Frasers Group, controlled by retail tycoon Mike Ashley, has submitted a takeover offer for the entirety of Mulberry, raising alarm about the future stability of the British luxury handbag maker. The takeover offer values Mulberry at 130p per share, amounting to a total valuation of £83 million for the company.…
The South African rand has made a strong comeback, making it the best-performing emerging market currencies this year. The USD/ZAR exchange rate tumbled to 17.11, its lowest point since February 2023, and by over 14% from its highest level in 2023. SARB interest rate cut The USD/ZAR exchange rate continued…
Nio (NYSE: NIO) stock price continued its strong comeback this month, as we had predicted several times, as you can see here and here. It soared to a high of $6.64 on Friday, its highest level since January this year. Nio has jumped by over 82% from its lowest point…
Meituan’s stock price has staged a strong comeback as investors embraced a risk-on sentiment. It soared to a high of H$176.5 on Monday, its highest swing since January 2023. It has risen by over 191% from its lowest level this year, making it one of the best-performing companies in the…
PDD Holdings’ (PDD) stock price has staged a strong comeback in the past few weeks as investors embraced a risk-on sentiment. It has risen in the last five consecutive days, paring back the losses made in August after it published relatively weak financial results. PDD was trading at $135.38, its…
Baidu (BIDU) stock price has recovered modestly in the past few days, helped by the strong comeback of Chinese and global equities. It surged to a high of $107.67 on Monday, its highest swing since May 20th, and 31% above its lowest point this year. Baidu’s rebound has mirrored that…
Intercontinental Hotels Group (IHG) share price has done well this year, rising by over 24% in London. It soared to a high of 8,345p, its highest point since July 17, while its American ADR has jumped to a record high of $114.5. Hotel groups are doing well IHG’s performance has…
Silver price began the new week under negative pressure; trading in the red for the second consecutive session. Granted, it has recorded three weeks of gains that boosted it to a 12-year high late last week. After surging to $32.71 on Thursday, it’s highest level since December 2012, it has…
Alibaba Group Holding Ltd (NYSE: BABA) has surged over 20% this week, reaching a one-year high amid a significant rally in Chinese stocks. This upward momentum follows a series of positive developments, both from the company and macroeconomic policies, signaling a potential end to the bearish downtrend that has plagued…
Meta’s unveiling of its Orion augmented reality (AR) glasses at the Connect conference marks a significant leap in AR technology. Unlike virtual reality (VR) headsets, Orion offers a compact, lightweight alternative that overlays digital graphics onto the real world. This makes them a comfortable option for extended use. Meta CEO…