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“Tesco Appear to be Back on Track, but Could Brooker Deal Stun Recovery?”
Jordan Hiscott, Chief Trader at ayondo markets
“Tesco’s full year earnings are due out tomorrow, with analysts predicting operating profits to come in at £1.2 billion. While this would beat last year’s performance of £944 million, it’s still only a fraction of the £4billion profit they recorded six years ago. Since then, we’ve seen the dual effect of the accounting scandal and negative profit warnings drag the share price to a 14-year low of 137p, leading Warren Buffet, the third largest shareholder, to call his 4.1% stake his ‘worst ever investment’.
“Since then, subsequent board changes and the appointment of a new CEO seem to be producing positive results. Tesco’s share price has moved higher to 195p and profitability has drastically improved. However, there appears to still be trepidation among investors for the supermarket giant, stemming from the recent acquisition of cash and carry specialist Brooker. The £3.7 billion purchase, regarded as an elevated level in some circles, has raised the question among investors – will the deal stun the recovery growth of Tesco going forward?”
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Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
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SGX FX Adopts Chainlink to Make its Premium OTC FX Data Available to Thousands of On-chain Apps
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Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ
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MoneyHash Names Hwan Lee Regional Director for Africa
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Souhoola Opens Its New Branch at City Stars, Expanding the Reach of Its Financial Services Across the Egyptian Market
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The Rise of Private Credit and the Need for Flexible Loan Servicing
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88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds
ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launchedon the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money laundering or terrorist financing.
Axiology and Profitus Set Baltic Record with €3.4M Digital Bond
Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets has registered a record-breaking digital bond, funded through the leading crowdfunding platform in Lithuania – Profitus. The bond was registered by Axiology and distributed through Profitus, closing at a final value of €3.4 million. It is secured by shares in companies owned by Lithuanian Shark Tank investor Gediminas Kvietkauskas.
Equifax and Mifundo Open Access to Brazilian Credit Data for European Banks
Mifundo, a pan-European credit data platform, has integrated credit data from Equifax BoaVista, subsidiary of Equifax Inc. in Brazil, enabling European banks to access verified Brazilian credit information as part of their credit assessment processes.
SGX FX Adopts Chainlink to Make its Premium OTC FX Data Available to Thousands of On-chain Apps
SGX FX, a leading technology partner for the global institutional FX ecosystem, has adopted Chainlink, the industry-standard oracle platform, to broaden access to its OTC FX data and support greater flexibility in how institutional participants consume trusted market information.
Triathlon Ireland Reduces Financial Reporting From Days to Minutes with AccountsIQ
Triathlon Ireland, the national governing body of triathlon and multi-sport in Ireland, hosting 250+ events nationwide and supporting 20,000 athletes has automated its financial reporting with AccountsIQ’s cloud accounting software.
MoneyHash Names Hwan Lee Regional Director for Africa
MoneyHash, the payment orchestration platform for emerging and global markets, has appointed Hwan Lee as its new Regional Director for Africa. The strategic hire reflects MoneyHash’s continued expansion across high-growth African markets and its broader vision of helping businesses scale and manage complex payment operations across providers, methods, and markets in emerging economies.