By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Volkswagen Global Deliveries Slip 8.6% as China Sales Plunge 36.6%
Volkswagen reported an 8.6% decline in global deliveries for the second quarter, driven by a 36.6% slump in China. Gains in North America an
Pound Hits $1.345 as BoE's Pill Signals Possible Rate Hike on Energy Inflation
The pound hit $1.345 and a one-year high against the euro after BoE chief economist Huw Pill said UK interest rates might still need to rise
ION Platform Posts Revenue Growth and Higher Debt as Leverage Eases
ION Platform grew revenue and profits in Q2, but net debt rose to $11 billion. Leverage improved slightly to 6.53 times, offering a mixed pi
EasyJet Backs Apollo's £5.7B Bid, Triggering Takeover Battle with Castlelake
EasyJet's board has dropped support for Castlelake's £5.5 billion offer and is now backing Apollo's £5.7 billion proposal. The move sent sha
China Stocks Slip as EU Slaps Tariffs on Tires and US Targets Vehicle Tech
Chinese stocks ended lower as the EU hit Chinese-made car tires with new anti-dumping duties ranging from 4.3% to 45.3%. Meanwhile, a US Sen
Apollo's £5.7 Billion Cash Bid for EasyJet Triggers Bidding War, August Deadline Set
Apollo Global Management has made a £5.7 billion cash offer for EasyJet, topping a rival bid from Castlelake. The airline has dropped suppor
TCS Shares Rise on AI Revenue Surge and Banking Demand, But Recovery Remains Gradual
Tata Consultancy Services shares rose after better-than-expected quarterly revenue, driven by strong banking demand and AI projects now runn
ASX 200 Ends Four-Day Slump as Miners and Banks Rally on Wall Street Optimism
Australia's ASX 200 snapped a four-day losing streak, rising 0.5% as miners and banks led gains. Wall Street's overnight bounce boosted sent
South African Rand Edges Up as Dollar Weakens, Middle East Tensions Linger
The rand gained 0.3% to 16.2875 per dollar early Friday as the US dollar eased. Markets remain focused on Middle East headlines, which are s
EasyJet Agrees in Principle to £5.7 Billion Apollo Takeover at £7.15/Share
EasyJet has agreed in principle to a £5.7 billion takeover approach from Apollo Global Management at £7.15 per share. The deal is not yet fi
EMS Chemie Lifts Profit 4.7% Despite Currency Headwinds, Cost Cuts Pay Off
EMS Chemie lifted first-half operating profit 4.7% to 310 million Swiss francs, even as sales slipped on a stronger franc. The Swiss nylon m
GIC Names Two Deputy CIOs, Promotes Liang Jiajie to Lead Fixed Income Unit
GIC, Singapore's sovereign wealth fund, is restructuring its investment leadership with two new deputy group CIOs and a promotion for Liang