UK Services PMI Falls Below the 50 Threshold to 48.7, New Prime Minister Inherits Troubled Economy

October 6 – ** Shares of India’s Kotak Mahindra Bank KTKM.NS rose 3.3% to 429.80 rupees ** Kotak Mahindra Bank reported a 24.7% increase in net loans for Q2 FY2027 (link) ** Goldman Sachs reiterated its “Buy” rating with a target price of 540 rupees, citing the better-than-expected Q2 performance update ** Given strong deposit growth and organic loan expansion, the bank’s EPS compound annual growth rate (CAGR) estimate for FY2026-29 was raised to 19% ** It was noted that organic loan growth rose from 15% in the previous quarter to 19% year-on-year; this growth momentum is expected to continue, supported by retail loans, SME lending, and commercial banking ** An average of 37 analysts give the stock a “Buy” rating, with a median target price of 470 rupees – data compiled by LSEG ** Year-to-date, the stock is down 5.5% (To assist non-English speakers, Reuters automatically translates its reports into several other languages. Due to the possibility of errors or lack of required context in automated translations, Reuters does not guarantee their accuracy and provides them for convenience only. Reuters accepts no liability for any damage or loss resulting from the use of automated translation features.)

National Pension Service raised its stake in Hyosung TNC to 10.60% as of Sept. 30, 2026. Holding increased to 458,722 shares from 439,981 shares, a net gain of 18,741 shares. Change was driven by on-market purchases and sales, with the reportable event dated Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyosung TNC Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000132), on October 06, 2026, and is solely responsible for the information contained therein.