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Costco Q2 Results Top Estimates, Eyes Tariff Refunds for Member Price Cuts
Costco Wholesale exceeded analyst expectations for its fiscal second quarter, posting strong sales and profit growth. The retailer indicated any future tariff recoveries would be used to reduce prices for members.
Marvell Projects $15 Billion Revenue by 2028 on Surging AI Infrastructure Demand
Marvell Technology issued a bullish long-term forecast, projecting revenue could approach $15 billion by fiscal 2028, significantly above Wall Street expectations. The chipmaker's shares jumped 15% after it also reported strong quarterly results and guidance.
UK Regulator Backs SSE's Early Grid Investment in Scotland
Britain's energy regulator Ofgem has signaled support for SSE's request for early construction funding on eight major Scottish transmission projects, potentially allowing accelerated spending ahead of final approvals.
Compass Group Defies FTSE Slump as 2026 Targets Steady AI Concerns
Compass Group PLC shares climbed 3.18% to 2,306 pence on Thursday, outperforming a declining FTSE 100. The global caterer reaffirmed its 2026 outlook for approximately 7% organic revenue growth and 10% underlying operating profit expansion.
Rio Tinto and WA Government Launch $1.1B Desalination Plant to Ease Pilbara Water Crisis
Rio Tinto and the Western Australian government have formed a joint venture to complete the A$1.1 billion Dampier Seawater Desalination Plant. The project aims to deliver 8 billion litres of water per year to the water-stressed West Pilbara region, with initial output starting in late 2026.
GSK Expands Share Repurchases, Outlines 2026 Growth Strategy Under New CEO
GSK has acquired 650,000 shares for treasury and published its 2025 annual report, showing £32.7B in turnover. CEO Luke Miels forecasts continued profitable growth for 2026.
RELX Holds Firm on 2026 Targets Amid AI Market Jitters
RELX PLC confirmed its 2026 growth forecast on Thursday, emphasizing artificial intelligence as a core driver. The stock rose 2.74% following recent pressure linked to competitive AI concerns.
Reckitt Benckiser Stock Plunges on Margin Uncertainty Despite Strong Q4 Sales
Reckitt Benckiser's stock dropped nearly 6% as investor focus shifted from a Q4 sales beat to the lack of a 2026 profit margin target. The company flagged ongoing weakness in Europe and softer OTC demand.
BP Evacuates Staff from Iraq Oilfield After Drone Incident, Fueling Supply Concerns
BP removed international staff from Iraq's Rumaila field following a drone security incident, adding to supply disruptions that have already cut Iraqi output by 1.5 million barrels per day.
HSBC Executive's Major Share Sale Sparks Capital Strategy Scrutiny
HSBC's Asia and Middle East co-CEO sold HK$43.2 million in shares, coinciding with the bank's decision to pause buybacks until its capital ratio recovers. The bank reported 2025 pretax profit fell 7% to $29.9 billion.
Shell Secures Venezuela Gas Deal, Targets 2027 Exports to Trinidad
Shell has finalized oil and gas agreements with Venezuela to develop the offshore Dragon field, with initial gas exports to Trinidad targeted for the third quarter of 2027. The deal follows new U.S. licenses easing sanctions on Venezuela's energy sector.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.