Justin Emerson

Comcast Splits the Bundle

Comcast is doing the thing big media companies do when the old bundle gets too heavy to carry: it is breaking itself apart. The cable giant said it plans to separate into two publicly traded companies, spinning off NBCUniversal and Sky into a standalone media business while keeping Comcast focused on broadband, wireless, and cable. Investors, at least for now, love the idea.

June 29, 2026 at 08:45 am EDT

A Quantum Leap: The Technology Trying to Reinvent the Computer

For decades, computers have kept getting more powerful. Yet some problems remain out of reach, even for the most advanced supercomputers. This is where quantum computing comes in: a technology that is still experimental, but could transform computing as we know it.

June 26, 2026 at 03:34 am EDT

What Exactly Is a Profit Warning?

When a listed company realizes its financial results will fall significantly short of previous guidance, it cannot simply look the other way and wait for the official earnings release. It must notify the market, and quickly. This is known as a profit warning.

June 25, 2026 at 10:46 am EDT

The ABCs of Financial Analysis: Calculating Real Profit

The orthodoxy of financial theory, and sound logic, dictates that the value of an asset stems primarily from the free cash flow it will generate for its owner over its useful life.

June 25, 2026 at 04:15 am EDT

Brexit: Ten Years Later, the Bill Comes Due

Ten years after the 2016 referendum, the United Kingdom is marking its Brexit anniversary. The cake is on the table, the old red bus sits in the corner, and no one seems particularly eager to cut the first slice. Six Prime Ministers have already melted away on the icing. Andy Burnham is now warming up to become the seventh.

June 23, 2026 at 10:04 am EDT

Macron brings on the works to keep Trump at the table

Following the G7 summit in Evian, Emmanuel Macron reserved a quintessentially French final stop for Donald Trump: a dinner at the Palace of Versailles. The American president was welcomed Wednesday evening by Emmanuel and Brigitte Macron amidst a backdrop steeped in history, chandeliers, and symbolism.

June 18, 2026 at 10:18 am EDT

AO's Second Act

AO World, the British online electricals retailer, has given investors a cleaner profit story and cash coming back. In the year to March 2026, the company's statutory pre-tax profit more than doubled to £50.5m, from £20.6m. It also plans to return £20m to shareholders, split between a £10m special dividend and a £10m share buyback. For a business once better known for ambition than dependable profits, that marks a notable shift. Even so, this wasn't enough to convince the market: the shares were down about 3% after the announcement.

June 17, 2026 at 04:29 am EDT

Currencies: Support for the Dollar Is Fraying

The markets have probably just navigated a pivotal week. After several weeks that were dominated by anxieties over the Strait of Hormuz, surging energy prices, and the return of inflation, investors have now glimpsed a way out. However, the situation is still fragile: even so, the economy remains robust, inflation is accelerating and central banks are preparing to adopt a significantly less accommodative tone.

June 15, 2026 at 03:37 am EDT

Could This Finally Be the One?

Investors are once again weighing the prospects of a long-awaited peace agreement between the United States and Iran. While the latest reports suggest genuine progress, the market has seen this script play out before. Regardless of the outcome, European markets closed the session with solid gains.

June 12, 2026 at 01:52 pm EDT

Berenberg remains cautious on Bayer amid ongoing US litigation

Bayer shares saw a modest uptick in Frankfurt trading, rising 0.47% to EUR35.96. Berenberg has revisited the company's US legal challenges, maintaining its hold rating while marginally raising its target price from EUR40 to EUR40.50.

June 12, 2026 at 10:27 am EDT

After Euphoria, a Traffic Jam on the Multi-Billion Dollar Kilo-Highway

While obesity treatments have existed for decades with varying degrees of success, such as the amphetamines of the 1940s and 1950s, the first true revolution arrived in 2021 with Novo Nordisk's Wegovy, followed two years later by Eli Lilly's Zepbound. Today, these two laboratories form a near-duopoly, capturing almost 90% of a market estimated between $35bn and $45bn this year, or between $87bn and $101bn when including diabetes treatments.

June 12, 2026 at 05:23 am EDT

Speculative Fever Grips the Nigerian Stock Market

The Nigerian stock market is on track for its best year since 2007, with its main index up nearly 60%. However, behind this spectacular performance, the rally is being driven by a surge in small-cap stocks that are often decoupled from economic reality.

June 12, 2026 at 03:49 am EDT

OHB: The Discreet European Space Champion Riding the Defense Wave

A German satellite specialist, OHB has become a key player in European space sovereignty. Yet, despite a record order book and a surging stock price, its profitability remains fragile, while its valuation is particularly demanding.

June 11, 2026 at 08:00 am EDT

Market Odds and Ends: Wall Street vs. the Rest of the World

Fifteen years of American outperformance is a long enough streak to turn a bet into a certainty. Buying American has paid off so handsomely that the rest of the developed world has nearly disappeared from the radar. However, in the meantime, vulnerabilities were quietly forming elsewhere: in Bitcoin flows and in a Korean market that is saturated with margin debt.

June 11, 2026 at 07:12 am EDT

Pennon's leaky recovery

For Pennon, the owner of South West Water, the good news is that the numbers have finally stopped bleeding. The harder question is whether the company can stop the leaks in public confidence.

June 10, 2026 at 04:58 am EDT

GSK's Cancer Bet

For GSK, buying Nuvalent is a $10.6bn wager that precision oncology can supply what big pharma prizes most: growth before the patent cliff bites, credibility in a field it once retreated from, and a pipeline that looks unusually close to market.

June 09, 2026 at 04:17 am EDT

Explainer: What are the world's largest stock exchanges?

Understanding the major stock exchanges provides a better grasp of where securities are traded, in which currency, with which liquidity level, as well as during which trading hours. It is also a way to interpret global economic balances, such as the Nasdaq for technology or Hong Kong for access to China.

June 09, 2026 at 03:57 am EDT

UBS upgrades Porsche AG to Buy

Porsche AG is outperforming in Frankfurt, up 3% to about EUR48.3 euros, bolstered by a rating upgrade and a target price hike from UBS.

June 08, 2026 at 06:18 am EDT

Currencies: The Dollar Regains Momentum

The market is entering a more delicate phase. Since its late-March lows, the S&P 500 has rallied nearly 20%, driven by a rare combination of exceptional earnings growth, artificial intelligence enthusiasm, and expectations of geopolitical de-escalation. However, several signals now suggest that the risk/reward ratio is becoming less favorable in the near term.

June 08, 2026 at 04:46 am EDT

Gold retreats as markets brace for a more hawkish Fed

Gold prices continued to fall on Friday, heading for a weekly drop of approximately 4% as the market is once again dominated by rising yields and the unexpected resilience of the US economy.

June 05, 2026 at 12:15 pm EDT

Private credit funds: why some investors can't withdraw their money at will

Private credit funds promise attractive yields in exchange for taking on higher risk than that of public markets. However, when the environment becomes less favorable, they can face a surge in redemption requests that is difficult to manage without triggering a capping clause. This situation generally creates market tension. Here's why.

June 05, 2026 at 09:47 am EDT