By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
CPI report and Fed speakers set to test September rate-cut odds
Traders are betting on a 56% chance the Fed holds rates at 3.5%-3.75% in September, up from 33% last week. Wednesday's CPI report and a busy
FTSE 100 edges lower as investors await UK GDP data
The FTSE 100 slipped 0.2% as investors digested company updates and awaited Thursday's UK GDP data. The mid-cap FTSE 250 was little changed,
Ashington Innovation suspends shares as it lines up World Metal Group deal
Ashington Innovation, a London-listed SPAC, has signed exclusive non-binding terms to buy a Cayman holding company that owns World Metal Gro
RBC raises Allianz price target to €450 after strong Q2 and deals
RBC Capital Markets has raised its price target on Allianz to €450 and boosted earnings forecasts after the insurer's second-quarter results