Analysis: Stocks

Itv: H1 26: ITV disappoints despite World Cup boost

Earnings/Sales Releases ITV delivered H1 results that missed consensus, with only modest top-line growth and stable profitability despite broadcasting the World Cup. The outlook for the remainder of...

Emeis: Strong semester: Moving the right way

Earnings/Sales releases Emeis' HY26 confirms its positive trend on both operating and debt metrics. Occupancy rates caught the momentum, especially in France and Germany, almost reaching their...

IMI: H1 demonstrates consistent delivery on all fronts, even as valuations limit upside

Earnings/Sales releases IMI's H1 results were slightly ahead of expectations, and the group delivered Organic Growth in line with its long-term ambitions, along with a resilient operating margin....

Eramet: A massive H1 EBITDA beat, but management still has key to-dos

Earnings/Sales releases H1 was surprisingly strong – especially in EBITDA terms. Manganese was yet again the stronghold, with ramp-up in Lithium providing further support. However, Nickel and...

Linde plc: In line…as usual

Earnings/Sales releasesThe group reported expected results for Q226, with no significant surprises in operational performance or outlook. Management reiterated confidence for the year, consistent with...

Pearson: H1 26: Pearson continues on its improved growth and profit trajectory

Earnings/sales releases Pearson released above-consensus half-year results and maintained its guidance at the group level. The only disappointment came from the English Language Learning division,...

NatWest: Largely unsustainable beat

Earnings/Sales releases The group posted stronger-than-expected results, driven by largely unsustainable factors. Hence, when adjusted for the impact of the integration of Evelyn Partners, management...

DPC Dash is Playing the Long Game

China's dining scene is undergoing a frugal pivot and DPC Dash Ltd. is fighting a brutal price war just to keep its market share....

Ubisoft Entertainment: Solid fiscal Q1 net bookings, disappointing outlook

Earnings/Sales releases In fiscal Q1 2026/27, Ubisoft's net bookings of EUR 255.8m were slightly above management's guidance of EUR 250m. Moreover, the remake of Assassin’s Creed Blackflag Resynced,...

Heidelberg Materials: Q2: Volumes recover, but the profit ceiling comes down

Earnings/Sales releases Heidelberg Materials recovered from a weather-hit Q1, but the rebound did not restore last year's margin momentum. Q2 revenue rose 6.4% to €6.04bn and the result from current...

Bekaert: 1H26: BBRG is in trouble

Earnings/Sales releases A major disappointment came from BBRG. RR's growth in China is dilutive. The company has lowered its guidance. Nevertheless, the valuation remains attractive, and we therefore...

Thomson Reuters Seeks to Monetize the Enterprise AI Wave

As AI reshapes professional services, Thomson Reuters is betting that its products will command a premium.

Premier Investments Limited: Waiting for the Retail Spark

The company is trying to prove that one strong brand can keep the engine running while another finds its feet again, although investors aren't convinced…

Ses: C-Band Opportunity and Sovereign Connectivity

Earnings/Sales releases SES reported H1 2026 results broadly in line with expectations, with revenue of €1.6bn and adjusted EBITDA of €725m following the Intelsat consolidation. Despite Q2...

Ferrari: Personalisation and Mix Drive a Q2 Beat and FY26 Guidance Upgrade

Earnings/Sales Releases Ferrari's Q2 results exceeded expectations due to robust operational performance. Revenue, EBIT, net income, and EPS surpassed consensus estimates, while FCF met expectations....

Reddit Still on the Up

Reddit's splashy IPO has remained a focal point for our analysts.

Casino: H1: Margin-led turnaround continues; restructuring remains the key overhang

Earnings/Sales releases Casino delivered another encouraging quarter on profitability, with H1 adjusted EBITDA rising 13.9% yoy despite subdued sales, reflecting continued benefits from cost savings,...

Agility Robotics: $4bn valuation and a $300m mystery

$300m in orders, a robot not yet commercialized, an unnamed customer. You can already bet on Agility Robotics through its SPAC, but is that really sensible?

IAG's fuel problem

Strong demand and tighter costs kept International Airlines Group profitable in the first half. But war in the Middle East has raised its fuel bill, disrupted its network and brought an abrupt end to...