By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Berenberg cuts Mercedes target to €52, cites weak China and rising costs
Berenberg lowered its Mercedes-Benz price target to €52 from €56, pointing to ongoing China pressure and rising one-off restructuring costs.
Berentzen shares jump 22% on Sazerac takeover talks
Berentzen shares jumped about 22% after confirming takeover talks with US spirits group Sazerac. The deal would mark another step in Sazerac
Rentomojo jumps 32% on debut as India's IPO market heats up
Rentomojo, India's first listed furniture-rental company, popped more than 32% on its debut after its $133 million IPO was subscribed nearly
Apollo in talks to expand SoftBank's OpenAI-linked loan to $9B
Apollo is in talks to enlarge a loan to SoftBank, potentially lifting a Vision Fund 2-backed facility to $9 billion from $5.4 billion. The m
Turkey shores up markets after fund redemptions freeze sparks selloff
Turkey moved to stabilize its markets after two fund managers froze redemptions, sparking a sharp selloff in the BIST-100 before a quick reb
Allegro raises 2026 targets as Poland growth accelerates
Allegro, Poland's largest e-commerce platform, raised its 2026 outlook after strong early third-quarter momentum. The company now expects fa
China's yuan fixing hits 3-1/2-year high as Fed hike lifts dollar
The PBOC set the yuan's daily midpoint at 6.7580 per dollar, its strongest since February 2023, despite a firm dollar after the Fed's quarte
Rubber prices split as weak yen lifts Osaka, oil drags Shanghai
Rubber prices moved in opposite directions on Thursday. Osaka's February contract rose as a weak yen made Japanese futures cheaper for overs
FTSE 100 flat as investors await BoE's rate decision and energy signals
The FTSE 100 stayed flat as markets waited for the Bank of England's rate decision. Rising energy prices have investors wondering if the cen
Next Raises Profit Forecast Again, Warns on UK Sales Growth
Next raised its profit guidance for the fourth time this year after first-half profit rose 10.5% to £569 million. But the retailer trimmed i
Rupee dips past 96 per dollar before RBI-linked dollar sales pull it back
The rupee briefly slipped past 96 per dollar on Thursday before rebounding to 95.90, after state-run banks likely sold dollars for the RBI.
Nickel Industries' Indonesia Ramp Hits a Water Snag
Nickel Industries is seeing stronger earnings as its Indonesia operations ramp up, but Jefferies warns that low river levels could throttle