By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Nestle India Profit Surges 48% on Maggi, KitKat Demand; Inflation Warning Looms
Nestle India posted a 48% rise in first-quarter profit, driven by double-digit growth across all product groups. However, rising costs for c
Oil Price Surge on Middle East Tensions Hits Indian Stocks and Rupee
Indian stocks and the rupee fell as oil hit a five-week high on Middle East supply concerns. The Sensex dropped 0.87% and the rupee slipped
Hyundai Shares Jump 5% as EV Battery Service Lets Cars Sell Power Back to Grid
Hyundai Motor Group shares jumped nearly 5% after it launched AllDayEnergy, a vehicle-to-everything (V2X) service that lets EVs store off-pe
Akzo Nobel Beats Q2 Forecasts as Price Hikes Offset Rising Raw Material Costs
Akzo Nobel, the owner of Dulux, reported better-than-expected second-quarter profits after earlier price hikes helped offset a fresh surge i
Norsk Hydro Beats Q2 Profit Forecasts on Higher Aluminum Prices and Recycling Margins
Norsk Hydro topped profit forecasts for the second quarter, driven by higher aluminum prices and stronger recycling margins. The Norwegian p
Alkane Resources Posts AU$104M Cash Build, Proposes First Dividend Despite Output Cut
Alkane Resources posted a AU$104 million cash build in the June quarter and proposed its first-ever dividend of AU$0.02 per share. The move
Lonza Raises Profitability Target After Strong First Half, Core EBITDA Up 27.4%
Lonza raised its full-year profitability target after a strong first half, with core EBITDA up 27.4% to 1.17 billion Swiss francs. The Swiss
Big Tech's AI Revenue Gains Face Rising Capex Costs Through 2027
Big Tech's AI products are boosting revenue, but massive data-center spending could outpace free cash flow by 2027. Reuters analysis shows a
Samsung in Talks to Invest €1 Billion in French AI Startup Mistral
Samsung is reportedly in talks to invest roughly €1 billion in French AI startup Mistral. The funding round, which also involves Swedish fir
China AI Trade Lifts Mainland Stocks as Hong Kong Slips on Tencent Drop
The CSI 300 rose 0.7% and semiconductor stocks jumped 3.4% on Wednesday, driven by AI optimism. But Hong Kong's Hang Seng fell 0.8% as Tence
Malaysia Auto Group Raises 2026 Sales Forecast to 800,000 on SUV, EV Demand
Malaysia's auto industry body raised its 2026 sales forecast to 800,000 vehicles, driven by steady demand for SUVs and electrified models an
Nike Tightens Control Over China Online Sales as Local Rivals Gain Ground
Nike is overhauling its online sales strategy in China, pushing shoppers toward its own stores on major platforms and its app. The move come