Kingfisher PLC reported first-quarter sales roughly in line with expectations and maintained its full-year adjusted pre-tax profit guidance of £565 million to £625 million. UK sales showed a slight decline, but Screwfix outperformed with a 4.1% sales increase, offsetting weaker sales in France and Poland. Deutsche Bank retained its 'sell' rating and a price target of 260p, below Kingfisher's current market price of 297.2p, citing no significant change in trading patterns or consumer confidence. The bank expects management to wait for summer trading results before revising guidance.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
