Equity Analysis

Goldman Sachs is rocking the house, even as it fuels serious concerns

It was another blistering year for Wall Street's queen, which closed FY 2025 with revenue of $58.28bn, up 11.6% from $52.2bn last year, with net income of $17.2bn, up 20.3% from $14.3bn in 2024.

RailTel Keeps the Momentum on Track

RailTel Corporation of India is quietly growing stronger, expanding its digital infrastructure even as the telecom world shifts. With services picking up and new projects lining up, the company stands...

Magna International Revs Up the Revenue

With the 2026 global auto market touted to be flat, Magna International is shifting gears to outpace the industry. This approach includes a strategic pivot towards hybrid components and a...

Yokogawa: Leading Energy Transition and Smart Factories

Yokogawa blends century-old automation expertise with AI-driven innovation, powering energy, materials and life sciences sectors through OpreX solutions, sustainability leadership and strategic...

So Central Iran

SIGNIFICANT NEWSRather than betting on a single outcome, our framework spans the full range of political scenarios. Regime change is not our base case, but if it occurs, Iran would rapidly shift from...

Mitchells & Butlers lifts Q1 on festive trading

Mitchells & Butlers reported stronger-than-expected Q1 FY24/25, powered by robust festive trading across food and drink and continued market outperformance. Management reiterated confidence in...

TSMC consolidates monopolistic position after another record year

Another record year for the Taiwanese chipmaker, now operating in a de facto monopoly position at the cutting edge of advanced chipmaking.

Still a lame duck, Bang & Olufsen is now betting on the ultra-premium segment

Will the Danish upmarket hi-fi maker come back from the dead?

Richemont posts Q3 Sales Growth, margins pressured

Richemont beat consensus in Q3 25/26 with 11% cFx Sales Growth, led by jewelry Maisons and a Watch Recovery, while China slowdown lingers. Margin pressure persists from FX volatility, gold and United...

Greatland is Betting on the Golden Safety Net

Greatland is striking it rich as gold and copper prices reach new heights. Even as the company's copper sales were dented somewhat, recovery rates at the Telfer mine forged a rock-solid path for the...

Fertiglobe's Strategic Dominance in Fertilizers

Fertiglobe plc stands out in global nitrogen supply, combining robust production with sustainable practices to support agriculture and the energy transition. Strong financial performance and strategic...

Carrefour Q4 trading softens in France

Carrefour’s pre-close call flags softer Q4 trading in France amid consumer trade-down and competitive pressure, Cora and Match integration progress, challenges in Brazil and Argentina, and FY25-26...

UK Offshore-Wind AR7: A Sector Turning Point with Massive 8.4 GW Awarded

SIGNIFICANT NEWSThe UK has released the results of Offshore Wind AR7, awarding a record 8.4 GW of new capacity across 12 projects, representing an estimated £23.5–26 bn in total investment....

Delta Air Lines Returns to Pre-Pandemic Results, but Shareholders Still Left Wanting More

The Atlanta-based airline is wrapping up a solid fiscal 2025.

Pearson lifts growth as partnerships deliver

Pearson's FY25 trading update shows steady organic growth and accelerating momentum in Assessments and Enterprise Learning & Skills, helped by recent partnerships. Despite a lower profit guidance due...

Jeronimo Martins mixed Q4, no structural concerns

Group like-for-like growth edged past forecasts despite softer Biedronka, with Poland’s volumes resilient and market share gains intact. Ara outperformed in Colombia, Portugal stayed solid, and we...

Big Questions Still Hanging Over J.P. Morgan

The world's largest bank has seen a spectacular stockmarket rally over the past three and a half years, with its share price having tripled since the rate-hike cycle began in the United States.

Diploma's steady formula delivers another strong quarter

A sharp start to the year underlines how the British compounder keeps turning modest niches into durable growth.

Hongqiao's Electrified Era Shines with Profits and Dividends

China Hongqiao Group Limited, the leading private titan, demonstrates unmatched prowess through its Yunnan hydropower clusters, vertical integration, impressive earnings, generous dividends and...