8h ago
Maybank to buy Ageas’s 30.95% stake in MAHB for EUR 1.1 billion, taking full control of Etiqa
Malayan Banking Berhad (Maybank) said it will pay EUR 1.1 billion to buy Ageas’s 30.95% stake in Maybank Ageas Holdings Berhad (MAHB), taking sole ownership of Etiqa’s takaful business. The deal values MAHB at EUR 3.5 billion, implying about 2x 2025 IFRS equity, and includes a EUR 53 million pre-completion dividend. In Malaysia, bancatakaful accounted for 52.05% of family takaful new business in 2024, up more than 3 percentage points from the prior year. The transaction strengthens Maybank’s control and potential synergies in Islamic insurance.
8h ago
8h ago
NRG Energy shares hit 52-week low after adjusted EPS misses expectations
NRG Energy reported adjusted EPS of $1.49, missing the $1.72 consensus estimate, even as revenue and GAAP net income improved year over year. Texas adjusted EBITDA fell 26%, pressured by higher supply costs, mild weather and higher expenses tied to new generation assets. The company reaffirmed its 2026 adjusted EPS guidance of $7.90–$9.90, below the $9.23 estimate. The results weighed on sentiment around regional earnings resilience, sending the stock to a 52-week low.
8h ago
8h ago
Capillary Technologies posts ₹77.65 million standalone profit in quarter ended June 30, 2026; earnings call audio published
Capillary Technologies reported a standalone net profit of ₹77.65 million for the quarter ended June 30, 2026, reversing a ₹51.21 million net loss a year earlier. Consolidated revenue rose 43% year on year to ₹2,566.44 million, supported by the integration of SessionM. The results highlight a shift in profitability at the company and are closely tied to its equity fundamentals.
8h ago
8h ago
Wells Fargo analyst cuts eBay to Underweight and lowers target to $92
Wells Fargo senior analyst Ken Gawrelski downgraded eBay to “Underweight” and cut his price target to $92, implying roughly 5% downside from current levels. He also reduced his 2027 earnings-per-share forecast by 10%, putting it meaningfully below the Wall Street consensus. Gawrelski said Depop’s marketing spending could reduce third-quarter EPS by about $0.15, and he expects management to issue weak guidance on Aug. 5.
8h ago
8h ago
Aspect Global Ventures launches ₹30-a-share open offer for Duke Offshore after taking 70.61% stake
Aspect Global Ventures has launched a mandatory open offer to buy up to 26% of Duke Offshore Limited’s voting share capital at ₹30 per equity share. The offer was triggered after Aspect Global acquired 70.61% control through a share purchase agreement signed on June 11, 2026, under SEBI’s SAST takeover rules. The tender period is scheduled to run from August 06, 2026, to August 19, 2026. The process sets an exit route for public shareholders and establishes a short-term pricing reference for Duke Offshore’s freely traded shares.
8h ago
8h ago
FIIs net buy Rs 2,446.47 crore in Indian equities while DIIs net sell Rs 936.14 crore on August 4
On August 4, foreign institutional investors (FIIs) posted net purchases of Rs 2,446.47 crore in Indian equities, while domestic institutional investors (DIIs) recorded net sales of Rs 936 crore. The Nifty 50 fell 0.57% and the Sensex declined 0.58% on the day. Brent crude rose 2.5% to around $85 a barrel amid uncertainty over the US-Iran conflict. FCNR-B deposits increased by $28 billion between June 5 and July 30, reflecting the impact of the Reserve Bank of India’s foreign-currency inflow initiative.
8h ago
9h ago
Cocoa futures retreat as technical selling follows 15% three-session surge
Cocoa futures pulled back after a sharp rally, with September New York cocoa (CCU26) down 0.37% and September London cocoa #7 (CAU26) down 0.93%. Prices had climbed more than 15% over the prior three sessions, pushing the market into overbought territory and triggering fund long liquidation. Supply indicators from West Africa were firmer, including Ivory Coast marketing-year port arrivals up 20% to 2.11 MMT and Nigeria’s June exports up 30% y/y to 18,922 MT, according to Bloomberg. Demand signals were mixed, with Q2 Asian grindings up 25% y/y to 224,646 MT.
9h ago