nuSep 3, 2026, 14:00

Victoria's Secret shares tumble after earnings report

Victoria's Secret shares fell as investors remained unimpressed by quarterly results, even as CEO Hillary Super focuses on core growth strategies. Meanwhile, Snowflake shares surged on strong AI demand, while broader markets rose and oil prices climbed amid escalating tensions in the Middle East.

Victoria's Secret shares declined following their latest quarterly results, despite CEO Hillary Super's efforts to revitalize the brand by focusing on core lingerie and the Pink label for young adults. Conversely, Snowflake shares surged by 24.2 percent after the software company exceeded earnings expectations and raised its annual outlook, citing strong growth driven by its artificial intelligence products. Other technology firms saw varied performance, with Broadcom falling due to a disappointing revenue forecast despite growth in AI chip sales, while NVIDIA rose following its acquisition of AI startup Hugging Face.

Financial markets overall trended upward, as the Dow Jones, S&P 500, and Nasdaq indices all recorded gains early in the trading session. Meanwhile, oil prices experienced a rebound driven by intensifying geopolitical tensions in the Middle East. This rise follows reported attacks by Iran on targets in the United Arab Emirates and Kuwait, prompting threats of further action from the United States government as fuel prices continue to reach record highs.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

Government and industry invest hundreds of millions in medical technology

The Dutch government and private industry are investing hundreds of millions into medical technology, focusing on AI and robotics to improve treatment for serious illnesses and address healthcare staffing shortages. The initiative, detailed in the MedTech 2035 agenda, also aims to promote remote care innovation to strengthen both the national healthcare system and the economy.

Gas prices continue to rise, Europe enters winter with low gas reserves

Natural gas prices are climbing due to supply chain disruptions caused by ongoing conflict in the Middle East, leading to significantly lower export volumes from major producers like Qatar. Consequently, European gas reserves remain below seasonal averages, causing the cost of annual energy contracts in the Netherlands to rise sharply.

Hotel chain Fletcher acquired by international hotel operator

The Dutch hotel chain Fletcher Hotels has been acquired by international operator Sunday PropTech. The deal includes the purchase of all shares from the previous owner, Egeria, and the company's management.

Fewer packages from Asia for PostNL, which again advocates for three-day letter delivery in the Netherlands

PostNL reports a 32 percent decline in parcel volumes from Asian retailers due to new European customs fees, despite seeing a slight rise in overall quarterly revenue. The company is simultaneously pressing the Dutch government for a transition to three-day mail delivery and seeking 148 million euros in compensation to support the change.

Dutch people ordering far fewer packages from abroad via PostNL

PostNL reports a 32 percent decline in parcel deliveries from outside the EU following the implementation of a new import fee. To cope with shrinking mail volumes, the company has shifted to a two-day standard delivery service and is seeking government support to cover operational costs.