Category: Top Story

  • Market Open: Arrow Exploration Tops 6,000 Boe/d, Quantum Data Energy H1 Update

    Market Open: Arrow Exploration Tops 6,000 Boe/d, Quantum Data Energy H1 Update

    UK shares open little changed as Wall Street rallies on Fed rate-hold hopes; Arrow Exploration lifts output and Bitcoin climbs 3.67%.


    Market Overview

    UK and European markets opened little changed on Friday, with the FTSE 100 marginally lower and the Euronext 100 modestly firmer, while Germany’s DAX slipped from its previous close. Wall Street’s overnight session was far stronger, with the Nasdaq Composite closing up 1.40 per cent and the S&P 500 closing up 1.06 per cent, as investors positioned ahead of Friday’s US non-farm payrolls report, which analysts regard as pivotal to the Federal Reserve’s rate decision at its September meeting. Commentary from Fed Governor Christopher Waller pointing to encouraging signs of disinflation has tempered earlier fears of a rate rise, while ongoing tension between the United States and Iran continues to weigh on sentiment in energy markets.

    In commodities, copper, gold and natural gas all edged higher on the day, while Brent crude eased marginally despite remaining on course for a sharp weekly gain as the standoff between the United States and Iran around the Strait of Hormuz continues to stoke concerns over global energy supply. Bitcoin rose sharply against sterling, extending its rebound after a volatile week. Sterling was little changed against major peers, with only marginal moves against the US dollar, euro, yen, Swiss franc and Australian dollar as currency markets held steady ahead of the US jobs data.


    Market Numbers

    FTSE 100: Down (-0.00%), 10,831.45
    Euronext 100: Up (+0.03%), 1,907.44
    DAX: Down (-0.07%), 25,985.86
    NASDAQ: Up (+1.40%), 26,584.06
    S&P 500: Up (+1.06%), 7,747.71


    In the Headlines

    Production Update – Arrow Exploration Corp (LSE:AXL)
    Arrow Exploration reported corporate production above 6,000 barrels of oil equivalent per day, supported by recent drilling, workovers and its Thorsby field acquisition in Alberta, while advancing drilling at its Icaco field in Colombia. The update underlines the company’s ability to sustain output growth across its Colombian and Canadian assets, with attention now turning to the outcome of licence extension discussions in Colombia.

    H1 Generation Update – Quantum Data Energy PLC (LSE:QDE)
    Quantum Data Energy reported around 4.7 gigawatt hours of electricity generation in the first half of the year, with its Pyebridge asset achieving prices well above the wholesale benchmark, alongside progress at two new projects reaching financial close and completing construction. The update highlights the company’s expanding flexible power generation portfolio at a time of record renewable output and price volatility in the power market.


    Currencies (vs GBP)

    USD: Up (+0.00%), $1.3529
    CHF: Up (+0.01%), Fr.1.0925
    EUR: Down (-0.00%), €1.1634
    JPY: Down (-0.01%), ¥210.57
    AUD: Up (+0.02%), $1.8789
    Bitcoin (BTC/GBP): Up (+3.67%), £59,632.86

    Commodities

    Copper: Up
    Gold: Up
    Brent Crude: Down
    Natural Gas: Up

  • Wall Street Futures Hold Steady Ahead of Payrolls as Lululemon Falls and Adobe Names CEO: Dow Jones, S&P, Nasdaq

    Wall Street Futures Hold Steady Ahead of Payrolls as Lululemon Falls and Adobe Names CEO: Dow Jones, S&P, Nasdaq

    U.S. equity futures were broadly unchanged on Friday as markets awaited the August nonfarm payrolls report, while comments from Federal Reserve officials affected expectations for the central bank’s September interest-rate decision.

    Company developments were also in focus after Lululemon Athletica (NASDAQ:LULU) lowered its full-year outlook again and Adobe (NASDAQ:ADBE) announced that Anil Chakravarthy will succeed Shantanu Narayen as chief executive. OpenAI also announced the introduction of GPT-6 Astra.

    Markets Await U.S. Labour Data

    S&P 500 futures edged down to 7,752.25 points, while Nasdaq 100 futures were little changed after the previous session ended with gains on Wall Street.

    The August nonfarm payrolls report is expected to provide investors with further evidence about conditions in the U.S. labour market ahead of the Federal Reserve’s September 15-16 policy meeting.

