By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Italy's Post Office Eyes €13.5B Telecom Italia Bid to Build AI Infrastructure
Poste Italiane, Italy's state-backed postal service, is weighing a €13.5 billion offer for Telecom Italia. The move would expand its network
UAE's E& Group Sells Entire $5.95B Vodafone Stake; FTSE 100 Edges Higher
E& Group is exiting its entire Vodafone holding in a $5.95 billion sale. UK futures point to a slightly higher open for the FTSE 100. The bl
Airbus Strike in Spain, Vinci and Air Liquide Unveil Major Projects: Europe Digest
Airbus workers in Spain walked out through July, risking delivery delays. Meanwhile, Vinci and Air Liquide outlined major capital projects w
TCS Revenue Beat Lifts Indian Stocks as Oil Prices Hold Steady
India's stock market climbed as TCS beat revenue expectations and oil prices steadied. The Nifty 50 gained 1.01%, led by a 2.1% rise in IT s
Copper Rises to $13,528 as Dollar Weakens and Iran Tensions Cool
Copper hit $13,528 a ton on the London Metal Exchange as the dollar weakened and fears of a US-Iran conflict eased. Aluminum also rose, head
PepsiCo Q2 Flat as US Consumers Tighten Belts; China's CXMT Prepares $5B Shanghai IPO
PepsiCo's second-quarter earnings were in line with forecasts, but weak North American snack sales and margin pressures sent shares lower. S
Japan Pushes GPIF to Invest More at Home, Yen and Bonds React
Japan's government wants the GPIF, the world's largest pension fund with 293.4 trillion yen, to shift more money into domestic assets. The y
Rupee Steadies as Brent Crude Drops 2%, Offering Relief to India's Oil-Dependent Economy
India's rupee looked set to open slightly stronger after Brent crude fell about 2%, providing a breather for the oil-importing economy. The
Japan's Nikkei Surges as AI Chip Stocks Rally and Yen Strengthens on Pension Fund Shift
Japan's Nikkei climbed on a chip-led rally, with Micron's $250 billion US investment plan sparking gains. Comments about steering pension fu