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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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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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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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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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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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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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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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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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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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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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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