    Stronger employment growth could support expectations for interest rates to remain restrictive. A weaker report could increase expectations that policymakers will keep rates unchanged, with the possibility of reductions at a later stage.

    Fed Comments Shift Rate Expectations

    Federal Reserve Governor Christopher Waller said recent economic figures had provided signs that inflationary pressures were easing.

    Waller indicated that he would favour leaving interest rates unchanged at the September meeting if upcoming economic releases continue to show inflation moderating.

    New York Fed President John Williams has also advocated a cautious wait-and-see approach to monetary policy.

    Following the comments, financial markets lowered the implied probability of a 25-basis-point September rate increase to approximately 50%, compared with almost 65% previously.

    Lululemon Drops Following Forecast Cut

    Lululemon Athletica (NASDAQ:LULU) shares declined approximately 18% in extended trading after the athleticwear company reduced its full-year forecasts for a second time and reported quarterly sales below expectations.

    Incoming Chief Executive Heidi O’Neill will take responsibility for the company as it works to refresh its product range and compete with other brands in the athleticwear market.

    Future sales performance and changes to the company’s product offering are expected to remain areas of attention as the management transition takes place.

    Adobe Announces Chief Executive Transition

    Adobe (NASDAQ:ADBE) named Anil Chakravarthy as its next president and chief executive, with the appointment taking effect on December 1.

    Chakravarthy currently leads Adobe’s Customer Experience Orchestration business and worldwide field operations and will join the company’s board as part of the appointment.

    Shantanu Narayen will move to the position of executive chair and work alongside Chakravarthy during the leadership transition.

    The change comes as Adobe increases the integration of artificial intelligence across its creativity, productivity and customer-experience products. Chakravarthy said his priorities would include the next era of “agentic software.”

    OpenAI Announces GPT-6 Astra

    OpenAI announced GPT-6 Astra, initially making the model available to enterprise customers before a broader rollout to Plus, Pro, Business and Enterprise users.

    The model will also be offered through the OpenAI API and AWS. OpenAI set standard API pricing at $10 per million input tokens and $50 per million output tokens.

    The announcement comes as artificial intelligence companies continue developing new models and expanding their use across consumer and business applications.

  • FTSE 100 Edges Lower Ahead of U.S. Payrolls Report

    FTSE 100 Edges Lower Ahead of U.S. Payrolls Report

    The FTSE 100 traded slightly lower on Friday as markets awaited the latest U.S. non-farm payrolls report ahead of the Federal Reserve’s Sept. 16 policy meeting.

    The FTSE 100 was down 0.04% as of 03:18 ET (07:18 GMT). Elsewhere in Europe, Germany’s DAX gained 0.10% and France’s CAC 40 rose 0.04%.

    Sterling strengthened against the U.S. dollar, with GBP/USD up 0.13% at 1.3542.

    U.S. Employment Data in Focus

    Consensus forecasts point to an increase of 55,000 U.S. non-farm payrolls for August, compared with a decline of 23,000 in July. The unemployment rate is expected to remain at 4.1%.

    Analysts at ING said comments from Federal Reserve Governor Waller pushed U.S. Treasury yields lower on Thursday before a stronger ISM services reading subsequently sent yields higher.

    ING said a payrolls increase below 25,000, combined with benign core CPI of less than 0.2% month-on-month next week, would likely be required to delay an interest-rate increase.

    Friday marks the Federal Reserve’s final communication before its blackout period ahead of the Sept. 16 policy decision.

    Middle East Developments Remain in Focus

    South Korea’s presidential office said it was considering “contributions” to U.S.-led security efforts in the Strait of Hormuz, while adding that “nothing has been decided yet.”

    Vice President JD Vance told a White House briefing he was “extremely skeptical” that Iranian claims that a U.S. strike had hit a wedding party were accurate. Asked whether fighting would end by the midterms, he added “I wouldn’t call it a war”.

    Treasury Secretary Scott Bessent said the European Union had “officially” joined the U.S.-led “Operation Economic Outcast” sanctions campaign against Iran. Bessent reiterated that the campaign aims to “sever every economic lifeline” sustaining Tehran.

    Traffic through the Strait of Hormuz remained below levels recorded before the conflict, with 102 transits last week compared with more than 130 per day previously. Tanker operators continued to route oil through a U.S.-guided southern corridor near Oman.

