Oct 18, 2026
The Nasdaq just had its worst week since June while the FTSE 100 had its best in six months. Every major AI sell-off of the past two years has been bought. But this time, the problem may not be demand for AI. It may be the cost of financing it.
Oct 17, 2026
Part 2 of 2. In Part 1 on Thursday I suggested the path of least resistance was a modest rise in the bank surcharge. Within hours, Bloomberg reported that is broadly what the Chancellor is planning. So, what would this action actually do to lending, bank shares and the Treasury's coffers?
Oct 16, 2026
This week the two companies at the bottom of the AI supply chain said demand will outstrip supply into 2028. Markets responded with a global chip rout and record costs to insure against AI credit defaults. The problem isn't the makers of the picks and shovels, it's the people borrowing to buy them.
Oct 15, 2026
Part 1 of 2. Two weeks before the Budget, Britain's banks face the prospect of another tax raid. But what exactly would the Treasury be taxing: lucky profits, the reward for prudent risk management, or income created by the BoE's own policy?
Oct 14, 2026
Record sales, record margins, demand visibility stretching to 2030 and a reported 10% price increase locked-in. The shares rallied, but at roughly 58× earnings, the real question is how much is already in the price.
BP says its reset is working; America’s banks say the consumer is holding up. Both have the numbers, but the question is whether they hold when the tailwinds fade.
Oct 13, 2026
Hock Tan suggests some investors have "no clue" what they are buying. ASML's Q3 Results tomorrow should give us some insights.
Oct 11, 2026
The US president says Ukraine is causing "problems for the world" by hitting Russian refineries. The fuel crisis he's trying to fix before the midterms started somewhere else.
Oct 10, 2026
We looked at what a CGT rise could look like. Now comes the harder question: what would it actually do to tax receipts, markets and the people paying it?
Oct 9, 2026
Tesco rips on raised profit, but underneath, the British shopper is quietly changing what goes in the basket.