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Market news & articles

Companies & Earnings · a month ago

Sainsbury first-quarter like-for-like sales ease to 2.1% as non-food categories weaken

In the 16 weeks to June 20, 2026, Sainsbury reported like-for-like sales excluding fuel up 2.1%, down from 3.1% in the prior quarter. Total retail sales excluding fuel rose 2.7% to 9.153 billion pounds, with grocery up 3.6%, while general merchandise and clothing fell 3.7% and Argos sales slipped 0.5%.

Economy · a month ago

July 1, 2024: BoE reports May UK home-loan approvals at 60,000 as net mortgage borrowing slows

Bank of England data for May 2024 showed net approvals for house purchase fell to 60,000 from 60,800 and remortgaging approvals to 29,600 from 29,900. Net mortgage borrowing by households slowed to £1.2 billion from £2.2 billion, while the effective rate on new secured loans rose to 4.79% from 4.74%.

Companies & Earnings · a month ago

Virgin Media O2 Bonds Fall as UK Fibre Rivals Gain Ground and Focus Turns to nexfibre’s £2 Billion Substantial Purchase

Virgin Media O2 said the consumer fixed market remained under competitive pressure in Q1 2026, with ARPU pressure and a £468.3 million adjusted free cash flow outflow. The planned £2 billion nexfibre acquisition of Substantial would add wholesale access commitments for Virgin Media O2 and remains subject to regulatory approvals.

Companies & Earnings · a month ago

Starbucks Korea to shut stores early on June 22 for staff training after tumbler promotion drew criticism

Starbucks Korea said it will close all stores nationwide at 3 p.m. on June 22 to conduct mandatory training on historical awareness and social sensitivity. The move follows its May 18 promotion for stainless-steel tumblers branded as “SS Tank,” launched on the anniversary of the Gwangju Uprising.

Energy & Commodities · 2 months ago

U.S. Ground Beef Prices Reach May Record as Texas Screwworm Cases Rise

U.S. average retail prices for 100% ground beef reached $6.899 per pound in May, according to BLS data. USDA said a new New World screwworm case was confirmed in a calf in La Salle County, Texas, bringing the reported total in the state to six, while cattle futures ended lower Monday.

Deals & Capital Markets · 2 months ago

Ares secures $8.5 billion for specialty credit vehicle, topping target within six months

Ares Management said it raised $8.5 billion from institutional investors for its latest specialty credit fund, exceeding its $6.5 billion target and hitting the fund's hard cap less than six months after its January 2026 launch. The fundraising was disclosed amid slower flows from retail and wealthy clients and higher redemption requests.