Analysis: Stocks

Itv: H1 26: ITV disappoints despite World Cup boost

Earnings/Sales Releases ITV delivered H1 results that missed consensus, with only modest top-line growth and stable profitability despite broadcasting the World Cup. The outlook for the remainder of...

IMI: H1 demonstrates consistent delivery on all fronts, even as valuations limit upside

Earnings/Sales releases IMI's H1 results were slightly ahead of expectations, and the group delivered Organic Growth in line with its long-term ambitions, along with a resilient operating margin....

DiaSorin: Q2 profitability beat and H2 launches reinforce credibility

Earnings/Sales releases DiaSorin's Q2 profitability surpassed expectations. Despite weak respiratory sales and challenges in China, revenue grew by mid-single digits. All segments experienced growth,...

Siemens Healthineers: Diagnostics impacted Q3 performance; Q4 core business outlook provides relief

Earnings/Sales releases Siemens Healthineers' Q3 sales slightly missed expectations, though profitability met forecasts. The Precision Therapy and Imaging segments reported growth, while Diagnostics...

Stellantis: North America weighs on a soft Q2 print; FY26 guidance reaffirmed

Earnings/Sales releases Stellantis reported revenue in line with expectations but fell short on profitability metrics, including AOI, net income, and adjusted EPS, all below Visible Alpha consensus....

ERG: H1 26: A strong Q1 does the heavy lifting

Earnings/Sales Releases H1 adjusted EBITDA rose 9% to €295m, but the momentum faded: after a 17% Q1, Q2 EBITDA was up just 1% as the wind resource normalised, Curtailment climbed and realised prices...

Apple beat Wall Street. The market didn't bite.

Record earnings, yes. But Wall Street had heard the cash-flow story before, and the way Apple got there raised more questions than the headline answered.

Thomson Reuters Seeks to Monetize the Enterprise AI Wave

As AI reshapes professional services, Thomson Reuters is betting that its products will command a premium.

DPC Dash is Playing the Long Game

China's dining scene is undergoing a frugal pivot and DPC Dash Ltd. is fighting a brutal price war just to keep its market share....

Premier Investments Limited: Waiting for the Retail Spark

The company is trying to prove that one strong brand can keep the engine running while another finds its feet again, although investors aren't convinced…

FUCHS Pref.: A resilient model delivers in H1

Earnings/Sales Releases Fuchs reported strong Q2 numbers, supported by positive pricing and market share gains – likely temporary. Growth in sales and earnings was recorded across regions. The lost...

Clariant: Optimism across the board for Clariant

Earnings/Sales releases Clariant reported strong Q2 results, with outperformance across segments against street estimates. The performance was led primarily by pricing on a yoy basis, as volumes from...

Crédit Agricole: Q2: reassuring rebound from a weak Q1

Earnings/Sales releases CASA delivered reassuring Q2 results, beating the consensus by 6% and rebounding from a weak Q1. revenue growth re-accelerated to +7% yoy , with strong LCL NII , Amundi and...

L'Oréal: China premium turns supportive

Earnings/Sales releases L'Oréal delivered a solid H1 26. Q2 sales beat consensus, driven by Professional Products and Dermatological Beauty, while L'Oréal Luxe grew 4.7% LFL, below expectations....

Vicat: Senegal drives the H1 upgrade

Significant news Vicat reported a strong first half and raised its 2026 guidance. Revenue rose 8.0% to €2.04bn, despite a €69m currency headwind, while EBITDA increased 10.8% to €367m. Organic...

BMW: Bottom-line beat masks a soft Q2; H2 weighed down by restructuring

Earnings/Sales Releases BMW reported Q2 2026 results, with group EBT, net income, and EPS surpassing consensus expectations. This outperformance is mainly attributed to a non-operating positive swing...

AXA: AXA 1H26: Resilient but pricing pressure persists in commercial lines and reinsurance

Earnings/Sales releases AXA delivered solid 1H26 results, slightly ahead of consensus. Strong Profitability in P&C — with further prudence building — and a sharp recovery in the Profitability of...

Sacyr: H1: Concession value rises, but profit overstates the improvement

Earnings/Sales releases Sacyr increased H1 revenue by 9.0% to €2.44bn and EBITDA by 9.4% to €708m, but the 157% rise in attributable profit to €78m gives the wrong impression. The prior-year...

Interroll: 1H26 with strong volumes but weaker profitability ahead

Earnings/Sales releases Interroll delivered a positive first half, with stronger sales and resilient order intake supported by improving demand in EMEA and Asia, as well as the contribution from...

Acciona: HY 26 in line, guidance reaffirmed on strong infrastructure and Nordex

Earnings/Sales releases Acciona delivered an in-line H1, supported by strong Infrastructure and Nordex performance and resilient international Energy prices. Infrastructure EBITDA rose 12% to €384m,...

Leonardo: Momentum builds with a cautious guidance upgrade

Earnings/Sales releases Leonardo delivered a strong H1, with order intake, margins, and cash conversion all improving. defence Electronics remained the main earnings engine, while Aeronautics...

Raiffeisen Bank International: Unexpected provision releases

Earnings/Sales releases The group posted a good set of results, further boosted by unexpected provision releases related to model changes. However, the quarterly surprise will have no impact on the...

Fugro: Cost discipline lifts margins, but wind backlog collapse clouds H2 and after…

Earnings/Sales releases Fugro’s first half shows genuine operating progress: revenue and adjusted EBITDA both rise, and cost cuts flow through to a wider EBIT margin. However, the improvement is...

Engie: Strong HY26 and a better-than-expected volatility impact drive a guidance upgrade

Earnings/Sales releases Engie posted very solid HY26 results ahead of expectations. Performance was led by renewables & BESS, power and gas networks and, to our surprise, energy management, up 42.7%...