By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
EasyJet Soars 11% on Sweetened £5.5B Take-Private Bid; European Markets Flat
EasyJet shares surged 11% after Castlelake sweetened its take-private offer, valuing the airline at up to £5.5 billion. The broader STOXX 60
Bernstein Cuts Kering Forecasts, Sees Gucci Recovery Delayed Until Late 2026
Bernstein has cut its forecasts for Kering, saying Gucci's recovery is slower than expected. The bank now sees growth returning only by late
Unimicron Raises $1.4 Billion in Global Share Sale to Fund Raw Material Purchases
Unimicron Technology is offering 50 million global depositary shares at a 3%-5.8% discount to raise about $1.4 billion. The funds will be us
Shanghai Free Trade Zone Offshore Yuan Trading Hits $12 Billion Daily After Bank Expansion
Daily offshore yuan trading in Shanghai's free trade zone has topped $12 billion after regulators allowed six state-owned banks to trade CNH
ITV Sells Production Arm to Sky for £1.6B as UK M&A Activity Heats Up
ITV has agreed to sell its media and entertainment division to Comcast's Sky for £1.6 billion. The deal comes as EasyJet and Next also face
Thales Buys 35.5% Stake in Exail, Sets Stage for Full Takeover of Underwater Drone Maker
Thales has agreed to buy the Gorgé family's 35.51% stake in Exail for €134 a share, marking the first move toward a full acquisition of the
South African Rand Slips as Fed Rate Hike Bets Fade and Oil Eases
South Africa's rand slipped 0.2% in early trading as the dollar hovered near a two-week low and oil prices eased after OPEC+ agreed to lift
Cellnex Extends Vodafone Spain Deal; Aena Reopens Airport Ad Tender
Cellnex has renewed its network infrastructure deal with Vodafone Spain for another decade. Meanwhile, Aena is re-tendering its airport adve
Tokyo Artisan Intelligence Targets 2027 Mass Production for Edge AI Chips
Tokyo Artisan Intelligence is moving its edge AI processor toward production, with sample chips due in 2025 and mass production by 2027. The
New Zealand Stocks Hit Record High as OPEC+ Boosts Oil Supply
New Zealand's benchmark stock index hit a new high, rising 1.07% as OPEC+ agreed to increase oil supply from August. The move helped ease en
EasyJet Backs £6.90 Castlelake Proposal as FTSE 100 Dips on Oil and BoE Bond Debate
EasyJet has backed a £6.90-per-share proposal from Castlelake, while the FTSE 100 fell as markets weighed lower oil prices and a debate over
SK Hynix Targets $28 Billion Nasdaq ADR Listing to Fund AI Chip Expansion
SK Hynix, a leading AI memory-chip maker, plans to list ADRs on Nasdaq in a deal that could raise about $28 billion. The funds will support