    Iranian officials said a recent series of U.S. strikes killed at least 18 people and wounded 142. The Wall Street Journal reported that U.S. President Donald Trump was privately considering declaring the war over while the Pentagon extended troop deployments in the region.

    Oil Prices Rise While Gold Declines

    Brent crude rose 0.45% to $95.90 a barrel, while WTI increased 0.43% to $91.68.

    Gold futures declined 0.57% to $4,514.15, while spot gold fell 0.13% to $4,467.71.

  • Arrow Exploration Reports Production Above 6,000 Boe/d and Advances Icaco Drilling

    Arrow Exploration Reports Production Above 6,000 Boe/d and Advances Icaco Drilling

    Arrow Exploration Corp. (LSE:AXL) reported corporate production of more than 6,000 barrels of oil equivalent per day, following recent drilling activity, workovers and the addition of the Thorsby field in Alberta.

    The company estimated its cash balance at US$21.8 million after making the payment associated with the Thorsby acquisition.

    At the Icaco field on the Tapir block in Colombia, Arrow said the IC-6 well encountered a fault and was subsequently repurposed as a water disposal well. The company expects the change in use to reduce operating costs and improve production efficiency at the field.

    Arrow has since spud the IC-7 well, which is targeting multiple formations. The company is also expanding drilling capacity on the Icaco pad as it continues development activity in the area.

    Arrow said discussions regarding an extension of the Tapir block are continuing.

    More about Arrow Exploration Corp.

    Arrow Exploration Corp. is an oil and gas company with operations in Colombia and Canada. Its portfolio includes operated light oil assets in the Llanos, Middle Magdalena Valley and Putumayo basins.

    The company holds rights to 50% of production from the Tapir block in Colombia through a private commercial contract and operates in the country through its wholly owned subsidiary Carrao Energy S.A.

    Arrow is listed on London’s AIM market and the TSX Venture Exchange under the ticker AXL.

  • Quantum Data Energy Reports 4.7 GWh of H1 Generation as New Projects Advance

    Quantum Data Energy Reports 4.7 GWh of H1 Generation as New Projects Advance

    Quantum Data Energy PLC (LSE:QDE) reported electricity generation of approximately 4.7 GWh during the first half of 2026 as it continued to develop its flexible power generation portfolio.

    The company said its Pyebridge asset achieved an average electricity price of £149 per MWh during the period, approximately 58% above the wholesale market benchmark.

    Pyebridge also secured an additional Capacity Market contract covering the period to 2029-30 and was enrolled in NESO’s new Slow Reserve service.

    Quantum Data Energy said the first half was characterised by record renewable generation and periods of electricity price volatility, with intraday price spreads regularly exceeding £100 per MWh.

    Bordersley and Hindlip Add 12.5 MW of Capacity

    The company also reported progress across two development projects representing a combined 12.5 MW of additional capacity.

    The 5 MW Bordersley project reached financial close and entered construction during the period, while the 7.5 MW Hindlip plant completed construction and commissioning on schedule and within budget.

    According to Quantum Data Energy, the two projects are largely funded by partners, limiting the amount of capital required from shareholders.

    The developments form part of the company’s strategy of developing modular power generation capacity for applications including the U.K. electricity grid and AI data centres.

    More about Quantum Data Energy PLC

    Quantum Data Energy PLC is a U.K.-based independent energy company that develops, operates and owns flexible modular power generation assets connected to the U.K. grid.

    The company is listed on the London Stock Exchange Main Market and develops scalable power infrastructure, including modular generation solutions intended for AI data centres and grid applications.

  • Ferrexpo Raises About US$100 Million in Equity Fundraise as London Trading Set to Resume

    Ferrexpo Raises About US$100 Million in Equity Fundraise as London Trading Set to Resume

    Ferrexpo (LSE:FXPO) has completed an oversubscribed equity fundraise involving 448,848,484 new ordinary shares at an issue price of 16.5 pence per share, raising approximately US$100 million from existing and new institutional investors.

    The financing includes a US$50 million cornerstone commitment from investor Andriy Verevskyi and a subscription from major shareholder Fevamotinico. The issuance of the new shares will increase Ferrexpo’s outstanding share capital and dilute the percentage holdings of shareholders who do not participate in the fundraise.

