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Reckitt Brands to be Sold in Shake-up
Reckitt is considering selling its infant nutrition division and a portfolio that includes Air Wick, Cillit Bang and other home care brands as part of an overall restructuring of the largest consumer healthcare group in the world.…
Top tech investor says Nvidia’s market cap could reach $50tn in 10 years.
One of the world's most successful investors in technology said that chipmaker Nvidia may be worth more than $50tn over the next decade. This is greater than the current market value for the entire S&P 500.
James Anderson is best…
Nvidia shares slide wipes out more than $550bn of market value
Nvidia's market value has dropped by more than $500bn since it briefly became the most valuable company in the world last week. Shares fell nearly 7 per cent Monday.
Nvidia's value has dropped from $2.91tn to $2.91tn. This is a drop of…
Britvic must be tough: No Fruit Shoots for Carlsberg
Carlsberg has now corrected the omission from its £3bn+ bid for British (the UK soft drink firm that makes Robinsons barleywater, J2O and Tango, as well as R White's Lemonade).
In pursuit of their "beyond beers" strategy, the Danes did…
London Tunnels’ IPO plan is moved to Amsterdam, a blow to UK markets
London Tunnels has decided to list its company in Amsterdam instead of London, where it had planned to flotter in the capital.
The company wants to turn the Kingsway Exchange Tunnels, an 8,000 sq metre network under Holborn, central…
Investors say that Labour could borrow up to £100 billion more without causing a backlash on the UK…
Fund managers say that a new Labour government can raise additional money from the bond market for investments without creating a Liz Truss style gilts crisis.
If Labour wins the 4th of July election, the Shadow Chancellor Rachel Reeves…
London is now Europe’s biggest equity market, replacing Paris
Investors reacted negatively to the political turmoil in France since Emmanuel Macron announced snap elections.
Bloomberg data shows that the value of Euronext Paris stocks is about $3.13tn, after $258bn has been taken off the market cap…
Financial News Roundup: JP Morgan, Apple, and EU Regulation
This article provides a comprehensive overview of the latest financial and geopolitical developments, offering insights into the actions and impacts of major players like JP Morgan, Apple, and the EU. Stay informed with daily briefings on…
France’s conservative leader calls on pact with the far right
Ahead of the snap legislative elections scheduled for June 30, which have caused financial markets to tremble, the leader of France's centre right party has called on an alliance between his party and Rassemblement National of extreme…
Weekly Industry Highlights: Key Updates in Oil, Gas, and Mining Sectors
The weekly highlights in both the oil and gas industry and the mining sector feature significant updates from various companies, shedding light on ongoing activities and advancements within these industries.
September Rate Cut Dashed After Strong US Jobs Data Announced
The US markets faced a dip on Friday as robust jobs data was released, exceeding expectations and challenging prospects of a looming rate cut. The optimism surrounding a rate reduction was dented as the latest figures painted a picture of a…
GameStop’s shares rise after ‘Roaring Cat’ posts $116m wager in Reddit.
GameStop shares soared on Monday, after "Roaring Kitty", Keith Gill, who was at the center of the 2021 Stock Market Frenzy surrounding the struggling video game chain, posted a Reddit post that appeared to show $116m in bets on the chain.…
Stay Ahead of the Game with Our Insightful Stock Market Summary
Dive into the world of small-cap movers and shakers with our comprehensive weekly stock market summary. From Powerhouse Energy Group's patent triumph to the soaring success stories of biotech and mining companies, we bring you the most…
Investors say that a large bid could save London
A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which is oversold.
Nick Train, a well-known stock picker, once said: "Sometimes, you…
Jane Street, a high-speed trader, made $4.4bn by the start of 2024
Jane Street, a secretive fast-paced firm, has flourished alongside Wall Street market makers.
Documents reviewed show that the group anticipates its net trading revenue for the first quarter to be around $4.4bn. This is more than twice…
Bond and currency markets are shaken by a ‘Blowout” in US retail sales
The "blowout report" on retail sales for March sparked an immediate sell-off of US government bonds and sent global currency markets into a frenzy Monday. It was the latest indication that the largest economy in the world may be too hot to…
Stocks tumble and oil reaches $90 as Middle East tensions shake markets
As tensions in the Middle East escalated, oil prices rose to above $90 per barrel. US stocks also fell.
Brent crude and futures both rose by 1.5 percent on Thursday, reaching $90.65 per barrel. This is the highest price since October.…
London Market Outlook is bleak according to a banker who deals with British mid-caps
According to the boss of one of London's largest independent investment banks, the capital markets will be "dead", if current trends continue.
Peel Hunt's chief executive Steven Fine said that the London market for initial public…