Delfineo daily — April 30, 2026
First, sorry for yesterday miss. Our tech failed. Two stories run through today's brief: how the Iran war is now showing up in European prices and balance...
Delfineo daily — April 28, 2026
Three-quarters of US THAAD interceptors fired in 39 days of war with Iran. OpenAI puts $600bn on the table for AI compute. Wall Street dealers haul Treasury...
Delfineo daily — April 27, 2026
Central banks freeze before the Iran shock, Beijing rips up two foreign deals at once, and Shell signs its biggest acquisition in a decade. Six numbers worth...
Delfineo daily · 24 April: Meta cuts 8,000 for AI, Cohere-Aleph Alpha forges $20bn tie-up, Avis squeeze hits 342%
Eighteen stories today, across four themes. The first is the Big Tech headcount-for-GPU trade. Meta cuts 10% of staff — roughly 8,000 jobs — on 20 May to...
Delfineo daily - 23 April: ArianeGroup vs SpaceX, Switzerland's $20bn UBS hit, Japan blocks foreign takeovers
Twelve stories today, organised around three fault lines. The first is the Iran war rewiring European and Atlantic strategy. ArianeGroup's new boss...
Delfineo Daily — 22 April
Fifteen stories today, organised around three fault lines. The first is the Iran ceasefire — Trump extended it for a second time at Pakistan's request, Brent...
Delfineo Daily — 21 April: Anthropic's $100bn bet, Revolut's $200bn target, and UniCredit vs Berlin
Fourteen stories today, and a clear split between the two halves of the world economy. On one side, US & UK start-ups are locking in generational amounts of...
Delfineo Daily — Monday, 20 April 2026
Nine stories made the cut today — from a US destroyer firing on an Iranian cargo ship in the Gulf of Oman, to France quietly slipping to 5th place in...
Delfineo Daily — Sunday, 19 April 2026
Nine stories made the cut today — from Tehran's claim of "strict control" over Hormuz, to Columbia's basement lab trying to build robots that reproduce....
Delfineo Daily — Hormuz reopens, aluminium hits a 'black hole', Bercy plans €4bn cuts
Saturday 18 April 2026. Nine briefs across geopolitics, energy, defence, banking and consumer. Click the headlines to read the full analysis. Geopolitics &...
Delfineo Daily — Friday, 17 April 2026
Welcome to the Delfineo Daily — a short digest of the economic and financial stories we consider signal, not noise. Every headline below links to the full...
Delfineo Daily — Friday, 17 April 2026
We have started a daily newsletter of key economic & financial information. We aim to share news that we consider non-noise. The full articles are available...
Waga Energy - 5x on energy infrastructure, is it real?
Disclaimer: Please note that the author (Paul Coquant) & related entities are long on Waga Energy, SA (entry price of €12-€22 per share). While he remains...
Cellnex - a digital infrastructure monopoly turning soon into a cash cow?
Disclaimer: Please note that the author (Paul Coquant) & related entities are long on Cellnex Telecom, SA (entry price of €27-€30 per share). While he...
GTT - how can a monopoly be a potential value trap?
Disclaimer: Please note that the author (Paul Coquant) is not long nor short on GTT SA. While he remains confident in the thesis presented here, he may...
Fineco Bank - a great business but a bad investment?
Disclaimer: Please note that the author (Paul Coquant) is not long nor short on Fineco Bank. While he remains confident in the thesis presented here, he may...
Avanza Bank - an interesting play on the European wealth transfer ?
Disclaimer: Please note that the author (Paul Coquant) is not long nor short on Avanza Bank. While he remains confident in the thesis presented here, he may...
Scout 24 - A large upside in the stock of the backbone of the German real estate market ?
Disclaimer: Please note that the author (Paul Coquant), along with entities under his management, are currently long Scout24 SE (entry range €83.5 - €85.5...
Edenred, an asymmetric opportunity to invest in a very profitable business
Disclaimer: Please note that the author (Paul Coquant), along with entities under his management, are currently long Edenred SE (entry range €17.5 - €23.5...