Goodwin weighs sale of defence-linked engineering units
Goodwin is exploring a possible sale of parts of its Mechanical Engineering division, including defence operations, as part of a strategic review.
Business
ATIDI targets $2 billion capital to scale up Africa infrastructure guarantees
ATIDI plans to double its capital to $2 billion in two years, boosting infrastructure guarantee volumes across Africa.
Global equity funds see 11th week of inflows on earnings optimism
Global equity funds attracted $21.15 billion in net inflows for the 11th straight week, driven by strong earnings and cooling crude prices.
Trent shares slide as Q1 revenue growth fails to reassure investors
Trent's shares fell after Q1 results showed revenue growth below expectations, with like-for-like sales remaining in low single digits.
KOSPI logs 7th straight weekly fall as AI trade wobbles
KOSPI falls 0.6% Friday, capping a 5% weekly drop — the longest losing streak since Dec 2022 — as AI-chip worries and foreign selling persist.
European Blue-Chip Earnings Growth Hits Two-Year High
STOXX 600 Q2 earnings growth is projected at 22.4%, the fastest since 2022, led by energy and basic materials.
Kingspan lifts profit outlook as data centre demand surges
Kingspan raises full-year profit guidance by 18% to €1.13bn, citing strong data centre demand and record revenue prospects.
Asian shares mixed as oil rebounds, AI selloff eases
Asian shares were mixed on Friday as oil prices rebounded and the AI-driven selloff in tech stocks showed signs of easing.
Fuel Costs and Shortages Disrupt Palm Harvests in Southeast Asia
Rising diesel prices and shortages in Malaysia and Indonesia are forcing palm oil smallholders to reduce harvest rounds, threatening yields.
CEA urges proactive AI safeguards in financial sector, warns against exclusion
Chief Economic Adviser V. Anantha Nageswaran calls for proactive AI safety measures in finance, warning against exclusion and stressing human oversight.
FTSE 100 Set for Flat Open as Genel Rejects DNO Bid
UK shares seen flat; Genel rejects DNO's £202m offer, JD Sports names new chair, and Pharos gets a higher bid.
Ratio Petroleum sweetens Pharos Energy offer, outbids Serica
Ratio Petroleum raises takeover bid for Pharos Energy to £146.4 million, outbidding Serica Energy and regaining board recommendation.
CATL's Jianxiawo lithium mine still awaits green nod, state media says
CATL's Jianxiawo lithium mine in Jiangxi remains closed pending environmental approval, with no ore transport or crushing underway, state media reported.
Jefferies turns bullish on India as credit growth, capital inflows accelerate
Jefferies sees brighter India outlook on fastest bank credit growth in a decade, returning foreign inflows, and RBI measures supporting the rupee.
Volkswagen's controlling families push for urgent cost cuts
Volkswagen's controlling families urge immediate action on costs and capacity as profits decline.
Kingspan posts 10% profit rise, halts buybacks to fund growth
Kingspan H1 trading profit up 10% to €487.2m; dividend raised to 27.1c; €650m buyback paused for dry powder.
Lanxess Q2 profit beats estimates on Middle East disruptions
Lanxess beat Q2 profit forecasts, aided by Middle East conflict-driven demand, but warns of no sustained recovery in core markets.
Japan's 2-Year Bond Yield Hits 31-Year High on Rate-Hike Bets
Japan's 2-year JGB yield rose to a 31-year high as traders bet on an early BOJ rate hike after yen weakness.
Singapore banks lift STI to five-month high as Asian markets wobble
Singapore's benchmark index rose 1.1% on banking strength, even as most Asian markets slipped on crude price concerns and geopolitical risks.
DNO makes 69p-per-share takeover approach for Genel Energy
Norway's DNO has approached Genel Energy's board with a 69p-per-share takeover proposal, confirming a potential acquisition of the British oil firm.