Articles by Daniel Marsh
Infosys Leads IT Rout After Accenture Cuts Forecast
Infosys dropped 6.5% after Accenture trimmed its fiscal 2026 revenue-growth outlook, dragging the Nifty IT to a three-year low as demand concerns mount.
Flex to Join S&P 500, Spin-Off in Focus
Flex (FLEX) is set to join the S&P 500, with index funds adjusting holdings. The planned AI data-center spin-off remains in focus, subject to regulatory approvals.
Nokia Sheds 9% Ahead of Midsummer Break Despite AI and Patent Wins
Nokia shares fell 9.1% in a shortened Helsinki week, ending at 11.785 euros, as fresh AI, patent, and defense announcements failed to ease investor worries about margins and telecom demand.
T&T Supermarket Enters California Market, Plans Major Newark Store
T&T Supermarket opened its first California store in San Jose and announced plans for a larger location at Newark's NewPark Mall, expanding its Bay Area presence.
Bank of England Holds Rate at 3.75% as Energy Shock Eases, Inflation Concerns Linger
The Bank of England kept rates unchanged at 3.75%, with two policymakers favoring a quarter-point rise. Inflation is projected to climb above 3.25% by year-end, delaying any rate cut.
Take-Two Surges on GTA VI Preorder News, Rallying Nearly 13% in Holiday Week
Take-Two shares surged 4.93% to $239.28 after Rockstar announced June 25 preorders for Grand Theft Auto VI, fueling a nearly 13% weekly gain as the market focuses on pricing and GTA Online updates.
TechnipFMC Shares Face Mixed Fund Sentiment Ahead of Q2 Results
Institutional moves show mixed signals for TechnipFMC as the stock trades 16% below its April peak, with T. Rowe Price reducing its position by 20% while IEQ Capital increased exposure.
Novo Nordisk Shares Rally as Healthcare Sector Lifts OMXC25
Novo Nordisk B shares rose 5% to 294.4 Danish crowns, leading the OMXC25 higher as healthcare stocks gained. The rally came amid a cyber incident and ongoing competition with Eli Lilly in oral obesity drugs.
VIX Tumbles as US-Iran Truce Eases Oil Fears, But Political Risk Persists
The VIX dropped 11% to 16.40 as the US-Iran deal eased oil and inflation fears, but canceled talks in Switzerland keep political risk in focus.