Today: 16 July 2026
Lloyds Buyback Hits 72% Mark With Shares Close to Double Tangible Book
16 July 2026

Lloyds Buyback Hits 72% Mark With Shares Close to Double Tangible Book

Lloyds Banking Group plc has now used about 72% of its £1.75 billion buyback. The bank paid an average 111.64p for 14 million shares in the last two sessions, which is almost 93% higher than its reported TNAV of 57.9p a share. TNAV excludes intangible assets. Lloyds picked up 7 million shares both on July 14 and July 15, and plans to cancel them.
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Cisco (NASDAQ:CSCO) drops $4.32 in short week, dividend in focus

Cisco Selloff Puts $9 Billion AI Order Goal Under a Fourth-Quarter Test

Cisco Systems, Inc. slid 4.5% on Wednesday, sharpening an investor question created by its own artificial-intelligence targets: can record orders from hyperscalers, the largest cloud operators, turn into enough sales and profit to support a roughly $445 billion market value? Cisco booked $5.3 billion of AI infrastructure orders from those customers through fiscal third-quarter 2026 and must add about $3.7 billion in the final quarter to reach its $9 billion full-year goal, nearly twice the prior quarter’s $1.9 billion.
15 July 2026
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AT&T’s 12% Cash-Flow Yield Looks Toward Starlink and Earnings

AT&T’s 12% Cash-Flow Yield Looks Toward Starlink and Earnings

AT&T Inc. now trades at an implied free-cash-flow yield close to 12% based on current guidance, even as analysts push down the stock for satellite competition risk. Next week’s earnings come down to one thing for the market: will the company pull in enough cash to keep up both its network build and returns for shareholders, together equal to about 10.5% of equity value?
15 July 2026
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Alibaba gains about $17B after Apple AI clearance, revenue still to come

Alibaba gains about $17B after Apple AI clearance, revenue still to come

Alibaba Group Holding Limited jumped 6.2% in late-morning New York trade after China approved Apple Intelligence for local use and Alibaba said Qwen would get integrated across Apple’s main operating systems in China. Alibaba’s American depositary receipts climbed $6.95, adding about $16.7 billion in equity value, based on its 2.40 billion shares outstanding. The companies didn’t give any launch date or commercial terms.
15 July 2026
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Angelini wraps $4.1 billion buyout of Catalyst Pharmaceuticals (NASDAQ:CPRX) at 9x projected 2026 EBITDA

Angelini wraps $4.1 billion buyout of Catalyst Pharmaceuticals (NASDAQ:CPRX) at 9x projected 2026 EBITDA

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15 July 2026
Angelini Pharma wrapped up its $4.1 billion takeover of Catalyst Pharmaceuticals, Inc. before the U.S. market opened Wednesday, taking the rare-disease drugmaker private. That price tag overstates the real cost. Stripping out Catalyst’s estimated net cash, the deal gives an enterprise value around $3.24 billion, or about 9 times expected 2026 adjusted EBITDA—a measure of operating profit before interest, tax, depreciation and amortization.
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SpaceX (NASDAQ:SPCX) launch puts Sirius XM Holdings (NASDAQ:SIRI) cash flow to the test

SpaceX drops $39 billion, leaving gains at MDA, Rocket Lab, AST SpaceMobile in the dust

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15 July 2026
Space Exploration Technologies Corp. dropped 2.2% to $136.08 late Tuesday, wiping out around $39.5 billion in equity value based on its reported base-offering share count. MDA Space Ltd., Rocket Lab USA Inc. and AST SpaceMobile Inc. all posted price gains, together adding about $2.0 billion on a similar price-move calculation. SpaceX’s equity drop finished at 19.6 times those combined gains.
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AtaiBeckley Inc. (NASDAQ:ATAI) stock jumps as FDA staffing guidance spotlights BPL-003’s two-hour edge

AtaiBeckley Inc. (NASDAQ:ATAI) stock jumps as FDA staffing guidance spotlights BPL-003’s two-hour edge

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14 July 2026
AtaiBeckley Inc. shares climbed 15.6% to about $5.75 in Tuesday afternoon trading as investors weighed final U.S. Food and Drug Administration guidance for psychedelic-drug trials. The document expects two monitors to remain with a patient throughout a treatment session, making BPL-003’s roughly two-hour clinic model more relevant to operating costs. Duration is now a cost variable.
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Nokia shares jumped on €5.5B defense-AI news—Ericsson moves in focus

Nokia Faces 72% H2 Profit Hurdle as Ericsson Flags AI Costs

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14 July 2026
Nokia Oyj’s shares slipped 2.5% to €10.30 in Helsinki at 16:44 EEST after investors reacted to a cost warning from Ericsson. The AI-driven rally is under the microscope, as nearly 75% of the company’s consensus comparable operating profit for the year is still to be generated in the back half. Focus has shifted—demand isn’t the main concern now.
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Latest

UnitedHealth Group (NYSE:UNH) says at least 84% of its Q2 beat is now in its outlook; Elevance Health (NYSE:ELV) moved 20%

