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UK's Abrdn Renames Itself 'Aberdeen' In Strategy Revamp

Abrdn has announced a return to its original name 'Aberdeen' as part of a broader strategy overhaul aimed at boosting profits and revitalizing its brand image after a previously criticized rebranding. CEO Jason Windsor revealed ambitious targets to increase operating profit by 18% over the next two years, a move that has already resulted in a significant rise in share value. The company is also searching for a new chair and remains focused on its core business areas despite pressures from larger competitors.

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Abrdn Adds Back Vowels After Widely Mocked Rebrand Δ1.90

Investment firm Abrdn is rebranding itself as Aberdeen Group, reinstating the vowels that were dropped in a controversial name change that drew significant public ridicule. The decision is framed as a pragmatic step to eliminate distractions and signal a new phase for the organization, which has faced challenges since its initial rebranding in 2021. Alongside the name change, the firm reported a return to profit, indicating a potential shift in its operational strategy.

Mntn, Adtech Platform Linked to Ryan Reynolds, Files for Us Ipo Δ1.70

MNTN has filed for an initial public offering in the United States, seeking to raise capital as brands refocus their marketing strategies on connected TVs amid accelerating cord-cutting trends. The company's revenue grew nearly 28% last year to $225.6 million, with a net loss narrowing to $32.9 million compared to $53.3 million the previous year. As MNTN prepares to list its shares on the New York Stock Exchange, it faces an IPO market influenced by trade policy uncertainty.

MNTN, Adtech Platform Linked to Ryan Reynolds, Files for US IPO Δ1.70

MNTN is seeking to tap into a booming market as more companies list their shares on public markets, driven by deregulatory moves under the Trump administration. The connected TV advertising platform has seen revenue growth of nearly 28% to $225.6 million last year, narrowing its net loss from $53.3 million to $32.9 million. As trade policy uncertainty continues to affect global markets, MNTN's IPO comes at a pivotal moment for the company and the broader adtech industry.

Ryan Breslow Is Back as CEO of Fintech Bolt After Years of Controversy Δ1.70

Bolt has announced that Ryan Breslow, the company's founder, has been reinstated as CEO with "unanimous approval" from the board. This comes after a tumultuous period for the company, marked by allegations of misconduct and legal battles over fundraising. The return of Breslow to the top spot may be seen as a victory for the embattled entrepreneur.

Japan's Seven & I Names New CEO, Announces Restructuring Δ1.70

Seven & i Holdings has appointed a new CEO and announced plans to restructure its business in response to a $47 billion foreign takeover bid. The company will buy back about 2 trillion yen ($13.4 billion) worth of shares through fiscal year 2030, and pursue a listing of its North American convenience store subsidiary by the second half of 2026. Additionally, Seven & i has agreed to sell its superstore unit to Bain Capital for 814.7 billion yen.

Ryan Reynolds’ MNTN Files for IPO Showing Revenue Growth Δ1.69

MNTN Inc., a connected TV advertising platform that counts Hollywood star Ryan Reynolds as its chief creative officer, filed for an initial public offering, showing revenue growth and narrowing losses. The company's proposed terms for the listing will be disclosed in a later filing, when the underwriters are set to begin marketing the shares. MNTN Performance TV platform offers a suite of targeting, measurement and automated optimization technology, according to its website.

Rolls-Royce Reaches New Heights Amid Transformation Progress Δ1.69

Rolls-Royce has posted stronger-than-expected full-year earnings and upgraded its mid-term guidance, reflecting significant transformation progress since new CEO Tufan Erginbilgic took the reins in January 2023. The company's robust delivery in 2023 and 2024 enabled it to meet its mid-term targets two years ahead of schedule. With a strong outlook, Rolls-Royce declared a £1 billion share buyback, reinforcing its commitment to long-term growth.

AirAsia Owner Capital A Says $226 Million Private Placement Is 'Done' Δ1.69

Capital A, the parent company of AirAsia, has successfully completed a private placement to raise 1 billion ringgit ($226 million), as confirmed by Group CEO Tony Fernandes. This financial move is part of a broader reorganization plan aimed at exiting the financially distressed PN17 status imposed by Malaysia's stock exchange, which is crucial for maintaining its listing. With potential investments from international funds and a focus on profitability, Capital A is positioning itself for recovery and future growth in the competitive airline sector.

