The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has vanished, replaced on Thursday by a fresh wave of selling that has sent London’s benchmark index tumbling and cast a renewed sense of uncertainty over
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The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has vanished, replaced on Thursday by a fresh wave of selling that has sent London’s benchmark index tumbling and cast a renewed sense of uncertainty over
3.5KBarclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan, Goldman Sachs, and Morgan Stanley. BARC was trading at 380p, inside a range it has been in the past few days. This price is about 72% above the lowest level in April. US
Barclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan, Goldman Sachs, and Morgan Stanley. BARC was trading at 380p, inside a range it has been in the past few days. This price is about 72% above the lowest level in April. US
2.6KCoty Inc. has begun a strategic review of its mass-market beauty business, which houses drugstore staples including CoverGirl, Sally Hansen, Max Factor, and Rimmel, and will consider selling or spinning them off, The Wall Street Journal reported on Tuesday. The company is evaluating the long-term role of these brands within its portfolio, the publication reported.
Coty Inc. has begun a strategic review of its mass-market beauty business, which houses drugstore staples including CoverGirl, Sally Hansen, Max Factor, and Rimmel, and will consider selling or spinning them off, The Wall Street Journal reported on Tuesday. The company is evaluating the long-term role of these brands within its portfolio, the publication reported.
4.3KIt is a financial juggernaut operating on a scale that defies belief, a money-making and money-burning machine at the very frontier of human technology. But as OpenAI’s revenue continues its meteoric rise, the artificial intelligence titan is being forced to confront the immense and sometimes tragic real-world consequences of its own creation. The sheer scale
It is a financial juggernaut operating on a scale that defies belief, a money-making and money-burning machine at the very frontier of human technology. But as OpenAI’s revenue continues its meteoric rise, the artificial intelligence titan is being forced to confront the immense and sometimes tragic real-world consequences of its own creation. The sheer scale
1.6KThe surprising strength that characterized the start of September has given way to a palpable sense of fear, as a dark cloud of uncertainty rolls in from across the Atlantic. European stocks opened firmly in the red on Tuesday, with investors unnerved by the ominous twin threats of a potential US government shutdown and a
The surprising strength that characterized the start of September has given way to a palpable sense of fear, as a dark cloud of uncertainty rolls in from across the Atlantic. European stocks opened firmly in the red on Tuesday, with investors unnerved by the ominous twin threats of a potential US government shutdown and a
4.9KIndonesia’s new state farm company announced plans on Tuesday to invest 8 trillion rupiah ($479 million) by the end of next year. This investment will focus on building production capacity through the acquisition of modern farm equipment and the expansion of rice mills, according to the chief executive of the company. Agrinas Pangan Nusantara, a
Indonesia’s new state farm company announced plans on Tuesday to invest 8 trillion rupiah ($479 million) by the end of next year. This investment will focus on building production capacity through the acquisition of modern farm equipment and the expansion of rice mills, according to the chief executive of the company. Agrinas Pangan Nusantara, a
2.9KAfter a sluggish stretch in 2022 and 2023, mergers and acquisitions are roaring back to life in 2025. Rising CEO confidence, stabilising interest rates, and pent-up strategic demand are fueling a new wave of dealmaking across sectors – from industrials to tech to healthcare. Private equity companies are sitting on record dry powder, and corporates
After a sluggish stretch in 2022 and 2023, mergers and acquisitions are roaring back to life in 2025. Rising CEO confidence, stabilising interest rates, and pent-up strategic demand are fueling a new wave of dealmaking across sectors – from industrials to tech to healthcare. Private equity companies are sitting on record dry powder, and corporates
4.5KAsian markets delivered a mixed performance on Tuesday, with investors balancing optimism around Chinese policy support against growing concerns over a potential US government shutdown. Unless lawmakers reach a funding deal by midnight local time, the US faces a closure that could delay key economic data releases, including September employment figures, construction spending, and August
Asian markets delivered a mixed performance on Tuesday, with investors balancing optimism around Chinese policy support against growing concerns over a potential US government shutdown. Unless lawmakers reach a funding deal by midnight local time, the US faces a closure that could delay key economic data releases, including September employment figures, construction spending, and August
1.7KThe global base metals market is bracing for significant shifts following a series of announcements from China, the world’s largest consumer of these raw materials. New production caps on non-ferrous metals and an increased emphasis on recycling are set to redefine supply dynamics, potentially offering price support while also introducing long-term uncertainties. On Sunday, China’s
The global base metals market is bracing for significant shifts following a series of announcements from China, the world’s largest consumer of these raw materials. New production caps on non-ferrous metals and an increased emphasis on recycling are set to redefine supply dynamics, potentially offering price support while also introducing long-term uncertainties. On Sunday, China’s
1.7KBritish online fashion retailer ASOS warned on Tuesday that annual revenue would come in below market expectations, citing subdued consumer demand and a slow recovery in its fast-fashion business. The London-listed company said profit would still rise more than 60% from last year but land at the lower end of its previously guided range of
British online fashion retailer ASOS warned on Tuesday that annual revenue would come in below market expectations, citing subdued consumer demand and a slow recovery in its fast-fashion business. The London-listed company said profit would still rise more than 60% from last year but land at the lower end of its previously guided range of
