KKR shareholders in line for bumper payouts after revenue boost February 8, 2022 Shareholders at global investment firm KKR are in line for bumper payouts after the firm posted record transaction fees in the fourth quarter and strong sales in its private equity division.
ExxonMobil trebles buyback scheme after $3.4bn Russia write-down April 29, 2022 Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Global dealmaking plunges amid shocks of war in Ukraine April 1, 2022 Worldwide dealmaking has plunged in the first quarter of this year after the invasion of Ukraine sent shockwaves through global financial markets.
Samsung estimates 52 per cent profit boost as demand for chips rockets January 7, 2022 Samsung weathers the chip shortage storm, as the tech giant said it expected its profit to jump 52 per cent for the last three months of 2021.
Gas prices soar as flows dip from key markets June 14, 2022 European gas prices have spiked again this morning amid both lower flows from Norway and Russia, and weak wind output.
Apple becomes first company to hit $3n market value January 4, 2022 Apple became the first company to reach a $3tn stock market value, before slipping slightly at the end of the day on Monday. The Silicon Valley titan hit a record high of $182.88, placing Apple’s market value just above $3tn yesterday. The stock ended the session up 2.5 per cent at $182.01, with Apple’s market [...]
London Stock Exchange set to send $27bn Refinitiv deal to EU regulators January 13, 2020 The London Stock Exchange Group is reportedly set to file its $27bn (£20.8bn) deal to buy financial data group Refinitiv with EU antitrust authorities, following extensive discussions with Brussels over the scope of its investigation into the merger. The two sides have not yet resolved the issue of what constitutes “the market” against which the [...]
Zoom beats expectations as momentum continues despite office return November 22, 2021 Zoom Video Communications has beat estimates for third-quarter revenue as its shares jumped in extended trading. Despite the firm warning of slowing revenue growth after the second quarter as home-working weakens, the firm was able to hold its momentum. Revenue rose 35 per cent to $1.05bn in the third quarter ended 31 October, compared with [...]
Procter & Gamble lifts sales forecast after price hikes and Covid demand for cleaning products January 19, 2022 Consumer goods giant Procter & Gamble hiked its annual sales forecast on Wednesday after a surge in Covid infections led to an invigorated demand for cleaning supplies. It marked a six per cent leap in quarterly sales, beating expectations. The company, which owns household brands such as Head & Shoulders and Ariel, reported its fabric [...]
Samsung’s profits jump amid computer chip shortage April 7, 2022 Samsung expects a 50 per cent jump in quarterly operating profits to $14.1tn powered by the global shortage of computer chips.