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• World's largest olive oil company plummets 19% after rivals agree to takeover deal

  Spanish olive oil producers DCOOP and Acesur have partnered to acquire Deoleo through an equal joint venture aimed at consolidating domestic control over the industry. The transaction seeks to stimulate worldwide product consumption while improving financial returns for agricultural suppliers across the chain. Market sentiment reversed sharply after the formal takeover pact eliminated earlier speculative premiums from a potential bidding war.

  1 min read
• Nintendo reports Q2 net profit down 16% YoY to $468M, as rising Switch 2 component costs cut into its margins; Switch 2's H1 FY 2027 sales fell 37% YoY to 6.49M (Takashi Mochizuki/Bloomberg)

  Japanese gaming giant Nintendo is facing severe margin compression as supply chain expenses for its flagship console escalate. Compounding these profitability challenges, global consumer demand for the hardware experienced a sharp contraction during the first six months of the fiscal period. These twin pressures highlight the mounting operational hurdles the company faces as hardware manufacturing costs squeeze overall earnings.

  1 min read
• Welsh aviation firm AerFin bought in £475m deal

  Japanese conglomerate ORIX Group has expanded its aviation footprint into lifecycle and aftermarket services through the takeover of Newport-based specialist AerFin. The transaction facilitates an exit for Danish private equity firm CataCap while securing new strategic backing for the international components supplier. This alliance aims to scale the Welsh firm's commercial operations and bolster aircraft fleet management capabilities globally.

  2 min read