
May 13, 2026
Intertek’s EQT Rally Turns a Slow Valuation Argument Into Deal Math
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Intertek’s EQT Rally Turns a Slow Valuation Argument Into Deal Math

Intertek shares jumped 6.9% to 5,665p after the board said it would be minded to recommend EQT’s £60-a-share cash proposal, pending due diligence. The offer, including a possible 107.7p dividend, values Intertek at about £9.4 billion. Shares remained below the offer price, reflecting deal uncertainty. Intertek paused its break-up review as EQT conducts due diligence ahead of a June 11 deadline.
May 13, 2026
Fortescue Stock Faces Its First Test After A$150 Million Native Title Order
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Fortescue Stock Faces Its First Test After A$150 Million Native Title Order

Fortescue closed at A$21.91, up 2.29%, before announcing a court order to pay A$150 million for cultural loss to the Yindjibarndi Ngurra Aboriginal Corporation. The ASX filing came after normal trading hours, so the share price did not reflect the ruling. The award is among the largest under Australia’s native title laws. Fortescue said it will review the court’s reasons once published.
May 13, 2026
CSL’s sell-off deepens as $5 billion writedown turns a profit miss into a trust problem
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CSL’s sell-off deepens as $5 billion writedown turns a profit miss into a trust problem

CSL shares closed at A$98.55 Tuesday, down 2.18% after a 15.96% plunge Monday, following a 90-day review that cut FY26 revenue and profit guidance and flagged US$5 billion in new impairments. Interim CEO Gordon Naylor projected FY26 revenue of US$15.2 billion and NPATA of US$3.1 billion. The stock remains near its recent low, far below its 52-week high of A$275.79.
May 12, 2026
Why Exeo and IIJ’s AI Edge Data Center Deal Matters in Japan
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Why Exeo and IIJ’s AI Edge Data Center Deal Matters in Japan

Exeo Group and Internet Initiative Japan will jointly sell edge data centers for AI workloads, launching Exeo’s “Edge Data Center Solution” on May 11. The companies will test AI infrastructure at Exeo’s Iwatsuki training center in Saitama. Exeo shares closed down 1.4% at 2,950 yen on May 12, while IIJ rose 1.6%. The move contrasts with NTT Group’s focus on large-scale data center campuses.
May 12, 2026
Toyota Industries’ 77-Year Market Run Is Ending After Toyota Group Buyout Vote
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Toyota Industries’ 77-Year Market Run Is Ending After Toyota Group Buyout Vote

Toyota Industries shareholders approved a share consolidation Tuesday, clearing the way for delisting from the Tokyo and Nagoya exchanges on June 1. The $30 billion take-private deal, Japan’s largest since 1985, will end a public listing dating to 1949. Most minority shareholders will be bought out for cash after the reverse split. The company will also sell its cross-shareholdings in other Toyota group firms.
May 12, 2026
Lufthansa’s $7.7 Billion Airbus-Boeing Jet Order Signals A Long-Haul Reset
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Lufthansa’s $7.7 Billion Airbus-Boeing Jet Order Signals A Long-Haul Reset

Lufthansa Group has ordered 20 long-haul jets—10 Airbus A350-900s and 10 Boeing 787-9s—in a $7.7 billion list-price deal, with deliveries set for 2032–2034. The order, approved by the supervisory board Monday, comes as the airline faces high fuel costs and seeks to modernize its fleet. Lufthansa did not specify which group carriers or hubs will receive the new aircraft. The group’s order book now totals 232 aircraft.
May 12, 2026
Sun Life SME Workplace Savings Push Follows Strong Board Vote: What Investors Should Know
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Sun Life SME Workplace Savings Push Follows Strong Board Vote: What Investors Should Know

Sun Life has launched two digital-first workplace savings plans for Canadian small and medium-sized businesses, offering no set-up fees or minimums for employee participation. The move follows the re-election of all 13 directors at its May 6 annual meeting, with support above 97%. Sun Life reported first-quarter underlying net income of C$1.05 billion, while reported net income dropped to C$465 million. Manulife also competes in this market.
May 12, 2026
Nidec’s New Quality-Fraud Scare Hits After Accounting Crisis — And Investors Have One Big Question
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Nidec’s New Quality-Fraud Scare Hits After Accounting Crisis — And Investors Have One Big Question

Nidec is preparing to launch an external legal investigation into suspected quality fraud involving motor parts, with more than 1,000 design-change cases reported by Nikkei. The news broke after Nidec shares closed up 2.9% at a year-to-date high, as the company remains under Tokyo Stock Exchange scrutiny and faces a 91.2 million yen penalty for conduct violations.
May 12, 2026
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Stock Market Today

  • Westpac Banking (ASX:WBC) Stock Shows Signs of Overvaluation After Mixed Performance
    May 23, 2026, 10:39 PM EDT. Westpac Banking Corporation's (ASX:WBC) recent stock performance has been mixed, with a 2.0% increase over the past week but declines of 6.6% over one month and 6.2% year-to-date. Despite strong long-term gains-21.3% over one year and over 80% in five years-valuation assessments suggest caution. An Excess Returns model estimates an intrinsic value of A$33.07 per share, approximately 10.5% below the current trading price near A$36.55, indicating potential overvaluation. The bank scored only 2 out of 6 on Simply Wall St's valuation checklist, raising questions about alignment between share price and fundamentals. Investors are urged to reassess risk and consider valuation methods beyond headline ratios amid ongoing sector scrutiny and sector-wide volatility in Australian banking shares.