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Trent's shares plunged nearly 4% following a downgrade by Goldman Sachs from 'buy' to 'neutral,' citing concerns over slowing sales and underperformance of Zudio stores. The brokerage reduced its price target by 21% to 5,500. Despite expecting Zudio's FY25 sales to grow by 60%, Goldman Sachs lowered Trent's revenue and earnings estimates.
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The Federal Communications Commission has approved the deal between Skydance and Paramount, parent of the CBS network.
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News and Media
Indian Energy Exchange shares experienced a significant drop. This decline followed the Central Electricity Regulatory Commission's decision. The commission plans to implement 'market coupling'. This move is expected to impact IEX's revenue streams. Market coupling aims to unify power prices. Hindustan Power Exchange and Power Exchange India may benefit. IEX's market share could potentially decrease as a result.
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News and Media
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