Analysis: Stocks

RELX Group: Q3 '26: Some exhibition disturbances but AI winner status intact

Earnings/Sales releases RELX released 9M figures in line with underlying revenue growth of 7% at the group level, unchanged compared to H1 2026, as well as an unchanged outlook at both the group and...

Segro: On the path to merger

Earnings/Sales Releases The merger with ProLogis is planned for H1 27. Segro shareholders will have sold at the right time: ProLogis will have paid a bit too much. Fact The Q3 26 trading statement...

The more things change, the more they stay the same at Nokia

Three things have remained constant at Nokia for the past two decades: promises to return to growth, restructuring costs and changes in its chief executive.

UCB: Growth engine isn't out of breath yet

Latest A guidance upgrade on top of the modest outlook uplift in July 2026 reflects UCB’s habit of making modest promises and then over-delivering. Investors breathe a sigh of relief. Unlike...

Sandvik: Q326: not bad, even if the market is demanding more

Earnings/Sales releases SANDVIK delivered a rather solid Q326 performance, with order intake up 20% year-on-year, revenues rising 29%, and adjusted EBIT +57%, beating consensus expectations. Machining...

Thales: Strong execution, cautious guidance, more to come?

Earnings/Sales releases Thales delivered a solid Q3, with orders and sales ahead of expectations, driven by a rebound in Space and continued strong defence execution. However, management's cautious...

Nasdaq always in the right place at the right time

Another stellar year for the operator of the world's most dynamic financial market.

Otsuka Keeps Filling Prescriptions and Feeding Its Pipeline

The market has been happy to reward Otsuka lately. Keeping that enthusiasm alive may prove difficult however.

Asahi Kasei Pins Its Growth on Electronic Materials

Asahi Kasei Corporation's future increasingly rests on whether battery separators can carry more weight.

Hengan Loses Out to Competition Despite Lower Costs

In a market obsessed with discounts, Hengan is finding out how hard it is to defend both volumes and profits.

Concord Biotech Finds a Winning Formula in Its Active Pharmaceutical Ingredients Business

Investors are grappling with Concord Biotech Limited's declining formulation sales.

What's Behind Europe's Most Shorted Stocks?

M&A arbitrage trades, particularly in targeted sectors, reflect changing views. European filings show who is betting against what, and for how much. It is up to us to understand why.

PDI Gold's Ambitious Strategy Faces a Costly Reality Check

Gold's investment case is getting easier. PDI Gold has to prove itself.

Will Record Backlog Come to WSP's Rescue as Profits Feel the Squeeze

Although investors seem more interested in what happens after the contracts are signed.

FAB Finds Its Stride in Banking Activity and Investment Portfolio Performance

Investors stay bullish on First Abu Dhabi Bank as top-line momentum defies regional tensions....

Bankinter: Strong revenue momentum and asset quality trends

Earnings/Sales releases The group posted a solid set of results. Revenue momentum was intact once the Q2 success fees were excluded, and Asset quality showed no signs of deterioration, enabling...

EssilorLuxottica, the falling knife and the rubber band

The market loves extremes. Its excessive love for EssilorLuxottica, the epitome of quality at the intersection of healthcare, technology and luxury, has turned into excessive hatred. Two figures sum...

Castellum: Towards a no-dividend play status?

Earnings/Sales releases Organic decline continued in Q3 26, albeit at a contained level. Despite divestments, Debt remains high. CASTELLUM continues to prioritize share buybacks. Fact Organic decline...

Storebrand: Storebrand Q3 26: Market noise masks a brighter profit-sharing outlook

Earnings/Sales releasesStorebrand's 3Q26 operating profit was in line with our expectations. Strong momentum continued across business lines, particularly in insurance. Net profit, however, fell...

SAP: Despite a solid Q3, SAP could be capped without AI KPIs

Earnings/Sales releases SAP surprises once again in Q3, beating expectations on both commercial momentum and efficiency. CCB came in 3% above consensus and IFRS EBIT more than 4% above , driven by...

Husqvarna: A disappointing Q3

Earnings/Sales releases Husqvarna delivered a disappointing Q3 2026, with lower organic sales and operating losses in the Gardening division. The group was hit by weak consumer demand and Drought...