Ford, PayPal, AMC Robotics, Korea Zinc and Rolls-Royce

Ford (F) shares were the number one trending ticker on Yahoo Finance on Tuesday morning after the US carmaker said it expected to take about $19.5bn (£14.6bn) in special charges tied to a retreat from parts of its all electric vehicle strategy.

The Detroit-based group said most of the charges would be recognised in the fourth quarter. A further $5.5bn in cash charges will be spread through 2027, with the majority paid next year.

Ford said the charges would weigh on reported net results but would not affect adjusted earnings. On Monday the company raised its forecast for adjusted earnings before interest and taxes to about $7bn in 2025, returning to a target set earlier this year. That guidance had been cut in October to a range of $6bn to $6.5bn in adjusted EBIT.

The charges announced on Monday include $8.5bn of write downs on electric vehicle assets and reflect changes to Ford’s longer term business plans, as it scales back investment in parts of its EV operations amid weaker than expected demand.

The Michigan-based company said it will replace the fully electric F-150 Lightning with a new extended-range electric model that uses a gas-powered engine to recharge the battery. The company is also scrapping a next-generation electric truck, codenamed the T3, as well as planned electric commercial vans.

Shares in PayPal (PYPL) rose slightly in pre-market trading on Tuesday after the fintech group said it had applied for a US banking licence, following a 1.5% fall in its shares on Monday.

The payments company said it had submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank. Becoming a bank would allow the group to expand its lending to small businesses, it said.

“Securing capital remains a significant hurdle for small businesses striving to grow and scale,” said chief executive Alex Chriss. “Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the US.”

The proposed bank would be a Utah chartered industrial loan company, a type of institution that can make loans, take FDIC insured deposits and be owned by a non financial parent.

PayPal’s move follows efforts this year by several crypto groups and digital banks to enter the regulated banking system, encouraged by the Trump administration’s more open stance towards non traditional financial companies. Some have pursued banking charters as a potential route to issuing stablecoins.

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Since 2013, PayPal has provided more than $30bn in loans and working capital to over 420,000 business accounts worldwide.

Shares in AMC Robotics (AMCI) jumped a further 60% in overnight trading on Tuesday after closing 168% higher a day earlier, as investors welcomed the company’s plans to commercialise its AI powered robotics technology.

AMC Robotics develops smart security systems and has recently unveiled an AI powered quadruped robot designed for warehouse patrols and incident response. The company has operated since 2014, focusing on security technology including its YI security camera range.

“As we enter this next chapter, we are excited to advance our innovations and deliver leading products that can bring a new level of automation to our enterprise customers,” said chief executive Sean Da.

“With the launch of our AI powered robotic technology, we have an opportunity to capture share in the warehousing market and drive long term growth.”

Shares in Korea Zinc (010130.KS) fell sharply on Tuesday after reports that its largest shareholder was opposing plans to form a US backed joint venture that would dilute its stake in the South Korean group.

Shares in the world’s largest zinc smelter had surged more than 26% on Monday before giving up most of those gains to end the session up 5%, following the announcement of a $7.4bn mineral smelter project in Tennessee. The stock ended Tuesday down 13.94%.

An alliance led by the company’s largest shareholders is opposing the proposal and is seeking a court injunction to block the issuance of new shares.

The Korea Times reported that the alliance, which includes private equity group MBK Partners and conglomerate YoongPoong, said the plan was intended to allow chairman Choi Yun beom to retain management control of the company.

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Under the proposal, a joint venture would be established to build the Tennessee smelter, with the Pentagon set to hold a 40% stake in the vehicle.

Overnight, US commerce secretary Howard Lutnick said in a post on X: “Starting in 2026, the United States will have priority access to Korea Zinc’s expanded global production, putting American security and manufacturing FIRST.”

Shares in Rolls-Royce (RR.L) were down 1.2% in London despite launching a £200m interim share buyback ahead of its full year results, following the completion of a £1bn programme last month.

UBS will conduct the programme independently, purchasing Rolls-Royce ordinary shares on the London Stock Exchange or other recognised investment exchanges. The shares will then be sold back to Rolls-Royce and cancelled, reducing the group’s share capital.

The maximum number of shares that can be repurchased under the scheme is about 850 million, in line with authority granted by shareholders at the company’s annual general meeting in May 2025.

Rolls Royce said the overall size of its next full share buyback for 2026 remains under review and will be announced alongside the full year results.

“This buyback program signals Rolls-Royce’s confidence in its financial position and future prospects. By reducing the number of outstanding shares, the company aims to increase earnings per share and potentially boost its stock price, rewarding shareholders,” the engine manufacturer said in a statement.

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Ford, PayPal, AMC Robotics, Korea Zinc and Rolls-Royce

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