Ashmore Group reported a 21% earnings miss for fiscal year 2026, driven by weaker performance fees and higher variable compensation costs linked to seed-capital gains. Adjusted EBITDA fell 32% year-on-year to £35.7 million, below consensus expectations. Despite the miss, net management fees were stable and seed-capital gains exceeded forecasts, helping limit the profit before tax shortfall to 1% below consensus. UBS maintained a neutral rating and a target price of 209p, expecting the next earnings update to align with consensus estimates.
Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, proposed gradually reducing its $80 billion exposure to long-term U.S. Treasuries starting in 2027. This move raises questions about the future value of the iShares 2...
The XRP Ledger has surpassed 8 million funded accounts, lowering the XRP amount needed to rank in the top 10% of holders to around 3,333 XRP. This shift is due to the growing number of wallets, many holding small amounts, which dilutes the threshold ...
Anchored Finance has launched 10 fully backed tokenized stocks on Uniswap using the Arbitrum Layer-2 network, with simultaneous deployments on Ethereum, Base, and Monad. Each token represents a real share held by US-regulated brokers, ensuring trust ...
Hunter Biden is launching a 1 billion supply meme coin called LAPTOP on Coinbase's Base platform on Sept. 9. The token allocation includes 30% for the founding team, locked and gradually unlocked over two years, and 20% reserved for airdrops targetin...
ZCAT surged 35.4% in 24 hours by distributing 2,320 ZEC (worth $2.8 million) to holders through a unique reward system funded by a 3% fee on every token transfer. This fee buys Zcash (ZEC), which is then shared among wallets holding at least $20 in Z...
