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Burnham spooks gilt market with Healey appointment

John Healey’s surprise appointment as Chancellor does nothing to neutralise the danger posed by new UK Prime Minister Andy Burnham’s own instincts on borrowing and spending, warned the CEO of a leading independent financial advisory. Gilt yields eased back and sterling ticked higher on Healey’s appointment,

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SpaceX mega-IPO raises questions over investor appetite

SpaceX is currently targeting a valuation of at least $1.8 trln through its upcoming initial public offering, with investors raising doubt whether there is enough demand this summer. “Markets are about to discover whether investor appetite for AI and tech is

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WTI hits 6-week high of $86, as supply concerns rise

Oil prices continue rallying on Wednesday as hostilities in Iran threaten to escalate out of control, and reports of vessels turning around in the Red Sea heighten concerns about supply disruptions. Against this backdrop, the benchmark West Texas Intermediate reached a fresh

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