Business 8 May 2026 - 10 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
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
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 transferring part of its 19% stake in Vodafone Idea to the Indian carrier’s treasury, Bloomberg reported, as Vodafone Idea seeks funding after a telecom dues relief. Vodafone Idea is also in talks to borrow about 350 billion rupees, mostly via term loans, with State Bank of India likely to lead. Vodafone’s shares rose 2.28% in London Friday; Vodafone Idea’s shares ended flat in Mumbai.
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 investors are demanding strict sustainability and deforestation standards for the $65 billion foods merger with McCormick & Co. McCormick would control a larger supply chain with greater exposure to agricultural risks. Unilever says 97% of its key commodities were deforestation-free in 2025, while McCormick is updating its sustainability program. The deal is expected to close by mid-2027.
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 shares fell 2.91% to A$38.36 after reporting half-year cash earnings of A$2.64 billion, missing estimates. The bank booked a A$706 million credit impairment charge, including A$300 million for potential Middle East conflict losses. NAB increased loan-loss buffers and changed its software accounting, taking a A$949 million post-tax charge. The Reserve Bank of Australia raised rates to 4.35% this week.
May 9, 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 rejected EQT’s £8.93 billion takeover bid, saying the £58-a-share cash offer undervalued the company and was too conditional. EQT must make a firm offer by 5 p.m. London time on May 14 or withdraw. Intertek shares closed down 2.7% at 4,910 pence, below EQT’s proposal. The company is pursuing a possible split of its Energy & Infrastructure unit instead.
May 8, 2026
KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus
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KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus

KPIT Technologies founder and chairman S.B. (Ravi) Pandit died in Pune on Friday, the company said in a regulatory filing. The cause of death was not disclosed and no successor was named. KPIT reported Q4FY26 revenue of $185 million and $349 million in new deals, but shares had fallen the previous day after a 33% drop in quarterly profit. Markets were closed at the time of the announcement.
May 8, 2026
Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play
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Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play

Nvidia shares rose 2.3% to $216.45 midday Friday, valuing the company at $5.30 trillion and keeping it ahead of Alphabet, which gained 0.2% to $398.85 for a $4.83 trillion valuation. Alphabet’s Google Cloud revenue jumped 63% to $20 billion in the first quarter, with CEO Sundar Pichai citing enterprise AI as its main growth driver. Alphabet began selling its own AI chips but continues to use Nvidia GPUs.
May 8, 2026
SanDisk Stock Nears $1,500 As Analysts Reprice The AI Memory Boom
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SanDisk Stock Nears $1,500 As Analysts Reprice The AI Memory Boom

SanDisk shares surged nearly 12% Friday, hitting $1,498.30 and valuing the company at about $235 billion, after analysts raised targets on booming AI-driven storage demand. The company reported Q3 revenue up 251% to $5.95 billion and signed multi-year supply deals worth at least $42 billion. Wall Street targets now range from $1,000 to $1,800. SanDisk forecasts Q4 revenue of $7.75–$8.25 billion.
May 8, 2026
Former WHSmith Chain TG Jones Faces July Administration Deadline as 150 Stores Could Shut
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Former WHSmith Chain TG Jones Faces July Administration Deadline as 150 Stores Could Shut

TG Jones, formerly WHSmith’s high street chain, warned lenders it could enter administration by July 31 if creditors and the High Court reject its restructuring plan, which may close up to 150 shops. The plan, backed by Modella Capital and over £35 million in support, faces a creditor vote and court hearing on June 29. Eight stores will shut immediately, with 100–150 closures possible. The retailer reported an £18.6 million loss since September.
May 8, 2026
Deutz-Fahr Shake-Up: Germany Sales Chief Out After Eight Months, Sapio Takes Control
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Deutz-Fahr Shake-Up: Germany Sales Chief Out After Eight Months, Sapio Takes Control

SDF Group has appointed Alessandro Sapio to lead marketing, sales, and after-sales at Same Deutz-Fahr Deutschland after Stephan Formica’s sudden exit as Chief Commercial Officer. Sapio, already COO, now oversees all German operations from Lauingen. The change comes as German tractor registrations fell over 12% in 2025, with Deutz-Fahr ranking fourth in the market. No reason was given for Formica’s departure.
May 8, 2026
L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead
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L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead

Larsen & Toubro’s Buildings & Factories business secured large real-estate orders in Hyderabad, Mumbai, and Karnataka, days after warning of slower growth from Middle East disruptions. The company did not disclose the client or contract values. The new domestic projects include high-rise towers, a luxury hotel, and villas. Middle East orders made up about 40% of L&T’s record 7.4 trillion rupee backlog last quarter.
May 8, 2026
Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show
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Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show

Titan reported a 35% rise in March-quarter profit to ₹1,179 crore, missing analyst estimates, as costs and gold-price swings weighed on results. Total income jumped 46% to ₹20,300 crore, led by 50% growth in jewellery sales. The board recommended a ₹15 dividend per share. Titan shares climbed 6.3% in afternoon trade after the earnings release.
May 8, 2026
IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure
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IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure

International Consolidated Airlines Group cut its 2026 profit, cash flow, and capacity forecasts, citing higher jet fuel costs linked to Middle East conflict. Shares fell 4.1% in early London trading. IAG now expects a €9 billion annual fuel bill and says free cash flow will miss its earlier €3 billion target. Revenue rose 1.9% to €7.18 billion in the first quarter, with operating profit up 77%.
May 8, 2026
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Stock Market Today

  • IGO (ASX:IGO) Valuation Reviewed Amid Lithium Price Optimism and Greenbushes Output Concerns
    May 24, 2026, 6:02 AM EDT. IGO (ASX:IGO) shares rose to A$9.21, driven by optimism over lithium prices and earnings outlook, despite reduced FY26 production guidance at its Greenbushes mine. The stock gained 16.58% in 90 days and 118.76% over one year. Trading at a price-to-sales (P/S) ratio of 15.9x, IGO appears expensive relative to peers (8.6x average) but cheaper than the broader Australian metals sector (90.3x). The company posted losses of A$206.6 million and saw a 69.05% revenue decline, challenging bullish sentiment. Contrasting valuation models yield mixed signals: P/S ratio suggests overvaluation, while a discounted cash flow (DCF) model indicates an 8.2% undervaluation with a fair value of A$10.03. Investors must weigh these metrics and production risks in assessing IGO's growth potential amid evolving lithium market dynamics.