    Ferrexpo said the proceeds will strengthen its liquidity and support the restart of production in Ukraine and the resumption of exports to customers in Europe and other international markets.

    The company also intends to use the funding to reinstate previously deferred capital expenditure and increase production when operating conditions allow. Management said the restart would support thousands of jobs in Ukraine.

    Fundraise Subject to Shareholder Approval

    The equity financing remains conditional on shareholder approval at a general meeting scheduled for 21 September 2026.

    Subject to approval, admission of the new shares to trading on the London Stock Exchange is expected on 22 September.

    The 16.5 pence issue price represents a discount to Ferrexpo’s share price before its trading suspension.

    Trading in the company’s existing shares is scheduled to resume on 7 September following the publication of its audited annual accounts.

    More about Ferrexpo

    Ferrexpo is a Swiss-headquartered iron ore company with operations in Ukraine and a listing on the London Stock Exchange.

    The group produces iron ore pellets for steel manufacturers and has supplied customers internationally for more than 50 years.

    Ferrexpo’s production and export activities have been affected by operating conditions associated with the war in Ukraine. The company serves customers in Europe and other international markets and plans to use part of the new financing to support the resumption of production and exports.

  • European Stocks Rise as Oil Prices Stabilise: DAX, CAC, FTSE100

    European Stocks Rise as Oil Prices Stabilise: DAX, CAC, FTSE100

    European equities moved broadly higher on Thursday as US Treasury yields declined and oil prices stabilised following a three-session increase.

    Brent crude futures were little changed below $96 a barrel after US President Donald Trump said a new round of US attacks on Iran would likely be short-lived.

    The pan-European STOXX 600 Index gained 0.3%, after closing 0.2% lower on Wednesday.

    FTSE 100 and DAX Advance

    The UK’s FTSE 100 Index rose 0.7%, while Germany’s DAX Index gained 0.2%.

    France’s CAC 40 Index moved in the opposite direction, declining 0.3%.

    The moves came as investors assessed oil prices and lower US Treasury yields alongside their potential implications for inflation and interest rates.

    Hilton Food Rises After Guidance Increase

    Among individual companies, Hilton Food (LSE:HFG) shares rose after the food packing group increased its full-year adjusted profit guidance.

    Finnish telecommunications equipment company Nokia (TG:NOA3) also advanced after opening its first research and development centre in Saudi Arabia. The facility is dedicated to AI network automation.

    Voltalia Falls After Revising Outlook

    Voltalia (EU:VLTSA) shares declined after the French renewable energy company revised its fiscal 2026 outlook to a net loss and suspended its fiscal 2027 outlook.

    The changes followed the company’s report of a wider loss for the first half of 2026.

    UK homebuilder Crest Nicholson (LSE:CRST) also fell to a record low after warning that it expects to report an annual operating loss.

    Watches of Switzerland (LSE:WOSG) shares declined despite the luxury watch and jewellery retailer reiterating its full-year revenue and profit targets.

  • Falco Resources Advances Horne 5 as Feasibility Study Highlights Significant Economic Potential

    Falco Resources Advances Horne 5 as Feasibility Study Highlights Significant Economic Potential

    Falco Resources (TSXV:FPC) (USOTC:FPRGF) is entering an important phase in the development of its flagship Horne 5 project, with an updated feasibility study providing investors with a clearer picture of the project’s scale, economics and potential path toward development.

    Located in Quebec, Canada, Horne 5 is a large-scale polymetallic project positioned within an established mining district and a Tier 1 jurisdiction. The project has the potential to produce a combination of precious and base metals, including gold, silver, copper and zinc.

    The story has also attracted fresh attention from Optimo Research, which initiated coverage of Falco Resources in July 2026. The research note describes Horne 5 as “one of the top gold development projects in Canada”.

    Read the full Optimo Research note on Falco Resources

    Speaking on the Watch List, Luc Lessard, President and CEO of Falco Resources, highlighted the scale of the opportunity, with the feasibility study outlining approximately 5.2 million ounces of gold equivalent in reserves, while total resources across all categories approach 9 million ounces of gold equivalent.

    The scale of the resource provides Falco Horne 5 with a substantial foundation as the company works towards development.

    The proposed operation is expected to utilise underground mining, with the project designed around high-efficiency production. Based on the feasibility study, annual production is expected to be approximately 220,000 ounces of gold equivalent, with the broader production profile exceeding 300,000 ounces per year on a gold-equivalent basis.

