Shares of the toymaker slid after Goldman Sachs lowered its rating to 'Sell' and set a $12 price target, citing expected operational complexity and competitive pressures over the next year.
In a strategy update, BP CEO Meg O'Neill announced a push for significant cost reductions, portfolio simplification, and stricter capital spending. The move signals a pivot back to the company's core oil and gas operations following a challenging expansion into renewables.
Kepler Cheuvreux downgraded Siltronic to 'Hold' from 'Buy', arguing the stock's recent rally has fully priced in an expected volume recovery in the wafer market, leaving limited room for further gains despite a price target increase to €90.
A massive influx of wealth from the recent SpaceX IPO and the booming artificial intelligence sector is driving a significant uptick in private jet purchases and charter flights. Aviation data shows double-digit growth in private flights, with industry experts citing a new wave of younger, first-generation wealthy buyers.
Austrian energy firm OMV's trading update points to a potential 5-6% upgrade to consensus earnings, driven by robust refining margins, though its exploration and production division faced significant headwinds.
The German fashion brand's board has advised shareholders against accepting Frasers Group's €38-per-share offer, arguing it undervalues the company and is merely a tactical move to increase its stake.
International Business Machines stock fell after key client Starbucks disclosed plans to develop its own AI tools, sparking investor fears about vendor disintermediation and a threat to IBM's business model.
The French barrel maker reported a steep decline in annual earnings due to weak demand in wine and spirits markets and forecast another year of declining activity, sending its shares lower.
The UK outsourcing firm warned that mishandling the Civil Service Pension Scheme will cut annual profit by up to £40 million, triggering a sharp sell-off in its stock.
