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HKG:2799.HK 13 January 2026

Hong Kong market watchdog David Webb dies at 60, leaving small investors without their loudest critic

Hong Kong market watchdog David Webb dies at 60, leaving small investors without their loudest critic

David Webb, Hong Kong activist investor and founder of Webb-site.com, died at 60 from metastatic prostate cancer, according to a notice posted Monday. Webb was known for exposing risky cross-shareholdings and corporate governance issues, triggering major stock sell-offs in 2017 and 2018. In 2025, he received an MBE for his work on market transparency. He had begun shutting down his website as his health declined.
13 January 2026
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Stock Market Today

  • Uranium Energy Shares Fall 17% on Larger Q3 Loss Despite New Production Start
    June 9, 2026, 4:11 PM EDT. Uranium Energy Corp shares fell 17% to $10.43 after reporting a fiscal third-quarter net loss of $52.3 million, up from $30.2 million a year earlier. The Texas-based uranium miner began production at its Burke Hollow project, using in-situ recovery (ISR), which extracts uranium by dissolving ore underground. The company ended the quarter with $794 million in liquid assets and no debt. Weak sales of purchased uranium inventory contributed to the loss, dropping gross profit from sales to $10 million from $24.5 million last year. CEO Amir Adnani highlighted ongoing challenges in uranium conversion, a key step for nuclear fuel production. Despite falling shares, UEC expects production to rise in the fourth quarter as new facilities at Burke Hollow and Christensen Ranch operate fully. Market uranium prices remained stable near $85.70 per pound.

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