    For investors, however, the key takeaway from the latest study is the strength of the project’s economics.

    Strong Economics Underpin Horne 5

    Falco’s feasibility study was based on a US$3,600 per ounce gold price assumption, compared with the US$1,600 per ounce assumption used in the company’s 2021 study.

    Under this base-case scenario, Horne 5 delivers an estimated after-tax NPV at a 5% discount rate of approximately C$3.3 billion, alongside an after-tax internal rate of return of approximately 28%.

    These figures underline the potential scale of the project and provide a strong economic foundation for the next stage of development.

    Importantly, the current gold-price environment could provide further potential upside to the project’s economics. As Lessard explained, using gold prices around current market levels, the project’s NPV could rise to more than C$5 billion, with the after-tax IRR potentially increasing to approximately 37–38%.

    While commodity prices will inevitably fluctuate over the life of any mining project, the sensitivity to higher gold prices demonstrates the potential leverage that Falco Horne 5 could have to a supportive precious-metals environment.

    The combination of a substantial mineral inventory, multiple payable metals and strong project economics gives Horne 5 a compelling development profile.

    Moving From Feasibility Towards Execution

    With the feasibility study published in July, Falco is now turning its attention towards the next critical stage: permitting and project advancement.

    The company is currently working closely with regulators in Quebec on the environmental acceptability process, known as the decree process. Falco is addressing additional information and technical requirements requested by regulators, with its team and external experts working to complete the necessary reports and studies.

    This represents an important milestone in the project’s progression.

    At the same time, Falco is assessing several potential financing strategies to support the project’s future development. These include a standalone financing approach as well as the possibility of bringing in strategic partners.

    That provides the company with several potential avenues as it moves closer to the next stage of the project’s development.

    A Large-Scale Project in a Supportive Jurisdiction

    One of Horne 5’s key attractions is its location.

    Quebec has a long-established mining industry, extensive infrastructure and a skilled mining workforce, while Falco’s project sits within a historic mining district. This provides a strong backdrop for a large underground development.

    The project’s polymetallic nature is also significant. While gold provides the headline exposure, the ability to produce silver, copper and zinc could provide additional sources of revenue and diversification across the commodity cycle.

    For Falco, the objective now is to build on the work already completed and continue reducing the remaining development risks.

    The feasibility study has provided an important technical and economic framework, while permitting and financing work can now take centre stage.

    A Potentially Transformative Development Opportunity

    For investors following Falco Resources, the company is entering a potentially transformative period.

    Horne 5 combines a sizeable resource base with significant reserves, substantial planned production and strong projected economics. The updated feasibility study has helped demonstrate that the project has the potential to support a major mining operation, while the current commodity-price environment could provide additional economic leverage.

    The immediate focus will be on progressing the environmental permitting process, continuing discussions around project financing and evaluating potential strategic partnerships.

    With the feasibility study now complete, Falco has moved another step closer to turning the considerable geological potential of Horne 5 into a defined development opportunity.

    As Luc Lessard and the Falco team continue to advance permitting, financing and investor engagement, the coming months could prove important in determining how the project moves towards its next stage.

    For a project of this scale, the transition from feasibility to execution is where the story can become increasingly tangible, and Falco Horne 5 now has a substantial economic foundation on which to build.

  • US Stock Futures Little Changed as Oil Retreats and Broadcom Issues Revenue Forecast: Dow Jones, S&P, Nasdaq, Wall Street

    US Stock Futures Little Changed as Oil Retreats and Broadcom Issues Revenue Forecast: Dow Jones, S&P, Nasdaq, Wall Street

    US equity futures traded close to unchanged levels as investors considered developments in the US-Iran conflict, movements in bond markets and the latest corporate updates ahead of Friday’s US employment report.

    At 03:50 ET, S&P 500 Futures stood at 7,671.1 points, while Nasdaq 100 Futures were at 29,211.25 and Dow Jones Futures were at 53,195, with all three contracts showing limited movement.

    The futures performance followed gains on Wall Street as equities recovered from their weaker start to September. Investors continued to await Friday’s labour market figures for additional information on the economic backdrop ahead of future Federal Reserve policy decisions.

