MoneyHero Ltd (MNY) News & EventsMNYMoneyHero Ltd

MoneyHero Launches Critical Illness Insurance Comparison in Hong Kong

MoneyHero announced the launch of critical illness insurance comparison in Hong Kong. The launch is the first product delivery on the second-half 2026 product roadmap MoneyHero outlined on its second quarter 2026 earnings call.

MoneyHero's Largest Shareholder Urges Board to Consider Sale

Jonathan Honig, the largest unaffiliated shareholder of MoneyHero, issued an open letter to the Company's Board of Directors urging the Board to immediately explore strategic alternatives, including a potential sale of the Company. "As you should be aware, I am the largest unaffiliated shareholder of MoneyHero Limited with beneficial ownership of approximately 9.0% of the Company's outstanding Class A Ordinary Shares... As a long-term and committed shareholder of the Company, I have supported management and the Board of Directors in their efforts to drive a profitable enterprise; however, I am writing today because I have become increasingly concerned by several developments, which has led me to believe that the Board should immediately initiate a strategic review process to explore a sale of the Company... The Company cannot afford to operate indefinitely under interim leadership, particularly given the competitive dynamics of the markets in which it operates. A business of this nature requires a permanent CEO with a clear mandate and the confidence of shareholders... Annual revenue has declined in each of the last two fiscal years.. The most recent closing price of the Company's shares was US$0.675, down more than 88% from when it opened as a publicly traded company in October 2023... Given these facts, I believe the best course of action to maximize value for all shareholders is for the Board to: Retain an independent financial advisor and initiate a comprehensive strategic review process to evaluate a sale of the Company, alongside any credible strategic alternatives; and Provide shareholders with meaningful transparency regarding the CEO search process, including the expected timeline for appointing a permanent Chief Executive Officer."

Major Averages Surge as Inflation Pressure Eases

The major averages closed sharply higher to end an otherwise down week. The rebound came as oil prices retreated from their recent highs, easing some of the inflation pressure that has pushed Treasury yields to multiyear highs.The August consumer price index report came in roughly in-line with expectations, with headline consumer prices rising 0.4% month over month and 3.4% from a year earlier, while core CPI increased 0.3% monthly and 2.4% annually. The firmer-than-expected core reading suggests underlying inflation remains sticky.Markets are now pricing about 90% odds of a 25-basis-point Fed hike next week, a dramatic change from the expectations for rate cuts that dominated the market earlier in the summer.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleprovided areport for Q1Adobealso provided areport for Q3CopartACV Auctionsfor $10.50 per share in cash, representing an implied equity value of approximately $1.9BKrogerreportedand reiterated its FY26 adjusted earnings guidanceOpenAI CEO Sam Altman told staff the company could slow down the development of AI,2. WALL STREET CALLS:NuScale Powerto Sell from Neutral at UBSJPMorganChewyto Neutral, citing pressure on organic growthBarringtonCopartto Outperform from Market PerformInternational Paperto Buy at BofA following pullbackBernsteincoverage of Shopifywith an Outperform rating3. AROUND THE WEB:PayPalCEO Enrique Lores is planning to run the company as a standalone business after a proposed buyout valued at over $50B stalled, WSJ reportsBroadcom'sVMware licensing overhaul is drawing deeper EU antitrust scrutiny as regulators investigate whether changes to VMware's software licensing and pricing are harming cloud providers and their customers, Bloomberg reportsColgate-Palmoliveis weighing a sale of certain mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, and is working with Goldman Sachson the process, Reuters reportsAlibabais set to lead a $300M investment in UniPat AI, valuing the company at $2.5B, Bloomberg reportsNvidiais facing DOJ scrutiny over whether its $17B non-exclusive Groq licensing deal and hiring of key executives were structured to avoid antitrust review, NY Times says4. MOVERS:Celesticagained in New York after announcing Chawla willof group president, global markets, and Ankenmann will succeed him as chief financial officerSPS Commerceincreased after Bloombergthe company is in talks to be acquired by GTCRDell Technologieswas higher after RBC Capitalcoverage of the stock with an Outperform ratingOklofell after entering into anfor up to $1BTenablewas lower after pricing its upsized5. EARNINGS/GUIDANCE:RH, provided guidance for Q3, and narrowed its outlook for FY26Ibex, with CEO Bob Dechant calling it a "record-breaking quarter"Zumiez, with EPS and revenue missing consensusReformationand provided guidance for FY26MoneyHero, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 508.71, or 0.98%, to 52,572.81, the Nasdaq gained 251.31, or 0.96%, to 26,333.04, and the S&P 500 advanced 65.18, or 0.86%, to 7,656.88.