(RTTNews) - British lending major HSBC Holdings Plc (HSBC, HSBA.L, 0005.HK) reported Tuesday lower pre-tax profit in first quarter, while net profit increased from last year, amid higher revenues. Further, the firm raised banking net interest income or NII outlook for fiscal 2026
(RTTNews) - British lending major HSBC Holdings Plc (HSBC, HSBA.L, 0005.HK) reported Tuesday lower pre-tax profit in first quarter, while net profit increased from last year, amid higher revenues. Further, the firm raised banking net interest income or NII outlook for fiscal 2026
Ole_CNX/iStock via Getty Images Market Review The US equity market fell in the first quarter, as investors were buffeted by geopolitical risks, an uncertain outlook for interest rates, and evolving sentiment about artificial intelligence (AI). The quarter was a turbulent one for the US stock market, marked by a series of disruptive developments that stoked anxiety among investors. At the forefront...
Ole_CNX/iStock via Getty Images Market Review The US equity market fell in the first quarter, as investors were buffeted by geopolitical risks, an uncertain outlook for interest rates, and evolving sentiment about artificial intelligence (AI). The quarter was a turbulent one for the US stock market, marked by a series of disruptive developments that stoked anxiety among investors. At the forefront of these developments was the escalating hostilities in the Middle East, where the US and Israel launched a joint military campaign against Iran on the last day of February. News that Iran had imposed a near-total blockade of the Strait of Hormuz in response to airstrikes rattled investors, who feared that its effective closure would strongly impact the US economy given that one-fifth of the world's oil and natural gas and roughly one-third of the world's fertilizer that sustains global crops pass through the narrow waterway. With oil prices soaring and amid expectations that food prices would soon climb due to the rising cost of fertilizer, concerns were growing that Iran's actions would lead to a surge in inflation around the world. Worries about the inflationary impact of surging oil prices led to a sell-off in the US government bond market, with the resultant rise in yields cranking up the pressure on US stocks by undercutting their appeal. US stock and oil markets were volatile throughout March, as investors searched for any signs that a de-escalation of hostilities was on the horizon. The price of Brent crude oil, the global benchmark, ended the March at US$118.45 per barrel, a 63% increase since the war in Iran began on 28 February, and the largest monthly jump in percentage terms on record. The future path of interest rates grew more uncertain over the course of the period, as the economic fallout from the war in Iran emerged as a major factor in deliberations about monetary policy by the Federal Reserve. The Fed, as expected, held interest rates steady at its poli...
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2026.
(RTTNews) - Loomis AB (LOIMF, LOOMIS.ST), a Swedish cash handling company, on Monday announced an agreement to acquire Hermes Transportes Blindados S.A. through a public tender offer.
(RTTNews) - Loomis AB (LOIMF, LOOMIS.ST), a Swedish cash handling company, on Monday announced an agreement to acquire Hermes Transportes Blindados S.A. through a public tender offer.
CK Hutchison Holdings said on Tuesday it had agreed to exit its 49 per cent stake in UK mobile operator VodafoneThree, in a £4.3 billion (US$5.82 billion) deal that will see it fully divest from the country’s largest mobile network by subscribers. The deal will allow the Hong Kong-listed conglomerate to monetise its investment in a business with more than 28 million customers in the United Kingdom...
CK Hutchison Holdings said on Tuesday it had agreed to exit its 49 per cent stake in UK mobile operator VodafoneThree, in a £4.3 billion (US$5.82 billion) deal that will see it fully divest from the country’s largest mobile network by subscribers. The deal will allow the Hong Kong-listed conglomerate to monetise its investment in a business with more than 28 million customers in the United Kingdom, according to a company filing disclosed to the Hong Kong Exchange. The stake is held through its...
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