Articles by Daniel Marsh
Musk's Memphis Presence Signals AI Buildout Priority as SpaceX Investment Surges
SpaceX shares fell 1.77% Friday, but the real signal is CEO Elon Musk's presence at the Memphis AI buildout, where capex reached $15.83B in Q2.
UK August Retail Sales Beat Forecasts as Online Purchases Rebound
UK retail sales unexpectedly rose 0.5% in August, driven by a rebound in online spending, though fuel volumes fell. The data may influence Bank of England rate decisions.
Clayton Glass Insolvency Rumors Unconfirmed as Official Records Remain Silent
Despite online speculation, UK public records show no administration filing for Clayton Glass as of Sept 18. The company's financial health remains uncertain amid thin margins and working capital deficit.
Montenegro Claims €100M Fiscal Boost from Anti-Smuggling, Gambling Crackdown
Montenegro's deputy PM claims €100M fiscal gain from tobacco and gambling enforcement. Investors seek clarity as budget data shows improvement.
Lockheed Martin Slips Despite Saudi F-35 Approval
Lockheed Martin shares fell 0.9% despite U.S. approval for a possible $24.3B F-35 sale to Saudi Arabia. The approval is not an order, so no revenue or backlog impact yet.
Nestlé Faces Russian Takeover Threat as Kremlin Seizes Control
Russia has placed Nestlé's Russian business under external administration, prompting a 2.4% share decline. The move could lead to forced divestment, mirroring actions against Danone and Carlsberg.
On Holding's Mbappé Deal Fails to Sustain Pre-Market Rally
On Holding's stock reversed a 5% premarket jump after announcing Kylian Mbappé as its football ambassador, with first boots due in 2027.
Remedy Shares Slide 4.7% as 'Control Resonant' Reviews Land
Remedy Entertainment shares fell 4.7% after early reviews for 'Control Resonant' arrived. The game's critical reception is positive but not unanimous, and investors await sales data.
Bathla Gets Court Extension; TCF Units Stay Below Pre-Collapse Levels
Bathla Group's administration extended to 2027 with A$4.7M funding; TCF units remain 8.8% below pre-collapse close.
BrewDog Creditors Face Pennies on the Pound After Tilray Acquisition
BrewDog plc unsecured creditors are set to recover under 1p per pound, while bar business creditors get nothing. Tilray's £33M acquisition leaves old shareholders empty-handed.
Danone Faces Second Recall of So Delicious Dessert; Shares Dip
Danone's So Delicious Salted Caramel Cluster frozen dessert is recalled again for foreign material, impacting Target and Walmart. Shares dipped 1.6%.