The S&P Global Australia Services PMI Business Activity Index was updated to 50.7 in April 2026, up from a preliminary estimate of 50.3 and a final 46.3 in March. This improvement shows a rebound in services activity, backed by job creation and better business conditions. Additionally, the S&P Global Australia Composite PMI increased to 50.4 in April, above the initial estimate of 50.1, indicating...
The S&P Global Australia Services PMI Business Activity Index was updated to 50.7 in April 2026, up from a preliminary estimate of 50.3 and a final 46.3 in March. This improvement shows a rebound in services activity, backed by job creation and better business conditions. Additionally, the S&P Global Australia Composite PMI increased to 50.4 in April, above the initial estimate of 50.1, indicating a slight return to growth after a decline in the previous month. Separately, household spending in Australia rose 1.6% mom in March 2026, picking up from 0.3% in the prior month, marking the third straight monthly increase and the strongest growth since September 2023. The S&P/ASX 200 Index dipped 62 points, or 0.7%, to 8,635 in early deals on Tuesday, extending losses from the prior session . The Australian dollar held its recent decline to below $0.72 on Tuesday. More on Australia: EWA: Australian Financials May Struggle With A Flattening Yield Curve RBA delivers back-to-back hikes to 4.35% as expected, amid Middle East tensions Australia, Japan deepen energy and minerals ties amid global supply risks Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF Dividend scorecard for iShares MSCI Australia ETF
A wild true-crime tale. Plus Jamie Oliver’s ultimate barbecue and a gruelling trek with Bear Grylls and Matthew McConaughey. Here’s what to watch this evening 9.45pm, BBC Two This heart-racing, three-part documentary tells the wild story of a casino bomb and the man behind it. In 1980, a ticking timebomb using 1,000lb of dynamite was wheeled through Harvey’s Wagon Wheel Casino in Lake Tahoe, with ...
A wild true-crime tale. Plus Jamie Oliver’s ultimate barbecue and a gruelling trek with Bear Grylls and Matthew McConaughey. Here’s what to watch this evening 9.45pm, BBC Two This heart-racing, three-part documentary tells the wild story of a casino bomb and the man behind it. In 1980, a ticking timebomb using 1,000lb of dynamite was wheeled through Harvey’s Wagon Wheel Casino in Lake Tahoe, with a note demanding $3m (£2.2m) attached to it. It was so sophisticated that, as one bomb squad member who was there remembers in the first episode, “all the usual techniques were thrown out of the window”. Hollie Richardson Continue reading...
ismagilov/iStock via Getty Images The following segment was excerpted from the The London Company Small-Mid Cap Portfolio Q1 2026 Commentary. The London Company Small-Mid Cap portfolio declined 3.4% (-3.6% net) during the quarter vs. a 2.0% increase in the Russell 2500 Index. Both sector exposure and stock selection were headwinds to relative performance. The SMID portfolio trailed its benchmark i...
ismagilov/iStock via Getty Images The following segment was excerpted from the The London Company Small-Mid Cap Portfolio Q1 2026 Commentary. The London Company Small-Mid Cap portfolio declined 3.4% (-3.6% net) during the quarter vs. a 2.0% increase in the Russell 2500 Index. Both sector exposure and stock selection were headwinds to relative performance. The SMID portfolio trailed its benchmark in Q1 and came up short of our 85-90% upside capture expectations. Early signs of broadening gave way to a narrower, macro-driven market where our structural underweight to Energy and commodity-linked industries was a significant detractor—similar to early 2022 when Russia invaded Ukraine. Lower-quality, more speculative areas also proved surprisingly defensive. While frustrating, we've navigated analogous periods before. These rotations have historically been short-lived and we don't believe recent price action reflects a fundamental change in the long-term case for our holdings. Should geopolitical and supply-shock volatility persist, we expect investors to refocus on quality. The durable competitive advantages and financial flexibility of our businesses position the SMID portfolio well across a range of environments. Top 3 Contributors to Relative Performance Entegris, Inc. ( ENTG ) – ENTG was a top contributor, benefiting from improving fab utilization and accelerating AI-driven semiconductor demand. The company continues to gain share as advanced node transitions increase materials intensity per wafer. Looking ahead, fundamentals are improving with higher wafer starts, near-full utilization, and multiple growth drivers across advanced logic and memory. With its investment cycle largely complete and free cash flow expected to improve, we remain attracted to its strong competitive positioning and high barriers to entry. Murphy USA, Inc. ( MUSA ) – MUSA outperformed in Q1 alongside the spike in fuel prices. Higher prices support top-line growth and cash flow. The company s...
