Ocado, the online grocery and technology group, has recently taken steps to extend the maturity of its existing debt. The company aims to raise £600 million through new bond issues to finance a tender offer for its existing bonds that are due in 2025 and 2026. Ocado has launched an offering of £250 million Read more: Ocado moves to extend the maturity of its existing debt, aims to raise £600 million..
Wedbush, a financial services firm, has recently stated that the introduction of OpenAI’s SearchGPT is likely to pose a short-term challenge for Google. This is due to investor uncertainty about the potential threat SearchGPT poses to Google’s dominance in the search engine market. Wedbush believes that SearchGPT will create uncertainty and pressure on Google’s stock Read more: OpenAI’s SearchGPT is likely to pose a short-term challenge for Google..
The World Gold Council (WGC) reported a 4% year-on-year increase in global gold demand for Q2 2024, reaching 1,258 tonnes, the highest for a second quarter in their data series. This surge was primarily fueled by: Robust over-the-counter (OTC) transactions: OTC demand saw a significant increase of 53%, reaching 329 tonnes, countering the impact Read more: Global gold demand rises 4% in Q2 2024, reported by World Gold Council..