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Governance firm InGovern Research has called for investor safeguards, citing market volatility triggered by offshore short-seller reports. This follows Viceroy Research's 9 July report alleging governance issues at Vedanta, which caused an intraday stock plunge of nearly 8 per cent. While acknowledging short-selling as a legitimate, regulated activity that aids market liquidity and price discovery, InGovern emphasised that such reports often serve the financial interests of their authors. "Cri ...Read More >
The UK's FTSE 100 gained as energy shares rose along with oil prices, and EasyJet hit an eight-month high after positive brokerage reviews. The energy sector was buoyed by oil price increases, while miners saw gains due to copper pricing rebound. Other market movements included Marston's and SSP Group surging due to robust profit reports. On Tuesday, the UK's FTSE 100 benchmark rose, driven primarily by an uptick in energy shares following a hike in oil prices. The energy sector recorded a 1.7% ...Read More >
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