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Finance & Markets

Europe Should Release More Diesel Fuel, Wright Says

US Energy Secretary Chris Wright says we have a "three-alarm" fire when it comes to diesel and that Europe should be releasing more from its reserves. He speaks to Bloomberg's Annmarie Hordern at the Citadel Securities Conference in New York. (Source: Bloomberg)

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Q3 2026: Transcorp Hotels Widens Margins, Grows Profit Before Tax to ₦22.5bn

Transcorp Hotels Plc (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the third quarter ended…

  • Transcorp Hotels reports ₦22.5bn profit before tax in Q3 2026, up 1% from last year
  • Profit after tax grows 5% to ₦15.5bn, revenue declines 3%
  • Total assets expand 29% to ₦206.8bn, shareholders funds reach ₦97.5bn

Better Retail Stock for 2026: GameStop vs. MercadoLibre

GameStop's margin recovery and fortress balance sheet contrast sharply with MercadoLibre's explosive growth and fintech dominance, but which model wins in 2026?

  • GameStop's sales declined 5.1% in fiscal year 2026
  • MercadoLibre revenue grew 39.1% YoY to $28.9B
  • GameStop has physical stores, MercadoLibre dominates Latin America

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