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.
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
Sumitomo Forestry has finalized its acquisition of Tri Pointe Homes for $47 per share, making Tri Pointe a wholly owned subsidiary and delisting it from the NYSE. This deal expands Sumitomo Forestry's U.S. homebuilding presence to 18 states, deliveri...
Verde Resources Inc. announced its invitation to the GenZero Climate Summit 2026 in Singapore, a key event focused on advancing net zero solutions. The company aims to expand its presence in Singapore and Southeast Asia, leveraging its newly establis...
Boeing shares rose following Treasury Secretary Scott Bessent's indication of significant aircraft orders from China during President Trump's meeting with Chinese President Xi Jinping. The U.S.-China tariff dispute had previously halted Boeing delive...
INmune Bio announced that the FDA granted Fast Track designation to its drug XPro1595 for treating early Alzheimer's disease, including mild cognitive impairment and mild dementia stages. This designation aims to speed up the development and review p...
