Category Archives: Stock markets

Billionaire Mukesh Ambani launches India’s biggest-ever IPO

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Low-cost broadband provider Jio Platforms aims for £81bn valuation when it floats on the stock market on Wednesday

India’s second-richest man, Mukesh Ambani, is launching what could be the country’s biggest-ever initial public offering (IPO), despite a stock market downturn.

Mumbai-based Jio Platforms, a telecoms company backed by Meta Platforms and Google, is hoping to raise up to 302bn rupees (£2.4bn) and is targeting a 10.3tn rupeesvaluation when it floats on the stock market from Wednesday.

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Tech market sell-off deepens amid fears over US inflation and AI debt

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Chip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook markets

An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.

South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points.

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Indian billionaire’s payments firm plots biggest London flotation in years

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Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market

Nils Pratley: Does this mark the end of London’s listing drought? Not yet

A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.

Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures.

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Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

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Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two-thirds

The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) after his refinery in Nigeria listed publicly in the continent’s biggest-ever initial public offering.

If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals on the Nigerian exchange goes to plan, then Aliko Dangote will add a further $23bn (£17bn) to his $35bn net worth.

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China prepares £40bn stimulus for financial sector amid fears over sluggish growth

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Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves

China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth.

A host of financial institutions said they were due to receive billions of yuan in capital from state institutions including the ministry of finance and even the company that runs the country’s tobacco monopoly.

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US stock market hits record highs as AI profits pile and oil prices ease

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S&P 500 shot up 1.8% and the main measure of Wall Street’s health topped its prior all-time high set a few months ago

The US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.

The S&P 500 shot up 1.8%, and the main measure of Wall Street’s health topped its prior all-time high set a couple months ago. The Dow Jones industrial average added 907 points, or 1.7%, to its own record set the day before, while the Nasdaq composite jumped 2.6%.

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Shares in Asian chip firms plunge further as AI sell-off continues

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Drop comes after South Korean company SK Hynix’s results undershoot investors’ expectations

Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row.

Seoul’s Kospi index, which is dominated by semiconductor manufacturers, slid by as much as 12.6% at one point on Wednesday, following on from a near 11% slump the previous day, reaching its lowest level since early April.

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DCC, one of FTSE 100’s biggest energy firms, agrees £5.75bn takeover

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KKR and Energy Capital Partners poised to buy firm despite misgivings from founder and biggest shareholders

One of the biggest energy businesses listed on the London Stock Exchange has agreed a controversial £5.7bn takeover by private equity, adding to the growing exodus of companies from the UK market.

The US private equity groups KKR and Energy Capital Partners are poised to buy DCC Energy after the company’s board recommended the offer despite misgivings from its founder and biggest shareholders.

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‘Brazen corruption’: critics denounce Trump Media plan to sell priority access to Truth Social posts

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Move would allow Wall Street trading firms and other institutions to potentially profit from seeing president’s posts first

Donald Trump’s media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own, affecting national security and financial markets.

The move announced on Thursday would allow Wall Street trading firms and other institutions to get news first from top Truth Social contributors so they could profit off subsequent moves in stocks, bonds and interest rates.

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South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing

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SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres

South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales.

The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day.

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Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

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US president rings bell from White House and showcases initiative that gives children a $1,000 investment account

Donald Trump rang the bell of the New York Stock Exchange (NYSE) from the White House to mark the first trading day for Trump accounts, a government initiative that provides children with a $1,000 investment account.

The US president hosted leaders from the NYSE and the Nasdaq stock exchange at the Oval Office for a press conference on Monday morning. It is the first joint opening of the exchanges, and the first time the bell had been rung at the White House.

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Shares in chipmakers underpinning AI boom rocket in first half of 2026

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Value of some chip manufacturers have tripled, or more, driving Asia Pacific stock markets sharply higher

Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis.

Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year.

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Chaotic talks on a US-Iran deal continue on the Trump rollercoaster

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Amid rhetoric, market uncertainty and tit-for-tat exchanges, the two sides are still trying to find a way out of the impasse

Great news! Donald Trump has said the US and Iran are on the verge of a peace agreement. Oil prices are down, and the stock market is up. This comes only hours after Trump warned Iran was about to be struck “VERY HARD”, a threat that had sent oil prices up and stocks down.

It has been another ride on the Trump rollercoaster, keeping traders on edge, most of the world poorer, and people of the Middle East constantly whiplashing between fear and hope. But whether the ride veers up or down, the management always makes money.

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Oil prices fall below $100 a barrel on hopes of Iran peace deal

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Brent crude futures down 6% to lowest level in two weeks and stock markets rise

Oil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.

Brent crude futures, the global oil benchmark, were down 6% to $97.43 a barrel, the lowest level in two weeks, with hopes that an agreement to end the near three-month US-Israeli war on Iran can be struck.

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Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – business live

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Iran’s Islamic Revolutionary Guard Corps navy has announced the strait of Hormuz could reopen following the end of ‘threats from aggressors’

Job vacancies in the UK bounced back in March but remained near a five-year low, and openings for graduates slumped more than a third.

UK job vacancies showed signs of recovery in March, rising 3.74% month-on-month to 752,711 – the second monthly increase after an extended period of decline, according to the job matching platform Adzuna. Yet despite this tentative rebound, the overall picture remains tough for job seekers. Vacancies are still 13.60% lower than in March 2025, and the market remains near its weakest level since 2021.

Like BP last week, these are unearned windfall profits driven by Trump’s war with Iran.

Equinor now wants to cash in even more by developing the Rosebank oil field, which would be a terrible deal for the UK. This government must put the needs of the British public – for affordable energy and a safe climate – ahead of this Norwegian oil giant’s relentless pursuit of profit.

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Collapse of US-Iran talks heightens fears of prolonged energy shock

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Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.

With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington.

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Strait of Hormuz not open, Abu Dhabi’s oil chief says as crude prices rise

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Uncertainty over US-Iran ceasefire pushes price of Brent crude towards $100 a barrel

The boss of Abu Dhabi’s state-owned oil company has said the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as uncertainty over the truce pushed the price of Brent crude towards $100 a barrel on Thursday.

Sultan Al Jaber, the chief executive officer of the Abu Dhabi National Oil Company (Adnoc), said passage through the crucial waterway was subject to “permission, conditions and political leverage” by Iran. He said energy security and global economic stability depended on the strait being opened “fully, unconditionally and without restriction”.

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Oil price jumps and markets slide after Trump warning to Iran

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Brent crude rises 8% as US president vows to hit Iran ‘extremely hard’ over coming weeks

Oil prices have soared after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking hopes of a near-term end to the conflict in the Middle East.

Brent crude prices jumped by as much as 8% on Thursday to $109.74 a barrel, reversing Wednesday’s drop when hopes of a de-escalation in the Iran war pushed the international benchmark below the $100-a-barrel mark at one point.

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Oil price tops $100 again as Iran strikes economic targets across Middle East

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Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets

Oil prices again topped $100 a barrel on Thursday as widespread Iranian attacks on Middle Eastern energy facilities overshadowed a vast release of government reserves.

As Donald Trump vowed to “finish the job” and press ahead with the US-Israel war on Iran, the country’s regime stepped up retaliatory strikes on economic targets across the region.

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Oil price tops $100 again as Iran strikes economic targets across Middle East

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Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets

Oil prices again topped $100 a barrel on Thursday as widespread Iranian attacks on Middle Eastern energy facilities overshadowed a vast release of government reserves.

As Donald Trump vowed to “finish the job” and press ahead with the US-Israel war on Iran, the country’s regime stepped up retaliatory strikes on economic targets across the region.

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