Stock Market & Financial News
Frasers lifts Hugo Boss stake above 30% mandatory bid threshold
Frasers Group PLC (LSE:FRAS) has pushed its stake in Hugo Boss above 30%, clearing the threshold that triggers a mandatory takeover offer under German rules. The retail group controlled by Mike Ashley has bought a further 2.55 million shares, equal to about 3.69% of the German fashion house, after counterparties exercised put options on 17 July.
BSHI Prologis piles pressure on SEGRO as takeover deadline looms
Prologis has intensified its pursuit of SEGRO PLC (LSE:SGRO), publicly attacking the warehouse landlord's defence a day before a deadline that forces the US giant to bid or walk away. The FTSE 100 property group rejected a third approach from Prologis on Monday, worth 993p a share, or about £13.5 billion.
PLD Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April
The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June.
ENS DAO activates two-year veto council after $20M BonkDAO attack
ENS DAO approved an eight-member Security Council with two-year veto power to stop malicious proposals during the governance timelock period
MTU Aero Engines: Still Deeply Undervalued
MTU Aero Engines is rated Strong Buy, with 37% upside, driven by robust commercial MRO and military engine growth. MTU's €31.6 billion backlog, expanding GTF installed base, and rising defense exposure underpin multi-year earnings and free cash flow growth. Margins are pressured by a growing GTF MRO mix, but long-term MRO margin targets and cash conversion are set to improve significantly.
MRO 
Hut 8 Secures $9.8 Billion Texas AI Lease as Bitcoin Miners Pivot to Compute
Hut 8 has signed a second 15-year lease for 352 megawatts of AI capacity at its Beacon Point campus in Texas. The deal doubles the tenant's commitment and highlights a wider shift by bitcoin miners toward long-term data center contracts.
Pound to Canadian Dollar Price Forecast: GBP Edges Higher as Canada Inflation Cools
The Pound to Canadian Dollar (GBP/CAD) exchange rate edged slightly higher on Monday as softer Canadian inflation weighed on the 'Loonie', although gains for Sterling were capped as investors awaited more policy detail from Prime Minister Andy Burnham. At the time of writing, GBP/CAD was trading at CA$1.8875, up around 0.1% on.
OCS Group to buy Mitie for $4.17 billion
British outsourcer Mitie has agreed to be acquired by rival OCS Group International for a total value of £3.1 billion ($4.17 billion), the companies said on Tuesday.
OCS 
Euro: Downward bias capped by 1.1390 support against US Dollar – UOB
Euro: Downward bias capped by 1.1390 support against US Dollar – UOB
Julius Baer beats net new money forecast, says de-risking impact to persist
Swiss bank Julius Baer said on Tuesday net new money for the first six months of the year reached 5.7 billion Swiss francs ($7.04 billion), or annualised growth of 2.2%, beating expectations after a slow start to the year.
JBARF 
Oil prices drive Maurel & Prom's half-year sales 27% higher
French oil group Maurel & Prom said on Tuesday that a sharp rise in oil prices drove its half-year sales to $366 million, 27% higher than in the second half of 2025.
EBLMY 
Var Energi Agrees $1.3 Billion Deal to Buy BlueNord
The company, which operates on the Norwegian Continental Shelf, said the deal will increase its exposure to European gas markets and expands access to key gas infrastructure.
VARRY 
Crispr Therapeutics: A Catalyst-Rich 12 Months Ahead
CRISPR Therapeutics offers a diversified gene-editing pipeline, with CASGEVY as its lead approved asset and multiple upcoming catalysts. CRSP's valuation reflects a 38% drawdown from its 52-week high, while several clinical data readouts and trial initiations are imminent. CASGEVY's efficacy and expanding market access, combined with a robust cash position, underpin a favorable risk/reward at current levels.
CRSP 
Personalis, Inc. (PSNL) M&A Call Transcript
Personalis, Inc. (PSNL) M&A Call Transcript
PSNL 
XRP Set for 'Further Upside' if It 'Decisively' Breaches This Level, Says Popular Analyst as Ripple-Linked Crypto Spikes 5% in a Week
Leading cryptocurrency analyst Ali Martinez anticipated on Monday a “decisive breakout” for XRP (CRYPTO: XRP) if the token successfully surpasses a key resistance level. Where Is XRP Headed?
Ripple veteran regrets selling XRP at $0.10 and Ethereum near $1
Ripple CTO Emeritus David Schwartz says risk aversion drove early XRP and Ethereum sales, including XRP at $0.10 and ETH near $1 years ago.
Silver Price Forecast: XAG/USD surges to near $58.20 as oil price rally hits pause
Silver Price Forecast: XAG/USD surges to near $58.20 as oil price rally hits pause
Julius Baer Net Profit More Than Doubles to Record High
The Zurich-based lender's operating income jumped 26% reflecting higher net commission and fee income, which grew 12%.
JBARF 
Carney Says Canada Is Open To Talks After Trump Imposes New 50% Tariffs
Carney's statement added: “Canada has made a series of detailed and comprehensive proposals to resolve this dispute and to modernize CUSMA.
EWC 
EUR/JPY Price Forecast: Holds gains above 185.50 near nine-day EMA support
EUR/JPY Price Forecast: Holds gains above 185.50 near nine-day EMA support
Gold (XAUUSD) & Silver Price Forecast: Is Gold Ready for $4,100 as Silver Eyes Trendline Break?
Gold breaks above its descending trendline as central bank buying offsets Fed uncertainty. See the latest outlook for XAUUSD and XAGUSD.
Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind
Asian semiconductor shares rebounded hard, a five-day ETF inflow streak passed $600 million, and oil pulled back on Middle East diplomacy.
Novartis Returns to Growth on Sales Momentum From Key Drugs
Second-quarter net sales rose 1% at constant currency as growth from some of its top-selling products offset declines for medicines that lost patent protection.
NVS 
Ripple Veteran on Selling XRP: 'I Wish I Hadn't'
Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early cryptocurrency holdings, including XRP at $0.10 and Ethereum at around $1.
Taiwan Court Jails Cointhink Fraud Leader for 22 Years After USDT Scheme Hit 1,539 People
A Taiwan court sentenced the leader of a major crypto fraud ring, a man surnamed Shih, to 22 years in prison. In total, 14 people were indicted.
AUDUSD: Scenario for a Possible Continuation Move Higher
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy.
Natural Gas and Oil Forecast: Inventory Draw Supports Oil Is WTI Ready for the Next Leg?
Falling U.S. crude inventories and strong LNG exports support energy markets. Discover key technical levels for WTI, Brent and natural gas.
WTI 
AST SpaceMobile: Convertible Notes Accelerate Its Full Potential (Rating Upgrade)
AST SpaceMobile is upgraded to strong buy as the recent dip offers an attractive entry ahead of anticipated revenue growth. ASTS delayed its 45-satellite target to early 2027 due to launch constraints, funding the new timeline with $1B in convertible notes. With $3.7B in cash post-issuance, ASTS can secure reliable launch capacity, potentially accelerating its full constellation timeline to 2028–2029.
ASTS 
BlackRock acquires $116M in Bitcoin, boosts institutional crypto presence
BlackRock acquires $116 million in Bitcoin, signaling growing institutional confidence. Bitcoin reaching $67,500 in July at 60.5% YES.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
