Stegra has completed a €1.4 billion equity financing round, securing fresh backing from a consortium led by Wallenberg Investments as the company continues construction of its flagship low-carbon steel plant in Boden, northern Sweden. The financing follows an agreement announced in principle in April and marks a significant milestone for one of Europe’s most closely…
Ultra-low-cost international shopping platforms are now a significant force in UK retail, attracting around £4.7bn in annual consumer spending and accounting for 5% of non-food online sales, according to new research by Barclays and Retail Economics. The findings highlight growing competition for established retailers as shoppers increasingly seek lower prices and wider product ranges. The…
Packaging competition is changing. For many years, success in the industry was measured by manufacturing scale, plant capacity and cost efficiency. The companies that could produce the most packs at the lowest cost tended to win the biggest contracts. That model is now shifting. Across global markets, brands are placing greater value on speed. They…
By Heekyong Yang and Hyunjoo Jin SEOUL, June 24 (Reuters) – South Korea’s SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be among the biggest listings globally, as the Nvidia supplier seeks to capitalise on strong investor appetite for AI stocks….
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Taylor Swift isn’t the only one who can’t stop breaking records. Actively managed ETF assets have hit a new high, reaching nearly $2.5 trillion at the end of May, breaking April’s record of $2.3 trillion,…
By Hyunjoo Jin and Heekyong Yang SEOUL, June 24 (Reuters) – SK Hynix’s overtaking of Samsung Electronics to become South Korea’s most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush. In 2012, conglomerate SK…
What happened: Alphabet (GOOGL, GOOG) stock rose as much as 1.5% before slipping into red territory on Wednesday. What’s behind the move: The tech giant will join the Dow Jones Industrial Average (^DJI) on June 29, replacing Verizon Communications (VZ) to better reflect the growing sectors of the US economy. Alphabet’s inclusion will “broaden and…
NatPower has signed a multi-year agreement with Tesla covering the supply and deployment of more than 25 gigawatt-hours of battery energy storage systems across European markets, with initial projects planned in Italy and the United Kingdom. Under the agreement, Tesla will provide its Megapack battery storage technology, engineering, procurement, and construction services, and energy trading…
By Heejin Kim and Hyunjoo Jin SEOUL, June 24 (Reuters) – Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026 performance, but that no details including timing or size of the buyback had been decided. The clarification came in a regulatory filing after local…
Sue-Jean Lin, a director of Arcutis Biotherapeutics (NASDAQ:ARQT), reported the sale of 4,946 shares of common stock on June 15, 2026, as disclosed in this SEC Form 4 filing. Transaction summary Transaction value based on SEC Form 4 reported price ($24.38); post-transaction value based on SEC Form 4 reported share count and the derived total…
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