Kevin Smith

BMW valued at a steep discount to its equity

In a business climate that could hardly be more challenging, BMW published fairly reassuring annual results on Friday morning.

March 14, 2026 at 10:13 am

Eurazeo in Cannibal Mode

Despite encouraging developments, the Parisian investment firm controlled by the Decaux family is punished by the market, amid widespread distrust of the private assets category, which has admittedly been prone to all sorts of excesses.

March 13, 2026 at 09:18 am

Deutsche Börse further consolidates its position

It was another strong year for the Frankfurt stock exchange operator, which secured its eleventh consecutive year of growth in operating profit.

March 12, 2026 at 10:35 am

Stockmarket disappointment and end of illusions at Porsche

A harsh reality check for the German automaker, which reports a 10.1% drop in new-vehicle deliveries and a 9.5% decline in revenue in 2025, while its operating profit went up in smoke.

March 11, 2026 at 12:23 pm

BioNTech rocked on the stock market by the departure of its legendary founder couple

The German biotech's share price rout yesterday, which is a pioneer of mRNA and the company behind the first Covid vaccine.

March 11, 2026 at 10:27 am

Petrobras Back in Investors' Good Books

In June 2025, we noted that Brazil's oil major - and the flagship of the national economy - appeared to be valued extremely attractively.

March 10, 2026 at 04:29 pm

The Constellation Software trinity valued on an even footing

At last, a rebound for Constellation Software and its subsidiaries Topicus and Lumine, both partially spun out from the flagship, and respectively listed independently since 2021 and 2023.

March 10, 2026 at 10:11 am

UBS Ends a Strong Run Amid a Standoff with Finma

Europe's leading wealth and asset manager - more than half of its revenues, or twice as much as its investment bank and retail bank segments - published its annual results this morning.

March 09, 2026 at 12:39 pm

Successful transformation at the engineering giant Jacobs

Capped by its recent acquisition of PA Consulting, the global leader in engineering consulting has successfully completed a decade of strategic repositioning.

March 09, 2026 at 10:31 am

Takeover rumors swirl around Caesars Entertainment, which keeps its jackpot out of shareholders' reach

A brutal reminder of the laws of gravity is a fundamental rule of financial markets, and a decidedly recurring theme in our columns this week.

March 06, 2026 at 10:50 am

Duolingo suddenly brought back to earth

A perfect storm for Duolingo, which has wiped out 4/5 of its market capitalisation in nine months.

March 05, 2026 at 09:26 am

Scor at a crossroads

Left in a sorry state by its previous chief executive, Denis Kessler, Scor has had little opportunity to cash in on the providential backdrop in the reinsurance sector in recent years.

March 05, 2026 at 07:49 am

A Final Return to Reality at Kuehne + Nagel

After a decade of very modest growth, the Swiss logistics group benefited from an extraordinary acceleration during the pandemic.

March 04, 2026 at 02:02 pm

Top-of-the-class valuation for Sandoz

A standout year on the stockmarket for the Swiss generics specialist, whose share price has risen by a huge 67% over the past 12 months.

March 04, 2026 at 01:31 pm

Cannon fire, bugle call

In a duopoly on its domestic retail banking market alongside fellow Irish lender AIB, Bank of Ireland found itself in a privileged position after its main foreign rivals exited and interest rates rose.

March 03, 2026 at 09:34 am

Back against the ropes, BASF shores up its foundations and bets on China

The German chemicals giant published its annual results last Friday. At the same time, it subtly urged its disgruntled shareholders to be a little more patient.

March 02, 2026 at 10:20 am

Pernod Ricard's valuation still a long way from worst-case scenario

Almost exactly six months ago, as the market gave the spirits group its best trading session in a long time after a well-received earnings release, we were not holding our punches against Pernod Ricard.

February 27, 2026 at 10:34 am

Wolters Kluwer valued as if in middle of the subprime crisis

The Dutch professional and academic publishing group is stepping up efforts to convince investors that artificial intelligence is an opportunity rather than a threat to its business, and that it has been ahead of the curve for a long time.

February 26, 2026 at 12:52 pm

Hiscox buys itself a clean slate

After its major misstep during the pandemic, the British insurer is coming back strong, posting a third straight year of revenue growth.

February 26, 2026 at 11:07 am

AMD Gets Out the Heavy Artillery

The announcement of a "strategic partnership" between AMD and Meta can be read in two ways.

February 25, 2026 at 01:38 pm

Walmart Flirts with its Peaks

A happy run for Walmart, which published its annual results late last week and reported revenue of $713 billion over the past 12 months.

February 23, 2026 at 01:32 pm