Latest financial and economic news and analysis
Gold: Breakout holds as US payrolls loom – OCBC
Israel-based Ratio Petroleum Energy raised its takeover bid for Pharos Energy to about £146.4 million ($196.97 million) on Friday, outbidding rival oil producer Serica Energy and winning back the board's recommendation.
The leading cryptocurrency experienced downward momentum on Thursday as renewed labor market strength and mounting rate hike concerns weighed on digital asset valuations. Bitcoin declined 0.69% to reach $64,384, retreating after encountering significant resistance at higher price levels.
Oxford BioMedica PLC (LSE:OXB), the cell and gene therapy manufacturer, has cut its revenue guidance for 2026 after clients deferred orders and a US site took longer than expected to come online. The company now expects full-year revenues of £180 million to £200 million.
Bitcoin (BTC) is showing renewed signs of buying pressure from large investors, with whale accumulation and improving spot Bitcoin ETF inflows strengthening the case for a potential move toward $70,000 despite uncertainty surrounding the U.S. CLARITY Act. Blockchain analytics firm Santiment reports that Bitcoin whales and sharks wallets holding between 10 BTC and 10,000 BTC have accumulated more than 20,000 BTC since July 29.
A new paper finds a weak correlation between gold and inflation.
Expensify, Inc. (EXFY) Q2 2026 Earnings Call Transcript
TechTarget, Inc. (TTGT) Q2 2026 Earnings Call Transcript
Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) has rejected a £202 million cash approach from DNO, its Norwegian rival in the Kurdistan region of Iraq. DNO has taken the proposal public after being rebuffed, a move that raises pressure on the Genel board to open talks.
A Bitcoin wallet dormant since 2011 has suddenly moved nearly 50 BTC, worth approximately $3.2 million, attracting attention after the funds landed at an address with previous links to institutional crypto brokerage FalconX. The original wallet received 49.97 BTC on July 16, 2011, when Bitcoin traded near $10, according to Galaxy Research.
Palm oil harvests on Southeast Asia's islands of Borneo and Sumatra are being disrupted as rising prices of fuel and supply shortages force smallholders to cut back on fruit collection, threatening yields of the world's most widely used edible oil.
JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has appointed Peter Agnefjäll as chair of the board with effect from 1 September 2026.
JFrog Ltd. (FROG) Q2 2026 Earnings Call Transcript
Pacific Basin Shipping Limited (PCFBY) Q2 2026 Earnings Call Transcript
Kingsway Corporation (KWY) Q2 2026 Earnings Call Transcript