UnitedHealth Group (NYSE:UNH) says at least 84% of its Q2 beat is now in its outlook; Elevance Health (NYSE:ELV) moved 20%

UnitedHealth Group bumped its 2026 adjusted earnings forecast to a range of $19.50 to $20.00 a share, moving up after second-quarter adjusted EPS of $6.38 topped analyst picks by $1.48. Shares jumped close to 5% in early premarket. Elevance Health closed Wednesday down 8.7% after a smaller boost to guidance, even as it also beat earnings forecasts.
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16 Jul
AST SpaceMobile $1B Bond Lifts Liquidity 4% Over March

AST SpaceMobile $1B Bond Lifts Liquidity 4% Over March

AST SpaceMobile, Inc. has set terms for a $1 billion convertible bond, a type of debt that can convert to stock. The deal would bring its cash and restricted cash up to roughly $3.61 billion pro forma, only a 4.4% gain from March even after a $735.9 million second-quarter drop. Shares slid about 10% to $59.70 in premarket action Thursday.
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16 Jul
DCC (LON:DCC) £67.97 Bid Leaves New Buyers With a 4.4% Maximum Spread

DCC (LON:DCC) £67.97 Bid Leaves New Buyers With a 4.4% Maximum Spread

DCC plc received a takeover proposal worth up to £67.9722 a share, but an investor buying the stock now would be eligible for no more than £66.50. The difference is DCC’s 147.22-pence final dividend, which is awaiting shareholder approval but stopped trading with the shares on May 28. At 6,370 pence, the maximum gross deal spread, the gap between the market price and offer value, is therefore about 4.4% for a new buyer, against 6.7% on the published package.
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16 Jul
Rolls-Royce buyback impact fades before July 30 cash review

Rolls-Royce buyback impact fades before July 30 cash review

Rolls-Royce Holdings plc has now spent about £1.034 billion, or 45%, of its £2.3 billion buyback so far. The firm paid an average price last week that was within 0.3% of Berenberg’s 1,430p target. With the gap closing, the buyback looks less like cheap share retirement and more like a difficult capital-allocation call.
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16 Jul
Experian (LON:EXPN) falls after B2B drives 92% of Q1 organic growth

Experian (LON:EXPN) falls after B2B drives 92% of Q1 organic growth

Experian PLC posted 7% organic revenue growth for the quarter ending June 30, but shares slipped as investors picked up on softer U.S. consumer numbers and no change to the annual forecast. Total revenue climbed 10% at reported exchange rates, 8% at constant currencies. “We delivered a strong start to FY27,” CEO Brian Cassin said, keeping full-year expectations steady.
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16 Jul
UK mortgage rates drop while 5% deposit loan options tighten

UK mortgage rates drop while 5% deposit loan options tighten

Britain’s mortgage market is picking up again, but some buyers with thin deposits are being left out. Moneyfacts said in its July data that the total number of mortgage products increased for a third straight month. But the number of 95% loan-to-value deals—loans covering nearly all the home price—dropped to 450 from 466.
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16 Jul
SDG&E reliability could slip by up to 3.4 minutes from South Orange County outage

SDG&E reliability could slip by up to 3.4 minutes from South Orange County outage

A power outage overnight left 22,525 San Diego Gas & Electric customers in South Orange County without electricity. If power comes back by the utility’s 1 a.m. target, that outage would nudge the systemwide outage-duration metric up by only about 3.4 minutes, according to early calculations from reported milestones. The event is enough to show up in annual reliability stats, but seems too small for now to affect near-term earnings at Sempra, which owns the utility.
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16 Jul
AST SpaceMobile $1B Bond Lifts Liquidity 4% Over March

Stock Market Today: Live Updates 16.07.2026

LIVEMarkets rolling coverageStarted: July 16, 2026, 4:00 AM EDTUpdated: July 16, 2026, 7:16 AM EDT FTSE 100 drops as Middle East strains weigh; Rotork lifts FTSE 250 July 16, 2026, 7:16 AM EDT. The FTSE 100 fell Thursday, with traders citing renewed U.S.-Iran tensions and a pullback in tech names. Rotork shares moved higher and supported the FTSE 250. Market tone stayed cautious with geopolitical risks in focus. Britain's FTSE 100 slips on Middle East tensions; Rotork lifts FTSE 250 AST SpaceMobile (NASDAQ: ASTS) prices $1 billion convert, ups cash position July 16, 2026, 7:15 AM EDT. AST SpaceMobile (NASDAQ:
16 Jul
Tesla (NASDAQ:TSLA) delivery beat saw 28,368-car inventory drop, margins get attention

Tesla (NASDAQ:TSLA) delivery beat saw 28,368-car inventory drop, margins get attention

Tesla Inc. delivered 28,368 more cars than it built in the second quarter, using up about 38% of its 74,102-unit beat compared to company-compiled analyst expectations, company figures show. That changes the focus for July 22 earnings from delivery numbers to automotive gross margin, which measures how much of each vehicle sale is left after production costs.
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16 Jul
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