Latest market news
Independent UK financial coverage with full source attribution.
OpenAI's Fidji Simo steps down after medical leave
Fidji Simo is leaving her full-time role as OpenAI's CEO of AGI Deployment following a three-month medical leave, transitioning to a part-time advisory position.
NTPC issues tender to acquire stakes in international uranium mines
NTPC Ltd launched a tender seeking consultants to identify uranium mine investment opportunities across Australia, Canada, Kazakhstan, and South Africa, with bids due 16 July 2026. Cameco Corporation (CCJ) was mentioned in coverage in connection with the targeted countries.
US strikes 90 Iranian military sites; S&P 500 futures rose 0.2%
US forces struck ~90 Iranian military sites around the Strait of Hormuz on 10 July 2026, following strikes on 8–9 July. Iran retaliated against US facilities in Bahrain, Kuwait, and Qatar; S&P 500 futures rose 0.2% at 7:43 a.m. ET on 9 July.
Apollo bids £7.15/share for easyJet, topping Castlelake offer
Apollo Global Management has proposed a £5.7bn cash takeover of easyJet at 715p per share, superseding Castlelake's £6.90 bid that the board had endorsed days earlier.
Japan finance minister signals pension reallocation to domestic assets; yen strengthens
Japanese Finance Minister Katayama announced on 10 July 2026 a plan to encourage pension funds including GPIF to increase domestic asset allocations; Japanese government bond yields fell and the yen strengthened against the US dollar following the announcement.
Japan PPI rose 7.1% year-over-year in June 2026, beating estimates
Japan's Producer Price Index rose 7.1% year-over-year in June 2026, exceeding the consensus estimate of 6.8% and accelerating from May's 6.3% reading; month-over-month PPI came in at 0.4%, above the 0.3% forecast but below May's 0.9% gain.
US sells $22bn 30-year Treasuries at 5.058% yield on 9 July
The US Treasury auctioned $22 billion of 30-year bonds on 9 July 2026 at a high yield of 5.058%, marginally below the when-issued level of 5.061%; the bid-to-cover ratio reached 2.44x and international buyer participation rose to 77.74% of total demand.
Apollo bids 715p per share for easyJet in £5.7bn cash deal
Apollo Global Management made a cash offer of 715 pence per share for easyJet, valuing the UK budget airline at £5.7bn, against a rival 690 pence per share bid from Castlelake tabled on 4 July 2026. EasyJet confirmed it is evaluating both proposals as of 10 July 2026.
US existing home sales fell to 4.09M in June 2024; median price hit record $440,600
US existing home sales fell to 4.09 million in June 2024, missing the 4.20 million consensus and declining 2.4% month-over-month, while the national median existing home sales price reached an all-time high of $440,600, up 1.8% year-over-year.
Australia-India uranium supply deal finalised after 12 years of negotiations
Australia and India finalised a uranium supply agreement on 9 July 2026 following Modi's Melbourne visit, concluding 12-plus years of negotiations. AustralianSuper's additional A$500 million India infrastructure commitment brought its total exposure there to A$3.3 billion.
PEP Q2 2026: filings, holdings, and macro context
UK regulators granted oversight of Amazon, Google, Microsoft, Oracle from July 2026
HM Treasury formally designated Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle Cloud as critical third parties under a new UK statutory framework; supervisory powers over their services to UK financial institutions take effect on 13 July 2026.
Apple sues OpenAI alleging hardware trade secret theft
Apple filed a federal lawsuit on July 10, 2026 accusing OpenAI, its chief hardware officer, and a former Apple engineer of misappropriating confidential product information.
SK Hynix raises $26.5bn in record US foreign-company IPO
SK Hynix completed a $26.5bn ADR offering on Nasdaq on 10 July 2026, the largest-ever US IPO by a foreign company. ADRs were indicated to open 17% above the offering price; the company reached a trillion-dollar market capitalisation.
NESO issues rare summer margin notice amid UK heatwave
Britain's grid operator issued an Electricity Margin Notice for 9 July, flagging a projected 1,000MW shortfall during the evening peak as Europe's third heatwave of 2026 cuts generation.
UK grid operator issued rare summer electricity supply warning amid third 2026 heatwave
Britain's National Energy System Operator issued a warning covering Thursday evening electricity supply conditions on 9 July 2026, its third such alert during the current summer period, as the UK experienced its third heatwave of 2026.
Sizewell B wins 20-year life extension to 2055 at £70.50/MWh
The UK government and EDF have agreed draft Head of Terms to keep Sizewell B operating until 2055 under a Contract for Difference at £70.50/MWh, with £800m in refurbishment investment planned.
PLTR Q2 2026: filings, holdings, and macro context
DELL Q3 2026 update — filings and holdings
Ukrainian drones struck Russian fuel tankers and trucks; Brent and WTI linked
Ukrainian drone attacks on Russian fuel infrastructure included strikes on two tankers in Taganrog Bay and 360 reported truck attacks in one week; Russia announced domestic energy sales bans and increased fuel imports amid a reported nationwide petrol shortage.