By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
SBI Funds IPO Draws $31 Billion in Bids, Reviving India's Sluggish Primary Market
SBI Funds Management's $1.03 billion IPO drew $31.1 billion in bids, with institutions oversubscribing their portion 140 times. The strong d
Pandora's Platinum-Plated Pivot Risks Brand Confusion, Bernstein Warns
Pandora is testing platinum-plated jewelry in the Netherlands, aiming to cut silver price risk. But Bernstein warns the move could confuse c
Prologis Boosts Profit Forecast on Record Warehouse Leasing and AI-Driven Data Center Demand
Prologis raised its full-year profit forecast after a record quarter of warehouse leasing and a surge in data center projects. The logistics
Tech Futures Slide 1% as US Strikes Iran Again, Oil Jumps to $86
Nasdaq futures dropped 1% as US strikes on Iran pushed oil prices higher. Strong jobless claims and manufacturing data add to rate-cut uncer
Anthropic Seeks Billions More in Bank Financing as IPO Looms
Anthropic, the maker of the Claude chatbot, is negotiating to boost its bank credit lines by billions of dollars. The move comes as the comp
Berenberg Raises Gjensidige Target to 270 Kroner, But Sees Limited Upside
Berenberg raised its target price for Gjensidige to 270 kroner after a strong Q2 profit beat, but maintains a Hold rating. The bank sees lim
GE Aerospace Lifts 2026 Profit Outlook on Strong Engine Service Demand
GE Aerospace boosted its 2026 profit outlook after a strong quarter, pointing to locked-in maintenance work and tight spare parts supply. Th
Dryden Gold Secures Permit to Drill Mud Lake, Expands Exploration at Gold Rock
Dryden Gold has secured a permit to drill its Mud Lake target, with a rig arriving in early August. Two drills are already testing the Gold
XPeng Targets 1,000 Humanoid Robots Per Month as It Pushes Beyond EVs
XPeng shares climbed after a report that the Chinese EV maker aims to produce over 1,000 IRON humanoid robots per month by year-end. The com
Gulf Stocks Slide as Strait of Hormuz Shipping Disruption Rattles Markets
UAE stocks dipped as US-Iran tensions disrupted shipping through the Strait of Hormuz. RBC Capital Markets noted a drop in seven-day average
Hedge Funds Bet Against Manufacturers in June on Strait of Hormuz Fears
Hedge funds piled into short positions against manufacturing stocks in June, as tensions near the Strait of Hormuz sparked supply-chain worr
Palm Oil Edges Up on Bargain Buying, But Rising Stockpiles Cap Gains
Palm oil futures in Malaysia closed at 4,606 ringgit per ton on Thursday, lifted by bargain buying. However, rising stockpiles in top produc