Pfizer’s Covid-19 vaccine news set off a $2 trillion trading frenzy on markets November 10, 2020 Pfizer's Covid-19 vaccine news set off a $2 trillion trading frenzy on markets
Tesla achieves first-ever $10bn quarter January 27, 2021 Tesla has posted its first-ever $10bn quarter following a successful year that saw its founder, eccentric billionaire Elon Musk, become the world’s richest person. Tesla beat Wall Street estimates for fourth-quarter revenue after beating 2020 deliveries earlier this month on a steady rise in electric vehicle demand. The carmaker, led by billionaire entrepreneur Elon Musk, [...]
Legal & General backs activist investor over Exxon climate concerns May 11, 2021 Legal & General, one of Exxon Mobil’s major investors, has said it will back an activist hedge fund at Exxon’s shareholder meeting later this month, after the fund raised climate-related concerns about Exxon’s practices. US oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction [...]
Netflix plots move into video games as subscriber growth slows July 21, 2021 Netflix last night confirmed plans to move into video games after the streaming giant suffered a sharp slowdown in new subscriber growth. The streaming giant added 1.54 million subscribers over the last quarter, below analyst forecasts and a significant fall from its 2020 boom. In the same quarter last year, at the peak of the [...]
High voltage: National Grid’s profits spark to life amid Europe’s energy crunch November 18, 2021 National Grid is benefitting from booming profits as the energy crisis continues to bite.
Napster set for London listing after MelodyVR deal February 8, 2021 Napster is reportedly preparing to list in London later this month following the $70m (£53.8m) reverse takeover by startup MelodyVR. Napster will start trading on Aim from 26 February, according to the Guardian, the first time it has ever had its own IPO. Virtual music tech company MelodyVR, which launched in 2018, announced it had [...]
Bank of America profit doubles as Covid loan losses less than predicted April 15, 2021 Bank of America profit doubles as Covid loan losses less than predicted
Zoom shares surge as video app beats quarterly revenue estimates March 1, 2021 Zoom shares jumped more almost 10 per cent this evening after the video conferencing platform said it expects quarterly revenue to smash analysts’ estimates. The company forecast revenue for the latest quarter to come in between $900m (£646.3m) and $905m, compared with estimates of $829.2m, according to IBES Refinitiv data. The announcement pushed shares in [...]
Exclusive: UK private equity firms pool £20bn fire power as they circle higher value targets April 29, 2021 The total value of UK private equity club deals reached £19.7bn last year, a fourfold increase from the £4.5bn in 2019. Moreover, the number of club deals has reached a three-year high as there were 56 deals in 2020, a jump of 30 per cent from 43 the year before, according to new data that [...]
Financial data platform Refinitiv Eikon suffers ‘major incident’ before London market opening May 14, 2019 Financial data terminal Refinitiv Eikon was hit by a “major incident” this morning as investors were unable to log in ahead of the London market opening. The problem began shortly before 5am and prevented worldwide user from accessing the data hub, the Financial Times reported. Read more: City of London Corporation names Refinitiv boss as [...]