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Why is Bunzl stock sliding today? Source link
Andy Burnham, Labour MP for Makerfield, celebrates after his swearing-in at the Houses of Parliament on June 22, 2026 in London, England. Dan Kitwood | Getty ImagesAndy Burnham is set to become the U.K.’s seventh prime minister in a decade on Monday, with investors and market watchers already questioning his policy agenda. King Charles will formally ask Burnham to form a government at Buckingham Palace this morning ahead of his official appointment as prime minister.After that, he is expected to make his first speech as premier and set out his vision for the country.U.S. President Donald Trump has welcomed Burnham’s plan…
Jeff Bezos has invested in CuspAI, a British startup which on Monday unveiled a partnership with Nvidia and a number of other industry leaders as it hunts for breakthroughs in semiconductors, clean energy and advanced manufacturing. The $450 million fundraise, which values CuspAI at $2.6 billion, was led by Kleiner Perkins and NEA, with significant participation from Jeff Bezos’ Bezos Expeditions. Additional new investors include Glade Brook Capital Partners, Lux Capital, AMD Ventures, and Britain’s Sovereign AI Venture Fund.CuspAI uses artificial intelligence to simulate the performance of novel materials, narrowing the huge number of possibilities for laboratory testing. “Most big…
U.S. Treasury yields edged higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose nearly 2 basis points to 4.56%.The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was gained 1 basis point to 4.185%. The longer-dated 30-year Treasury bond yield also traded 1 basis point higher at 5.08%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.U.S. Central Command completed the ninth consecutive evening…
Morgan Stanley cuts Arkema on fading acrylic acid spreads, earnings reset Source link
The prisons minister has resigned from the government, the BBC has been told.Lord James Timpson was appointed to the role in July 2024 after leaving his job as CEO of the Timpson group, a business which provides key cutting and shoe repair services and employs hundreds of former prisoners.His arrival in government was greeted with much fanfare by some in the Labour Party and described as “radical” and “innovative”.But in a departing statement on Monday, seen exclusively by the BBC, Lord Timpson said he was stepping down and it was an “honour” to serve in the post.His statement did not…
Boeing CEO Kelly Ortberg told CNBC Monday that the planemaker will need “a couple more years” to repair its finances before launching a new commercial jet, signaling that the company is focused more on stabilizing its existing business rather than rushing to develop a successor to its best-selling 737 MAX. Boeing must clear three hurdles before committing to a new aircraft program, Ortberg told CNBC’s Phil LeBeau at the Farnborough International Airshow in the U.K.”First of all, we have to be ready, and part of that is getting our financial house in order, and we’re working on that,” Ortberg said.…
Deutsche Bank upgrades SMA Solar to Buy after stronger Q2, higher outlook Source link
The lenders to Thames Water are preparing a legal challenge in case a Burnham-led government attempts to nationalise the UK’s biggest water company.Burnham – who takes over as PM on Monday – has previously said he wants to see “greater public control” of the water and energy sectors and has called for Thames Water to be nationalised.Thames Water is about £20bn in debt. Its lenders had proposed a deal to write off nearly half of that and inject new cash in return for some leniency from future pollution fines, but this deal has previously been rejected by the government as…
Infantino with Trump presenting the FIFA World Cup trophy to Rodri.Catherine Ivill – Ama | Getty Images Sport | Getty ImagesThe biggest, brashest World Cup on record drew to a close Sunday, as Spain defeated Argentina 1-0 in extra time to claim international football’s biggest prize.Barcelona forward Ferran Torres scored the only goal of what was ultimately a disappointing final, securing Spain’s second World Cup title as Argentina were reduced to 10 men after Enzo Fernández received a second yellow card for a foul on Spanish defender Pau Cubarsi.Madonna, Justin Bieber, BTS and Shakira were among those who performed at…