
Justin Emerson
Journalist
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 09:29 am

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 06:52 pm
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 03:27 pm

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 10:23 am
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 01:00 pm
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 05:15 pm

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 02:47 pm
PVH hammered as Middle East tensions cloud European outlook
The American parent company of Calvin Klein and Tommy Hilfiger plummeted about 22% on Wall Street following its quarterly earnings release. PVH Corp reported revenue of $2bn, up 2% on a reported basis, with adjusted EPS of $2.01, exceeding both internal guidance and analysts' expectations.
June 04, 2026 at 09:09 pm
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