Citi analysts caution that Flutter Entertainment's US profit forecasts for the second half of 2026 might be too optimistic despite recent downgrades. Flutter expects 77% of its full-year US adjusted EBITDA, around $747 million, to come in H2 2026, but Citi's forecast is lower at about $759 million for the full year, suggesting the company may struggle to meet its guidance. The bank also highlights that the implied H2 EBITDA margin of 21.6% would need to more than double the previous highest margin of 10.3% seen in H2 2025, indicating significant challenges in profitability improvement. This raises concerns that market expectations may underestimate the difficulty of achieving such sharp profit growth.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