Hong Kong conglomerate CK Hutchison ( CKHUY ) has agreed to sell its stake in the UK’s largest telecommunications operator VodafoneThree in a buyout deal worth £4.3B ($5.8B). VodafoneThree is currently owned 51% by Vodafone ( VOD ) and 49% by CK Hutchison. CK Hutchison said the deal would allow it to monetize its investment at an attractive valuation and generate substantial cash proceeds for t...
Hong Kong conglomerate CK Hutchison ( CKHUY ) has agreed to sell its stake in the UK’s largest telecommunications operator VodafoneThree in a buyout deal worth £4.3B ($5.8B). VodafoneThree is currently owned 51% by Vodafone ( VOD ) and 49% by CK Hutchison. CK Hutchison said the deal would allow it to monetize its investment at an attractive valuation and generate substantial cash proceeds for the group. The transaction , subject to regulatory approvals, will see CK Hutchison receive cash proceeds from the cancellation of its VodafoneThree shares. VodafoneThree is a UK mobile telecom company created through the merger of Vodafone’s ( VOD ) operations with those of CK Hutchison, making it one of the country’s largest mobile operators by subscriber base. More on CK Hutchison Holdings Limited, Vodafone Group Vodafone: Rotation 2 Months Ago, 'HOLD' In 2026 CK Hutchison: A 'Buy' On Earnings Turnaround, Portfolio Rationalization (Upgrade) CK Hutchison Holdings Limited (CKHUY) Q4 2025 Earnings Call Transcript UK telecom firms warn of mobile signal rationing amid energy crisis - report Vodafone to roll out cybersecurity, agentic AI for SMBs via $1B Google Cloud deal
In this article 1NBA-FF ISP-IT RACE GBRF-FF GBRF-FF BAMI-IT 1CO-DE 1CO-DE HSBC BUD Follow your favorite stocks CREATE FREE ACCOUNT A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open mostly lower on Tuesda...
In this article 1NBA-FF ISP-IT RACE GBRF-FF GBRF-FF BAMI-IT 1CO-DE 1CO-DE HSBC BUD Follow your favorite stocks CREATE FREE ACCOUNT A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments in the Iran war. The U.K.'s FTSE index is seen opening flat, Germany's DAX and France's CAC 40 down 0.4%, respectively, and Italy's FTSE MIB 0.1% lower, according to data from IG. Global markets were shaken Monday as a fragile ceasefire between the U.S. and Iran appeared to be close to collapse as the United Arab Emirates came under attack from Iranian drones and missiles, and the U.S. said it sank Iranian boats in the Strait of Hormuz. Read more Iran attacks UAE; U.S. says it sank boats in Strait of Hormuz Oil slides as traders assess Middle East developments with Iran attacks keeping markets jittery President Donald Trump , in a Fox News interview later Monday, warned Iran that it will be "blown off the face of the earth" if it targets U.S. ships that are protecting commercial vessels transiting the strait. Trump also said in a Truth Social post that a South Korean cargo ship had come under fire from Iran in the waterway. "Perhaps it's time for South Korea to come and join the mission!" Trump wrote in the post . Stock market indices closed sharply lower and oil prices rose Monday amid fears that the war could continue for much longer than expected, potentially causing a global recession. Oil prices declined overnight . Earnings continue Tuesday with Anheuser-Busch InBev , Intesa Sanpaolo , Ferrari , Novonesis, Geberit , Banco BPM , Covestro and Fresenius Medical Care all due to report. Earlier Tuesday, Europe's largest lender HSBC reported first-quarter pretax profit of $9.4 billion, marginally missing analysts' estimates . — ...
Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Use our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked t...
Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Use our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy. The widely expected decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost-of-living pressures alongside weaker growth. Continue reading...