3i Group increased its stake in retail business Action by issuing 21 million new shares valued at £660 million, prompting Deutsche Bank to raise its price target from 3,527p to 3,570p and maintain a 'buy' rating. The new shares, subject to a nine-month lock-up, offset a £750 million share buyback, creating immediate value as the buyback price was below net asset value while new shares were issued at net asset value. Deutsche Bank also upgraded Action's 2026 sales growth forecast from 3.5% to 4.3% and expects EBITDA to rise 2% to €2,703 million, with limited changes to longer-term forecasts.
Affirm Holdings reported quarterly results that exceeded expectations, boosting its shares by nearly 10% in after-hours trading. The company showed strong business resilience with low delinquency rates and 36% growth in gross merchandise volume, desp...
Purepoint Uranium Group Inc completed a non-brokered private placement, raising approximately $1.01 million by issuing 2.65 million flow-through units at $0.38 each. Each unit includes one flow-through common share and a warrant exercisable at $0.50 ...
Jim Cramer described Reddit stock as 'ridiculously cheap' at around $166, despite the stock falling nearly 35% year-to-date. Reddit's Q2 2026 results showed 61% revenue growth, doubled net income, and strong profitability, yet the market remains skep...
Meta shares have dropped over 23% in the past year, pressured by a Q2 earnings miss despite strong revenue growth. The company’s AI investments are driving ad revenue gains, with ad impressions up 14% and average ad prices rising 12%. A proprietary m...
Tenon Medical, a medical device company focused on sacro-pelvic disorders, has entered a private placement agreement to sell 597,610 shares and warrants for up to 1,058,517 shares at an effective price of about $5.02 each. The deal, arranged by Walla...
