Kospi Nears 7,000 as Samsung Family Settles Tax Bill
South Korea's Kospi breached 6,900 for the first time, driven by semiconductor stocks and Samsung family's payment of a record 12 trillion KRW inheritance tax bill.
South Korea's Kospi breached 6,900 for the first time, driven by semiconductor stocks and Samsung family's payment of a record 12 trillion KRW inheritance tax bill.
After significant losses, investors are wary of backing high-profile hedge fund launches like Bobby Jain's, potentially reshaping the industry's fundraising landscape.
Samsung Electronics reports record quarterly profit driven by a 49-fold jump in chip income, warns of deepening supply shortage through 2027 due to AI boom.
Apple reported $111.2bn revenue, beating Wall Street estimates, as outgoing CEO Tim Cook praised incoming leader John Ternus.
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RecommendedNatwest reported a £2bn pre-tax profit for Q1 2026, beating expectations, as higher interest rates boosted income. The bank raised its full-year income target.
Markets flat as US-Iran conflict messaging remains mixed. Oil prices stay above $111 amid ceasefire uncertainty and potential new strikes.
Daily Mail and General Trust sells US property data business Trepp to Fitch Group for $1bn, reshaping portfolio after missing out on buying The Telegraph.
Fifa's 2026 World Cup in North America is set to generate $13bn, making it the most lucrative sporting event ever. Broadcast deals, ticket sales, and sponsorships drive record revenues.
BP doubles profit in Q1 under new CEO Meg O'Neill, but activist pressure and shareholder divisions remain. Can the oil giant sustain its turnaround?
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RecommendedGoogle, Microsoft, Amazon, and Meta reported quarterly results, showing strong cloud growth and easing AI bubble concerns, though Meta's spending hike spooked investors.
Alphabet, Amazon, Microsoft, and Meta reported earnings. Alphabet soared on cloud growth, while Meta fell on higher spending plans. AI investments drive divergence.
The Bank of England is set to announce its interest rate decision today. Markets expect a hold but inflation concerns and geopolitical risks loom.
Diageo unveils the Rare Series, a collection of five single malts including a 55-year-old Glenury Royal, targeting luxury whisky collectors with limited releases and exclusive experiences.
Kevin Warsh, Trump's pick to lead the Federal Reserve, advances to a full Senate vote amid concerns over the Fed's independence and Powell's future.
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RecommendedSchroders Capital invests over £100m in UK tech and life sciences scale-ups, including Wayve and ElevenLabs, via the UK Innovation LTAF, a first-of-its-kind venture capital vehicle for pension funds.
St James's Place shares fell 5.2% as Iran war volatility reduced net inflows to £1.5bn and funds under management to £216.9bn, though retention rates held at 95.3%.
St. James's Place reported a decline in assets under management in the first quarter, hit by market volatility and client withdrawals.
Terry Smith's flagship Fundmetrics fund sees another £1.7bn outflow as investors continue to lose confidence amid underperformance.
British telecom giant Airtel is considering listing its mobile money business in London, potentially one of Europe's largest IPOs, raising up to $2bn with a $10bn valuation.
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RecommendedOpenAI fell short of revenue and user growth targets as it prepares for a potential IPO, raising investor concerns about expansion pace and spending.
European stock trading venues are increasingly competing as market fragmentation reshapes the landscape, leading to new challenges and opportunities for investors and regulators.
Unilever faces backlash over $45bn McCormick deal, investors criticize rushed process and high debt, plan to sell stakes in new entity.
Bobby Jain's hedge fund will exclusively manage capital for Millennium Management, marking a strategic shift from multi-manager to single-client model.
Power Probe, a US firm listed on AIM, declares interim dividend after strong 2025 revenue growth, rewarding shareholders early as part of its London IPO strategy.
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RecommendedBank of London's parent Oplyse Holdings reports £46.9m loss for 2024, cumulative deficit hits £167.7m, staff cuts 30%, but equity improves after £65.2m investment.
Goldman Sachs raises its Brent crude forecast to $90 per barrel for Q4 2026, citing prolonged Gulf disruption and Middle Eastern conflict, with prices surging 78.5% year-to-date.
A sharp decline in software valuations, dubbed 'SaaS-pocalypse,' is jeopardizing private asset returns, as investors reassess growth expectations in the tech sector.
Vanguard's UK platform assets surged to £42 billion, fueled by a wave of younger investors seeking low-cost index funds and long-term wealth building.
Sarah Breeden, BoE deputy governor, warns that record-high global stock markets do not reflect risks, predicting an adjustment due to private credit and AI stock valuations.
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RecommendedBarclays hires a Jefferies sponsors banker amid a series of senior moves in London finance, including an EY partner taking a digital assets role.