Saturday, August 22, 2026 · Markets edition
Today's edition
Economy
Exchange District — Two of nine committee members voted for a cut. The statement now says policy will stay “appropriately calibrated” — the phrase traders spent the afternoon repricing.
Companies
The group cut full-year guidance by a fifth and paused the buyback. Shares closed down 12% — the steepest one-day fall since listing.
Management calls it “input recovery”. Suppliers, three of whom we spoke to, call it something shorter.
The going-concern note landed on page 174 of the annual report, four days before the bond matures.
Eight years and four funding rounds in, the unit economics finally point the right way — just as two rivals cut fees.
Corvid Freight
412.80down -12.1%
Guidance cut
Meridian Grocer
188.35up +3.4%
Price rises
Halvern Bank
96.10up +0.9%
New AM chief
Skeldon Group
31.75down -8.6%
Audit note
Brixa Payments
54.20up +6.2%
First profit
Averholt REIT
142.05up +0.3%
Refinanced
The re-benchmarked series adds 0.4 points a year — enough to change the story every budget since 2021 was written around.
Markets editor
Companies editor
Economics correspondent
Deals reporter
