Business 9 May 2026 - 12 May 2026

Siemens Energy Raises Buyback to €3 Billion as AI Data Center Demand Turns Into Cash
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Siemens Energy Raises Buyback to €3 Billion as AI Data Center Demand Turns Into Cash

Siemens Energy will boost its 2026 share buyback target to up to 3 billion euros after a 42% jump in pre-tax free cash flow. Shares fell as much as 4.11% in morning trading despite record orders of 17.7 billion euros and an 8.9% rise in revenue to 10.3 billion euros for the quarter. The company now sees fiscal 2026 revenue growth of 14% to 16% and raised its profit-margin and cash flow forecasts.
May 12, 2026
Vodafone Share Price Slips After Earnings: Three UK Deal and UBS Sell Call Raise the Stakes
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Vodafone Share Price Slips After Earnings: Three UK Deal and UBS Sell Call Raise the Stakes

Vodafone shares dropped 3% in London on Tuesday despite forecasting stronger earnings and reporting €40.5 billion in annual revenue, up 8%. Adjusted EBITDAaL missed expectations at €11.35 billion, while net debt rose to €25.41 billion. Organic service revenue in Germany, its largest market, fell 0.2% for the year. Vodafone is moving to take full control of VodafoneThree in the UK for £4.3 billion.
May 12, 2026
Why Sony Stock Jumped 5.7% Today Despite Its Bungie Problem
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Why Sony Stock Jumped 5.7% Today Despite Its Bungie Problem

Sony’s U.S.-listed shares rose 5.66% to $21.29 Monday, with trading volume nearly triple the 50-day average after announcing a buyback of up to 230 million shares worth ¥500 billion. Sony also agreed to buy Recognition Music Group’s catalog from Blackstone for about $4 billion, according to a source. Fiscal-year sales rose 3.7% to ¥12.48 trillion; operating income climbed 13.4% to ¥1.45 trillion.
May 12, 2026
Alphabet’s Nvidia Chase Hits A $660 Billion Wall As AI Chip Rally Returns
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Alphabet’s Nvidia Chase Hits A $660 Billion Wall As AI Chip Rally Returns

Nvidia’s market value reached about $5.37 trillion late Monday, widening its lead over Alphabet, which stood at $4.71 trillion. The gap had narrowed last week after strong Alphabet cloud results, but Nvidia’s rally restored distance. Nvidia traded at $219.44, while Alphabet’s Class A shares were at $388.64. Nvidia also announced plans to invest up to $2.1 billion in data-center operator IREN.
May 12, 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

Alstom will report annual results May 13 as CEO Martin Sion faces pressure over persistent delivery delays and cash flow problems, despite record orders of 27.6 billion euros. Shares closed Monday at 17.22 euros, down over 31% this year. The Belfort site is building trains for Velvet, a new SNCF rival. Sion has promised immediate actions and deeper changes to address missed targets.
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

Intel shares climbed to $128.07 in early U.S. trading Monday after reports that SK Hynix is testing Intel’s advanced chip-packaging technology. The move follows news of a preliminary Apple deal, raising hopes for Intel’s foundry business. Intel reported Q1 revenue of $13.6 billion, up 7% year-on-year. Neither SK Hynix nor Intel confirmed the packaging collaboration.
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 slashed its operating profit forecast for the year ended March 31 to 40 billion yen from 130 billion yen, citing U.S. weather disruption, Middle East shipping delays, and a battery-EV asset write-down. Shares closed down 1.63% in Tokyo, hitting a year-to-date low. Net profit is now expected at 90 billion yen, down 73% from last year. Revenue was also trimmed to 4.78 trillion yen.
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 shares closed at A$21.63 on May 8, down 0.8%, as investors assess if rising fuel and supplier costs will erode margins despite a 4% jump in third-quarter supermarket sales to A$9.8 billion. Supermarket price inflation eased to 0.8%, but Coles faces more supplier cost requests and higher freight expenses. Woolworths reported stronger sales growth but warned of slower earnings.
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 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring in 2031. Talks with Eskom include renewable power options with backup supply. The smelter supports thousands of jobs and consumes power continuously. South32’s Mozal plant in Mozambique shut in March after failing to secure affordable electricity.
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 shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply 20% of exports to the domestic market from July 2027. The rule could pressure Santos’s GLNG venture, which currently does not supply domestic gas. Analysts warn the policy may slow LNG supply growth. Santos expects Barossa and Pikka projects to boost output by up to 30% by 2027.
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 shares closed at A$42.27 on May 8, down 4.6% and far below their 52-week high, as investors react to an AI-driven restructure and uncertainty over 2,000 planned job cuts. Trading has been volatile, with shares rising 5.2% on May 5 before three sessions of losses. The company reported first-half fiscal 2026 revenue up 76% and EBITDA up 31%, citing the e2open acquisition and AI rollout.
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

The Federal Court will rule Tuesday on compensation for the Yindjibarndi people over Fortescue’s Solomon Hub mine in Western Australia, with claims exceeding A$1 billion. Fortescue argues compensation should be capped at about A$8.1 million. The dispute follows a 2017 judgment affirming Yindjibarndi native title rights. Rio Tinto recently signed a solar energy deal with the Yindjibarndi ahead of the ruling.
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

Goodman Group has acquired Anheuser-Busch’s former Newark brewery for about $360 million, securing 86 acres near Newark Liberty International Airport. Public filings show $317.4 million of the price attributed to land, $43.6 million to buildings. Anheuser-Busch shifted production and offered 475 affected workers roles elsewhere. Goodman plans to redevelop the site for logistics and data centers.
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

Intel shares jumped 13.9% after a Wall Street Journal report said the company reached a preliminary chip-making deal with Apple, though neither company confirmed the agreement. AMD closed up 11.4% following strong earnings and raised forecasts for AI server demand. Investors are watching how the Apple-Intel deal could affect AMD’s momentum and the broader U.S. chip market. U.S. markets were closed Sunday.
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 replaced FanDuel CEO Amy Howe with President Christian Genetski and promoted Dan Taylor to group president overseeing U.S. operations. The company cut its 2026 revenue and profit forecasts, citing slower growth at FanDuel. Howe’s exit was not voluntary; she will receive $4.37 million in severance. DraftKings, FanDuel’s main U.S. rival, reported stronger growth and maintained its outlook.
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

Reckitt Benckiser said ecommerce and social commerce now account for 80% of its China sales, up from 30% six years ago, with China revenue nearing £1 billion after 11 quarters of double-digit growth. The company bought back £9 million in shares on May 7. Reckitt missed first-quarter revenue forecasts in April and warned of lower first-half margins, citing weak demand and higher costs.
May 9, 2026
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Stock Market Today

  • SpaceX Successfully Launches Redesigned Starship in Pre-IPO Test
    May 23, 2026, 4:12 AM EDT. SpaceX, led by Elon Musk, successfully launched its redesigned Starship vehicle, showcasing the core technology behind its planned initial public offering (IPO), potentially the largest in history. The test flight demonstrated critical advancements in reusable spaceflight systems, reinforcing investor confidence ahead of the high-profile IPO. This marks a key milestone for SpaceX as it aims to expand its commercial footprint. The successful launch could influence market sentiment and valuations related to the private space industry.