Indonesia's benchmark stock index closed marginally higher on Wednesday, reaching a new one-month peak driven by gains in financial and industrial shares, even as more stocks declined than advanced.
Nike Inc. plans to terminate most of its online distribution business with retailer Topsports starting in January 2027, a strategic shift that analysts believe could create growth opportunities for rivals Adidas and Puma in the Chinese market.
The AIM-listed lime and minerals group saw its stock price climb after a well-received H1 2026 trading update confirmed strong business momentum, building on a solid first-quarter performance.
Portugal's postal operator CTT saw its stock rally after confirming it received an unsolicited, non-binding offer for its banking unit, Banco CTT, and has hired BNP Paribas to review strategic options.
Tata Communications reported a 29.4% drop in first-quarter consolidated net profit, sending its stock down despite a 10.5% rise in revenue, as rising expenses and heavy capital investment weigh on investor sentiment.
The Swiss generic drugmaker said it would continue discussions after President Donald Trump proposed tariffs of up to 200% on medicines not manufactured in the US, sending Sandoz shares down roughly 3%.
Sodexo's stock advanced after the food and facilities management company announced a major five-year global partnership with Clariant and benefited from a recent analyst upgrade.
The Dutch paints and coatings maker lifted its full-year earnings guidance after reporting second-quarter results that surpassed analyst expectations, driven by pricing discipline and cost controls.
Shares of the Spanish utility gained after it reported a 6% rise in first-half net profit and lifted its full-year earnings forecast to an all-time record of over €2.1 billion.