    Brent and WTI Decline Following Three-Day Advance

    Crude oil prices moved lower during Asian trading on Thursday, ending a three-session run of gains as investors monitored the latest developments involving the US and Iran.

    Brent crude futures fell 0.4% to $95.25 per barrel, while WTI futures declined 0.2% to $90.80. Both benchmarks had advanced by almost 1% during Wednesday’s session, reaching their highest levels in around five weeks.

    Prices moved lower after US President Donald Trump said the renewed attacks against Iran would not continue for long. US officials also indicated that energy flows through the Strait of Hormuz were recovering.

    Developments around the Strait of Hormuz remained under scrutiny because of the route’s importance to international energy shipments.

    Missile and Drone Strikes Target US Bases in Kuwait

    Iran carried out missile and drone strikes targeting US bases in Kuwait late Wednesday, according to state-run Press TV.

    Kuwait’s Armed Forces said air defence systems were intercepting “hostile targets,” but did not identify their source.

    The reported action followed US strikes against Iranian targets near the Strait of Hormuz and subsequent Iranian missile and drone attacks on US infrastructure elsewhere in the Gulf.

    Investors continued to assess developments in the region and their potential implications for energy shipments through the Strait of Hormuz.

    Williams Links Higher Bond Yields to US Economic Strength

    New York Fed President John Williams said the increase in longer-term bond yields reflected the strength of the US economy rather than concerns over inflation.

    Speaking to CNBC, Williams attributed higher borrowing costs to the economic outlook, which he said was supported in part by investment in artificial intelligence, data centres and technology.

    Federal Reserve Governor Christopher Waller was scheduled to deliver remarks later on Thursday, providing investors with another opportunity to assess the monetary policy outlook before the Fed’s next decision.

    Broadcom Forecasts Fourth-Quarter Revenue of About $34.8 Billion

    Broadcom (NASDAQ:AVGO) projected fiscal fourth-quarter revenue of approximately $34.8 billion, compared with the Wall Street consensus forecast of around $35.05 billion.

    The company expects AI chip sales of $21.7 billion, slightly above expectations of approximately $21.33 billion.

    The reported results were broadly consistent with Wall Street forecasts, according to the source material, while Broadcom’s overall revenue projection for the fourth quarter came in below analysts’ average estimate.

  • European Stocks Edge Higher as US Payroll Data Weighs on Rate Expectations: DAX, CAC, FTSE100

    European Stocks Edge Higher as US Payroll Data Weighs on Rate Expectations: DAX, CAC, FTSE100

    European equities moved slightly higher on Thursday, with the STOXX 600 attempting to stabilise after three consecutive sessions of declines as investors assessed lower bond yields and comments from a Federal Reserve official.

    The pan-European STOXX 600 rose 0.12% after reaching a more than one-month low on Wednesday. Germany’s DAX gained 0.2%, while France’s CAC 40 and London’s FTSE 100 were broadly unchanged.

    The moves followed declines across European markets earlier in the week as sovereign bond yields increased and energy prices rose amid military exchanges in the Persian Gulf.

    German 10-year Bund yields had reached 3.37%, their highest level since 2011, while US 10-year Treasury yields approached 4.80%.

    Oil prices had also moved above $90 a barrel earlier in the week amid developments involving the US and Iran in the Strait of Hormuz.

    Fed’s Williams Says Policymakers Should “Wait and See”

    Investors were also assessing comments from New York Fed President John Williams regarding the outlook for US interest rates.

    Williams said on Wednesday that policymakers should “wait and see” incoming economic data before deciding on further monetary tightening.

    The comments came ahead of the Federal Open Market Committee meeting scheduled for September 16.

    US private payroll data also came in below market expectations. Private-sector employment increased by 38,000 jobs in August, contributing to declines in US Treasury and Asian sovereign bond yields.

    Attention was set to turn to comments from Federal Reserve Governor Christopher Waller later in the day for further indications regarding the outlook for monetary policy.

    Oil Prices Ease as Markets Await Eurozone PPI

    Crude oil prices moved lower on Thursday after trading above $90 a barrel earlier in the week.

    Investors were also awaiting Eurozone Producer Price Index data scheduled for later in the session, ahead of the European Central Bank’s monetary policy meeting on September 10.

    Among individual stocks, Deutsche Telekom (TG:DTE) shares rose 1.4% following a report that activist investor Elliott had built a stake in the company.