Volvo beats analysts’ expectations due to strong demand April 28, 2022 Volvo has beaten analysts’ predictions as a result of strong demand and supply chain issues improving, the automotive maker announced today. In the first quarter of 2022, Volvo’s profits slumped by 40 per cent, going down to 6bn Swedish crowns (£488.9m) from 8.4bn a year earlier. Nevertheless, earnings beat the 4.13bn expected by analysts polled [...]
The stocks to watch in London in 2024: Defence, housebuilders and clean energy January 4, 2024 Several firms roared ahead of the market in 2023 - but which could be the stocks to watch in London this year?
European equity funds record rebound in inflows after March exodus April 8, 2022 European equity funds notched a rebound in inflows in the first week of April after market volatility saw them haemorrhage investors throughout March.
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
H&M’s autumn profit beats expectations January 28, 2022 Fashion retailer H&M has surpassed expectations with a bigger profit increase than expected for its autumn trading period. In an update on Friday, the Swedish firm said pretax profit hit levels equivalent to £478.6m for the September to November period. Profit reached 6bn crowns in its financial fourth quarter, up from 3.67bn the previous year. [...]
London Stock Exchange’s $27bn Refinitiv deal under scrutiny in Brussels February 26, 2020 The London Stock Exchange Group’s $27bn purchase of Refinitiv has reportedly already come under intense scrutiny in Brussels, raising the prospect that EU regulators will initiate a much longer investigation into the deal than had been expected. The two companies are yet to formally notify competition regulators of the deal, which would trigger the review [...]
Nike beats revenue estimates with North American sales boost March 21, 2022 Nike beat quarterly revenue and profits estimates today after strong Christmas demand in North America helped it recover from supply chain strains in China.
Google parent Alphabet announces stock buyback after modest beat on ad sales April 26, 2023 Alphabet Inc said on Tuesday it would buy back $70bn (£56.3bn) in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud services and ad sales held up better than expected. Investors cheered the buyback plan, sending shares of the Google parent as much as 4 per cent higher in after-hours trade before [...]
It’s happened: Global M&A hits all-time record of $5 trillion in 2021 November 18, 2021 Dealmaking has reached new heights this year, as the momentum seen each quarter continued unabated and propelled the global M&A market to a new all-time record of $5 trillion in deals – with still one month to go. As of yesterday, global transactions have topped $5 trillion so far this year – already 40 per [...]