Articles by James Calloway
Kenyan Court Nullifies Safaricom Stake Sale, Vodacom's Control at Risk
Kenya's High Court voided the government's sale of a 15% Safaricom stake to Vodacom, ordering the shares returned, jeopardizing Vodacom's 55% control. Vodacom plans to appeal.
Infratil Boosts FY27 Outlook as CDC Data Center Contracts Hit 1.1 GW
Infratil lifted its FY27 EBITDAF forecast to NZ$1.32-1.42 billion after CDC Data Centres signed 70MW of new contracts, boosting contracted capacity to 1.1GW. Shares rose 3.6%.
James Hardie Boosts Cash Flow Goal, Stock Still Slips 5%
James Hardie ups FY27 cash flow target to $600M, but shares slide 5% as earnings forecasts hold, with investors wary of growth assumptions.
Trip.com's $5.18B Fine and 50% International Growth: What's Next?
Trip.com's Q2 results were overshadowed by a $5.18B antitrust fine, but international growth of 50% offers a bright spot. The real question is whether regulatory changes will weigh on future margins.
Belgium Curbs Live Nation's Pukkelpop Control in Decade-Long Remedy
Belgium's competition authority lets Live Nation keep Pukkelpop but forces a 10-year separation, with an independent operator controlling lineup, pricing, and operations.
Santander Wins PPI Appeal, Genworth Shares Slide 5.5%
Santander's successful appeal trims a £677M PPI award, sending Genworth shares down 5.5% as a potential $750M recovery fades.
Senate Rejects Crypto Market Clarity Act; Coinbase, Circle Slide
The Senate failed to advance the Digital Asset Market Clarity Act in a 49-50 vote, with crypto-linked stocks like Coinbase and Circle tumbling on the news.
Take-Two Escalates GTA VI Leak Hunt with Second Discord Subpoena
Take-Two Interactive obtained a second federal subpoena for Discord in its GTA VI leak investigation. The move adds legal pressure but doesn't confirm a leaker's identity.
Vera Bradley's Quarterly Profit Boosted by Tariff Refund
Vera Bradley swung to a quarterly profit, but a $7.7 million tariff refund fueled most of the margin expansion. Direct sales rose 8%.
Forgent's $3B Backlog Drives 13% Stock Surge Despite Negative FCF
Forgent Power Solutions (FPS) surged 12.67% after reporting $1.503B in Q4 bookings and a $3B backlog, but full-year free cash flow was negative $6.8M.
Betr Entertainment: Cash Conversion Key to FY27 Outlook
Betr Entertainment shares closed up 2.8% at A$0.185. The FY27 outlook depends on converting EBITDA into positive operating cash flow.