RBC Capital Markets supports IG Group's recent acquisition of Underdog, dismissing the market's sharp selloff as an overreaction focused too much on regulatory risks. The deal significantly expands IG's US presence, increasing customer numbers tenfold and more than doubling US revenues, with 25% of pro forma revenue from daily fantasy sports and prediction markets. RBC highlights the attractive valuation paid and notes that half the deal's value depends on earnings, which mitigates regulatory uncertainty expected to be resolved by the US Supreme Court within 24 months. Management plans to leverage the upcoming NFL season for customer growth, with a shift to profitability expected in 2027. RBC maintains an outperform rating and a 1,850p price target, implying 39% upside from current levels.
The Sun Hung Kai Properties Hong Kong Cyclothon, Hong Kong's largest annual cycling event, will return on October 11, 2026, featuring two scenic rides of 56km and 32km through iconic city landmarks. Registration opens on August 20, inviting cyclists ...
The Hong Kong Tourism Board announces the return of the annual Hong Kong Cycling Festival on October 11, 2026, featuring two non-competitive routes: a new 56km route and a 32km route. Over 6,000 cyclists worldwide are invited to ride through iconic c...
YunTuo, Diageo's first whisky distillery in China, won a Gold medal in the New Make category at The World Whisky Masters 2026, a prestigious global competition. This award recognizes the quality and distinct fruit-led floral character of YunTuo's new...
The Bitcoin 500-Day Rule, which advises buying Bitcoin about 500 days before a halving and selling about 500 days after, is under scrutiny as institutional investors and spot Bitcoin ETFs increasingly influence the market. Historically, this rule ali...
ProShares UltraPro QQQ (TQQQ), a 3x leveraged ETF tracking the Nasdaq-100, surged 10.09% in one day and gained 21.54% over the past week, outperforming the Nasdaq-100's 7.16% gain. While leverage amplifies returns in strong trending markets, it also ...
