Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Subscribe
Money Visa
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
Novo Nordisk, Starbucks, SoFi Technologies, BAE Systems and Taylor Wimpey
  • Investing

Novo Nordisk, Starbucks, SoFi Technologies, BAE Systems and Taylor Wimpey

  • July 30, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

Shares in Novo Nordisk (NOVO-B.CO, NVO) fell on Wednesday after the Danish pharmaceuticals company behind weight-loss drug Wegovy and diabetes treatment Ozempic slashed its sales and profit forecasts.

The company's Copenhagen-listed shares were down more than 3% on Wednesday, while New York-listed shares were down 3.6% in pre-market trading after tumbling nearly 22% in the previous session.

In a release on Tuesday, Novo Nordisk cut its expected full-year sales growth to 8%-14%, down from the 13%-21% it had expected to see as of May.

The company also said it now expects operating profit growth of 10%-16%, down from its previous estimate of 16%-24%.

Read more: Stocks slip as traders digest earnings and await eurozone GDP data

“For Wegovy in the US, the sales outlook reflects…slower-than-expected market expansion and competition,” Novo Nordisk said. “For Ozempic, the updated outlook is negatively impacted by competition in the US.”

In a separate statement on Tuesday, Novo Nordisk announced that Maziar Mike Doustdar had been appointed as president and CEO, effective from 7 August. He will replace Lars Fruergaard Jørgensen, whose departure from the company was announced in May.

Chris Beauchamp, chief market analyst at IG, said: “Novo Nordisk shares continue to endure their own remarkable weight loss programme.

“This is a classic case of market euphoria and elevated expectations being the downfall of a share price; amid all the noise, income at the company continues to soar. The pendulum has swung from wild optimism at 39 times earnings a year ago to rampant pessimism at 11 times now – are there any investors brave enough to snap up a possible bargain?”

Shares in Starbucks rose 4.5% in pre-market trading on Wednesday, after the coffee shop chain's CEO Brian Niccol said the company's turnaround is “ahead of schedule”.

The rise in share price came despite Starbucks reporting a mixed set of third quarter results on Tuesday, with adjusted earnings per share of $0.50, which was below the Bloomberg consensus estimate of $0.65.

Net revenue was slightly better than expected, at $9.46bn (£7.07bn) versus a $9.29bn estimate. However, total comparable sales fell 2%, which was worse than the 1.5% decline expected on Wall Street.

Niccol said: “We've fixed a lot and done the hard work on the hard things to build a strong operating foundation, and based on my experience of turnarounds, we are ahead of schedule.

“In 2026, we'll unleash a wave of innovation that fuels growth, elevates customer service, and ensures everyone experiences the very best of Starbucks. We're building back a better Starbucks experience and a better business.”

Shares in SoFi Technologies (SOFI) slid 6.5% in pre-market trading on Wednesday, after the company announced plans to sell $1.5bn of stock.

The provider of consumer financial services said that in connection with the public offering of its common stock, it planned to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering.

SoFi said it planned to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities.

Stocks: Create your watchlist and portfolio

Bloomberg reported that the company is planning to offer the shares for $20.85 to $21.50 apiece, citing a person familiar with the matter, which would be a discount versus Tuesday's closing price of $22.40. A spokesperson for SoFi had not responded to Yahoo Finance UK's request for comment at the time of writing.

SoFi's shares soared on Tuesday after the company reported a strong earnings beat, with revenue surging 44% year over year and the company adding a record 850,000 new members in the quarter.

On the London market, shares in BAE Systems (BA.L) dipped nearly 3% on Wednesday, despite the defence company upgrading its full-year guidance.

BAE reported first half sales of £14.6bn ($19.51bn) on Wednesday, which was just ahead of expectations of around £14.5bn. Underlying earnings before interest and tax (EBIT) came in at £1.55bn, which also topped estimates.

Given this strong performance, BAE raised its guidance for the year, expecting sales growth of between 8% and 10%, up from a previous estimate of 7% to 9%. Meanwhile, underlying EBIT was expected to grow by 9% to 11%, versus previous guidance of 8% to 10%.

Read more: HSBC launches $3bn share buyback despite second-quarter profit plunge

Victoria Scholar, head of investment at Interactive Investor, said: “Although there were some concerns earlier in the year that the investor enthusiasm around BAE Systems was starting to falter, given its exposure to long term contracts, today’s update proves there is still reason to be optimistic towards the stock with the company achieving double digit percentage top and bottom line growth.

“BAE saw strong sales growth across its sectors including air, maritime, platforms and services, and electronic systems.

“Despite some weakness today amid the risk-off market mood, BAE is among the best performing stocks on the FTSE 100 over the past six months, up over 40% and it is up around 55% so far this year. Unsurprisingly the consensus recommendation is a buy on the stock from the analyst community with little in today’s report to suggest that will change.”

Shares in Taylor Wimpey fell 6.5% on Wednesday, after the housebuilder downgraded its profit forecast citing a £20m charge associated with historical defective workmanship by a principal contractor.

The company said it now expects to deliver operating profit of around £424m for the year.

