Articles by Daniel Marsh
Nu Holdings Secures Inter Miami Stadium Naming Rights in U.S. Expansion Drive
Nu Holdings Ltd. has acquired naming rights for Inter Miami CF's new 26,700-seat stadium, now called Nu Stadium, as the Brazilian fintech seeks to expand its U.S. presence. The multiyear deal includes jersey branding starting in August.
Tesla's UK Market Share Slips as BYD Gains Ground
Tesla's UK registrations dropped sharply in February, down 37.1% to 2,422 vehicles, even as the broader new-car market grew. BYD's registrations soared 83% to 2,154, nearly matching Tesla's volume.
Wall Street Outperforms Global Markets Amid Iran Conflict, Oil Surge
U.S. equity futures edged lower Friday as geopolitical tensions with Iran fueled oil prices and inflation concerns, though Wall Street is set to outperform global peers this week. The Nasdaq remains on track for a modest weekly advance.
Bradesco Consolidates Health Assets into $52B Bradsaúde Ahead of March Vote
Banco Bradesco will combine its health and dental assets into a new publicly traded entity named Bradsaúde, targeting R$52 billion in 2025 revenue. The proposal requires shareholder approval on March 31.
Zealand Pharma Stock Crashes on Obesity Drug Data Lagging Lilly
Zealand Pharma A/S shares plunged over 32% Friday after mid-stage trial results for its obesity drug candidate petrelintide showed weight loss well behind Eli Lilly's competing therapy, erasing billions in market value.
Compass Group Defies FTSE Slump as 2026 Targets Steady AI Concerns
Compass Group PLC shares climbed 3.18% to 2,306 pence on Thursday, outperforming a declining FTSE 100. The global caterer reaffirmed its 2026 outlook for approximately 7% organic revenue growth and 10% underlying operating profit expansion.
HSBC Executive's Major Share Sale Sparks Capital Strategy Scrutiny
HSBC's Asia and Middle East co-CEO sold HK$43.2 million in shares, coinciding with the bank's decision to pause buybacks until its capital ratio recovers. The bank reported 2025 pretax profit fell 7% to $29.9 billion.
Hindustan Unilever Sells Nutritionalab Stake, Sharpens Focus on Premium Brands
Hindustan Unilever has divested its entire 19.8% holding in Nutritionalab Private Limited for approximately 3.07 billion rupees. The move aligns with a broader strategy to concentrate investment on high-growth premium categories.
BAE Systems Retreats as Defense Rally Loses Momentum
BAE Systems shares declined, pulling back from recent highs even after the company executed a share repurchase and Berenberg raised its price target. The dip reflects a broader cooling in the defense sector rally.
Qantas Reroutes Flights Amid Middle East Airspace Disruption
Qantas Airways is adjusting its European network, adding a Singapore stopover on Perth-London flights and an extra Sydney-London A380 service. The changes respond to Middle East airspace closures that have grounded major Gulf carriers.
Fitch Affirms NAB's AA- Rating as Asset Quality Strengthens
Fitch Ratings maintained National Australia Bank's AA- credit rating, highlighting a reduction in non-performing loans and solid quarterly cash earnings. The bank will report half-year financial results on May 4.
Valuation Concerns Emerge for PetroChina and Agnico Eagle After Major Rallies
PetroChina and Agnico Eagle Mines show signs of being overvalued after significant multi-year gains, according to discounted cash flow analyses. Meanwhile, Asian equity markets traded unevenly as oil prices retreated.