Bravura Solutions, a wealth management software firm newly listed on AIM, reported a 76% increase in underlying cash EBITDA to A$77.1 million for FY26. The company also announced an on-market share buyback program of up to A$50 million and declared total dividends of A$113.2 million for the year. Despite currency challenges, revenue rose 9.6% to A$282.6 million, with recurring revenue up 6.9%. Bravura ended June with strong cash reserves of A$50.3 million and no debt, and it expects FY27 revenue between A$280 million and A$300 million with cash EBITDA of A$84 million to A$94 million. Shares rose 10.8% to 159p in London trading.
Yvonne Wassenaar, a director at Rubrik, sold 721 shares at a price of $75 each just before the company's stock experienced a significant rally. This sale occurred ahead of the stock's upward movement, which may be of interest to investors tracking in...
RBC Capital Markets maintains an outperform rating on IG Group, arguing the market overreacted to its acquisition of Underdog, a sports prediction platform. Despite a 22% share price drop wiping £1.2 billion in value, RBC sees the deal as strategical...
Walmart is anticipated to report second-quarter results largely in line with expectations, with investors focusing on the company's plans for potential tariff refunds and guidance for the second half of the year. Management plans to use tariff refund...
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
NCR Voyix Corporation has been downgraded from Buy to Hold because it faces challenges in improving productivity through its AI-driven automation. While the company is modernizing its offerings with agentic AI and cloud-native platforms, its revenue ...
