By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
H&R REIT to break up in C$6.7B deal, splitting US apartments from rest
H&R Real Estate Investment Trust has agreed to a C$6.7 billion breakup deal. GO Residential REIT will acquire the US apartment portfolio, wh
Alcon raises 2026 profit outlook as tariff hit shrinks
Alcon now expects 12%-15% core EPS growth in 2026, up from 10%-13%, thanks to a smaller tariff hit and a US refund due in Q3. Sales growth o
Sea's Shopee drives revenue beat as e-commerce and fintech surge
Sea's quarterly revenue hit $7.79 billion, beating forecasts as Shopee's e-commerce jumped 48.9% and digital financial services grew 58.9%.
Barrick names Sebastiaan Bock to lead overseas mines ahead of North America IPO
Barrick Gold has appointed Sebastiaan Bock to lead its overseas mining operations as it prepares to spin off its North American assets throu
FTSE 100 slips as Spirax warns and Legal & General hit by downgrades
The FTSE 100 slipped 0.1% as engineering firm Spirax-Sarco tumbled 6% on a downbeat outlook and insurer Legal & General fell 4.4% after UBS
Tasnee's wider Q2 loss keeps Riyad Capital neutral with SAR 9 target
Tasnee's second-quarter loss came in worse than Riyad Capital expected, though revenue beat forecasts. The broker kept its Neutral rating an
China's car sales slide for 10th month as exports surge 88%
China's domestic car market shrank for a 10th straight month in July, with sales down 21.1% year-on-year. But exports surged 88.2%, as autom
India's July mutual fund flows: small and mid caps take the lead
India's equity mutual fund inflows cooled in July, falling 14.8% to 246.97 billion rupees, but the streak of net inflows extended to a 65th
Anthropic to power AI at Riot's Texas bitcoin mine in $16B deal
Anthropic, backed by Amazon, will take 191 megawatts at Riot Platforms' Rockdale, Texas campus through 2048. Riot says the deal could be wor
JPMorgan lifts S&P 500 2026 target to 8,000 on AI earnings
JPMorgan has lifted its S&P 500 target for the end of 2026 to 8,000, betting on continued AI-driven earnings growth. But strategists warn th
Malaysian palm oil hits four-month high on rival oils, export demand
Malaysian palm oil futures hit a four-month high, with the October contract settling at 4,724 ringgit a ton. Gains came as rival vegetable o
Shein's Hong Kong IPO targets $30-40B, far below peak
Shein is seeking a $30-40 billion valuation in its Hong Kong IPO, a steep drop from its $98.2 billion private-market peak. The fast-fashion