Admiral Group (LON: ADM) Is Paying Out A Larger Dividend Than Last Year Δ1.69

Admiral Group plc will increase its dividend from last year's comparable payment on the 13th of June to £1.21, taking the dividend yield to an attractive 6.4%. This boost to shareholder returns may provide a significant advantage for investors seeking stable income, but it is essential to consider the long-term sustainability of this payout. The company's ability to maintain its high dividend yield without compromising its financial stability is crucial.

Delta Air Lines, Inc. (NYSE:DAL): A Discounted Share for a Premium Business Δ1.69

The bulls' thesis on Delta Air Lines, Inc. (NYSE:DAL) highlights the company's strong partnership with American Express, which generates significant revenue and expands its premium customer base. The airline industry's post-COVID premiumization has also contributed to DAL's growth prospects, as it capitalizes on customers seeking higher-end services like first/business class and loyalty programs. Additionally, supply chain constraints have reduced growth rates for low-cost carriers, creating an opportunity for DAL to capture market share without compromising pricing.

Palantir (PLTR) Shares Skyrocket, What You Need To Know Δ1.68

Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.6% in the morning session after Wedbush analysts reaffirmed their Buy rating, suggesting they are unshaken in their resolve, despite the company surrendering most of its post-earnings (Q4 2024) stock gains amid worries about government budget cuts. The analysts highlighted Palantir's ability to win a bigger share of the remaining pie, citing its AI capabilities and involvement in key military projects. However, this move may be short-lived as concerns surrounding the company's financials and CEO Alex Karp's new stock plan continue to cast a shadow over the stock.

Aaon (Nasdaq:aaon) Reports Sales Below Analyst Estimates in Q4 Earnings, Stock Drops 10.2% Δ1.68

Heating and cooling solutions company AAON (NASDAQ:AAON) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 2.9% year on year to $297.7 million. Its non-GAAP profit of $0.30 per share was 43.7% below analysts’ consensus estimates. The company's ability to maintain a strong backlog and expand production capacity despite industry-regulated refrigerant transition challenges and weakening construction activity is a testament to its operational resilience.

The Nasdaq Is in a Correction – Here Are 2 Stocks You Can Buy on Sale Right Now Δ1.68

The Nasdaq Composite has entered a correction phase, experiencing a drop of over 10% from its recent highs, which presents unique buying opportunities for long-term investors. Among the stocks highlighted, Advanced Micro Devices (AMD) and Alphabet (GOOGL) are particularly attractive due to their substantial revenue growth prospects despite recent declines in share prices. These companies, while facing market pressures, demonstrate strong fundamentals that could lead to significant recovery as the tech sector rebounds.

Private Credit Market Firm State Street, Apollo to Rename Scrutinized Private Debt Etf Δ1.68

The highly anticipated SPDR SSGA Apollo IG Public & Private Credit ETF will change its name after concerns from the US Securities and Exchange Commission over liquidity, fund naming, and valuation compliance were raised. The fund's launch was met with enthusiasm from private credit firms and investors who saw it as a way to bring direct lending to regular trading markets. State Street Corp. and Apollo Global Management Inc., the ETF's creators, have vowed to revise the name "as soon as practicable" pending approval from their board.

Abercrombie & Fitch Deepens Retail Gloom with Tepid Forecast, Shares Drop Δ1.68

Abercrombie & Fitch has projected a disappointing annual sales growth of only 3% to 5%, which has led to a significant 14% drop in its share value, reflecting broader retail challenges amidst high inflation. The company cited rising freight costs, increased promotions to clear excess inventory, and the impact of U.S. tariffs as factors contributing to the anticipated decline in margins and demand. Analysts express concerns that the brand's future sales may falter, jeopardizing its full-year targets as consumer spending remains cautious.

China's Full Truck Alliance Eyes Hong Kong Listing, Strong 2025 Growth, Says Executive Δ1.67

FTA is open to revisiting plans for a second listing in Hong Kong amid renewed investor interest and escalating Sino-U.S. geopolitical tensions, which could provide much-needed capital and restore confidence in the company. The company reported strong earnings for 2024, driven by increasing digital adoption, with CFO Simon Cai expecting another strong performance in 2025. FTA is also boosting its investment in AI and plans to deploy a nationwide AI-led system to increase order fulfillment rates.

