Shell Launches $3bn Buyback After Earnings Surge
Shell 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.
Category : Stock Markets
Israeli Charged with Bribery for Betting on Iran Strikes
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.
FTSE 100 Resilient Amid Iran War, Intertek Bid Shows Market Strength
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.
Kospi Breaks 7,000 as Samsung Reaches Trillion Dollars
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 Stock Surges as AI Chip Demand Drives Quarterly Results
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.
Wall Street Banks' $11bn Fee Haul Dwarfs European Rivals
Wall Street banks earned $11bn in dealmaking fees in 2024, far outpacing European rivals. The gap highlights a widening competitive divide in global investment banking.
Ex-TCI Partners Hedge Fund Raises $550M
Former TCI Partners executives have raised $550 million for a new hedge fund, signaling strong investor confidence despite market volatility.
GameStock Shares Fall 10% on eBay Bid Financing Doubts
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 Traders Outpaced by US Rivals in Q1
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 Soar on EQT's Increased £8.9bn Bid
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.
FTSE 100 Set to Dip as Oil Spikes on Hormuz Tensions
London 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.
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.
Burnt Investors May Shun Future Bobby Jain Launches
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 Record Profit as AI Chip Demand Soars 49-Fold
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 Soars Past Expectations in Cook's Final Report
Apple reported $111.2bn revenue, beating Wall Street estimates, as outgoing CEO Tim Cook praised incoming leader John Ternus.
Natwest Profit Beats Expectations on Higher Rates
Natwest 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.
FTSE 100 Flat Amid US-Iran War Mixed Signals
Markets flat as US-Iran conflict messaging remains mixed. Oil prices stay above $111 amid ceasefire uncertainty and potential new strikes.
DMGT Sells Trepp to Fitch for $1bn
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.
The $13bn World Cup: Fifa's 2026 Revenue Breakdown
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's Stunning Q1 Results: Future for Long-Suffering Oil Major
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?
Tech Giants' Earnings Calm AI Bubble Fears
Google, Microsoft, Amazon, and Meta reported quarterly results, showing strong cloud growth and easing AI bubble concerns, though Meta's spending hike spooked investors.
Alphabet Surges, Meta Spending Unsettles Markets
Alphabet, Amazon, Microsoft, and Meta reported earnings. Alphabet soared on cloud growth, while Meta fell on higher spending plans. AI investments drive divergence.
FTSE 100 Live: Stocks Dip Ahead of BoE Rate Decision
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 Launches Rare Series Scotch for Private Clients
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 Clears Senate Hurdle to Replace Powell
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.
Schroders Backs Wayve and ElevenLabs with £100M Pension Fund
Schroders 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 Slide as Iran War Hits Inflows
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 Assets Drop in Q1
St. James's Place reported a decline in assets under management in the first quarter, hit by market volatility and client withdrawals.
Investors Pull £1.7bn from Smith's Fund
Terry Smith's flagship Fundmetrics fund sees another £1.7bn outflow as investors continue to lose confidence amid underperformance.
Airtel Eyes $10bn London Fintech IPO
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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