capital expenditure

AI factories, token demand and circular financing: we revisit Firmus less than a year on and ask whether the returns actually stack up.

AI’s capex boom is fuelling a historic debt surge. Are hyperscalers repeating the mistakes that sank Europe’s telcos?

There is an investing narrative that suggests with three interest rate cuts in the past few months, companies are about to unleash a capex spending spree. I’m...

With so much discussion about the maturity of the current bull market, it would be easy to assume that corporate balance sheets have fallen into the same state of...