1. ASDA and Stonegate are struggling under PE-led debt burden
ASDA’s debt burden has attracted scrutiny since offshore-based PE firm TDR Capital bought the chain through a joint venture with the Issa brothers in 2021.
2. Darktrace improves revenue and margin guidance after returning to growth
The cybersecurity AI group improved its full-year guidance for recurring revenue, raised expectations for total revenue and margins, and maintained cash flow guidance.
3. FTSE 100 closes in red
Stocks close 37 points lower at 7,923 after IMF warns against early rate cuts.
4. ISA trends: Nvidia, Microsoft, Tesla in, Lloyds and Barclays booted
UK retail investors are jumping into US technology megacap stocks, with Magnificent Seven technology giants Nvidia Corporation, Microsoft Corp (NASDAQ:MSFT) and Tesla Inc (NASDAQ:TSLA, ETR:TL0) among the most popular ISA investments at the moment.
5. UK interest rate cut to come in September not August, say analysts
The changes in expectations came after yesterday's stronger-than-expected US inflation reading, which sent the government bond market into a tizzy.