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Analysts gave mixed reactions to Porsche’s investor event, with UBS calling the medium-term plan reassuring and Jefferies highlighting more modest guided margin expansion. Jefferies kept a hold rating and UBS reiterated buy with a 60 euro target.
CryptoQuant said bitcoin miners moved back into profitability in late August when bitcoin crossed $76,000, and that they are no longer dumping bitcoin to stay afloat. Bitcoin fell 2.6% to $81,272.
Shell said its refining margin is expected to reach a record high in the third quarter, helped by Middle East war volatility and a global supply squeeze.
Disney said all U.S. Disney+ subscribers will be able to stream the traditional Super Bowl game presentation airing on ESPN and ABC in 2027.
A Dow Jones package highlights several company and regulatory developments, including Disney+ plans to stream the 2027 Super Bowl, Shell's record refining margin outlook and preliminary earnings from LG Electronics.
Disney+ will stream the traditional game presentation of the 2027 Super Bowl for U.S. subscribers. The game will also air on ESPN and ABC.
Canada's Weston family, through Wittington, will buy Boots' retail operations in the U.K. and Ireland, along with Boots Opticians, No7 Beauty Co., Thailand and franchised businesses.
Porsche plans to increase prices by 20% for its top-end models to enhance exclusivity and drive higher profitability. The German sports-car maker aims to achieve this by offering more high-end vehicles while simultaneously cutting costs and streamlining operations.