Oil prices plunge as Iran says Strait 'open'
Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.
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European stocks plunge as tech sector faces worst day since February 3
City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025. Nathan Laine | Bloomberg | Getty Images Europe-listed shares traded sharply lower on Thursday, as fears of escalation in the U.S.-Iran war gripped global markets once again. The pan-European Stoxx 600 was 1.1% lower shortly after 9:30 a.m. in…
Pop Mart shares plunge over 22% as concerns over sustainability of Labubu sales dwarf stellar results
A PopMart Labubu The Monsters doll hangs from an influencer’s handbag during a press preview outside an AliExpress pop-up store in London, Britain, Nov. 11, 2025. Isabel Infantes | Reuters Pop Mart shares lost more than a fifth of their value on Wednesday, as concerns over the sustainability of the company’s Labubu plushies-driven growth overshadowed…
Listed firms risk 30% share plunge amid rising cyber attacks
AI is helping bring down the time to identify breaches. (Graphic by Nicola Mawson | Pexels) JSE-listed companies could lose as much as 30% of their share value following a crisis such as a cyber attack, in an environment where hacks are surging even as response times improve. Heino Gevers, senior director of technical support…
Canal+ shares plunge on weak MultiChoice outlook
Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, left its shares on track for their worst one-day performance in history. Its shares were down more than 20% at 2.54pm SAST (12.54pm GMT), their worst day since listing in London 15 month…
Pick n Pay shares plunge following unexpected earnings warning
Pick n Pay has issued a stark warning to investors, revealing that its headline loss per share for the 2026 financial year is expected to widen by more than 20% compared to the previous year. The announcement sent the retailer’s share price into a tailspin, dropping 9% in early Johannesburg trading. Read: iPhone 17e to…
India’s largest airline sees shares drop after earnings plunge 78%
Passengers are seen amid heavy crowds and chaotic scenes at Indira Gandhi International Airport after stringent new crew-rostering rules triggered widespread delays and cancellations in New Delhi, India, on Dec. 5, 2025. Amarjeet Kumar Singh | Anadolu | Getty Images India’s largest airline, Indigo, that cancelled more than 2,500 flights within days last month causing…
Novo Nordisk shares plunge after Alzheimer’s drug trial fails to hit key target
The Novo Nordisk A/S headquarters in Bagsvaerd, Denmark, on Wednesday, Nov. 5, 2025. Nichlas Pollier | Bloomberg | Getty Images Shares of Novo Nordisk on Monday fell as much 11% after the Danish drug pharmaceutical company said a highly-anticipated trial for Alzheimer’s disease failed to meet its main goal. The trial tested whether semaglutide — the…
MTN shares plunge as South African revenue falls
Shares of MTN Group Ltd. experienced a steep decline in Johannesburg on Monday, falling by as much as 10%—the largest drop since March 2023. The plunge followed the announcement that the company’s South African revenue had fallen, leading to a management shake-up. Investors were also concerned about a U.S. Department of Justice probe into the…
Tesla faces ‘rough quarters’ as sales plunge
Patrick Pleul/Reuters Tesla CEO Elon Musk said on Wednesday that US government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company before a wave of revenue from self-driving software and services begins late next year. Shares fell nearly 5% after Musk responded on a quarterly results conference…