No slacker: Messaging app Slack targets $196.5m in New York Stock Exchange float May 21, 2019 Work messaging app Slack expects to net $196.5m when it goes public on the New York Stock Exchange in the next few weeks. Read more: Slack files for IPO: Everything you need to know The collaboration firm, which changed its stock ticker from ‘SK’ to ‘WORK’ yesterday, will float nearly 117m shares on the stock [...]
Stocks tumble as Google’s Huawei block stokes trade tensions May 20, 2019 Global stocks slumped today after Google blocked parts of its business with Huawei, sparking fears of an escalation in the trade war between the US and China. Google today confirmed it had suspended Huawei’s access to its Android operating system after US President Donald Trump blacklisted the Chinese company over fears it could be a [...]
Global stocks reverse falls after reports Trump will delay auto tariffs May 15, 2019 Global stock markets have rallied after US President Donald Trump was reported to be planning to delay tariffs on car imports by up to six months. Read more: US stocks fall as industrial sector contracts for third time in four months Investors had been in sell-off mode amid heightened trade tensions between the US and [...]
Uber IPO: Shares slide again on second day of New York trading May 13, 2019 Shares in Uber dropped as much as 10 per cent this afternoon on its second day of trading following a disappointing $82.4bn (£63.2bn) stock market debut on Friday. The ride-hailing giant’s stock fell to $37.22, dropping more than 17 per cent below its initial public offering (IPO) price of $45 per share. Read more: Uber braced [...]
Uber braced for second day of trading after IPO takes a wrong turn May 13, 2019 Uber is braced for its second day of trading on the New York Stock Exchange today after its shares veered off course in a disappointing initial public offering (IPO) on Friday. Shares in the lift-hailing giant closed down 7.6 per cent after its $82.4bn (£63.2bn) float failed to impress investors last week. Read more: Four [...]
London’s finance expertise is leading the global charge towards a greener planet May 13, 2019 Tackling climate change presents an unprecedented challenge for us all – politicians, businesses and individuals alike. It’s estimated that some $90 trillion will be needed globally by 2030 to achieve international sustainable development and climate objectives, which is undoubtedly a daunting task. But it is also a significant opportunity. The UK’s financial and professional services [...]
Uber shares debut on New York Stock Exchange in $82.4bn IPO May 10, 2019 Shares in ride-hailing giant Uber began trading on the New York Stock Exchange today, after the firm priced its stock at the lower end of its target range. Uber priced its initial public offering (IPO) at $45 per share after setting a range of between $44 and $50. Read more: Uber's float is a huge [...]
Slack files for IPO as it targets New York Stock Exchange debut April 26, 2019 Collaboration tool Slack has confidentially filed to float on the New York Stock Exchange. Read more: Uber reveals IPO will value firm as high as $90bn The messaging app will join the stock market under the ticker symbol SK this summer, in either May or June, according to its filing. Slack, which was last valued [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Chief executive of struggling Kraft Heinz to step down April 22, 2019 Kraft Heinz has today announced that chief executive Bernardo Hees is to step down and be replaced by Miguel Patricio, an executive at drinks giant Anheuser-Busch InBev (AB InBev). Read more: Kraft Heinz share price plunges as SEC probe and losses spook Wall Street The US food company said that Patricio, who is Portuguese, will on 1 [...]