Financial Performance
- Finance
London Stock Exchange Group reports £2.1bn total revenue for 2020
The London Stock Exchange Group reported total revenue of £2.1bn in 2020, a 3% increase from 2019 as the company…
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Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
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UBS hikes bonuses by nearly 50% for senior employees after bumper year
UBS hiked bonuses for a select group of senior staff by nearly 50% after a bumper year for the Swiss bankers…
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Buy this dip in Apple, Microsoft and these other tech stocks before they’re out of reach, says analyst
It has been a bad week for technology stocks. The Nasdaq tumbled 2.7% on Wednesday, and the slide continued in…
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GE stock jumps toward 3-year high after UBS analyst gets a little more bullish
Shares of General Electric Co. ran up toward a near three-year high, after UBS analyst Markus Mittermaier said rising interest…
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AMD releasing new gaming card amid chip shortage
Advanced Micro Devices Inc. said Wednesday it’s releasing a new model of gaming card amid shortages that have plagued customers…
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Okta to buy competitor Auth0 for $6.5 billion, stock drops as earnings outlook comes up short
Okta Inc. shares dropped in the extended session Wednesday after the identity-management services company’s bottom-line outlook fell well short of…
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Zoom Video can still thrive in a post-vaccine world, analysts say
Zoom Video Communications Inc. continued to show strong momentum in its latest quarter, fueling optimism that the company can keep…
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Lyft sees best week for rides since pandemic began, stock rises sharply
In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its largest…
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Chairman of Alibaba’s Ant Group insists IPO is still on the cards
The head of the Chinese fintech company Ant Group, which was prevented from listing in November by the country’s central…
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Nio’s sales top $2 billion in ‘transformational’ year
Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported…
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Zoom earnings roared to nearly $1 billion in 2020, and the stock is rising again
Zoom Video Communications Inc.’s rip-roaring ride resumed its meteoric trajectory Monday, with shares jumping as the company detailed the results…
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EU signals short-selling crackdown amid GameStop mania — raising ire among market bears
Short-sellers could be faced with increased scrutiny when targeting European companies following the GameStop furore in the US, according to…
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GameStop saga illustrates rising ‘noise-trader risk’ that could feed market volatility, warns quantitative analyst
The wild trading saga surrounding GameStop Corp. and other meme stocks targeted by bands of individual investors ostensibly out to…
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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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Nikola stock gains after narrower Q4 loss for electric-truck maker
Nikola Corp. late Thursday reported a narrower-than-expected adjusted quarterly loss and said it is refocusing on its “core businesses” around…
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BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
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Jupiter assets reach new record, despite investors pulling £4bn
Jupiter Fund Management suffered net outflows of £4bn last year, despite the FTSE 250 group posting an increase in profits and a…
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Aquis says it will trump City market expectations
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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Beyond Meat lands deals with McDonald’s, KFC, Taco Bell and Pizza Hut; stock surges despite lukewarm earnings
Beyond Meat Inc.’s stock initially tumbled 15% in extended trading Thursday after the company came up short on quarterly estimates.…
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Salesforce earnings live up to Benioff’s $20-billion goal, so now it’s on to the next one
Salesforce.com Inc. easily topped $20 billion in revenue for the first time in its recently completed fiscal year, so now…
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DoorDash shares sink as revenue more than triples but loss more than doubles
DoorDash Inc., the food-delivery app whose pandemic-fueled boom helped it pull off one of 2020’s biggest IPOs, said in its…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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EU regulator to probe zero-commission stock trading: ‘There’s no such thing as a free lunch’
European market officials will analyse the risks of zero-commission stock trading apps such as Robinhood in the wake of the…
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Pay slashed for StanChart chief Bill Winters amid missed targets, 40% profit drop
Standard Chartered has announced a dividend and share buyback scheme amid falling profit, along with a cut to the chief executive’s…
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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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Nvidia’s quarterly sales topped $5 billion for first time amid holiday scramble for gaming gear
Nvidia Corp. reported Wednesday that quarterly topped $5 billion for the first time in the fourth quarter, as holiday gaming…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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Metro Bank reports £271.8m loss on pandemic hit
Metro bank reported an underlying loss before tax of £271.8m for 2020, taking an estimated £124m hit from the impact…
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Lloyds resumes dividends, posts lower profit
Lloyds Banking Group said it would resume dividend payments for shareholders as it posted its annual results with £792m in pretax…
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RealReal widens quarterly loss, sales fall 10%
Shares of RealReal Inc. fell in the extended session Monday after the e-commerce retailer of secondhand luxury goods reported a…
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Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
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Lucid Motors finally confirms SPAC deal, and the stock is plunging
After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid…
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Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks
A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to…
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Barclays’ trading unit surges to new highs as Covid-19 hits overall profits
Barclays’ trading unit produced its best ever year in 2020, even as the Covid-19 crisis forced the bank to put…
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NatWest Markets pays nearly £60m to handful of top traders
NatWest Markets paid out nearly £60m to a handful of top employees in its sales and trading unit, even as the…
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The great dividend reset means yields will now be more sustainable
For UK income investors, last year might seem to have been nothing short of a calamity. The dividend pool for…
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GameStop frenzy fuels SEC to weigh more short sale transparency
Wall Street’s main regulator is weighing whether to require more transparency of short-selling and the opaque network of stock lending…
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Big Tech is swallowing the rest of Silicon Valley
Silicon Valley’s deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area’s…
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Robinhood, Citadel CEOs grilled by lawmakers in wake of GameStop saga
Robinhood chief executive officer Vlad Tenev offered an apology for the company’s decision to temporarily curb trading in some stocks,…
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Tilray stock loses steam as analysts say company not compelling as stand-alone business, look to Aphria deal
Tilray Inc. shares fell on Thursday, as analysts weighed in on the company’s latest quarterly earnings with most looking ahead…
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