FTSE 100 up 52 points at 10,383 UK inflation eases to 2.8% in April M&S, British Land, Experian, Severn Trent report results 2.51pm: Wall Street opens higher US stocks have opened on the front foot, as chipmakers and AI-linked stocks resumed their climb ahead of Nvidia’s...
FTSE 100 up 52 points at 10,383 UK inflation eases to 2.8% in April M&S, British Land, Experian, Severn Trent report results 2.51pm: Wall Street opens higher US stocks have opened on the front foot, as chipmakers and AI-linked stocks resumed their climb ahead of Nvidia’s...
South African trade authorities proposed wide-ranging increases in tariffs on steel imports in an attempt to provide safeguards as an “unprecedented emergency” batters the nation’s industry. A flood of low-priced products from markets such as China and India and ongoing problems of circumvention of import duties and customs fraud, together with geopolitical tensions, are causing “significant strai...
South African trade authorities proposed wide-ranging increases in tariffs on steel imports in an attempt to provide safeguards as an “unprecedented emergency” batters the nation’s industry. A flood of low-priced products from markets such as China and India and ongoing problems of circumvention of import duties and customs fraud, together with geopolitical tensions, are causing “significant strain to an already struggling domestic steel manufacturing industry,” the International Trade Administration Commission said in a report released Monday. That merited increasing customs duties to World Trade Organization-bound rates, it said. The panel proposed a 10% duty on almost 20 flat-rolled and bar products that currently aren’t subjected to tariffs “to address import surges, price undercutting and duty circumvention affecting the domestic steel industry.” It also suggested raising duties on more than 40 classes of tubes, pipes, fencing and bolts to 15% from 10%, and plans a 20% tariff on various classes of tools and knives. It wants to create rebate provisions for several classes of flat-rolled products “to ensure that downstream manufacturers have access to inputs not produced domestically,” and introduce import controls for more than 20 products, ranging from corrugated roof sheeting to tanks and reservoirs. ITAC also proposed the introduction of a surveillance system to curb the circumvention of import duties, customs fraud, misdeclaration and under-invoicing. Read More: South Africa Steel Needs Demand Not Belligerence, Regulator Says South Africa’s annual steel production collapsed to about 4.5 million tons last year from 9.7 million tons in 2006, with domestic producers struggling to compete with cheaper Chinese imports, while contending with surging power and logistics costs, as well as a stagnant economy. ArcelorMittal South Africa Ltd. last year shut a steel-making facility, citing competition from so-called mini-mills that use scrap metal as their feedstock rat...
Michael Vi/iStock Editorial via Getty Images Investment Thesis: A Business the Market Has Repeatedly Underestimated Rating: Bullish - but MongoDB ( MDB ) had to go through the wringer to earn it. In the period from mid-2022 to the end of 2023, the consumption-based Atlas service looked genuinely in trouble. Enterprise teams went into a major adjustment of cloud workloads, net revenue retention plu...
Michael Vi/iStock Editorial via Getty Images Investment Thesis: A Business the Market Has Repeatedly Underestimated Rating: Bullish - but MongoDB ( MDB ) had to go through the wringer to earn it. In the period from mid-2022 to the end of 2023, the consumption-based Atlas service looked genuinely in trouble. Enterprise teams went into a major adjustment of cloud workloads, net revenue retention plummeted from more than 120% toward the low 110s, gross margins slumped from 75% as the underlying infrastructure grew faster than Atlas revenue, and the stock dived from over $590 to below $170. Turns out the doubters were incorrect; my bull thesis is based on three reasons: 1) Profitability Inflection is real, Q4 FY2026 marks MDB's first-ever GAAP operating profit of $0.3M (along with $176.7M in free cash flow), the critical milestone the bullish case has been looking for; 2) Atlas is becoming AI infrastructure- up 29% year-over-year to 72% of total revenue as it runs vector search, cross-session agent memory, and real-time streaming, all natively on one platform; 3) Discounted Valuation-at 9.6x FY2027E revenue, MDB is still trading below its peers Snowflake (10.6x) and Datadog (15.5x) despite comparable or faster growth rates in Q4 FY2026, though the discount has narrowed from earlier entry levels. MongoDB 10-K & Author Analysis From Document Store to Unified AI Data Platform Atlas is a fully managed, multi-cloud database (AWS, Azure, GCP) that natively handles vector embeddings, full-text search, real-time streaming, and AI agent memory without needing any third-party glue code. The Enterprise Advanced product is its licensed self-managed offering that still provides a bit of a kick on revenues, albeit declining structurally as people lift their data workloads to the cloud. As of January 31, 2026, the company hosted more than 65,200 customers, the biggest annual net new customer acquisition in the history of the company, and the MongoDB for Startups program has members wh...
