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Rheinmetall (ETR: RHM) Falls 15% After Germany Scraps F126 Frigate Program; TKMS Jumps
Rheinmetall shares came under strong pressure after Germany made a surprise decision to cancel the F126 frigate program. The move triggered a sharp reaction across European defense stocks, with investors reassessing future naval contracts and long-term order visibility. The cancellation also shifted attention toward rival shipbuilder TKMS, which saw a strong upside in trading. The…
Liontrust (LON: LIO) Rises 12% After Outflows Narrow to £276M in Current Quarter
Liontrust shares surged about 12% in late June 2026 after the UK asset manager reported quarterly net outflows of £276 million, a sharp improvement from previous periods. The update gave investors fresh confidence that the company’s long struggle with client withdrawals may be starting to ease. While outflows have not disappeared, the trend is moving…
FTSE 100 Swings Higher by 0.09% as DAX Falls 0.65% on Tech Rout
European markets delivered a mixed performance on Wednesday as investors balanced a sharp global technology selloff against easing geopolitical concerns in the Middle East. The FTSE 100 managed to stay in positive territory, while Germany’s DAX came under pressure from weakness in technology and semiconductor stocks. Market participants also monitored political developments in the UK…
Segro Rejects £12.6bn Prologis Takeover Approach as US Rival Bid Stalls for FTSE Warehouse Firm
Segro (LSE: SGRO) rejected a £12.6 billion all-share takeover approach from US logistics giant Prologis (NYSE: PLD) on June 23, 2026. The proposal submitted on June 16 offered 0.084 new Prologis shares per Segro share, valuing the FTSE 100 firm at 925p per share, a 24.6% premium to Segro’s closing price of 742p. Prologis went…
Major Power Outage in France as Europe Heatwave Intensifies Amid Record Temperature Crisis
France is grappling with a severe power outage risk as Europe’s most intense 2026 heatwave tightens its grip. The second and more severe heatwave began on June 22, 2026, with 54 departments placed under a heatwave red alert and overnight temperatures reaching their highest since records began in 1947. The single highest temperature recorded was…
Meesho (NSE: MEESHO) Shares Jump 7.3% to ₹184.80 as Citibank Highlights Strategic Edge in E-Commerce Market
Meesho shares gained 7.3% to ₹184.80 on June 23, 2026, after Citibank initiated coverage with a bullish outlook on the company’s future. The move drew strong investor attention and highlighted Meesho’s growing influence in India’s fast-expanding e-commerce market. As online shopping demand continues to rise across smaller cities and towns, analysts see the company benefiting…
Barclays Raises S&P 500 Target to 7,800 for 2026 and 8,800 for 2027 on Stronger Earnings Outlook
Barclays raised its S&P 500 year-end 2026 target to 7,800 on June 23, 2026. Head of US equity strategy Venu Krishna lifted the firm’s 2026 S&P 500 target from 7,650, driven by an improving earnings outlook. The index is trading at $7,456.90 today, below its all-time high of $7,616.20 reached on June 2, 2026. The…
Sterling & Wilson Renewable Shares Jump 7.3% to ₹260.80 on Reports of $560 Million Egypt Solar Project Win
Sterling & Wilson Renewable (NSE: SWSOLAR) surged 7.3% to an intraday high of ₹260.80 on June 23, 2026, from a prior close of ₹242.91. The catalyst was a reported $560 million EPC contract win for the West Minya Solar Power Project in Egypt, secured through a joint venture with Hassan Allam Construction. The project is…
FTSE 100 Falls 0.71% as Investors Assess Post-Starmer Political Uncertainty and Burnham Transition
The FTSE 100 moved lower on Tuesday as investors weighed the political impact of Prime Minister Keir Starmer’s resignation and the growing possibility of Andy Burnham taking over the country’s leadership. Market participants also monitored broader European weakness, currency movements, and concerns about future fiscal policy. The decline came after a brief relief rally a…