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Chapter 1: What recent developments have impacted Nvidia's stock performance?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Caroline Hepker.
Chapter 2: How does Nvidia's earnings forecast compare to analyst expectations?
And I'm Stephen Carroll.
Investors have been left unimpressed by the latest blowout earnings forecast from Nvidia. The dominant maker of AI chips says that its revenue in the current quarter will be about $78 billion. That's well ahead of the almost $73 billion that analysts had expected. However, that wasn't enough to excite markets with shares little changed in post-market trading.
Daniel Newman is CEO of technology research firm the Futurum
I think the market has been in this bit of an uncertain space, almost in between whether AI is a bubble or AI is so valuable that it is going to disrupt and basically eliminate entire industries. But NVIDIA sits in this really good position where it's providing the quote unquote arms for this revolution.
Newman's assessment comes as Salesforce delivered a lukewarm sales outlook that also failed to impress investors.
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Chapter 3: What are the implications of Salesforce's lukewarm sales outlook?
The software giant has become a poster child for what's been dubbed the AI scare trade. Salesforce's shares have dropped about 37% in the past year, as investors fear that AI will make it easier to build competing products.
Cuban forces say they have killed a number of people who have opened fire from an American-registered speedboat. The country's Interior Ministry said the vessel, which had 10 people on board, approached the Cuban coast. Four were killed in the confrontation, while six others were injured and are now understood to be in custody.
Cuban authorities claim that the occupants were armed and intended to enter the country to fight against the government. U.S. Secretary of State Marco Rubio said officials are looking into the incident.
I'm not even going to speculate as to what it could have been. It's a wide range of things. Suffice it to say, it is highly unusual to see shootouts in open sea like that. It's not something that happens every day. It's something, frankly, that hasn't happened with Cuba in a very long time. But we're going to find out. We're not going to base our conclusions on what they've told us.
Chapter 4: What key factors contributed to the London Stock Exchange's £3 billion buyback?
Marco Rubio speaking there as the episode threatens to escalate an already tense standoff between the U.S. and Cuba.
Now to earnings news this morning. The London Stock Exchange Group has unveiled a new £3 billion share buyback as it announced its latest results. El Seg reported total income for the full year of £8.99 billion, meeting average analyst estimates. The earnings also come after it emerged that the activist hedge fund, Elliott Investment Management, had taken a significant stake in the firm.
The increased buyback, though, falls short of the £5 billion programme that Bloomberg News reported Elliott was pushing for earlier this month.
And WPP has announced plans to cut annual costs by half a billion pounds by 2028 as part of sweeping restructuring aimed at strengthening its AI capabilities. The move comes as the British-based advertising giant reported full year earnings that fell short of estimates. The company is also slashing its 2025 dividend by 62% to 15 pence per share, down from 39.4 pence in 2024 onwards.
Once the world's largest advertising agency, WPP has seen its share price fall over 65% over the past year as it struggles with the loss of several major clients. WPP shares opening up 2% in London.
The carmaker Stellantis has swung to a loss in the second half of last year after it scaled back an electric vehicle push. The company behind brands like Chrysler, Citroën and Peugeot reported an adjusted loss of just under €1.4 billion for the six months. That's after write-downs of over €25 billion last year linked to bets on EVs that were destined to be unprofitable.
Stellantis has been slashing prices and volumes improved, led by North America, deliveries gaining 39% to 825,000 vehicles. Shares for Stellantis are down by more than 30% so far this year.
US and Iranian officials are meeting in Geneva today for the latest round of nuclear talks. Ahead of those discussions, the US government imposed sanctions on more than 30 entities that support Iranian oil and weapons sales. Republican Senator Steve Davies says Iran's leadership presents a threat.
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Chapter 5: How is WPP restructuring to enhance its AI capabilities?
I don't trust this regime. There's one thing this regime does understand and respect, and that's strength and that's force. So I know there's a lot of variables, a lot of considerations the president has to take into account, but I do not trust the current regime.
Republican Steve Davies there speaking to Bloomberg yesterday. According to the U.S. Office of Foreign Assets Control, individuals and entities across the Middle East that helped Tehran develop advanced weapons have been blacklisted. In his State of the Union address, President Trump claimed Iran was working to reconstitute its nuclear program, even as it negotiates with Washington.
Now, the EU sees the latest US tariffs hitting 4.2 billion euros in exports with levies above what was agreed in the trade deal with the White House. Bloomberg understands that the bloc sees chemicals and agricultural products as a key area of concern. US Trade Representative Jameson Greer told Bloomberg America will meet its side of the trade deal.
The way to think about this is every country has domestic procedures that they need to go through to come into compliance with the deal. With Brussels, we gave them a good rate on cars. That stays the same. With the UK, we gave them a quota on cars. We gave them a quota of beef to import duty free. That stays the same. So a lot of these parts stay the same.
But just like Brussels hasn't fully implemented its deal or the UK hasn't fully implemented its deal, we also need a couple of months now to have some domestic procedures because the Supreme Court struck down all of this.
Greer added that President Trump will sign a directive in the coming days raising his new global tariff to 15%. The International Monetary Fund says that the tariff uncertainty risks undercutting an otherwise buoyant US economy.
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Chapter 6: What financial challenges is Stellantis facing in the electric vehicle market?
And those are your top stories on the markets. The Stock 600 this morning is slightly lower, but the most interesting moves are in individual share prices. London Stock Exchange Group up by 3.9% at the moment. Rolls-Royce Holdings 5.9% higher after they announced that big new share buyback, £7-9 billion over the next year. two years.
Schneider Electric up by 2.3% and WPP, which started its trading session actually higher, now down by 4.5% after announcing that new round of cost savings and the slash of its dividend. Those are your markets.
That's news when you want it with Bloomberg News Now. I'm Caroline Hepke.
I'm Stephen Carroll and this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over £10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth. The news doesn't stop on the weekends.
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Chapter 7: What recent sanctions have the US imposed on Iranian entities?
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