RistoArnaudov The annual inflation rate in the UK fell to 2.8% in April 2026, more than the expected easing to 3.0% and down from 3.3% in March 2026. The Consumer Price Index in the United Kingdom increased 0.70 percent in April of 2026 over the previous month, lower than estimates of 0.9%. This marked the lowest reading since March last year, mainly driven by slower inflation for housing and hous...
RistoArnaudov The annual inflation rate in the UK fell to 2.8% in April 2026, more than the expected easing to 3.0% and down from 3.3% in March 2026. The Consumer Price Index in the United Kingdom increased 0.70 percent in April of 2026 over the previous month, lower than estimates of 0.9%. This marked the lowest reading since March last year, mainly driven by slower inflation for housing and household services, following the introduction of an energy price cap by the UK’s energy regulator on April 1. Transport costs also increased at a softer pace. More on UK EUR/USD, GBP/USD And Dollar Index Overview - The U.S. Dollar Rallies Back After CPI, Is The Correction Over? GBP/USD Potential Bullish Reversal Above 20-Day Moving Average GBP/USD Potential Trade Setups: Two Opportunities On The Bullish Retest And Breakout Play Europe markets rebound ahead of key U.S.-EU trade talks EU eyes lower import duties in bid to avoid Trump tariffs
Some Southampton fans hoped the actual details of the spying incident involving Middlesbrough might help ensure there was some leniency in their punishment. The spy, Southampton analyst intern William Salt, is said to have parked at the golf club, then walked a couple of hundred yards down a road which leads to a raised area of ground. Sources told the BBC that the accused simply stood pointing hi...
Some Southampton fans hoped the actual details of the spying incident involving Middlesbrough might help ensure there was some leniency in their punishment. The spy, Southampton analyst intern William Salt, is said to have parked at the golf club, then walked a couple of hundred yards down a road which leads to a raised area of ground. Sources told the BBC that the accused simply stood pointing his mobile at the training session, while wearing in-ear headphones. Middlesbrough staff believe he may have been live-streaming the session via a video call. Southampton fan Cameron said he expected expulsion from the play-offs was a strong possibility, but felt the four point deduction for next season in addition was too much. "I am shocked, to be honest," he told BBC Radio Solent. "I mean, from everything that was going on, we knew the punishment was going to be harsh. "After seeing the picture come out of what it was actually like with just an iPhone AirPods, we thought, okay, might not be that bad, but to be expelled from the play-offs and a four-point deduction seems way too harsh." Fellow Saints fans Chris Jewell added: "I think it's a bit unfair. "I know we have done wrong but how they can stop it when they have sold all these tickets, people have booked coaches. I am absolutely gutted about this." Middlesbrough supporters speaking to the BBC outside the club's Riverside Stadium on Tuesday were understandably delighted. Supporter and podcaster Jimmy Lees said: "It would have been massively unfair to the ethics of game of football. "If Southampton were able to play in the final on Saturday, what example would that set for everyone else in football? Is it worth cheating to try and get that unfair advantage? "Thankfully the EFL stood firm, gave their punishment and kicked Southampton out of the final. Now it is Middlesbrough's opportunity to play Hull and hopefully get Premier League promotion." Fellow fan Chris Saunders added: "I am stunned. Stuff like this doesn't happ...