By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Imperial Brands to cut thousands of jobs in Europe and US
Imperial Brands is preparing to cut thousands of jobs across Europe and the US, with notices at its US unit ITG Brands starting Aug. 19. The
Wendy's withdraws 2025 forecast as US sales stay weak
Wendy's has paused its full-year forecast after a stretch of weak US sales, and Morgan Stanley says the company isn't counting on a big seco
Shein's IPO valuation talk drops to under $30 billion
Shein is reportedly sounding out investors for an IPO at a valuation below $30 billion, a sharp drop from its 2022 peak of over $100 billion
Monday.com beats Q2 estimates but soft Q3 outlook hits shares
Monday.com topped Wall Street's Q2 estimates and lifted its full-year profit forecast, but its Q3 revenue guidance came in slightly below ex
Archer Aviation to Acquire Boeing's Wisk Aero; Bezos Eyes Liverpool Stake
Archer Aviation is acquiring Boeing's Wisk Aero, a move that could reshape the air taxi market. Meanwhile, reports say Jeff Bezos is close t
Ferguson lifts sales outlook after strong quarter, shares rise
Ferguson Enterprises topped expectations with $8.75 billion in quarterly sales and raised its 2026 growth outlook to the high end of its pri
IES Holdings to buy DBM Global for $650M, Innovate to cut debt
IES Holdings is buying construction firm DBM Global for $650 million in a cash-and-stock deal. Seller Innovate will receive about $453 milli
Intel's $15B share sale to fund foundry expansion may dilute stock
Intel is raising $15 billion by selling new shares to fund its foundry expansion, citing AI-driven CPU demand that's outpacing capacity. The
Glencore's Radiant World exposure could top $500 million
Glencore's exposure to iron ore dealer Radiant World could exceed $500 million, according to Reuters sources. The Swiss commodities giant ha
Oil edges higher as Iran rules out US talks, markets stay flat
US stock futures were little changed as traders weighed Middle East tensions. Iran ruled out direct talks with the US, and oil prices ticked
Diageo's Margin Plan Wins Over Berenberg Despite Sales Trim
Diageo told investors it can rebuild profit margins through restructuring and portfolio tweaks, not a one-off reset. Berenberg trimmed its f
Gland Pharma beats profit forecasts as US and Europe sales rebound
Gland Pharma reported a jump in quarterly profit, beating analyst forecasts, as US sales surged 32% and Europe revenue rose 20%. The company