By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
China's Manus seeks $500M at $4B valuation after Meta deal blocked
China's AI startup Manus is reportedly in early talks to raise $500 million at a $4 billion valuation, after Beijing blocked Meta from buyin
Indian stocks rebound as banks lead, but Fed and oil cap gains
Indian stocks rebounded modestly as bargain hunters stepped in after a recent selloff, with bank shares leading the way. However, the Fed's
Dollar's seven-week high pressures Asian currencies, but AI hopes lift stocks
The dollar hit a seven-week high after a hawkish Fed rate hike, pressuring the ringgit, rupiah, and won. But South Korean and Taiwanese stoc
Volkswagen may phase out Seat as Cupra takes over new models
Volkswagen says it's evaluating Seat's future beyond its current product cycle, and sources say Cupra will likely take over new models as co
Korea's KOSPI edges up despite Fed's hawkish rate hike signal
South Korean stocks edged higher despite the Federal Reserve's hawkish rate hike signal, but the won weakened and foreign investors sold. Th
India's Market Set for Flat Open as Fed Hike and NSE IPO Loom
India's shares are set for a muted start after the US Federal Reserve raised rates, while the NSE's IPO and elevated oil prices keep traders
Iron ore rises as Chinese mills restock ahead of National Day holiday
Iron ore prices edged higher as Chinese steelmakers restocked ahead of the October 1-7 National Day holiday. Daily seaborne transactions jum
CSL promises reset after a disappointing year of losses and CEO search
CSL has acknowledged a disappointing year, citing built-up fixed costs and lagging competitors. The biopharma firm is refocusing on its core
OpenAI to publish AI misalignment incident reports after agent test scrutiny
OpenAI is rolling out a framework for tracking and disclosing unexpected AI behavior, publishing six examples from the past six months. The