Traders Bet Against UK as Short-Selling Surges
Short-selling on the pound surged 45% in a week as political turmoil hits UK assets, with bank shorting tripling amid leadership speculation.
Short-selling on the pound surged 45% in a week as political turmoil hits UK assets, with bank shorting tripling amid leadership speculation.
Labor's budget changes to capital gains tax affect shares too. We analyze how the reforms impact investors and young Australians seeking home ownership.
Rumours of a Wells Fargo takeover of Barclays circulate, while TG Jones faces restructuring and LIV Golf seeks new funding beyond Saudi Arabia.
Intertek, a FTSE 100 lab testing firm, agrees to a £10.6bn takeover by Swedish private equity firm EQT, owned by the Wallenberg family.
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RecommendedCisco reports Q3 earnings amid AI boom, with revenue expected at $15.56bn. Shares near record highs, but margins and guidance under scrutiny.
Uzbekistan's national wealth fund completed its dual listing in London and Tashkent, raising $604m at a £1.5bn valuation, marking the country's first IPO and London's first major listing of 2026.
London-based Trium Capital is raising $300 million for a new multi-strategy hedge fund, expanding its alternative investment offerings amid strong investor demand.
Babcock shares rose nearly 2% despite a 20% profit drop to £293m, hit by a £140m charge on Type 31 frigate contracts. Revenue grew 10% to £5.3bn.
TP ICAP reports record first-quarter revenue driven by increased trading volumes amid geopolitical tensions related to Iran conflict.
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RecommendedUK borrowing costs hit 28-year high amid political turmoil and oil spike. FTSE 100 eyes recovery as Trump heads to China for crucial summit on Iranian oil.
Kensington Mortgage Company, a Barclays subsidiary, mistakenly reported £5bn in software assets instead of millions, a 1000x error in its accounts.
Michael Burry, the 'Big Short' investor, warns the Nasdaq is overvalued and resembles a pre-crash scene, accusing Wall Street of inflating tech earnings.
Poker teaches investors to calibrate risk, not avoid it. Good players make disciplined choices under uncertainty, a skill that outperforms overconfidence and emotional bias.
Investors warn Angela Rayner's proposed economic response to Labour's local election defeat could worsen UK borrowing costs already at multi-decade highs due to the Iran war.
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RecommendedCastleKnight Capital achieved its highest monthly returns since inception, driven by strategic investments and market volatility. The hedge fund's performance signals strong recovery.
Goldman Sachs reports a 17% revenue jump in its City operations, driven by a surge in stock trading and strong performance in fixed income.
Elite stock pickers are outperforming quantitative hedge funds during market turmoil, leveraging human judgment and adaptability over rigid algorithms.
Flutter Entertainment's shares drop over 50% amid fears of a London exit. Analysts warn the stock prices in zero US growth, despite strong quarterly revenues.
M&G reports strong first-quarter inflows driven by asset management and a strategic partnership with Dai-ichi Life, boosting overall performance.
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RecommendedShell reported Q1 earnings of $6.9bn, beating expectations, driven by higher oil prices and lower costs. The firm launched a $3bn share buyback and noted impacts from Middle East conflict.
Israeli authorities charge Omer Ziv and an air force major with using classified information to bet on military strikes via Polymarket, raising insider trading concerns.
Despite the Iran war and market wobbles, the FTSE 100 remains resilient. A £10bn cash bid for Intertek at a 54% premium indicates investor expectations remain high.
South Korea's Kospi index surged past 7,000 points, driven by semiconductor stocks. Samsung Electronics reached a $1 trillion market cap, becoming the second Asian company to do so.
AMD shares jumped 15% after Q1 revenue of $10.3B beat estimates, driven by AI infrastructure demand. Data center revenue surged 57% to $5.8B, and Q2 guidance of $11.2B topped forecasts.
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RecommendedWall Street banks earned $11bn in dealmaking fees in 2024, far outpacing European rivals. The gap highlights a widening competitive divide in global investment banking.
Former TCI Partners executives have raised $550 million for a new hedge fund, signaling strong investor confidence despite market volatility.
GameStop shares fell over 10% after CEO Ryan Cohen avoided questions about financing its $55.5bn bid for eBay, leaving investors skeptical about the deal's viability.
European bank trading revenues grew 15% in Q1, but US banks surged 30%, widening the gap. Top European traders earned less than US counterparts.
Intertek shares jumped 7.4% after Swedish private equity firm EQT raised its takeover offer to £58 per share, valuing the company at £8.9bn. The new bid follows two previous rejections.
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RecommendedLondon markets brace for a dip after oil prices spike due to rising tensions in the Strait of Hormuz, with US strikes on Iranian boats and threats to shipping.