Steve Clayton, head of equity funds at Hargreaves Lansdown, said: “Homebuilder Taylor Wimpey has reported operating profits of £161 million for the first half of the year, down from £182.3 million the year before. The group said that trading has weakened in the most recent quarter.

“Affordability remains an issue, especially for first-time buyers. The group reported an overall loss for the period of £92 million, reflecting a £20 million charge to cover the costs of rectifying sub-standard work by a contractor and a further £222 million charge relating to cladding safety.”

Read more:

Download the Yahoo Finance app, available for Apple and Android.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
Nike's 'retro-looking' 0 sneakers are on sale for just , and shoppers call them 'the most comfortable shoes'
  • Trading

Nike's 'retro-looking' $100 sneakers are on sale for just $56, and shoppers call them 'the most comfortable shoes'

  • July 30, 2025
  • Roubens Andy King
Read More
Next Article
XRP Traders Pull Back .4B—Brace For Impact Or Buy the Dip?
  • Crypto

XRP Traders Pull Back $2.4B—Brace For Impact Or Buy the Dip?

  • July 30, 2025
  • Roubens Andy King
Read More
You May Also Like
Tariffs, Economic Concerns Drag Down Stocks
Read More
  • Investing

Tariffs, Economic Concerns Drag Down Stocks

  • Roubens Andy King
  • July 31, 2025
Dow, S&P 500, Nasdaq slide to solid month on sour note as Trump’s tariff deadline, jobs report loom
Read More
  • Investing

Dow, S&P 500, Nasdaq slide to solid month on sour note as Trump’s tariff deadline, jobs report loom

  • Roubens Andy King
  • July 31, 2025
Markets Surge. A Look Ahead Shows Pullbacks May Be on the Horizon
Read More
  • Investing

Markets Surge. A Look Ahead Shows Pullbacks May Be on the Horizon

  • Roubens Andy King
  • July 31, 2025
Labubus are getting U.S. consumers hooked on Pop Mart
Read More
  • Investing

Labubus are getting U.S. consumers hooked on Pop Mart

  • Roubens Andy King
  • July 31, 2025
Walmart (WMT) Expands Marketplace Offering With A-GAME Beverages’ Sports Drink Line
Read More
  • Investing

Walmart (WMT) Expands Marketplace Offering With A-GAME Beverages’ Sports Drink Line

  • Roubens Andy King
  • July 31, 2025
You can bet on the words that will be said on Apple’s earnings call
Read More
  • Investing

You can bet on the words that will be said on Apple’s earnings call

  • Roubens Andy King
  • July 31, 2025
Stock Market News for Jul 31, 2025
Read More
  • Investing

Stock Market News for Jul 31, 2025

  • Roubens Andy King
  • July 31, 2025
AI gives stocks a lift, dollar mixed tracking Fed, tariffs
Read More
  • Investing

AI gives stocks a lift, dollar mixed tracking Fed, tariffs

  • Roubens Andy King
  • July 31, 2025

Recent Posts

  • IMF Recommends Including Bitcoin in National GDP Calculations
  • Secretary Bessent's Social Security remarks spark AARP outcry
  • Today’s NYT Mini Crossword Answers for Aug. 1
  • SEC U-Turn Confirmed: Most Crypto Tokens Are Not Securities, Defying Past Claims
  • Andy Jassy unleashed an 8-minute defense of Amazon’s AI playbook on earnings call
Featured Posts
  • IMF Recommends Including Bitcoin in National GDP Calculations 1
    IMF Recommends Including Bitcoin in National GDP Calculations
    • July 31, 2025
  • Secretary Bessent's Social Security remarks spark AARP outcry 2
    Secretary Bessent's Social Security remarks spark AARP outcry
    • July 31, 2025
  • Today’s NYT Mini Crossword Answers for Aug. 1 3
    Today’s NYT Mini Crossword Answers for Aug. 1
    • July 31, 2025
  • SEC U-Turn Confirmed: Most Crypto Tokens Are Not Securities, Defying Past Claims 4
    SEC U-Turn Confirmed: Most Crypto Tokens Are Not Securities, Defying Past Claims
    • July 31, 2025
  • Andy Jassy unleashed an 8-minute defense of Amazon’s AI playbook on earnings call 5
    Andy Jassy unleashed an 8-minute defense of Amazon’s AI playbook on earnings call
    • July 31, 2025
Recent Posts
  • Burford Capital Limited (BUR) Completes 0 Million Debt Offering
    Burford Capital Limited (BUR) Completes $500 Million Debt Offering
    • July 31, 2025
  • Meir Statman: Your State of Mind Influences Your Investing Success
    Meir Statman: Your State of Mind Influences Your Investing Success
    • July 31, 2025
  • Altcoin Season Here? 6 Key Metrics Show Market Shift
    Altcoin Season Here? 6 Key Metrics Show Market Shift
    • July 31, 2025
Categories
  • Business (1,285)
  • Crypto (681)
  • Economy (104)
  • Finance Expert (1,145)
  • Forex (681)
  • Invest News (1,568)
  • Investing (872)
  • Tech (1,271)
  • Trading (1,255)
  • Uncategorized (1)
  • Videos (774)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.