By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Hermès sales rise 6.7% as Paris tourism rebounds and Middle East drag fades
Hermès second-quarter sales rose 6.7% to €4.1 billion, driven by a rebound in Paris tourism and easing Middle East headwinds. The results pr
St. James's Place net inflows drop 29% as cautious clients hoard cash
St. James's Place, a major UK wealth adviser, saw first-half net inflows drop 29% to £2.7 billion. Clients are holding more cash amid market
CaixaBank and Aena Lead Spanish Blue-Chip Earnings, Telefónica Raises Cash Flow Target
Spain's largest listed companies delivered a strong set of midyear earnings. CaixaBank and airport operator Aena led the way, while Telefóni
BASF lifts 2026 outlook as Hormuz disruptions tighten chemical supply
BASF raised its 2026 earnings outlook thanks to better pricing from shipping disruptions around the Strait of Hormuz. The improvement came e
SABIC narrows Q2 loss to SAR 830 million but cash burn deepens
SABIC narrowed its Q2 net loss to SAR 830 million, helped by higher selling prices and lower finance costs. But free cash flow fell to SAR 1
Europe heatwave costs mount as Mercedes-Benz cuts 2026 forecast
The economic toll of Europe's heatwave continues to rise, with wildfires adding to the strain. Meanwhile, Mercedes-Benz has lowered its full
Rio Tinto's copper and aluminum drive best half-year profit in four years
Rio Tinto posted its strongest half-year underlying earnings in four years, driven by copper and aluminum. The metals now make up 56% of pro
Japan's 10-year bond yield dips to 2.760% as traders eye Fed and BOJ signals
Japan's 10-year government bond yield slipped to 2.760% as traders followed moves in US Treasuries and volatile oil prices tied to Middle Ea
Nikkei wobbles as AI chip stocks keep traders on edge
Japan's Nikkei 225 flipped between gains and losses Wednesday as a selloff in AI chip-linked heavyweights collided with bargain hunting. The
South Korean stocks bounce after 10% slide as dip buyers eye chip earnings
South Korean stocks bounced on Wednesday after the KOSPI's 10.8% plunge, as dip buyers returned and foreign investors net bought 264.5 billi
Greatland gold output rises but costs climb faster, shares dip 1%
Greatland Resources' June quarter gold output rose to 79,100 ounces, but its all-in sustaining cost surged to AU$2,312 per ounce. The higher
Ford raises profit forecast again as truck demand offsets tariff and EV costs
Ford raised its full-year profit forecast for the second time, citing robust demand for its high-margin trucks. The automaker now expects EB