By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Malaysia's Fund Managers Near $300 Billion Milestone, Fitch Says
Fitch Ratings forecasts Malaysia's fund management industry assets will top $300 billion by late 2026 or 2027, up from $283 billion. Retail
Gulf Stocks Dip as US-Iran Ceasefire Strains Overshadow Aramco's Ras Tanura Restart
Gulf stock markets slipped as the US-Iran ceasefire faced fresh accusations of violations from both sides. The uncertainty hit valuations ev
BAT to Reshape 9,000 Roles in AI Overhaul, Targets £600M in Annual Savings by 2028
British American Tobacco is overhauling 9,000 roles through an AI-driven restructuring, targeting £600 million in annual savings by 2028. US
Berenberg Says CTP's 30% Slump Overlooks Its Logistics Land Bank and Growth Prospects
Berenberg argues CTP's recent share slump unfairly lumps it with rate-sensitive European real estate, ignoring its large landbank and logist
Copper Rises as Iran-US Tensions Ease and Dollar Weakens
Copper prices rose Monday after Iran and the US agreed to halt tit-for-tat attacks and return to diplomacy. A weaker dollar also supported t
South Africa's Rand Edges Up to 16.42 as Traders Eye Month-End Data and Protests
The rand ticked up to 16.42 per dollar on Monday as traders processed month-end economic data. However, political risks remain front and cen
Allianz Germany Update Boosts Berenberg's Confidence in Faster Earnings Growth
Berenberg raised its medium-term earnings growth outlook for Allianz after the insurer's Inside Allianz Series in Munich. The investment ban
Takealot Turns First Full-Year Profit, Easing Naspers Cash Burden
Takealot Group swung to its first full-year adjusted operating profit of $11 million, from a $13 million loss last year. Revenue rose 19% to
Berenberg Upgrades Bellway to Buy on Strong Cash Returns Despite Housing Slump
Berenberg upgraded Bellway to buy, highlighting a 4% dividend and £150 million annual buyback. The bank argues generous cash returns could m
Persistent Systems Shares Dive 10% on €1 Billion Nagarro Bid, Analysts Flag Debt and Margin Risks
Persistent Systems shares sank as much as 10.6% after the Indian IT firm offered €1 billion for Germany's Nagarro at a 100% premium. Analyst
Fitch Affirms China Galaxy Securities at BBB+ on State Support; Shares Rise 2%
Fitch reaffirmed China Galaxy Securities' BBB+ rating on June 26, pointing to potential support from state-owned Central Huijin. The broker'
BT and Verizon Form $4B Joint Venture to Serve Multinational Corporate Clients
BT and Verizon are pooling their international enterprise network units into a 50:50 joint venture. The deal targets multinational clients,