By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Global AI trade cools, India's IT stocks jump 16.7% in July
India's software-heavy stocks rallied in July as global investors rotated out of crowded AI trades in North Asia. The Nifty IT index jumped
Seven & i brings SoftBank, PayPay and SMBC Card into loyalty push
Seven & i, the owner of 7-Eleven, is bringing SoftBank, PayPay and Sumitomo Mitsui Card in as shareholders to build a shared loyalty and pay
Amadeus beats profit forecasts but trims 2026 outlook as Middle East bookings slide
Amadeus beat second-quarter profit forecasts, but trimmed its 2026 revenue growth outlook after Middle East disruptions drove a 7.6% drop in
Toyota Tsusho lifts profit forecast on weak yen, strong quarter
Toyota Tsusho lifted its full-year profit forecast to 430 billion yen after a strong fiscal first quarter, with quarterly profit jumping 38%
Implats revenue more than doubles on higher PGM prices
Impala Platinum (Implats) said full-year revenue more than doubled to about 134 billion rand, helped by a rebound in platinum group metals p
ITV announces £100m buyback as ad revenue set to fall 5%
ITV announced a £100 million share buyback with its half-year results, even as it expects total advertising revenue to fall about 5% in Q3 2
Umicore lifts 2026 outlook after strong first half on recycling demand
Umicore's adjusted EBITDA jumped 33.5% to €577 million in the first half, prompting the Belgian recycler to lift its 2026 outlook. Strong re
Murata raises full-year outlook on data center demand and weak yen
Murata Manufacturing raised its full-year profit and revenue forecasts after a strong first quarter, driven by data center demand and a weak
Rand firms, JSE climbs as softer producer inflation eases rate worries
South Africa's rand firmed and the JSE Top-40 gained about 1.3% after producer inflation came in softer than expected. Investors now look to
Advanced Innergy cuts 2026 outlook as Middle East conflict and supply costs bite
Advanced Innergy Holdings cut its fiscal 2026 outlook, citing Middle East conflict and supply-chain costs. The company now expects £162 mill
New Zealand shares slip 0.46% despite strong consumer confidence
New Zealand's benchmark index slipped 0.46% on Friday, bucking a mostly higher Asian session. Meanwhile, ANZ's consumer confidence index cli
China tech stocks rally on policy pledges despite weak factory data
Mainland tech indexes rallied Friday after policymakers pledged breakthroughs in frontier technologies. The gains came despite a soft July f