FTSE 100 Recovers as Pound Stays Higher After Inflation
Currys is now down 0.5%, having reversed its earlier climb which saw its shares hit the highest since December 2021 after it hiked its profit guidance for a third time on the back of 'robust' demand.
The electronics retailer has been the FTSE 250's ninth best performer since the year began, climbing 32% as consumer demand has proved resilient.
And shares have doubled in value since Currys rejected a takeover offer by investment firm Elliott in February last year which at the time they said 'significantly undervalued' the firm.
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Yahoo
23 minutes ago
- Yahoo
MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Urban Air Mobility Quadrant Report 2025
DELRAY BEACH, Fla., June 10, 2025 /PRNewswire/ -- 360Quadrants has released its latest Urban Air Mobility Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights ARC Aero Systems, Urban Aeronautics, Ascendance Flight Technologies, and AIR VEV Ltd., among the top companies, are actively shaping the future of the Urban Air Mobility Startups/SMEs Companies Assessment. The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices. Company Highlights in the Urban Air Mobility Startups/SMEs Companies Assessment: Arc Aero Systems, a UK-based technology company, specializes in the development of advanced civil aircraft with vertical take-off and landing (VTOL) capabilities, aiming to revolutionize urban air mobility (UAM). Committed to creating sustainable and efficient air transportation for urban and regional areas, the company offers a range of innovative aircraft, including the Pegasus, Linx P3, and Linx P9. Arc Aero Systems is driven by a mission to minimize the environmental footprint of air travel through hybrid propulsion technologies. Urban Aeronautics envisions transforming urban mobility through the application of cutting-edge aerospace technologies to develop vertical take-off and landing (VTOL) aircraft tailored for complex city environments. By offering a practical and efficient alternative to conventional transportation, the company seeks to redefine how people and critical services move within urban areas. Urban Aeronautics also operates through its wholly owned subsidiary, Tactical Robotics, which leads the development of the Cormorant project. This autonomous VTOL aircraft is designed for combat cargo delivery and medical evacuation missions, sharing technological commonalities with the CityHawk. Together, these innovations reflect the company's commitment to revolutionizing urban transport and emergency response with safe, sustainable, and advanced VTOL solutions. Ascendance Flight Technologies is committed to advancing sustainable aviation through the development of hybrid-electric propulsion systems. The company's flagship aircraft, the Atea, is a vertical take-off and landing (VTOL) vehicle designed as a cleaner, quieter, and more efficient alternative to conventional helicopters. Central to Atea's performance is Ascendance's proprietary Sterna hybrid-electric propulsion system, which significantly reduces noise and emissions while extending operational range and efficiency. The company operates across two primary business areas: Aircraft Manufacturing and Propulsion Technology. In aircraft manufacturing, the Atea stands out as a versatile and eco-friendly VTOL aircraft tailored for urban mobility and short regional travel, offering a quieter and safer transport option well-suited to dense urban settings. To explore the full quadrant report and see how companies are positioned in the Urban Air Mobility Startups/SMEs Companies Assessment, 2025, Visit: Evaluation Criteria The vendor evaluation was conducted on over 100 companies, of which the top 11 were categorized and recognized as quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Urban Air Mobility Startups/Small-Medium Businesses Companies Assessment quadrant. The top criteria for product footprint evaluation included Solution (Infrastructure and platform), Platform architecture (Rotary-wing, fixed-wing hybrid, and fixed-wing), and Mobility Type (Air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, and air ambulances & medical emergency vehicles), Mode of Operation (Piloted and autonomous) and Range(intercity (>100 km) and intracity (<100 km)). 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Progressive companies, Responsive companies, Dynamic companies, and Starting blocks. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. Download Free Sample @ About 360Quadrants 360Quadrants, a specialized division of MarketsandMarkets™, delivers comprehensive quadrant analyses for various emerging technologies and markets, including start-ups. Our evaluation methodology hinges on two critical parameters: market presence and product footprint. This approach facilitates a graphical representation of competitive positioning across four key categories: leaders, contenders, innovators, and emerging companies. In addition, we meticulously classify start-ups into progressive companies, responsive companies, dynamic companies, and starting blocks. Our expertise equips organizations with insights into market leaders across over 6000 micro markets, enabling a detailed comparison of vendor capabilities and performance. At 360Quadrants, we ensure that each quadrant adheres to the highest standards, empowering our clients to navigate complex market dynamics precisely and confidently. 360Quadrants has also launched quadrants in fields such as – Drone Detection Startups/SMEs Companies Assessment, 2025, and Drone Communication Startups/SMEs Companies Assessment, 2025. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Ms. Sipti Banga,630 Dundee Road, Suite 430Northbrook, IL 60062USA: +1-888-600-6441Email: Logo: View original content: SOURCE MarketsandMarkets
Bloomberg
29 minutes ago
- Bloomberg
Vujcic Says ECB Can Wait Until September to Discuss Move
The European Central Bank is "in a very good position" and can wait before having an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic. "By September we're going to have basically three more rounds of data," the Croatian central-bank chief said during an interview with Bloomberg's Kriti Gupta. (Source: Bloomberg)
Associated Press
30 minutes ago
- Associated Press
EU seeks to lower a price cap on Russian oil and discourage Nord Stream pipeline investors
BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officials said on Tuesday. EU foreign policy chief Kaja Kallas said the bloc is 'proposing to lower the oil price cap from $60 to $45, which is lower than the market price, and lowering the oil price cap will hit Russia's revenues hard.' Kallas said the EU also wants to impose 'sanctions on the Nord Stream pipelines to prevent Russia generating any revenue in the future. In this way, it sends a clear signal we are not going back to business as usual.' All 27 EU member countries must all agree for the sanctions to enter force. In 2023, Ukraine's Western allies limited sales of Russian oil to $60 per barrel but the price cap was largely symbolic as most of Moscow's crude — its main moneymaker — cost less than that. Still, the cap was there in case oil prices rose. Oil income is the linchpin of Russia's economy, allowing President Vladimir Putin to pour money into the armed forces while avoiding worsening inflation for everyday people and a currency collapse. European Commission President Ursula von der Leyen said she assumed that the price cap would be discussed and agreed among the leaders of the Group of Seven major world economic powers when they meet in Canada on June 15-17. She said the United States and its G7 partners realize 'that the oil price has lowered so much that the effectiveness of the cap is to be questioned, and therefore we all want to lower the oil price from $60 per barrel down to $45 per barrel.' The Nord Stream gas pipelines were built to carry Russian natural gas to Germany but are not in operation. They were sabotaged in 2022, but the source of the underwater explosions has remained a major international mystery. The Commission has said that it wants to impose sanctions on the operating consortium to discourage investors from trying to use the pipelines in future. The blasts happened as Europe attempted to wean itself off Russian energy sources following the Kremlin's full-scale invasion of Ukraine, and contributed to tensions that followed the start of the war. Von der Leyen noted on Tuesday that at the beginning of the war in 2022, 'Russia had 12 billion euros ($14 billion) of energy revenues from fossil fuels' from Europe per month. 'And now we're down to 1.8 billion (euros).' The new EU sanctions would also target Russia's banking sector, with the aim of limiting the Kremlin's ability to raise funds or carry out financial transactions. A further 22 Russian banks will be hit with measures, von der Leyen said. An export ban worth some 2.5 billion euros would also be imposed, and the assets frozen of more than 20 Russian and foreign companies alleged to be providing support to the Kremlin's war machine. Von der Leyen said the sanctions are aimed at forcing Russia into serious talks about peace with Ukraine. 'We need a real ceasefire, and Russia has to come to the negotiating table with a serious proposal,' she told reporters. The EU has imposed several rounds of sanctions on Russia since Putin ordered his troops into Ukraine in February 2022. Around 2,400 officials and 'entities' – often government agencies, banks and organizations – have been hit. It's last raft of sanctions, imposed on May 20, targeted almost 200 ships in Russia's sanction-busting shadow fleet of tankers, and tightened trade restrictions to stop produce that could be used for military purposes from reaching Russia's armed forces.
