By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
EQT Sweetens Perpetual Takeover Bid to A$2.5 Billion, Board Weighs Offer
Private equity firm EQT has returned with a sweetened A$2.5 billion takeover proposal for Australian financial services company Perpetual, o
RBC Says Lonza's Stock Discount Ignores Tight Biologics Capacity Through 2029
RBC Capital Markets says Lonza is undervalued compared to peers, as capacity for biologics and antibody-drug conjugates remains tight throug
Asia Chip Rally Lifts Emerging Markets as ASML Forecast Boosts AI Stocks
Emerging-market stocks climbed 2.1% Wednesday after ASML's upbeat revenue forecast ignited a chip rally in Asia. South Korea and Taiwan led
BayCurrent Profit Jumps 19%, Dividend Raised, Yet Stock Falls 7%
BayCurrent posted strong quarterly results with profit up 19% and sales up 30%, and raised its dividend. Yet shares slid nearly 7%, highligh
BHP Faces Eight-Hour Strike at Key Iron Ore Port Hedland on July 16
BHP workers at Port Hedland will walk out for eight hours on July 16 after negotiations for a new four-year deal collapsed. The stoppage thr
Nikkei Rises 1.49% as ASML Optimism Boosts Chip Stocks, But Rally Doubts Linger
Japan's Nikkei rose 1.49% on Wednesday after ASML's strong earnings and upgraded 2026 outlook boosted semiconductor stocks. However, strateg
Rand Holds Steady Near 16.39 as Traders Await US Producer Price Data
South Africa's rand held near 16.3850 per dollar as traders turned their attention from a softer US consumer inflation report to Wednesday's
B&M UK Sales Dip 2.3% as French Revenue Surges 14.6% in Q1
B&M's UK like-for-like sales slipped 2.3% in the first quarter, hurt by a slow start to the garden season. French revenue surged 14.6%, lift
Toho Pledges to Cut Over ¥50 Billion in Strategic Shareholdings by 2030
Toho, the Tokyo-based entertainment giant, plans to slash strategic shareholdings by over ¥50 billion by February 2030. The goal is to keep
Thames Water Says It Can Keep Going Until Late 2026, Warns of Nationalization Without Deal
Thames Water says it has enough cash to keep operating until late 2026, but warns that without a recapitalization deal it could still end up
Barratt Redrow Plans £386M Buyback Amid Flat House Prices and Rising Costs
Barratt Redrow is planning a £386 million share buyback through July 2027, signaling confidence despite challenging market conditions. The h
SBI Funds Management's $1.03 Billion IPO Fully Subscribed on Day Two
SBI Funds Management's $1.03 billion IPO was fully subscribed by its second day, thanks to anchor backing from BlackRock and sovereign wealt