Dividend Revival Sparks Caution in Rolls-Royce Investors Δ1.67

Rolls-Royce shares have recently seen an increase in dividend payments, but investors should not get too excited about this development. The company's recent earnings release showed a 16% surge in the share price, primarily driven by upgrades in mid-term targets and reinstatement of the dividend. However, the impressive rise in stock price may be short-lived due to concerns over valuation and potential dividend cutbacks.

Abercrombie & Fitch Stock Hammered by Tariff Concerns — Why More Brutal Warnings Lurk Δ1.67

Investors are grappling with the potential seismic shift in the retail landscape as consumers' spending habits continue to evolve. The company's robust growth over two years has been followed by a disappointing earnings report, highlighting the challenges posed by tariffs on freight costs and consumer spending. Abercrombie & Fitch now expects net sales to grow at a slower pace than previously anticipated.

Trump Tariffs Give Struggling Target Cover to Make One Big Change, at the Expense of Investors Δ1.67

Target's decision to abandon its quarterly earnings guidance is a strategic move to adapt to the uncertainty caused by Trump tariffs and unpredictable weather patterns, which have been affecting the retail industry in recent years. By providing only full-year outlooks, the company aims to better estimate consumer demand and avoid volatility in its sales and profits. This shift also reflects Target's growing confidence in its ability to navigate these challenges.

Rubean AG (FRA:R1B) Approaches Breakeven Milestone Δ1.67

Rubean AG, a fintech company specializing in software point-of-sale solutions, is projected to reach breakeven in 2026 after reporting a loss of €1.6 million for the last financial year. Analysts predict that Rubean will need to achieve an average annual growth rate of 49% to turn a profit, highlighting investor confidence in the company's future despite its current cash-burning status. The absence of debt on Rubean's balance sheet reduces investment risk, offering a favorable outlook as it navigates its path to profitability.

Target Shares Tank as It Issues Rough First Quarter Profit Warning Due to Trump Tariffs Δ1.67

Target's profit warning is a stark reminder of the toll that Trump tariffs are taking on retailers, and investors are watching with bated breath to see how the company will recover from this setback. The company's decision to move away from providing quarterly guidance is a clear indication that it is struggling to navigate the complexities of tariff uncertainty. As the retail sector grapples with the impact of Trump tariffs, Target's stock is down 15% year to date and off by 27% in the past year.

Goldman Sachs Names COO for Global M&A Δ1.67

Goldman Sachs has named David Dubner as chief operating officer of global mergers and acquisitions, bolstering leadership in one of its most important businesses. The firm's M&A league tables have been consistently topped over the years, advising on some of the biggest deals globally. Dubner will leverage his nearly two decades of experience to develop and execute the firm's strategy for growing its market-leading franchise.

Capital a Expected to Return to Profit This Year After 2024 Loss Δ1.67

Capital A made an attributable loss of 475.1 million ringgit ($106.5 million) for 2024, from a profit of 255.3 million ringgit in the previous year. The company said the loss was largely due to 1.4 billion ringgit in one-off forex losses mainly in its aviation business, which also caused the company's fourth-quarter loss to swell to 1.57 billion ringgit from 345.3 million ringgit a year earlier. Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X Bhd, which counts Capital A as one of its top shareholders.

Baidu Raises 10 Billion Yuan in First Bond Sale Since 2021 Δ1.67

Baidu Inc.'s debt issuance is a strategic move to secure funding for its operations, but it also reflects the company's struggles with revenue growth amid intense competition. The sale of yuan-denominated bonds marks a significant milestone for Baidu, allowing it to tap into the domestic market and diversify its financing options. However, the borrowing costs are still relatively high, highlighting the challenges faced by Chinese tech companies in accessing capital.

Why Palantir (PLTR) Shares Are Climbing Today Δ1.67

Palantir shares are surging after a surprise upgrade to "Market Perform" by William Blair analysts, following a 33% selloff that left investors reeling. The company's revenue growth and guidance for 2025 at 31% and operating margins projected at 45% have bolstered its prospects, despite lingering concerns about government contract delays. As Palantir seeks to capitalize on the U.S. government's demand for a centralized payment tracking system, analysts now predict stronger returns than previously anticipated.